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Indian
IRDA constitutes 2 panels to sort out reinsurance issues in life and non-life insurance industry
Non-life panel headed by Bhargav Dasgupta, MD and CEO, ICICI...
Delhi HC further adjourns “Singh Vs Government of India” case to Sep 8, NIA CMD appointment to get delayed
Indicating a possible scenario, industry observers say the...
8 new Insurance Ombusdmen selected
Atul Sahai, former CMD, New India Assurance has been selected for...
EPFO to soon disburse pension to over 73 lakh pensioners in one go via central system
''A proposal for setting up a central pension disbursal system will...
International
US doctor has severe allergic reaction to Moderna vaccine, says report
A US Food and Drug Administration (FDA) official said last week that the US drug regulator is investigating around five allergic reactions that occurred after people were administered Pfizer and BioNTech SE’s coronavirus vaccine in America.
Meanwhile, amid the new coronavirus strain scare, Moderna has said that it expects the immunity induced by its Covid-19 vaccine would be protective against the variant reported in the UK.
EU trade deal brings little progress for UK’s giant financial sector
The City of London finance hub secured no special treatment, leaving it on a par with arch rival New York 3,500 miles away as the EU seeks to reduce reliance on UK financial services.
Brussels has only granted financial market access, known as “equivalence”, for two financial activities from Jan. 1, when Britain will have left the EU’s single market.
The Bank of England has said there could be disruption in markets if no further access is allowed.
Just minutes after Britain and the EU hailed their agreement on trade, the bloc’s executive said it wanted a “series of further clarifications” on how Britain will diverge from EU rules after Dec. 31.
Another new coronavirus variant found in Nigeria, says Africa CDC
The news comes after Britain and South Africa both reported new variants of the SARS-CoV-2 virus that appear to be more contagious, leading to new travel restrictions and turmoil in markets.
“It’s a separate lineage from the UK and the South African lineages,” John Nkengasong, director of the Africa Centres for Disease Control and Prevention (CDC) told an online news conference from Addis Ababa.
China launches antitrust probe into tech giant Alibaba
It follows China’s dramatic suspension last month of Ant’s planned $37 billion initial public offering, which had been on track to be the world’s largest, just two days before shares were due to begin trading in Shanghai and Hong Kong.
In a strongly worded editorial, the ruling Communist Party’s People’s Daily said that if “monopoly is tolerated, and companies are allowed to expand in a disorderly and barbarian manner, the industry won’t develop in a healthy, and sustainable way”.
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