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Indian
Govt to soon approve recast of Banks Board Bureau
The Delhi High Court(Delhi HC), while disposing one of the cases ,...
LIC IPO: Listing on Tuesday, Faith of millions of Indian small investors put to test
“The mood could turn sour if the market price falls,” said Amitabh...
Govt looks for a new IRDAI member (life)
A search panel, The Financial Sector Regulatory Appointment Search...
Illegal structures, scant regard for fire safety norms led to loss of lives in fires in Delhi
In December 2019, the Anaj Mandi blaze claimed 44 lives, making it...
International
Covid passports seen as key to resuming international travel
A test program will begin with British Airways parent IAG SA this year before arriving on Apple Inc. devices in the first quarter of 2021 and Android from April, IATA said. Travelers will be able to share their status with border authorities or present a QR code for scanning.
“We need to have global rules and standards” on measures like rapid testing and vaccination so there can be a “step forward” for the industry, Pieter Elbers, the head of the Dutch arm of Air France-KLM, said in a Bloomberg TV interview Tuesday. The health advances “will definitely help to restore confidence in travel.”
As more countries pledge zero emissions, coal finance evaporates
With insurance companies, banks and other financiers pulling out of coal “we are seeing a real tide of all these forces moving in capital markets,” Lachlan Shaw, head of commodities research at ANZ, said at the virtual Coaltrans Asia conference.
“What’s changed more recently is we have seen China, Japan and South Korea all commit to net-zero carbon emissions targets,” he said.
Aviva exits Italian life insurance unit in $475-million sale
Blanc announced in August that Aviva would focus on its operations in the U.K., Ireland and Canada, signaling that underperforming units in other countries could be disposed of. The company sold control of its Singapore business in September and is also pursuing a sale of its French unit.
The deal adds to a flurry of recent insurance activity, topped by last week’s $9.6 billion takeover of RSA Insurance Group Plc in the biggest acquisition of a U.K.-listed company this year. On Friday, Zurich Insurance Group AG revealed it’s in talks to buy MetLife Inc.’s U.S. property and casualty unit.
No-deal Brexit will do more damage to the economy than the coronavirus, Bank of England governor warns
“Well, I think the long-term effects … would be larger than the long-term effects of COVID,” Bailey said when asked by a lawmaker about the consequences for the economy if Britain and the European Union fail to strike a post-Brexit trade deal.
London and Brussels remain locked in negotiations ahead of the Dec. 31 expiry of Britain’s Brexit transition period.
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