As the euphoria that followed Pfizer’s announcement faded, European shares slipped back from their eight-month highs, with poor economic data from Britain adding to doubts about the rebound from the brutal slump caused by the first lockdowns.Its economy lost steam in September, hardening expectations that it will shrink again as 2020 ends.

Britain passed 50,000 COVID-19 deaths this week, and the 33,470 new cases registered on Thursday were its highest daily tally to date.

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Swiss financial market supervisor sees pandemic’s strain lasting

Nov 13, 2020

Banks — especially Switzerland’s two big banks, UBS and Credit Suisse — were exposed to heightened risks of debtor bankruptcies and writedowns on loans to corporate clients outside Switzerland, which has experienced a less pronounced downturn than many other countries

Willis Towers Watson acquires Acclimatise, to strengthen climate resilience leadership

Nov 13, 2020

John Firth, CEO and Co-Founder of Acclimatise, said, “Climate change risk is fast becoming a central part of government, corporate and financial decision making and planning. Meeting growing client demand will require increasingly sophisticated approaches to climate risk assessment and management.”

North Korean, Russian hackers target COVID-19 researchers: Microsoft

Nov 13, 2020

The software company said a Russian hacking group commonly nicknamed “Fancy Bear” – along with a pair of North Korean actors dubbed “Zinc” and “Cerium” by Microsoft – were implicated in recent attempts to break into the networks of seven pharmaceutical companies and vaccine researchers in Canada, France, India, South Korea, and the United States.

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