United Nations Secretary-General Antonio Guterres urged a virtual meeting of a coalition of finance ministers and economic policymakers from dozens of countries to ensure development banks phase out fossil fuel investments, rapidly scale up support for renewable energy, and back projects to help those most exposed to the impacts of climate change.

Enforcement against foreign bribery down sharply since 2018 – group

Oct 13, 2020

“Too many governments choose to turn a blind eye when their companies use bribery to win business in foreign markets,” said Delia Ferreira Rubio, chair of the group.

A collapse of global tax talks could cost $100 billion, says OECD

Oct 13, 2020

The aim is update international tax rules for the age of digital commerce, in particular to discourage big Internet companies like Google, Facebook and Amazon from booking profits in low-tax countries like Ireland regardless where their customers are.

In the absence of a new international rulebook, a growing number of governments are planning theirIn the absence of a new international rulebook, a growing number of governments are planning their own digital services taxes, which has prompted threats of trade retaliation from the Trump administration.

Swiss Re and Daimler launch new company Movinx, to transform automotive & mobility insurance business

Oct 12, 2020

Both shareholders of the 50/50 joint venture will leverage their complementary expertise to establish a new business model.
The aim is to develop fully digital automotive and mobility insurance products that both fulfill changing customer needs and offer best-in-class service quality. The first insurance products and services are planned to launch in France in 2021.

In the coming years, further market entries are planned across Europe, in the Americas, and in Asia.
Pravina Ladva, Swiss Re’s Digital Transformation Officer, said: ”We believe that partnering with Daimler Insurance Services and establishing Movinx will take us to the next level in innovating mobility insurance. Our joint long-term ambition is to unlock an ecosystem interplay where insurance supports the introduction of new technologies such as advanced driving assistance systems and autonomous cars as well as new business models in the mobility area.”

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