SIRC 26
Indian
AIIB provides $125 million funding for Kerala’s climate adaptation and disaster resilience
An estimated 49.6 million people will benefit from the loan, part of a comprehensive $ 530-million package cofinanced by the Government of Kerala, the World Bank Group’s International Bank for Reconstruction and Development and the French Development Agency.
Two key government programs will benefit from the financial injection—the Rebuild Kerala Development Program and the State Health Mission—both of which aim to improve state governments’ institutional resilience.
Automobile retail sales in fast lane in July as COVID restrictions ease across country
”With the entire country now open, July witnessed robust recovery in auto retails as demand across all categories remained high. Besides, the low base effect also continues to play its part,” Federation of Automobile Dealers Associations (FADA) President Vinkesh Gulati said in a statement
However, long waiting periods due to supply-side constraints continue to persist for the last few months and are becoming a cause of concern for original equipment manufacturers (OEMs), he added.
Foreign nationals now eligible for Covid vaccination in India: Govt
”This initiative will ensure the safety of foreign nationals residing in India. It will also bring down the possibilities of further transfer of infection from unvaccinated persons residing in India. It will also ensure overall safety from further transmission of coronavirus,” the ministry said in the statement.
Indian Ocean warming at faster pace, India to witness increased heat waves, flooding: Report
”The Indian Ocean region is warming at a higher rate, which means the relative sea level can also increase over the regions. Hence, the coastal regions will see the sea level rise through the 21st century and it will contribute to more frequent and severe coastal flooding in low-level areas and coastal erosion. Along with this, extreme sea-level events that were previously seen once in a hundred years, could also happen every year by the end of the century,” she said.
International
U.S. regulator homes in on climate risks to U.S. markets
The report, by a 35-member panel formed last month by the Commodity Futures Trading Commission, “will address both the short-term financial risks that may be associated with the transition to a low carbon economy, as well as the current and future market and financial risks associated with the physical risks that will arise from a warming climate,” Bob Litterman, a partner at hedge fund Kepos Capital and the panel’s chair, said at a public meeting held at the CFTC’s Washington headquarters.
AXA XL announces Collaboration with Slice Labs and Microsoft to Improve Cyber Risk Management
“This new level of integration with Microsoft and Slice Labs reinforces the fact that insurance is no longer an after the fact product that companies should use as a band-aid when an incident occurs,” said John Coletti, Chief Underwriting Officer, AXA XL’s cyber insurance team in North America. “We’re excited to bring a solution to market that only large enterprises have procured in the past to SMB’s who need it just as badly.”
French lottery operator FDJ secures counterparty risk insurance La Française des Jeux (FDJ), France’s historical lottery and main sports betting operator, has taken out a new comprehensive insurance policy with numerous top-tier French and international
North Korean hackers working with Eastern European cybercriminals: Report
Mountain View, California-based SentinelOne says that the Lazarus Group — which American prosecutors accuse of organizing the leak of emails from Sony Pictures and stealing millions of dollars from the Central Bank of Bangladesh — is getting access to some of its victims through a cybercrime gang dubbed TrickBot.
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