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Indian
Founder V Jagannathan quits Star Health’s board
V Jagannathan "…we wish to inform you that Venkatasamy Jagannathan...
LIC to hold 5-day roadshows in Hong Kong, UK in June last week
The top management of LIC will interact with global investors...
Govt will regulate AI, other tech from perspective of harm it can inflict on users: MoS IT
''Our approach towards AI or any regulation is that we will...
CEA against concept of Universal Social Security as it may generate ‘perverse incentives’
''For our country, when natural economic growth should take care of...
International
AM Best upgrades GIC Re’s credit rating outlook to stable, co’s balance sheet strength remains strong
GIC Re,with a global premium of $6,481 billion in 2020. is the 10th largest non-life reinsurer in the world and third largest reinsurer in Asia after China Re and Korea Re. The business profile assessment of favourable reflects GIC Re’s position as a leading reinsurer in India, with an approximate 75% market share based on ceded domestic written premium. The company continues to have close relationships with direct insurers in India, and local regulations provide GIC Re with a competitive advantage in obtaining domestic reinsurance placements.
In addition, the company maintains a geographically diversified underwriting portfolio, with over 35% of business sourced outside of India in fiscal year 2021.
EXPLAINER: Why World Bank is under fire over set of rankings
The report is important to many companies and investors around the world: They use the World Bank’s “Doing Business” report to help decide where to invest money, open manufacturing plants or sell products.
Eager to attract investment, countries around the world, especially developing economies, have sought to improve their rankings in the World Bank’s report.Sometimes, nations would pursue substantive policy changes — by, for example, making it easier for businesses to pay taxes, obtain loans or enforce contracts.
Tech giant Xiaomi patents earthquake monitoring mobile tech
The patent describes a system that is capable of reading/monitoring seismic activity from a mobile equipment. This technology would be used in detecting earthquakes, reports GizmoChina.
The ‘mobile device’ would transfer key data obtained to send it to an earthquake processing center.
The system would also permit the underlying processor to identify and predict earthquake events based on multiple readings, the report added.
Biden asks world leaders to cut methane in climate fight
Biden made the remarks during a virtual meeting of the Major Economies Forum (MEF), a follow-up to an Earth Day meeting he hosted in April to unveil new U.S. greenhouse gas emissions reduction targets and press other countries to do more to curb theirs.
The United Kingdom heeded the call, with Prime Minister Boris Johnson pledging to be among the first signatories of the Global Methane Pledge to reduce emissions of the harmful gas.
Argentina, Indonesia, Italy and Mexico also joined the alliance, while Ghana and Iraq signaled interest in joining, according to a White House summary of the meeting, which noted those countries represent six of the top 15 methane emitters globally.
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