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BOJ plans to launch new scheme on climate change, keeps policy steady

by AIP Online Bureau | Jun 18, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

  TOKYO: The Bank of Japan said on Friday it will launch a new scheme to encourage financial institutions to boost lending and investment for fighting climate change, in a surprise move underscoring the growing attention central banks are putting on the topic....

COVID deals new blow to foreign carmakers’ Indian dream

by AIP Online Bureau | Jun 18, 2021 | Eco/Invest/Demography, Indian News, Non-Life

  NEW DELHI: Foreign automakers’ hopes of a booming Indian car market are fading fast as a brutal second wave of COVID-19 infections and limited government room for more stimulus spending suggest a recovery could lag far behind China and the United States....

China’s worse-than-Suez ship congestion set to widen global trade chaos

by AIP Online Bureau | Jun 18, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

  The global shipping industry, already exhausted by pandemic shocks that are adding to inflation pressures and delivery delays, faces the biggest test of its stamina yet. When one of China’s busiest ports announced it wouldn’t accept new export...

Govt explores crowd funding for treatment of rare diseases

by AIP Online Bureau | Jun 18, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life

  New Delhi: Union Health Minister Harsh Vardhan on Thursday chaired a high-level virtual meeting with associations representing business corporate entities and select PSUs to discuss voluntary crowd-funding for treatment and care of patients suffering from rare...

8 global reinsurers to provide £650 million cover to Lloyd’s Central Fund for 5 yrs

by AIP Online Bureau | Jun 18, 2021 | International News, Non-Life, Reinsurance

  London: Lloyd’s, the world’s leading marketplace for the underwriting of commercial, corporate and speciality risk solutions, today announced it has secured a landmark £650 million five-year cover for the Central Fund* which supports...

Working towards preparing 1 lakh frontline Corona Warriors to support healthcare system: PM Modi

by AIP Online Bureau | Jun 18, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi: Prime Minister Narendra Modi on Friday announced that the Central government is working towards preparing as many as one lakh frontline Corona Warriors in the country. The Prime Minister, while launching the customised crash course programme for...

Amid pandemic, number of people forced to flee homes has risen, says U.N.

by AIP Online Bureau | Jun 17, 2021 | Eco/Invest/Demography, Facts, Health, Pandemic

The number of people forced to flee their homes due to conflict, persecution and human rights abuses has doubled in the past decade to reach 82.4 million at the end of last year, the United Nations said on Friday. "In the year of COVID, in a year in which...

Global COVID-19 death toll exceeds 4 mln

by AIP Online Bureau | Jun 17, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

Coronavirus-related deaths worldwide passed a grim milestone of 4 million on Thursday, according to a Reuters tally, as many countries struggle to procure enough vaccines to inoculate their populations. While the number of new cases and deaths have abated in countries...

French chef seeks $1.9 million from Allianz for Covid-19 BI losses 

by AIP Online Bureau | Jun 17, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Reinsurance, Technology

  A French Michelin three-star chef is asking Allianz SE for 1.6 million euros ($1.9 million) in insurance claims for losses suffered by his restaurants during the country’s lockdowns, a person familiar with the matter said. Chef Michel Troisgros has asked...

Google must face shareholder lawsuit claiming it hid security risks ​​​​​​​

by AIP Online Bureau | Jun 17, 2021 | Eco/Invest/Demography, International News, Technology

  A U.S. appeals court on Wednesday revived a lawsuit in which shareholders of Google parent Alphabet Inc (GOOGL.O) accused the company of fraudulently concealing security vulnerabilities, including in its Google+ social network. The 9th U.S. Circuit Court of...
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