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G7 to counter China’s BRI with big infrastructure project: US official

by AIP Online Bureau | Jun 12, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

The Group of Seven will seek to rival China's multi-trillion-dollar Belt and Road initiative on Saturday by announcing a global infrastructure plan to help developing nations, a senior official in U.S. President Joe Biden's administration said. The G7 is...

Ships skip Singapore as China congestion snarls supply chain

by AIP Online Bureau | Jun 12, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

  Supply Lines is a daily newsletter that tracks trade and supply chains disrupted by the pandemic. Sign up here. Delays from congestion at southern Chinese ports triggered by fresh Covid-19 outbreaks are rippling through global supply chains, threatening to...

Climate activism: US oil pipeline terminated

by AIP Online Bureau | Jun 12, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life

  TC Energy Corp. has ended its 16-year quest to build the Keystone XL oil pipeline, a controversial cross-border project that became a litmus test for climate activism and was blocked by President Joe Biden. Calgary-based TC Energy said in a statement it had...

Brazilian judge orders Vale to pay victims’ families in 2019 mining disaster

by AIP Online Bureau | Jun 12, 2021 | Disaster & Management, International News, Non-Life, Risk Management

  BRASILIA: A regional labor judge has ordered Brazilian miner Vale SA to pay 1 million reais ($197,240) in compensation to each of the families of 131 employees killed in the collapse of a mining dam in 2019. The disaster in Brumadinho, Minas Gerais state,...

Deloitte sued over alleged role in Singapore trader collapse

by AIP Online Bureau | Jun 12, 2021 | International News, Risk Management

  A failed oil trader in Singapore that owes creditors more than $3.5 billion is suing Deloitte & Touche LLP, alleging the auditing firm failed to detect “serious irregularities” in its financial statements for more than a decade. Deloitte audited...

Floods threaten financial system, Denmark says in climate report

by AIP Online Bureau | Jun 12, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Risk Management

  Denmark’s central bank warned rising waters pose a threat to the financial system as property used as collateral against bank loans may be worthless in coming years, amid increasing damage by climate change to the country’s 5,000 mile-long...

CoWIN hack and data leak is baseless: Govt

by AIP Online Bureau | Jun 12, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic, Technology

  New Delhi: Govt dismisses claims of CoWIN system hack, says rumours of data leak are ‘baseless’New Delhi: The government on Saturday dismissed the claims of hacking of the Co-WIN system and data leak as “baseless”. In a statement, the...

Policybazaar gets insurance broking licence from IRDAI

by AIP Online Bureau | Jun 12, 2021 | Indian News, Intermediaries, Life, Non-Life, Technology

, New Delhi: Leading web aggregator Policybazaar on Friday said it has got approval from regulator IRDAI to undertake insurance broking, a development that will help the company augment business and expand bouquet of services. This will allow the company to venture...

No new thermal power project planned for Maha: Minister

by AIP Online Bureau | Jun 12, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News

  Aurangabad: While the cost of thermal power generation has come down, there will not be any new thermal power project in Maharashtra, state energy minister Nitin Raut said on Friday. Speaking to reporters in Aurangabad, Raut said the state plans to generate...

IMA to hold country-wide protest on June 18 against assault of doctors

by AIP Online Bureau | Jun 12, 2021 | Health, Indian News, Non-Life, Policy, Risk Management

  New Delhi: The Indian Medical Association will hold a protest on June 18 against the assault on doctors, with the slogan of 'save the saviors'. In a statement, the apex medical body asked all its state and local branches across the country to observe...
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