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NYDIG raises $100 million, to focus on bitcoin-driven innovation in P&C industry

by AIP Online Bureau | Apr 9, 2021 | Uncategorized

  NEW YORK: NYDIG, a leading provider of technology and investment solutions for Bitcoin, today announced it had raised $100 million of additional growth capital from strategic partners including property and casualty (P&C)-focused insurers Starr Insurance,...

Third of Antarctic ice shelf area at collapse risk due to global warming: Study

by AIP Online Bureau | Apr 9, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

  New Delhi: Over a third of the Antarctic's ice shelf area may be at risk of collapsing into the sea if global temperatures reach four degrees Celsius above pre-industrial levels, according to a study. The research, published in the Geophysical Research...

Odisha makes COVID-19 negative report mandatory for entry into state

by AIP Online Bureau | Apr 9, 2021 | Eco/Invest/Demography, Facts, Health, Non-Life, Pandemic

  Bhubaneswar: Considering resurgence in COVID cases, the Odisha government Thursday made it mandatory for people coming to the state by train, bus, aeroplane, waterways or in private vehicles to produce RT-PCR negative report obtained within 72 hours of the...

India reports a record 131,968 new COVID-19 infections

by AIP Online Bureau | Apr 9, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  NEW DELHI: India reported 131,968 new COVID-19 infections on Friday, a record increase for a third straight day, data from the health ministry showed. Deaths rose by 780 to a total of 167,642. With an overall tally at 13.06 million, India’s overall...

After Facebook, LinkedIn faces massive 500 mn users’ data leak: Report

by AIP Online Bureau | Apr 9, 2021 | Eco/Invest/Demography, International News, Non-Life, Workplace/Employee Benefits

  New Delhi: While people are yet to digest the huge Facebook data leak of 533 million users (including 6.1 million Indians), Microsoft-owned professional networking platform LinkedIn is now facing a massive data leak of 500 million users that is allegedly being...

SBI drags feet on loan to Adani firm for controversial Australian coal mine

by AIP Online Bureau | Apr 9, 2021 | Banking & Bancassurance, Climate, Environment, Renewable Energy, Indian News

  Mumbai: India’s largest bank hasn’t decided whether to help finance an Australian coal mine following mounting pressure from climate activists and investors, including BlackRock Inc. Two senior State Bank of India executives, who asked not to be...

AIA Group establishes AIA Variable Capital company in Singapore

by AIP Online Bureau | Apr 9, 2021 | Eco/Invest/Demography, International News, Life

Singapore: AIA Group Limited has established AIA VCC, a Variable Capital Company in Singapore as part of its group wide investment programme to facilitate capital deployment globally. The Investment Manager of AIA VCC is AIA Investment Management Private Limited...

India to review COVID-19 vaccines after blood clot warning – report

by AIP Online Bureau | Apr 8, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi  A government panel of experts is investigating for any domestic cases of blood clotting, even mild ones, as a side effect of the two COVID-19 vaccines being administered in India, media reported on Friday, citing two people aware of the...

Australia regulator proposes exposure limits of life insurers to offshore reinsurers

by AIP Online Bureau | Apr 8, 2021 | International News, Life, Reinsurance, Risk Management

  Australia’s insurance regulator on Thursday proposed to limit the exposure of life insurers to offshore reinsurers, given its lack of oversight of foreign players. The Australian Prudential Regulation Authority (APRA) said it was starting a consultation...

Reinsurers set to bear brunt of costs for Suez Canal grounding

by AIP Online Bureau | Apr 8, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

  LONDON:  Reinsurers are set to foot most of the bill for the grounding of the ship that halted traffic in the Suez Canal, industry sources said, with payouts expected to run into hundreds of millions of dollars. International supply chains were thrown into...
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