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Moody’s predicts massive insured losses in US Winter Storm,White House says Texas winter storm likely due to climate change

by AIP Online Bureau | Feb 19, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

  WASHINGTON: Snow, ice and some of the most frigid temperatures in decades in the southern United States will produce insured losses “in the billions of dollars,” Moody’s said in new commentary released on Feb. 17. Texas was particularly...

It is official: U.S. back in the Paris climate club

by AIP Online Bureau | Feb 19, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Risk Management

WASHINGTON: The United States officially rejoined the Paris climate agreement on Friday, reinvigorating the global fight against climate change as the Biden administration plans drastic emissions cuts over the next three decades.Scientists and foreign diplomats have...

U.K. to set up Green Finance hubs to support banks and insurers to invest in renewables

by AIP Online Bureau | Feb 19, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Risk Management

  The UK will set up green finance hubs in Leeds and London as part of efforts to encourage lenders and insurers to invest in renewable energy and sustainable agriculture. The two cities will host the new UK Centre for Greening Finance and Investment, which will...

Air pollution kills thousands in megacities despite COVID lockdowns

by AIP Online Bureau | Feb 19, 2021 | Eco/Invest/Demography, Health, International News

Air pollution caused tens of thousands of deaths in the world's five most populous cities last year despite coronavirus lockdowns, researchers said on Thursday, urging governments to ditch fossil fuels and invest in a green recovery. Environmental campaign group...

Elon Musk says bitcoin is slightly better than holding cash

by AIP Online Bureau | Feb 19, 2021 | Eco/Invest/Demography, Facts, Health

Elon Musk says bitcoin is slightly better than holding cash(Reuters) – Tesla Inc CEO Elon Musk on Thursday said that owning bitcoin was only a little better than holding conventional cash, but that the slight difference made it a better asset to hold....

Researchers urge delaying Pfizer vaccine’s second dose as first highly effective

by AIP Online Bureau | Feb 19, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Risk Management

 The second dose of Pfizer Inc’s COVID-19 vaccine could be delayed in order to cover all priority groups as the first one is highly protective, two Canada-based researchers said in a letter published in the New England Journal of Medicine. The vaccine had...

Swiss Re records larger-than-expected annual loss,eyes 2021 recovery from pandemic fallout

by AIP Online Bureau | Feb 19, 2021 | International News, Non-Life, Reinsurance

FRANKFURT: Swiss Re swung to a larger-than-expected annual loss on Friday, pressured by $3.9 billion in claims and reserves related to the coronavirus pandemic, but declared a dividend as the reinsurer expects a return to profit in 2021. Swiss Re and its competitors...

Ayurveda economy has seen up to 90 pc growth post-COVID: Harsh Vardhan

by AIP Online Bureau | Feb 19, 2021 | Uncategorized

  New Delhi: The Ayurveda economy has witnessed up to 90 per cent growth after the COVID-19 pandemic, as Ayurveda has gained global acceptance, Union Health Minister Harsh Vardhan said on Friday. The sector has also witnessed a significant surge in export as well...

UK’s supreme court rejects Uber appeal, says drivers are workers

by AIP Online Bureau | Feb 19, 2021 | Eco/Invest/Demography, International News, Technology, Workplace/Employee Benefits

London: The UK Supreme Court ruled Friday that Uber drivers should be classed as workers" and not self employed, in a decision that threatens its business model and holds broader implications for the so-called gig economy. The Supreme Court's seven judges...

Bitcoin nears $1 trillion market value as crypto jump tops stocks, gold

by AIP Online Bureau | Feb 19, 2021 | Eco/Invest/Demography, International News

Bitcoin is closing in on a market value of $1 trillion, a surge that’s helping cryptocurrency returns far outstrip the performance of more traditional assets like stocks and gold. The largest token has added more than $415 billion of value in 2021 to about $956...
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