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U.N. chief urges business to take the lead on COVID-19, climate and global recovery

by AIP Online Bureau | Jan 29, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

NEW YORK: U.N. Secretary-General Antonio Guterres on Monday urged businesses to lead the way to a fair and sustainable recovery from the COVID-19 pandemic while tackling the climate crisis, adding the world had reached “a moment of truth.”Addressing a...

Dutch Court asks Shell to pay for Nigerian Oil Spills

by AIP Online Bureau | Jan 29, 2021 | Eco/Invest/Demography, International News

  A Dutch court has ordered Royal Dutch Shell Plc’s Nigerian unit to compensate for oil spills in two villages over 13 years ago. Shell Nigeria is liable for damages from pipeline leaks in the villages of Oruma and Goi, the Hague Court of Appeals said in a...

Chinese regulator emphasizes party leadership in corporate governance of banks and insurers

by AIP Online Bureau | Jan 29, 2021 | Eco/Invest/Demography, International News, Life, Non-Life

  China’s banking and insurance regulator issued draft rules on Friday in which emphasized stronger Communist Party leadership in both state-owned and private banks and insurers to contain corporate governance risks. The draft rules urged state-owned...

India’s COVID response saved over 1 lakh lives: Eco Survey

by AIP Online Bureau | Jan 29, 2021 | Disaster & Management, Eco/Invest/Demography, Health, Indian News, Pandemic

  New Delhi: India's pandemic response, focused on saving lives and livelihoods, restricted the COVID-19 spread by 37 lakh cases and saved more than 1 lakh lives, as per the Economic Survey 2020-21. The pre-Budget document tabled in Parliament on...

J&J says vaccine offers 100% protection against coronavirus deaths

by AIP Online Bureau | Jan 29, 2021 | Eco/Invest/Demography, Health, International News, Non-Life

  Johnson & Johnson’s one-shot vaccine generated strong protection against Covid-19 in a large, late-stage trial, raising hopes that it can rapidly reshape a stumbling immunisation campaign. In the more than 44,000-person study, the vaccine prevented 66...

India projects economic growth of 11% for 2021/22

by AIP Online Bureau | Jan 29, 2021 | Eco/Invest/Demography, Indian News, Pandemic

  NEW DELHI: India forecast robust economic growth of 11% for the fiscal year beginning on April 1 in its annual economic survey on Friday, on the back of the beginning of a nationwide coronavirus vaccination drive and a rebound in consumer demand. The Indian...

AXA XL makes key appointment in APAC & Europe distribution team

by AIP Online Bureau | Jan 29, 2021 | Eco/Invest/Demography, International News

  Hong Kong: AXA XL Insurance today announced it has appointed Sylvie Gleises as Head of Client Management, APAC & Europe. Ms. Gleises takes on the role in addition to her responsibilities as Global Head of Revenue Synergies. She will develop AXA XL’s...

Financial operations of FB, Google, Amazon regulated: RBI, Sebi tell HC

by AIP Online Bureau | Jan 29, 2021 | Eco/Invest/Demography, Indian News, Regulation, Technology

  New Delhi: The RBI has informed the Delhi High Court that operations of techfin firms such as Facebook, Google and Amazon in India's financial sector space are being regulated under the relevant laws and they have been permitted to function only after...

Natural Covid-19 remedy-makers conduct clinical trial

by AIP Online Bureau | Jan 29, 2021 | Eco/Invest/Demography, Facts, Health, Pandemic

  New Delhi:: The makers of two ayurvedic Coviid-19 remedies have said that the treatments have been found to work better than the standard medicines in a comparative trial. "A clinical trial was conducted in India to monitor the outcome of a combination...

OUTLOOK 2021: Regulatory challenges abound for U.S. insurers as Biden takes over, pandemic rages

by AIP Online Bureau | Jan 29, 2021 | Eco/Invest/Demography, Health, International News, Life, Non-Life, Policy, Regulation, Reinsurance

  NEW YORK: U.S. insurers need to brace for a potential increase in federal oversight and climate-related action as President Joe Biden prioritizes pandemic response and environmental action in his first year in office. Insurers will also have to prepare for a...
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