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SoftBank-backed Lemonade raises $319 million in IPO

by AIP Online Bureau | Jul 2, 2020 | Eco/Invest/Demography, Intermediaries, International News, Life, Non-Life, Technology

  New York: Shares of Lemonade, an online insurance company backed by SoftBank Group Corp,more than doubled in its Thursday market debut to reach a $3 billion market cap.    Shares closed $138.79% higher. The company’s stock opened at $50.06 after...

Brazil military hand out masks to protect isolated Amazon tribes

by AIP Online Bureau | Jul 1, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health, Pandemic

BOA VISTA: Soldiers handed out masks to barefooted Yanomami indigenous people including body-painted warriors carrying spears and bows and arrows on Wednesday on the second day of a military operation to protect isolated tribes from COVID-19.The Yanomami are the last...

Fauci, CDC chief raise concerns about full airline flights

by AIP Online Bureau | Jul 1, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

Washington: The US government's top experts in infectious diseases have criticised American Airlines' decision to pack flights full while the coronavirus outbreak continues to grow across much of the United States.   "Obviously that is something that...

Huge acceleration of clean energy innovation needed to meet net zero target: IEA

by AIP Online Bureau | Jul 1, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

LONDON: A global goal to achieve net zero carbon emissions by 2050 will not be met without a huge acceleration in clean energy innovation, the International Energy Agency (IEA) said on Thursday.   The 2015 Paris Agreement set a target to curb global warming and...

Millions at risk in Bangladesh as monsoon floods add to coronavirus worries

by AIP Online Bureau | Jul 1, 2020 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

  DHAKA: Hundreds of thousands of people in Bangladesh have been marooned and thousands of hectares of farmland submerged, officials said on Wednesday, as floods triggered by monsoon rains ravage the country already grappling with the coronavirus.  ...

Emerging market inflows increase ninefold in June -IIF

by AIP Online Bureau | Jul 1, 2020 | Eco/Invest/Demography, Facts

NEW YORK: Portfolio inflows to emerging markets jumped to $32.1 billion in June from $3.5 billion in May, the bulk of it in debt securities, the Institute of International Finance said on Wednesday.   Debt flows accounted for $23.5 billion of total, while Chinese...

From Parkinson’s to peanut allergy, pandemic puts brakes on new drugs

by AIP Online Bureau | Jul 1, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Pandemic, Risk Management

  Treatments for peanut allergy and Parkinson’s disease are among U.S. drug launches that have been postponed by the COVID-19 pandemic as drugmakers struggle with disruptions to business, a Reuters review of filings and interviews with executives show....

Second fatal NLC India boiler blast in 2 months kills at least six

by AIP Online Bureau | Jul 1, 2020 | Indian News, Non-Life, Risk Management

  CHENNAI: A boiler blast on Wednesday at lignite miner and electricity generator NLC India’s plant in the southern Tamil Nadu state killed at least six people, a company official and local police said, the second deadly boiler explosion in two months....

G Srinivasan panel to study suitability of Surety Bond issuance by Indian insurers

by AIP Online Bureau | Jul 1, 2020 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management

Hydearbad: Prodded by the the Ministry of Road Transport and Highways((MORTH) the segment regulator IRDAI, on Wednesday, has formed a panel under G. Srinivasan, director, National Insurance Academy, to assess the suitability of the Indian insurance industry...

BoE to review climate impact of corporate bond-buying after COVID crisis

by AIP Online Bureau | Jul 1, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Risk Management

LONDON: Bank of England Governor Andrew Bailey said the British central bank would look at introducing climate change considerations when deciding which corporate bonds it buys once the coronavirus crisis has eased.The BoE has been targeted by climate change...
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