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World Bank Pandemic Bond losing value, facing criticism as Coronavirus spreads

by AIP Online Bureau | Feb 20, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  World Bank bond designed to deliver funding to help the world’s poorest countries to tackle fast-spreading diseases has lost half its value as the coronavirus outbreak in China has fanned fears that investors could face hefty losses.   After the...

UK watchdog to scrutinise how companies, auditors calculate climate risk

by AIP Online Bureau | Feb 20, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

LONDON: Britain’s financial accounting watchdog plans to review how companies and auditors assess and report the impact of climate change on their businesses, as investors push for better disclosure of the risks.   Climate change has surged to the top of...

Round-the-clock power supply via renewable-thermal bundling: Draft policy

by AIP Online Bureau | Feb 20, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News

  New Delhi: The Ministry of New and Renewable Energy has proposed a draft policy for the supply of round-the-clock (RTC) power to distributors through a mix of renewable energy and electricity generated in coal-based plants.   Addressing the issues of...

Trump’s India visit: Westinghouse, NPCIL to sign pact for nuclear reactors

by AIP Online Bureau | Feb 20, 2020 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

  US energy firm Westinghouse is expected to sign a new agreement with state-run Nuclear Power Corporation of India for the supply of six nuclear reactors during U.S. President Donald Trump's visit next week, officials said, aiming to kickstart a long-running...

Raising insurance coverage to 90pc to help cut exporters” cost: SBI chief

by AIP Online Bureau | Feb 20, 2020 | Eco/Invest/Demography, Indian News, Non-Life

  Mumbai: Facing difficulties in making recoveries from exporters, SBI Chairman Rajnish Kumar on Thursday called for changing the way export finances are done and suggested that enhancing the insurance coverage to 90 per cent can help reduce exporters' cost...

Google users in UK to lose EU data protection due to Brexit: Report

by AIP Online Bureau | Feb 20, 2020 | Eco/Invest/Demography, International News, Technology

Google is planning to move its British users' accounts out of the control of European Union privacy regulators, placing them under U.S. jurisdiction instead, sources said.   The shift, prompted by Britain's exit from the EU, will leave the sensitive...

Google updates terms in plain language after EU scrutiny

by AIP Online Bureau | Feb 20, 2020 | Eco/Invest/Demography, International News, Technology

San Francisco: Google is attempting to make sure people know exactly what they're signing up for when they use its online services though that will still mean reading a lengthy document.   The company updated its terms of service on Thursday its largest...

Axis bank may pick up 20%-30% stake in Max Life

by AIP Online Bureau | Feb 20, 2020 | Banking & Bancassurance, Indian News, Life

  Mumbai: Axis Bank, Max Financial Services Limited (MFS) and its subsidiary Max Life Insurance Company Limited (Max Life) today signed a confidentiality and exclusivity arrangement to explore the possibility of Axis Bank picking up 20 per cent -30 per...

Chubb’s Scott Gunter is appointed CEO of AXA XL

by AIP Online Bureau | Feb 20, 2020 | International News, Non-Life, Reinsurance

  London: AXA today announced the appointment of Scott Gunter, previously Senior Vice President of Chubb Group and President of Chubb’s North America Commercial Insurance division, as CEO of AXA XL. He will replace Greg Hendrick, who has decided to...

Coronavirus: Fear of global outbreak mounts as passengers start leaving the quarantined cruise ship

by AIP Online Bureau | Feb 19, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  TOKYO/HONG KONG : Japan started to let passengers leave a cruise ship placed under quarantine despite criticism it hadn’t done enough to prevent the new coronavirus spreading from the vessel that has the most infections of any place in the world outside...
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