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Red Sea, Black Sea and Panama Canal: UNCTAD raises alarm on global trade disruptions

Red Sea, Black Sea and Panama Canal: UNCTAD raises alarm on global trade disruptions

by AIP Online Bureau | Jan 29, 2024 | Eco/Invest/Demography, International News, Risk Management

The Suez Canal, a critical waterway connecting the Mediterranean Sea to the Red Sea, handled approximately 12% to 15% of global trade in 2023. UNCTAD estimates that the trade volume going through the Suez Canal decreased by 42% over the last two months Geneva: The...
Mutual funds’ collects Rs 63,854 cr through NFOs in 2023

Mutual funds’ collects Rs 63,854 cr through NFOs in 2023

by AIP Online Bureau | Jan 29, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

”The trend towards the financialisation of assets in India is unmistakable. Aligned with changing consumption behaviours and a need for a higher standard of living, investors recognise the importance of long-term investing,” Asset management companies...

Howden appoints Mike Baker as Chief Client Officer in Asia

by AIP Online Bureau | Jan 29, 2024 | Briefs, Intermediaries, Non-Life, Reinsurance, Risk Management

Howden today announced the appointment of Mike Baker as Chief Client Officer in Howden Asia with immediate effect.Baker will be based in Singapore and will report to Goh Chye Huat, CEO, Howden Asia. Baker’s role is to further develop with complex risk requirements...

Germany is launching a six-month trial of 4-day work week from Feb 1

by AIP Online Bureau | Jan 29, 2024 | Eco/Invest/Demography, Health, International News, Policy, Workplace/Employee Benefits

A six-month programme starting from Feb 1 will grant a day off every week for hundreds of employees while keeping them on full pay. The study aims to find out if labour unions are right that it could not only leave staff healthier and happier, but also more...

Hong Kong court orders property firm China Evergrande to liquidate after plan for $300B debt fails

by AIP Online Bureau | Jan 29, 2024 | Eco/Invest/Demography, International News, Risk Management

China Evergrande Group is one of the biggest of a series of Chinese developers that have collapsed since 2020 under official pressure to rein in surging debt the ruling Communist Party views as a threat to China’s slowing economic growth Hong Kong: A Hong Kong...

GenAI to contribute $100 bn in healthcare savings in Asia-Pacific by 2025

by AIP Online Bureau | Jan 29, 2024 | Data, Eco/Invest/Demography, Health, Technology

“With the advent of GenAI and the need for consumerization of care, the next five years are set to be the defining period for the healthcare sector, and we are currently at the starting point of this exciting journey,” said Manoj Vallikkat, senior research manager,...

Red Sea route accounts for 50% India’s exports, 30% of imports: Report

by AIP Online Bureau | Jan 28, 2024 | Data, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management

The Shanghai Northern Europe container freight rates have risen by over 300 per cent to USD 6,000-7,000/TEU) since November 2023 The impact of the ongoing crisis around the Red Sea shipping route, which accounts for 50 per cent of the country’s exports and 30...
Ram temple in Ayodhya can withstand once-in-2,500-year quake: Scientists

Ram temple in Ayodhya can withstand once-in-2,500-year quake: Scientists

by AIP Online Bureau | Jan 28, 2024 | Disaster & Management, Indian News, Risk Management, Technology

“The scientific study was done to ensure the structural safety of the temple for the Maximum Considered Earthquake, equivalent to a 2,500-year return period, The entire superstructure has been constructed using Bansi Paharpur sandstone, embodying a dry jointed...
“Actors falling ill, sets collapsing…”: Subhash Ghai on what made him introduce insurance policy in Bollywood

“Actors falling ill, sets collapsing…”: Subhash Ghai on what made him introduce insurance policy in Bollywood

by AIP Online Bureau | Jan 28, 2024 | Banking & Bancassurance, Features, Non-Life, Risk Management

Subhash Ghai “They(bank) provided banking facilities on our name and introduced insurance policies called Mukta Cine(Cine Mukta) policy. It’s not just about Mukta policy; it signifies a positive change in the industry.” Mumbai: Subhash Ghai, the...
Hike in incidents of compromising govt, high-profile persons’ social media accounts: CERT-In

Hike in incidents of compromising govt, high-profile persons’ social media accounts: CERT-In

by AIP Online Bureau | Jan 28, 2024 | Eco/Invest/Demography, Indian News, Risk Management, Technology

”Recent trends have shown an increase in incidents where scammers and threat actors take over social media accounts of high-profile personalities, official government accounts and enterprise accounts,” CERT-In, the national technology arm to combat cyber...
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