International News

Canada Energy firm gets nod to keep insurers’ names confidential

  TC Energy Corporation is the latest Canadian pipeline company allowed to keep its insurers confidential as activist groups push firms to drop business with the fossil fuels industry. The Canada Energy Regulator ruled that the names of TC Energy’s insurers are “commercial information” and the...

EU launches health crisis body to prepare for future pandemic

BRUSSELS, Sept 16: The European Commission launched on Thursday a health crisis body that will coordinate EU spending of almost 30 billion euros ($35.3 billion) to prepare for a future pandemic. The new health emergency preparedness and response authority (HERA) will assess potential health threats,...

Allianz Partners expands its Digital Health Assistant to ten markets in Asia-Pacific

Health, Non-Life, Technology       Sep 15, 2021

Beijing: Responding to a growing demand for digital health services, Allianz Partners first launched the new comprehensive telehealth offering in Europe earlier this year. Supported by a partnership with MyDoc, this integrated virtual health assistant is now available in the following markets: Singapore, Chinese Mainland,...

Asia supercharges vaccination efforts after slow start, U.S. lags

Eco/Invest/Demography, Health, Non-Life, Pandemic       Sep 15, 2021

  TOKYO/SINGAPORE, Sept 16: everal Asian nations are quickly ramping up vaccination campaigns from shaky starts to combat growing COVID-19 infections, as supply shipments roll in and people overcome hesitancy in hopes of easing curbs and freeing up travel. Japan and South Korea have passed the...

UK COVID-19 business insurance payouts top one billion pounds -watchdog

Non-Life, Regulation, Reinsurance       Sep 15, 2021

  LONDON: Small companies in Britain, which demanded that their insurers cover claims for losses accrued during the COVID-19 pandemic, have received more than one billion pounds ($1.4 billion) in full and interim business interruption payouts to date. Businesses ranging from restaurants to nightclubs and wedding...

Total market cap of listed InsurTechs surpasses $22 billion in 2020:Capgemini Report

Health, Life, Non-Life, Technology       Sep 15, 2021

  Paris, September 16: Capgemini and Efma’s World InsurTech Report 2021, published today, reveals that InsurTechs and BigTech players are leveraging significant capital inflows to boost technological development and fuel innovation, turning up the heat on incumbent insurers. New age digital players are offering greater personalization...

U.N. says world likely to miss climate targets despite COVID pause in emissions

The pace of climate change has not been slowed by the global COVID-19 pandemic and the world remains behind in its battle to cut carbon emissions, the United Nations said on Thursday. The virus-related economic downturn caused only a temporary downturn in CO2 emissions last...

Most agricultural funding distorts prices, harms environment: UN report

UN: Around 87% of the $540 billion in total annual government support given worldwide to agricultural producers includes measures that are price distorting and that can be harmful to nature and health. That is the main finding of a new UN report calling for repurposing...

EU pledges extra 4 billion euros in international climate finance

The European Union on Wednesday pledged to increase financial support to help poorer countries fight climate change and adapt to its impacts, and called on the United States also to step up. "We will now propose an additional 4 billion euros for climate finance until...

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