International News

Aviation bodies seek airport slots waiver for much of 2021

Eco/Invest/Demography       Nov 26, 2020

Global aviation heavyweights led by airline body IATA are pushing to suspend airport slot access rules until October 2021, a document seen by Reuters showed, while giving some ground to budget carriers angered by measures they deem anti-competitive. The draft proposal to be issued jointly...

Action needed to spur British government-backed pandemic insurance, says project chair

Eco/Invest/Demography, Non-Life, Pandemic, Reinsurance       Nov 26, 2020

FRANKFURT/LONDON: An effort in Britain to create a government-backed pandemic insurance scheme has got bogged down in complexity and action is needed to drive it forward, the head of a committee investigating the idea said on Wednesday. Stephen Catlin, chairman of the Pandemic Re Steering...

New Zealand Prime Minister Jacinda Ardern

New Zealand's Ardern set to declare climate emergency

WELLINGTON: New Zealand Prime Minister Jacinda Ardern’s government is to declare a climate emergency in a symbolic step to increase pressure for action to combat global warming. The government will put forward a motion to declare the emergency next Wednesday, the government said as parliament...

Global coronavirus cases surpass 60 million infections 

Eco/Invest/Demography, Health, Non-Life, Pandemic       Nov 25, 2020

  The global tally of confirmed coronavirus cases hit 60 million on Wednesday, with the pace of new infections accelerating and the United States reporting record numbers of hospitalizations, according to a Reuters tally.Officials in the United States, the worst-affected country in the world, urged Americans...

SCOR CEO sees double-digit reinsurance rate rises

Eco/Invest/Demography, Non-Life, Reinsurance       Nov 25, 2020

Reinsurance rates are likely to rise in the double-digit percentage point range at key contract renewals in January, Denis Kessler, chairman and chief executive of the French reinsurer SCOR, said on Wednesday. SCOR, one of the world’s largest reinsurers, has faced large claims due to...

AIA pares coal investments, faces environment group scrutiny

  AIA Group Ltd. said it’s paring coal-related investment as financial firms globally face pressure to reduce their carbon assets. The Hong Kong-based insurer said it decided to end all direct equity investments in coal mining and coal-fired power producers earlier this year, according to an...

Fintechs seen eating into market share of established insurers, EU says

LONDON : Established insurers will face a squeeze on profits and market share as new financial technology companies muscle in on the industry, a senior European Union official said on Wednesday. More fintech firms are expected to offer insurance, helped by the impact of the...

World agonises over new COVID curbs as infections approach 60 million

Eco/Invest/Demography, Health, Pandemic       Nov 25, 2020

PARIS/BERLIN: Countries around the world agonised over new coronavirus curbs ahead of Christmas and other holidays as global infections approached 60 million on Wednesday and U.S. officials pleaded with Americans to stay home over Thanksgiving. The holiday weekend is expected to fuel a surge of...

UNICEF and IATA partner to deliver COVID-19 vaccines to over 92 countries

Eco/Invest/Demography, Health, Non-Life, Pandemic       Nov 25, 2020

  UNICEF is working with major global airlines and freight providers to step up efforts to deliver COVID-19 vaccines to over 92 countries around the world as soon as vaccines become available. To kickstart preparations, UNICEF together with the Pan American Health Organization (PAHO) and the...