International News

Covid-19 has killed about as many Americans as the 1918-19 flu

Eco/Invest/Demography, Health, Non-Life, Pandemic       Sep 21, 2021

  Covid-19 has now killed about as many Americans as the 1918-19 Spanish flu pandemic did — approximately 675,000. And like the worldwide scourge of a century ago, the coronavirus may never entirely disappear from our midst. Instead, scientists hope the virus that causes Covid-19 becomes...

US President Joe Biden

Biden sanctions cryptocurrency exchange over ransomware attacks

Policy, Regulation, Risk Management, Technology       Sep 20, 2021

WASHINGTON, Sept 21:- The Biden administration on Tuesday will unveil sanctions against a cryptocurrency exchange over its alleged role in enabling illegal payments from ransomware attacks, officials said, part of a broader bid to crack down on the growing threat. The Treasury Department accuses Suex...

Investment consultants advising $10 trln in assets launch climate initiative

LONDON: Twelve investment consulting firms, together responsible for advising pension funds and insurers on $10 trillion in assets, launched the Net Zero Investment Consultants Initiative, the consultants said on Monday. The consultants are making commitments, endorsed by the UN’s Race to Zero campaign, towards the...

UN climate talks: Faint progress on money, none on pollution

  Washington, Sept 21: Opening pocketbooks wider to fight climate change? That's looking slightly more doable. Closing more smokestacks for the same goal? Not yet sold. World leaders made “faint signs of progress” on the financial end of fighting climate change in a special United Nations...

 World's richest 500 lose $135 bn as Evergrande concerns spark market rout

Sept 21: A global rout in stock markets sparked by concerns over China Evergrande Group hit the world’s biggest fortunes Monday, with the richest 500 people losing a combined $135 billion. Tesla Inc.’s Elon Musk led the declines as his world-leading net worth fell $7.2...

Brit launches machine learning algorithm to enable faster claims response to catastrophe events

Non-Life, Reinsurance, Risk Management       Sep 20, 2021

  London, Sept 21: Brit Ltd announced the creation and successful proof of concept launch of a proprietary machine learning algorithm designed to accelerate the identification of post catastrophe property damage, based on the use of ultra-high-resolution imagery. This proof of concept is being used by...

Robert Wiest, CEO,MS Amlin AG

MS Amlin AG appoints Robert Wiest as CEO

Non-Life, Reinsurance       Sep 20, 2021

Zurich: MS Amlin AG (MS AAG), the global reinsurer, today announces the appointment of Robert Wiest as Chief Executive Officer (CEO). Wiest will take up the role on 03 January 2022 and will be based in Zurich, Switzerland. Robert Wiest brings over 30 years of...

World Bank and Sri Lanka sign agreement to strengthen Climate Resilience

  COLOMBO, Sept 21 The Government of Sri Lanka and the World Bank signed a $92 million financing agreement for the Climate Resilience Multi-Phased Program Phase I Project. This project is expected to benefit around 11.2 million people across the country by modernizing the weather, flood,...

Antonio Guterres, secretary-general, United Nations

Running out of time: UN report shows Earth on catastrophic path

UN: The secretary-general of the United Nations on Friday excoriated members for choosing a “catastrophic pathway” on climate change that is leading to a “massive loss of lives and livelihoods.” Antonio Guterres, a former Portuguese prime minister who’s led the UN since 2017, responded to...

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