International News

Iranian hackers found way into Encrypted Apps, Researchers say

Iranian hackers, most likely employees or affiliates of the government, have been running a vast cyberespionage operation equipped with surveillance tools that can outsmart encrypted messaging systems — a capability Iran was not previously known to possess, according to two digital security reports released Friday....

Covid-19 may lead to decline in life expectancy globally, study finds

Eco/Invest/Demography       Sep 19, 2020

  The COVID-19 pandemic could cause a short-term decline in life expectancy in the severely affected areas of the world, unless the spread of the disease is contained, according to a study. The research, published in the journal PLOS ONE, examined the impact of COVID-19-related deaths...

Businesses call on U.S. insurers to ditch fossil fuel underwriting

A group of about 60 American businesses on Thursday urged their insurers to stop providing coverage to and investing in fossil fuel producers. In a letter, companies including outdoor-gear producer Patagonia and ice-cream maker Ben & Jerry's, a unit of Unilever , called on U.S....

Insurers should pay quickly after UK pandemic ruling: Watchdog

Eco/Invest/Demography, Non-Life, Pandemic, Reinsurance       Sep 18, 2020

London: Britain’s markets watchdog said on Friday it was “critical” that insurers pay valid claims in full at the earliest possible date, following a High Court ruling on business interruption insurance. London judges ruled that some of the world’s biggest insurers were wrong to reject...

Weekly coronavirus cases top 300,000 in Europe, WHO issues warning

Eco/Invest/Demography, Health, Pandemic       Sep 18, 2020

  The number of weekly coronavirus cases in Europe topped 300,000 last week – higher than during the first peak in March – triggering grave warnings from health experts. Speaking at a press briefing on Thursday, the World Health Organisation's European director Dr Hans Kluge warned...

Russia approves 1st COVID-19 prescription drug for sale In pharmacies

Eco/Invest/Demography, Health       Sep 18, 2020

Moscow: Russia has approved R-Pharm's Coronavir treatment for outpatients with mild to moderate COVID-19 infections and the antiviral drug could be rolled out to pharmacies in the country as soon as next week, the company said on Friday. Coronavir's approval as a prescription drug follows...

SWIFT announces a new strategy for instant, frictionless payments and securities processing

  Mumbai: SWIFT, one of the largest financial messaging systems in the world,today announced that over the next two years and beyond it will fundamentally transform payments and securities processing, retooling cross-border infrastructure as part of a new strategy approved by its Board to enable the...

Generali GC&C appoints new head of underwriting in Asia

Non-Life       Sep 17, 2020

  Hong Kong: Generali Global Corporate & Commercial (GC&C) has appointed Brendan McDonald as Head of Underwriting for Asia with effective from 1st August.,Based in the Hong Kong, Generali’s regional headquarters,Brendan is responsible for driving growth and underwriting excellence across Asia. . He will  report to...

Global economic recovery may take five years, World Bank chief economist says

Eco/Invest/Demography, Health, Pandemic       Sep 17, 2020

  MADRID: The global economic recovery from the crisis originated by the coronavirus pandemic may take as much as five years, the World Bank's chief economist Carmen Reinhart said on Thursday. "There will probably be a quick rebound as all the restriction measures linked to lockdowns...

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