Global Economy
Global Financial Regulators Seek Coordinated Efforts to Prepare for Climate Change Risks
The world's top financial regulators want to coordinate efforts to prepare for potential risks from climate change as authorities still lack common standards for assessing what could be one of the ...
Wildfire Risks Worsen With Record High Temperatures Hitting Nordic Region and Arctic Circle
Record-high temperatures from Canada to Scandinavia and intense wildfires flaring up from California to Russia's Far East are adding to extreme weather events recorded at the start of the summer in ...
The Insurance Industry’s Diversity Quest: One Size Does Not Fit All
In the wake of massive protests last year focused on racial equity and social justice, insurers are among the many industries confronting the need to incorporate more diversity into their hiring and ...
Finance Envisioned to Help EU Achieve Climate Neutral Continent
Europe plans to funnel hundreds of billions of euros into sustainable investments each year through EU banks and markets to create the first "climate-neutral continent" by 2050. The European Union's ...
Ransomware Attack on U.S. IT Firm Slammed Up to 1,500 Businesses
Between 800 and 1,500 businesses around the world have been affected by a ransomware attack centered on U.S. information technology firm Kaseya, its chief executive said on Monday. Fred Voccola, the ...
Experts Warn Companies Struck by REvil Ransomware Attack Could Take Weeks to Recover
Computer systems of several companies across the world, including 800 physical grocery stores of Sweden's Coop, that were shut down after attacked by REvil ransomware could take weeks to recover, ...
Coronavirus Positive: Pandemic Led to Greater Societal Understanding of Systemic Risks
As horrible as the coronavirus pandemic has been, it has led to greater societal understanding of systemic risks, and that's a good thing, a Lloyd's of London executive asserted recently. "The ...
Indian Fintech Startup Digit Is Raising $200M to Boost Insurance Customer Reach
Indian fintech startup Digit boosted its valuation to $3.5 billion in a fresh funding round, gaining capital for its effort to win insurance customers via mobile technology. The company is raising ...