Central banks push green finance as global warming losses rise to $160 b

With insurers shouldering a record $160 billion in climate-related losses from last year alone, a group, including 30 central banks, called for measures to spur green finance and better assessment of the risks from higher global temperatures. The move, led by the Bank of France, Bank of England and People’s Bank of China, draws the group deeper into a controversial area of policy-making, where they advocate funding for alternatives to fossil fuels. They set out a road-map for authorities to use in prodding executives and investment funds to weigh up…

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Xiaomi Seeks to Reignite Global Push With Spain Launch

HIGHLIGHTS Xiaomi will sell a range of products in its first Western Europe market It will offer the Xiaomi Mi A1 smartphone in Spain Scooters, air purifiers, and coffee makers will also be sold Chinese smartphone maker Xiaomi launched sales in Spain on Tuesday, its first foray into Western Europe as it revs up a stalled global push into other developed markets around Europe and the United States. Xiaomi will initially sell its flagship Mi A1 smartphones, priced at EUR 229 (roughly Rs. 17,200) in Spain from Wednesday as well as internet-connected products including…

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Apple Supplier Is Said to Plan India Expansion in iPhone Manufacturing Push

HIGHLIGHTS Apple supplier Wistron is reportedly looking to expand production Wistron executives are said to be looking for about 100 acres of land Wistron may use expanded facilities for other brands as well Apple’s primary iPhone assembler in India is scouting for about 100 acres of land in Bengaluru to expand its facilities for the world’s most valuable company, according to people familiar with the matter said. Wistron executives toured the city last week and have shortlisted a few parcels including one plot close to the airport, said the people, asking not to be…

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Technology push to get girls educated

The UK’s Department for International Development has announced £100m of funding to help 175,000 of the world’s poorest girls get an education. The push will include smartcards that monitor attendance and offer incentives for families to send their daughters to school. It will also deploy satellite broadband to improve connectivity in rural areas. Putting girls through school is increasingly seen as one of the best long-term ways to end poverty. International Development Minister Nick Hurd said: “It is only through making use of the latest technological innovations that we will…

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