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Climate change: regional impact

This is how climate change may affect the world's regions this century, as forecast in a major report published by UN scientists Monday. The report is part of the fifth overview on global warming by the Intergovernmental Panel on Climate Change (IPCC) since 1988. The document identifies each region's key challenges; options for addressing them; and level of risk from warming of either 2 C (3.6 F) or 4 C (7.2 F) by 2100 compared to pre-industrial levels. This risk is calculated on the basis of present policies for adapting to climate change. AFRICA

Japan GPIF asset review not aimed at supporting domestic stocks: report

TOKYO (Reuters) - The head of Japan's $1.26 trillion public pension fund, the world's largest, said a review of asset allocations into stocks is not aimed at supporting domestic share prices, the Asahi newspaper reported on Tuesday. Takahiro Mitani, president of the Government Pension Investment Fund (GPIF), also told the newspaper that he is not uncomfortable about lowering holdings of Japanese bonds to a certain extent, given low debt yield conditions in Japan.

S. Korea should stay alert for risks including U.S. tapering: minister

SEJONG, Jan. 14 (Yonhap) -- South Korea should "stay alert" for risk factors such as the U.S. tapering, the finance minister said Tuesday, pointing out that the impact of such a move could be "more serious" for the Korean economy than last year. "It is said that the global economy is getting better, and there could be such optimism," Finance Minister Hyun Oh-seok said during a luncheon meeting with reporters. "However, when it comes to risks, we should rather keep our eyes wide open.

Disaster strikes are actually helping drive Asia's insurance industry

Asia's vulnerability to natural disasters is helping drive the insurance industry in the region, an international conference in Singapore heard Wednesday. Rising affluence resulting from strong economic growth and the region's expanding ranks of the elderly are the two other major factors expected to boost the industry, Singapore's central bank chief told the conference.

Hannover Re 'on track' to meeting full-year targets

German reinsurer Hannover Re said Tuesday it is "well on track" to achieving its full-year target after a positive third quarter and first nine months. "Hannover Re expressed considerable satisfaction with the development of its business in the first nine months of the year," the group said in a statement.

Australia's highest court rules against compensation for bureaucrat injured while having sex

CANBERRA, Australia - Australia's highest court on Wednesday denied worker's compensation to a bureaucrat who was injured while having sex in her hotel room on a business trip in a final decision reversing lower court rulings. The 4-1 decision from the High Court said the woman's employer did not induce or encourage her to participate in the activity, so the federal government insurer, Comcare, was not liable to compensate her. The lower court said the woman was injured in the course of her employment and should be compensated.

Factbox: Projects from U.S. House water bill

(Reuters) - The U.S. House of Representatives passed the Water Resources Reform and Development Act of 2013 on October 23, in an overwhelming 417-3 bipartisan vote, a novelty in an age of division. The U.S. Senate has passed a similar measure, but with some differences, which will have to be ironed out if the measure is to become law. The bill authorizes about $8 billion in projects across the country, but funds must still be appropriated in separate bills before anything can be spent.

Co-operators Insurance reports $37.9 million loss due to Toronto flood

GUELPH, Ont. - Co-operators General Insurance Company (TSX:CCS.PR.C) reported a $37.9-million loss in its latest quarter due to a massive freak flood in Toronto last July. The Guelph, Ont.,-based firm said Thursday that the loss compared with a profit of $12.6 million in the same three-month period ended Sept. 30, a year earlier. The loss amounted to $2.02 per common share for the third quarter versus a profit of 46 cents in the same quarter of 2012.

US pepper spray officer awarded compensation

A former US campus policeman who was sacked for pepper spraying students at a peaceful protest has been awarded $38,000 in compensation, more than the students received, a spokesman said Thursday. John Pike claimed he suffered depression and anxiety after receiving death threats and thousands of abusive emails following the 2011 incident at the University of California (UC) Davis campus, a video of which went viral online.

Manitoba labour group calls for higher fines for suppression of injury claims

WINNIPEG - The Manitoba Federation of Labour wants a crackdown on employers who pressure workers not to report an injury. Some employees are being told to stay quiet and return to work while hurt because companies with low rates of reported injuries pay lower workers compensation premiums, federation president Kevin Rebeck said Tuesday. "People are intimidated or people feel pressure from their coworkers not to report an injury so that their workplace looks good."
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