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Established in 1831, Generali is present in 50 countries around the world with total premium income of more than €69.7 billion ($85.2 billion) in 2019 To mark this occasion and leave a tangible and lasting recognition of the bond between the company and the regions where it was born and has prospered, Generali announces Fenice 190, a €3.5 billion ($4.2 billion) investment plan to support the recovery of the European economies impacted by COVID-19, starting in Italy, France, and Germany and to then targeting all European countries in which Generali operates throughout the five years of the plan. Fenice 190 will make the extraordinary initiatives launched in 2020 to tackle the effects of the pandemic permanent, which included investments in support of small- and medium-sized enterprises (SMEs) and the real economy already surpassing the established objective of €1 billion ($1.2 billion). The more than 70,000 employees of Generali will play a leading role in celebrating the … [Read more...] about Generali launches Fenice 190 to support sustainable recovery from COVID-19

Vietnam needs over US$128 billion for power investment next 10 years A drone is used to inspect a power transmission system in Vietnam. The country will need an estimated US$128.3 billion for developing the power system in the next decade The Institute of Energy, under the Ministry of Industry and Trade, on February 22 continued to collect feedback over the plan from the relevant agencies. According to the plan, during the 10-year period, Vietnam will need to pour some US$12.8 billion on average into the power sector per year. The total investment for the following 15 years from 2031 to 2045 will be some US$192 billion, including some US$140 billion for power sources and US$52 billion for the grid. The draft zoning plan also revealed that Vietnam will continue to import electricity from China, Laos and Cambodia in the next 10 years. The State-run Vietnam Electricity Group is purchasing electricity from China through two 220kV power lines, with 1.5 billion kWh of … [Read more...] about VIETNAM BUSINESS NEWS FEB. 26

New US President Joseph R. Biden was sworn in with his wife Jill Biden by his side, photo: AFP Last Wednesday many Americans breathed a sigh of relief as Joe Biden was sworn in as the 46th US President without any further incident from those who believe the election was “stolen” from former President Donald Trump. Instead of attending the ceremony as is tradition, Trump and his family took one last trip on Air Force One to Florida, where he will be based until the former reality TV star decides whether to run for president again in 2024 – or perhaps even endorse a family member for the post. Alongside Biden, Kamala Harris was sworn in as vice-president, becoming the first woman in American history – as well as the first woman of African-American and South Asian descent – to take on the role. “Few people in our nation’s history have been more challenged or found a time more difficult than the time we’re in now,” Biden said in his inauguration speech. He vowed to dedicate … [Read more...] about Domestic strife dampens US foreign policy

US President Joe Biden(C) leaves Holy Trinity Catholic Church in the Georgetown neighborhood of Washington,DC on January 24, 2021. Joe Biden has begun his presidency with sharp breaks from Donald Trump in both substance and tone, from climate change to immigration to a general openness to working with the rest of the world.(Nicholas Kamm / AFP) Biden will also on Monday extend the ban to travelers who have recently been to South Africa amid warnings that new, more transmissible coronavirus variants are already establishing themselves in the United States, the official said, confirming US media reports. The new president last week tightened mask wearing rules and ordered quarantine for people flying into the United States, as he seeks to tackle the country's worsening coronavirus crisis. Biden has said that the Covid-19 death toll would likely rise from 420,000 to half a million next month -- and that drastic action was needed. "We're in a national emergency. It's time we … [Read more...] about Biden to reinstate Covid travel bans: White House official

But every day, even in the cold of the northern winter, he stands by the front door of his house to gaze at the forest with pride and happiness. The trees were all planted by him and his family over 50 years, and his life has been dedicated to growing and protecting them. Cao belongs to the Dao ethnic group, and lives in Tan Dan Commune in Ha Long Town of Quang Ninh Province, home to the world-famous bay. Trieu Tai Cao at his home in Ha Long in Quang Ninh Province. Photo by VnExpress/Minh Cuong. The Dao used to be nomadic, felling forests to meet their temporary land needs for cattle and crops before moving on. It was not until 1968 that they started to settle. By then Cao had started thinking about growing trees. He began to look around for seedlings of valuable timber trees such as ironwood, shorea and apitong. Between 1970 and 1980 he and his family planted those and other trees on 32 hectares (80 acres). They faced a lot of challenges in protecting the … [Read more...] about Man spends decades growing trees, says bequest to future generations