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U S stocks, real U S bond yields slip as Fed meets; China tremors

U S stocks, real U S bond yields slip as Fed meets; China tremors
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

British homes, businesses unprepared for climate change, Aviva says

Reuters 2 minute read Two children stand on a partially flooded street after the River Ouse burst banks in York, Britain, January 22, 2021. REUTERS/Lee Smith LONDON, July 21 (Reuters) - British insurer Aviva (AV.L) called on Wednesday for urgent action from policymakers, developers and insurers to protect homes and businesses from the impact of climate change, saying most were ill-prepared to handle extreme weather. It said more than 570,000 new homes had been built since 2016 that would not be resilient to future high temperatures and more than 70,000 had been built since 2009 on flood plains. A cultural shift is needed to better understand the risks from extreme weather and prepare for its impacts, said Adam Winslow, chief executive of Aviva UK & Ireland General Insurance.

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