Amidst a surge of extreme weather events across Canada, Built Green Canada is stepping up to offer support for builders and municipalities seeking to rebuild sustainably. The organization provides certification programs that promote healthier, more durable, and climate-resilient homes, offering financial incentives to those rebuilding after disasters like wildfires and flooding.
When Mount Vesuvius erupted in 79 A.D., the ancient cities of Pompeii and Herculaneum were buried under ash and rock. While popular culture often depicts the eruption as an apocalyptic event with no survivors, new archaeological evidence reveals that many people managed to escape the disaster. These survivors went on to rebuild their lives in surrounding communities, fostering social and economic networks with other escapees. Some families even went on to thrive in their new homes, establishing successful businesses and contributing to the development of their adopted cities. The response of the Roman government, which provided funding and infrastructure for displaced populations, is a model for post-disaster recovery that remains relevant today.
Despite pledges of $3.36 billion in international and local flood relief funding, Pakistan has only disbursed 29.4% as of May, hindering recovery efforts. Punjab boasts 100% financial progress, while Balochistan lags with only 1.7% utilization. The floods, affecting 33 million people, caused widespread damage to water systems and infrastructure, leaving millions reliant on contaminated water. Pakistan, ranked 5th most vulnerable to climate change, faces increasing risks of extreme weather events, according to a UN report.
The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) have announced a special live trading session on May 18 for equity and equity derivative segments. This session aims to test the preparedness of these markets in case of major disruptions at the primary site. The session will feature a switch from the primary site to the disaster recovery site and will include changes to trading hours, circuit limits, and price bands.
The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will hold a special live trading session on May 18, 2024, to test their readiness and resilience in case of disruptions. The session will involve an intra-day switch from the primary site to the disaster recovery site across equity and equity derivative segments.
The purpose of this session is to assess the participants’ preparedness to handle significant disruptions or failures at the primary site. During the session, all securities, including those with derivative products, will have a maximum price band of 5%. The price band applicable at the primary site at the start of the day will also apply at the disaster recovery site.
The special live trading session will take place in two parts: from 9:15 AM to 10:00 AM and from 11:30 AM to 12:30 PM. The BSE has requested trading members to note this schedule and be prepared for the session.
