Largest ever trial of shorter working week posts findings

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Workers from a range of professions, from office workers to social service providers, reduced their work week from 40 hours to 35 or 36 hours as part of the project, while receiving the same pay. Research on the trials by UK think-tank Autonomy and Iceland’s Association for Sustainable Democracy (Alda) found that after the trials, trade unions “achieved permanent reductions in working hours for tens of thousands of their members across the country.”

About 86% of Iceland’s working population has now either moved to a shorter work week or has gained the right to shorten their working hours, according to

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Great Eastern provides complimentary COVID-19 cover for all Singapore residents

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Great Eastern has introduced the GREAT Covid Care Plan, a complimentary post-vaccination product available to all residents of Singapore.

This follows the Singapore government’s announcement that it will treat COVID-19 as an endemic disease, meaning that the virus is always present in a certain population or region.

The free coverage will provide a cash payout of SG$200 per day of hospitalisation, up to a total of SG$2,000, in case the policyholder is hospitalised due to COVID-19 even after being vaccinated. The coverage, which is valid for 12 months, includes hospitalisation both in Singapore and abroad.

According to Great Eastern, this

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Digital lenders must adopt better payment services to succeed

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A new wave of digital-first lenders is opening up access to loans and investment capital for Europe’s SMEs, a trend which could lead to an economic revolution.

Digital lenders must adopt better payment services to succeed

In a new white paper, Johan Strand, CEO at Zimpler, argues that these digital lenders need enhanced payment services to fulfil their mission.

In our first blog, I argued that Europe’s SMEs deserve better ways to pay and be paid given their status as the backbone of our economies.

But there’s another, equally important, emerging business segment that also needs access to better payments

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Report – which industries have become harder to insure after pandemic?

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EIOPA said that future pandemics and lockdowns were “new potential sources of correlated defaults across industries,” which has led to a seismic shift in how trade credit insurers measure risk. They “may therefore see much higher credit risk in these industries than previously modelled,” the report said. “This could lead to permanently lowered coverage in these sectors.”

Governments around the world enacted trade credit insurance backstops during the pandemic to stop insurers from pulling coverage from businesses in the middle of the crisis, The Financial Times noted. As the economic outlook dimmed, European trade credit insurers slashed their overall exposure

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