SIWO Global News 7th October 2018 #173

Knowledge is Wealth

(For sharing, discussing, liking, praying and comments)

Women in Senior Roles In British Industry- Dame Inga Beagle is Lloyds of London Chief Executive

Among  the institutions in the City of London, Lloyds of London is probably the oldest in London.  The firm was established in 1688 to insure the country’s vast and lucrative shipping industry.   In 2014 the first ever female Chief Executive was appointed. Due to Brexit, there is going to be a new office in Belgium, so that in Post-Brexit era Lloyds can continue to give their customers in Europe the service they are used to.  Europe contributes to Lloyds 15% of the company’s business and so to transfer the contracts to the Belgium office makes sense and will ensure the continuity of their business relationship.

It has taken many years for women to make inroads into Lloyds, in 1969 it had the first female investor and in 1973 the first female was allowed to on the trading floor.  Dame Inga joined the company in the 1980s as an underwriter. She left after seven years because she wasn’t sure it was the job for her.  Travelling round the world gave her a break and also reinvigorated her to get back into insurance.

On Climate Change and its effects on the Insurance industry, Dame Inga says billions of pounds has been paid because of the many natural disasters.  The problem with countries that are experiencing these disasters is that, many people don’t have  insurance and therefore individuals have to sort out putting their lives back together on their own, which is difficult and governments use taxes to generate the funds to cope with the repairs and reconstruction of damaged homes and infrastructure.

World Movement Of Christian Workers- World Day Of Action For Decent Work/Basic Income

(World Movement of Christian Workers (WMCW) continues working for the globalisation of justice and solidarity, and against the “globalisation of indifference”. )  WMCW states workers cannot have a decent life because their wages are not enough to live on, there is no stability of employment, the working conditions are terrible and the work they do causes illnesses and the workers rights to have a union is denied.  Child labour is a huge problem.

In the south, the workers do informal work and with the uncertainty of work and pay therefore without decent work escaping poverty is impossible.  There is food and education insecurity.  Access to healthcare  for prevention and treatment of diseases and insurance to guarantee protection in illness and old age all necessary for a decent life.  The systems in the capitalist world of the countries in the north impose on the poorer countries in the south.  Decent work is an issue on the agenda of the International Labour Organisation founded 100 years ago, UN includes ‘decent work’ as an objective in its ‘2030 Agenda for Sustainable Development’.  WMCW joins the International Trade Union Confederation (ITUC) to celebrate 7th October as “World Day for Decent Work”.

Inspirational Story/Quote

Matthew 20:25

“But Jesus summoned them and said, “You know that the rulers of the Gentiles lord it over them, and the great ones make their authority over them felt.”

Pope Francis says, “No to an economy of exclusion and inequality,” because: “Such an economy kills”. (Evangelli gaudim, 53)

#SIWO GNEWS #173

Content- BBC News     mmtc.inform.com

SIWO Reporter: Susanna Dziworshie

Be Careful  Be Joyful   Be Peaceful

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