Raw Video: Typhoon Rammasun Hits the Philippines

July 16 (Bloomberg) -- At least five people were killed as Typhoon Rammasun, the strongest storm to make landfall in the Philippines this year, lashed Manila, shutting schools, offices and financial markets and knocking out power across most of the capital. Here is footage of the storm's wrath.

Financial Firms Must Address Climate Change Now: Nesbitt
29:27 - The president and CEO of the Global Risk Institute is warning the financial industry that nobody is doing enough - not banks, insurers or pension funds - to preemptively protect themselves from the physical impact of climate change and the public policy that comes with it. In an interview with Bloomberg TV Canada's Amanda Lang, former CIBC CEO Richard Nesbitt says firms not only have a duty to come up with a plan, but also could find investment and financing opportunities in climate change. (Source: Bloomberg)
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