International News

Chubb enhances Cyber incident response capabilities globally

Non Life-News       Jun 26, 2018

  Singapore:  Chubb on Tuesday announced that it has enhanced its cyber incident response management capabilities and launched two new ways of accessing the service: a mobile application and a dedicated website.   As the threat of cyber risks facing commercial enterprises increases, Chubb has expanded its...

Brexit Bill Becomes Law, Allowing UK To Leave The EU

Economy       Jun 26, 2018

  BRITAIN: A bill enacting Britain's decision to leave the European Union has become law after months of debate, the speaker of parliament announced on Tuesday to cheers from Conservative Party lawmakers. Speaker John Bercow said the EU (Withdrawal) Bill, which repeals the 1972 European Communities...

Protecting the Planet from Asteroids, Comets

Risk Management       Jun 25, 2018

  New York: The U.S. government is stepping up efforts to protect the planet from incoming asteroids that could wipe out entire regions or even continents.   The National Science and Technology Council released a report last week calling for improved asteroid detection, tracking and deflection. NASA...

Asia accounts for 50% of global populace but only constitutes 30% of world GDP

Economy       Jun 25, 2018

  Mumbai: Asian countries need to come together to improve their infrastructure connectivity to increase their GDP share in the global economy. At a panel discussion held as part of the third Annual Meeting of the Asian Infrastructure Investment Bank (AIIB) on Monday, D.J. Pandian, Vice...

AIIB to invest $200 mn into NIIF Fund of Funds for Infra Projects in India

Economy       Jun 24, 2018

  Mumbai:  The Asian Infrastructure Investment Bank (AIIB) is likely to invest $200 million in a fund of funds set up by India to take interest in infra projects, a top government official said on Sunday.   Economic affairs secretary SC Garg said there will be a...

Dr. Atul Gawande will lead the joint health-care venture between Amazon, J.P. Morgan and Berkshire Hathaway,

Surgery, not pharma, is biggest healthcare cost worry in US: Gawande

Health       Jun 22, 2018

  Dr. Atul Gawande, a surgeon who was named this week to head the company being formed by Amazon, Berkshire Hathaway and JPMorgan Chase to trim employee healthcare costs, on Thursday cited surgery as the single biggest U.S. healthcare cost and said there are ways to...

India to be lone economy facing suppressed wages by 2030, says study

Economy       Jun 21, 2018

  India would be the only economy that will not face an upward revision of wages by 2030, as it has a talent surplus, bucking the global trend of a talent crunch, a report noted.   "Unlike any other country in the study India will have a...

MHP, KUKA and Munich Re develop SmartFactory as a Servisolutions for future of manufacturing 

Technology       Jun 21, 2018

  Munich: MHP, KUKA and Munich Re presented SmartFactory as a Service for the first time on 20 June 2018 in Munich – and with it a new business model that has the potential to revolutionise automotive manufacturing processes in the future. The three companies are...

Young Consumers Willing to Let Insurers Spy on Digital Data – If It Cuts Premiums

Technology       Jun 20, 2018

  The majority of people globally between 18 and 34 would be willing to let insurance companies dig through their digital data from social media to health devices if it meant lowering their premiums, a survey shows.   In the younger group, 62 percent said they’d be...