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China asks state-owned firms to phase out use of Big four auditing firms over data security

by AIP Online Bureau | Feb 24, 2023 | Eco/Invest/Demography, International News, Risk Management

China is seeking to rein in the influence of the US-linked global audit firms and ensure the nation’s data security, as well as to bolster the local accounting industry, the people said. . Chinese authorities have urged state-owned firms to phase out using the four...

Shipping industry steps up calls to free seafarers still trapped by Russia’s war

by AIP Online Bureau | Feb 24, 2023 | International News, Non-Life, Reinsurance

In the weeks after the war began, some 2,000 crew members were caught in the crossfire on ships in the Black Sea and the Sea of Azov. Safe corridors helped reduce that number in the months that followed. But the total remaining stands at an estimated 331 seafarers on...

New Zealand needs to rebuild for weather resilience, PM says

by AIP Online Bureau | Feb 24, 2023 | Disaster & Management, Eco/Invest/Demography, International News

Prime Minister Chris Hipkins said there had been a nine-fold increase in government spending in the 2021-22 fiscal year on helping farmers cope with floods, storms and drought. The number of weather events that require emergency road work more than doubled from an...

Chile readies major earthquake insurance with World Bank

by AIP Online Bureau | Feb 24, 2023 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life

“The insurance would allow Chile to receive pre-established compensation payments, in the event of certain high intensity parameterized seismic events that cause material damage to the country and public finances,” the ministry said in a statement Chile is finalizing...
Investors’ wealth plunges Rs 8.30 lakh crore in 6 trading sessions

Investors’ wealth plunges Rs 8.30 lakh crore in 6 trading sessions

by AIP Online Bureau | Feb 24, 2023 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

Foreign Institutional Investors (FIIs) offloaded shares worth Rs 1,417.24 crore on Thursday, according to exchange data “The domestic market is broadly demonstrating a lack of confidence, registering its sixth consecutive day of losses despite global markets...
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