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Allianz scraps nuclear, military exclusions to back Europe’s rearmament drive

Allianz scraps nuclear, military exclusions to back Europe’s rearmament drive

by AIP Online Bureau | Apr 1, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

AGI wrote to its clients late last week to advise that its sustainable funds could now buy into companies that earned more than 10% of their revenue from military equipment and services. Germany’s Allianz Global Investors has dropped two exclusions blocking its...

Over 13 lakh electric 2-wheeler 3W sold in FY25: Govt

by AIP Online Bureau | Apr 1, 2025 | Data, Eco/Invest/Demography, Technology

“In the Financial Year 2024-25, a total of 11,49,334 electric two-wheelers (e-2W) were sold, reflecting a 21 per cent increase compared to 9,48,561 units sold in FY 2023-24. Similarly, the sales of electric three-wheelers e-3W (L5) reached 1,59,235 units in FY...
Oracle Corp.’s computer systems hacked to extort multiple medical providers in US

Oracle Corp.’s computer systems hacked to extort multiple medical providers in US

by AIP Online Bureau | Apr 1, 2025 | Eco/Invest/Demography, Health, Intermediaries, Technology

“Available evidence suggests the threat actor illegally accessed the environment by using stolen customer credentials,” the company said in the notice. Oracle said it became aware of the breach around Feb. 20 Hackers broke into Oracle Corp.’s computer systems...
US court allows investor lawsuit against Musk over Twitter purchase

US court allows investor lawsuit against Musk over Twitter purchase

by AIP Online Bureau | Apr 1, 2025 | International News, Technology

Elon Musk A Manhattan federal judge on last Friday said investors can move forward with claims that Musk committed securities fraud by failing to make timely disclosures to the US Securities and Exchange Commission, posting “misleading tweets about Twitter’s future”...

Japan estimates feared megaquake could cause $1.8 trln in damage, kill 300,000 people

by AIP Online Bureau | Apr 1, 2025 | Disaster & Management, Eco/Invest/Demography, International News, Risk Management

Japan is one of the world’s most earthquake-prone countries, and the government sees about an 80% chance of a magnitude 8 to 9 earthquake along a tremulous seabed zone known as the Nankai Trough. TOKYO: Japan’s economy could lose as much as $1.81 trillion...
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