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Govt forms panel under SBI chief Setty to assess Mythos-related risks: Sitharman

Govt forms panel under SBI chief Setty to assess Mythos-related risks: Sitharman

by AIP Online Bureau | Apr 24, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

Nirmala Sitharaman,Union Finance Minister There will be a lot of interaction among banks over the next few weeks to understand the threats and also look at the areas where additional investments will be required, Sitharaman said. She said all this while, the system...
Microsoft must face $2.8 billion UK lawsuit over cloud computing licences

Microsoft must face $2.8 billion UK lawsuit over cloud computing licences

by AIP Online Bureau | Apr 24, 2026 | Eco/Invest/Demography, International News, Technology

Competition lawyer Maria Luisa Stasi is bringing the case on behalf of nearly 60,000 businesses that run Windows Server on rival cloud platforms. Her lawyers have ​previously said the claim was worth up to 2.1 billion pounds ($2.8 ​billion). LONDON: Microsoft must...
World facing “biggest energy security threat in history”: IEA chief Fatih Birol

World facing “biggest energy security threat in history”: IEA chief Fatih Birol

by AIP Online Bureau | Apr 23, 2026 | Eco/Invest/Demography, Risk Management

Fatih Birol ,executive director,International Energy Agency The core of the current disruption remains the Strait of Hormuz, a primary maritime artery that previously facilitated the transport of 20 million barrels of oil and petroleum products daily. The passage is...
PwC pays $166 million to settle HK Evergrande audit probe

PwC pays $166 million to settle HK Evergrande audit probe

by AIP Online Bureau | Apr 23, 2026 | Eco/Invest/Demography, International News, Regulation, Risk Management

PwC “turned a blind eye” to Evergrande’s fraud, the Chinese securities regulator has said. PricewaterhouseCoopers LLP agreed to pay HK$1.3 billion ($166 million) in fines and compensation to settle investigations into its auditing work for the collapsed property giant...
Goldman Sachs settles shareholder lawsuit over Malaysian 1MDB scandal

Goldman Sachs settles shareholder lawsuit over Malaysian 1MDB scandal

by AIP Online Bureau | Apr 23, 2026 | Banking & Bancassurance, Eco/Invest/Demography, International News, Risk Management

Goldman agreed in 2020 to pay $2.9 billion in penalties and have a Malaysian unit admit criminal wrongdoing to settle 1MDB probes by the U.S. Justice Department and other authorities. Goldman Sachs has agreed to settle a class-action lawsuit accusing the Wall Street...
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