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Sanctions are finally starting to bite Moscow’s oil supply chain
Indian oil refiners — Moscow’s second-biggest customers after China...
Apple, Google, Meta targeted in EU’s first Digital Markets Act probes
The European Union law, effective from March 7, aims to challenge...
Cisco ordered to pay $1.9 billion in U.S. patent lawsuit, plans appeal
The payout includes an $1.89 billion award, reflecting $755.8 million in actual damages suffered by privately held Centripetal multiplied by 2.5 to reflect Cisco’s “willful and egregious” conduct, plus prejudgment interest.
Despite shift, energy giants fall short of U.N. climate goals: study
No company was set to meet the United Nations-backed Paris Agreement’s long-term goal of limiting global warming to “well below” 2 degrees Celsius above pre-industrial levels by reducing carbon emissions to net zero,
“Some (companies) might have made bigger statements so far than the others and the important thing is the direction of travel. But none of them are making net zero yet,” Bill Hartnett, stewardship director of ESG Investment at Aberdeen Standard Investments, a TPI member. told Reuters.
U.S. Supreme Court takes up energy companies’ appeal over climate damage lawsuit
The U.S. Supreme Court on Friday agreed to hear an appeal by energy companies including BP PLC, Chevron Corp, Exxon Mobil Corp and Royal Dutch Shell PLC contesting a lawsuit by the city of Baltimore seeking damages for the impact of global climate change.
SCOR to strengthen regional focus,carves out “APAC Emerging Market’ to be headed by India’s Mukul K
“This has led us to create a new position of P&C Regional Head – of EMEA and the Americas respectively – on top of our existing APAC organization, and to re-organize the reinsurance teams into four different regions with more homogenous client needs, i.e. Europe, North America, APAC Mature markets, and Fast-Growth markets.” said SCOR Global P&C CEO Jean-Paul Conoscente ,
APAC Emerging Markets,that excludes SCOR’s operations in Japan, South Korea & ANZ, will be led by Mukul Kishore, who continues as the CEO of SCOR’s India branch operations
One in 10 may have caught COVID, as world heads into ‘difficult period’: WHO
“Our current best estimates tell us about 10% of the global population may have been infected by this virus. It varies depending on country, it varies from urban to rural, it varies depending on groups. But what it does mean is that the vast majority of the world remains at risk,” Ryan said. “We are now heading into a difficult period. The disease continues to spread.”
Recovery in domestic air passenger traffic continues in Sept: Icra
The average number of passengers per flight during September was 98, as against an average of 133 passengers per flight in September 2019, said Shah, adding, therefore, it is expected that the domestic industry operated at a passenger load factor (PLF) of about 63 per cent in the previous month as against 85.5 per cent in September 2019
Plastic pandemic: COVID-19 trashed the recycling dream
Plastic, most of which does not decompose, is a significant driver of climate change.
The manufacture of four plastic bottles alone releases the equivalent greenhouse gas emissions of driving one mile in a car, according to the World Economic Forum, based on a study by the drinks industry. The United States burns six times more plastic than it recycles, according to research in April 2019 by Jan Dell, a chemical engineer and former vice chair of the U.S. Federal climate committee.
New Reality: Securing “Intangible Assets”
Advancements in cyber-attacks and corporate espionage, along with increasing uncertainty in the business environment have pushed many organisations towards introducing stricter processes to protect confidential and proprietary intangible assets from threats such as intellectual property trademark and copyright infringements, data piracy and appropriation of trade secrets.
Many organizations’ approach their reputation challenges in a reactive way after an adverse event occurs. However, it’s important to understand that risk management depends on proactive reputation management. Negative publicity stemming from mismanagement or inadequate preparation can cause significant reputational damage.
Govt scraps requirement of min 7 year continuous service for enhanced family pension
Further, the family of armed forces personnel who died within 10 years before October 1, 2019, without completing continuous service of seven years, would be getting the enhanced ordinary family pension,
Must protect world against weaponisation of artificial intelligence: PM Mod
Speaking at the Raise 2020 conference, he said AI has a big role to play in sectors like agriculture, creating next generation urban infrastructure and making disaster management systems stronger.