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India ranks 93rd among 180 countries in Global Corruption Index 2023: Report
"Countries with continued high scores, such as New Zealand (3) and...
Cold snap helps India’s wheat crop but warm weather forecasts pose risk
Although India's fertile plains have seen a chilly winter, a lack...
Bajaj Auto unions demand factory halt after 250 workers catch COVID-19
Workers and union leaders say Bajaj has taken steps to ensure social distancing on the factory floor and in its cafeteria, besides arranging separated seating on its buses and providing masks and sanitisers for staff. But they say this is not enough.
WHO urges focus on first wave of coronavirus
WHO officials emphasised mask-wearing, social distancing, and hygiene by individuals, along with contact-tracing and tracking of cases by health authorities as key strategies to fight the virus.
Traffic at India’s major ports falls 20% in June quarter due to coronavirus lockdowns
The handling of major types of shipments such as crude oil, coal and containers fell, except for iron ore and fertilizers, the data showed.
Germany is first major economy to phase out coal and nuclear power
The plan is part of Germany’s ‘energy transition’ – an effort to wean Europe’s biggest economy off planet-warming fossil fuels and generate all of the country’s considerable energy needs from renewable sources.
Achieving that goal is made harder than in comparable countries such as France and Britain because of Germany’s existing commitment to also phase out nuclear power by the end of 2022.
Audi, EnBW to turn electric car batteries into grid support tools
Electric vehicle battery recycling and reuse has become a priority for car and battery makers while renewable energy companies face the problem of how to absorb surpluses of wind and solar power to avoid waste and disruption to the stability of grids, slowing the transition to purely carbon-free energy systems.
In highest single-day spike,nearly 23k test positive for COVID; death toll rises to 18,655 in India
Govt launches ‘Swachh Survekshan 2021’ states also to be ranked
The survey will categorise cities on the basis of six indicator-wise performance criteria — segregation of waste into wet, dry and hazard categories; processing capacity against wet waste generated; processing and recycling of wet and dry waste; construction & demolition (C&D) waste processing; percentage of waste going to landfills; and sanitation status of cities.
Big South African insurers face $232 million in claims from 500 virus-hit firms
Loss adjustment firm Insurance Claims Africa (ICA) is pushing a host of big South African insurers including Santam , Old Mutual, Hollard and HIC Underwriting Managers to make payouts under business interruption policies sold to its clients.They are firms in the hospitality and tourism industry now on the cusp of closure after virus restrictions brought their businesses to a standstill.
Ryan Woolley, ICA CEO, told journalists on Wednesday that its calculations showed the claims by the firms ICA is representing amounted to between 3.5 billion rand and 4 billion rand, though it had offered the relevant insurers reduced amounts to settle the matter.
Wirecard exposes Big 4 accounting lapses
The Big Four have each developed lucrative advisory arms to compete with McKinsey & Co. and other firms to provide the opportunity for revenue growth and brand building that accounting doesn’t. However, regulators say that creates an inherent conflict of interest and encourages the auditors to be restrained in their audits to protect consulting opportunities.
Allianz CEO sees business recovery in 2021 after coronavirus impact
Allianz may need a third less office space in the long term, he said. Travel costs could be cut by half. The company’s life insurance segment has held up despite the lack of personal contact between advisors and customers during the crisis. “You will be surprised how well business is developing”, said CEO Oliver Baete