Insurance industry sources said that war risk premiums had risen to...
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India’s CEOs see inflation, cyber risks as top threats in next 12 months: PwC Report
Health risks rank highly on the list of concerns faced by CEOs in...
Problem of cybercrime troubling everyone, policing system needs to be reformed: HC
The high court, which listed the matter for further hearing on...
Mumbai most expensive city in India for expats, ranks 19th in Asia: Survey
Mumbai is the most expensive among Indian cities surveyed, followed by New Delhi (101st globally) and Chennai (143rd globally).Bengaluru (171) and Kolkata (185) are the least expensive Indian cities in the rankings, the survey said.
Job outlook bleakest in 15 yrs,Just 5 pc of India Inc bullish on hiring in Jul-Sep qtr: Survey
“Corporate India is rationalising its workforce in response to the economic slowdown. It is indeed a wait-and-watch game as organisations are gearing up for the post-lockdown era where they anticipate an upsurge in demand,” said Sandeep Gulati, Group Managing Director of ManpowerGroup India.
Covid-19 impact: Airlines expected to lose $84.3 bn in 2020, says IATA
“Financially, 2020 will go down as the worst year in the history of aviation. On average, every day of this year will add $230 million to industry losses. In total that’s a loss of $84.3billion,” said Alexandre de Juniac, IATA’s Director General and CEO, in a statement.
Asian companies at higher risk of default this year: data
“We expected the pick-up in default rates to be mostly amongst smaller companies who already had a stretched liquidity profile and less access to alternative funding channels,” said Alaa Bushehri, head of emerging market debt at BNP Paribas Asset Management.
Munich Re’s ERGO to acquire 24.9% stake in Chinese P/C Insurer
China has been one of the insurer’s most important strategic markets for about 15 years, said ERGO noting that it founded its Chinese travel insurance and health service company in 2005 and in 2013 formed ERGO China Life, its life insurance joint venture with the state-owned company Shandong Asset Investment Holdings Co. Ltd. In 2019, ERGO launched the regional headquarters of ERGO China.
Coronavirus Situation “Worsening” Worldwide: WHO
After East Asia, Europe became the epicentre of the disease, but has now been overtaken by the Americas.
“Although the situation in Europe is improving, globally it is worsening,” WHO chief Tedros Adhanom Ghebreyesus told a virtual news conference in Geneva.
Eelectric Cars:Emerging risks and claims scenarios for manufacturers,suppliers and insurers
“From supply chain networks to production processes to the product itself – the automotive industry will have to respond to many emerging risks to make the transition to electric vehicles happen,” says Daphne Ricken, Senior Underwriter Liability at AGCS. “The anticipated growth of electric cars brings the prospect of new defect or performance issues; more expensive repair costs; new fire and cyber threats; and even reputational issues around sustainable sourcing and disposal of critical components and raw materials for batteries.”
IBM gets out of facial recognition business
The company will stop offering facial recognition software and oppose any use of such technology for purposes of mass surveillance and racial profiling, Krishna said.
Health Ministry drafts rules to help COVID-19 patients access new drugs
According to a gazette notification of the draft rules published on June 5, a hospital or medical institution may import new drug for “compassionate use for treatment of patients suffering from life threatening disease or disease causing serious permanent disability or disease requiring therapy for unmet medical need”, which has not been permitted in the country, but under Phase-III clinical trial (human trial) in the country or abroad, by making an application to the Central Drug Regulator.
New Zealand says coronavirus ‘eliminated’ and life can resume without restrictions
There were no active cases in New Zealand for the first time since the virus arrived in late February, the health ministry said. New Zealand has reported 1,154 infections and 22 deaths from the disease.
New Zealand vowed to eliminate, not just contain, the virus. This means stopping transmission for an extended period after the last known case is cleared, while being ready to quickly detect and isolate any new cases including from abroad.