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Protracted closure of Hormuz may lead to a wave of disputes: CFOs
“We expect a lot of financial disputes and a lot of force majeure,”...
FM meets heads of banks on AI risks following concerns over Anthropic’s Mythos
The meeting chaired by the Finance Minister deliberated on various...
Future Cars: Automakers design multisensory stress-reduction features for well-being of drivers
“True luxury now extends beyond aesthetics and performance,” says Bart Herring, vice president of sales and product at Mercedes-Benz USA. “It’s about the overall well-being for drivers and passengers.” The Lincoln Nautilus sports the same constellation grille, rounded...
Hackers target Australia’s major pension funds, steal savings from the biggest fund
AustralianSuper, the country’s largest fund managing A$365 billion for 3.5 million members, said that up to 600 member passwords had been stolen to access accounts and attempt fraud Hackers targeting Australia’s major pension funds in a series of coordinated attacks...
Govt tightens biosecurity rules as bird flu spreads beyond poultry
Animal Husbandry and Dairying Secretary Alka Upadhyaya chaired a high-level meeting where officials agreed on a three-pronged strategy to tackle the crisis.The approach includes implementing stricter hygiene practices and biosecurity protocols at poultry farms to...
ED conducts raids in Jharkhand Ayushman Bharat ‘fraud’ case, MD India, Safeway, Medi Assist under scanner
The ED, agency sources said, suspects that "proceeds of crime" were generated through systematic "fraud" within the Ayushman Bharat scheme through "manipulation" of hospital empanelment and processing of "fake" claims facilitated by a "nexus" demanding commissions and...
Govt appoints IRDAI’s Randip Jagpal and EPFO’s Sanjay Pandey as Members of PFRDA
Earlier in the week, the government appointed Deputy CAG S Ramann as Chairperson of PFRDA for a five-year term New Delhi: The government, on Thursday, has appointed Randip Singh Jagpal, executive director at IRDAI, and Sanjay Pandey, financial adviser and chief...
Global cyber insurance market to reach $ 16.3bn in 2025,says Munich Re
Thomas Blunck, CEO, Reinsurance, Munich Re: “As digitalization advances, cyber protection against one of the biggest threats to economy and society is becoming more and more important. And yet, a large number of organizations lack adequate safeguards and coverage....
Chinese military conducts large-scale drills around Taiwan
China considers Taiwan a part of its territory, to be brought under its control by force if necessary, while most Taiwanese favor their de facto independence and democratic status. Any conflict could bring in the U.S., which maintains alliances in the region and is...
Developing countries’ climate targets at risk without enough finance from developed world India
Together, BRICS nations account for 47 per cent of the world’s population and contribute around 36 per cent of global GDP in purchasing power parity terms. By 2050, BRICS will play a key role in the energy sector, with 54 per cent of global oil production, 53 per cent...
Announcements by US to have substantial implications for global trade: WTO DG
"While the situation is rapidly evolving, our initial estimates suggest that these measures, coupled with those introduced since the beginning of the year, could lead to an overall contraction of around 1 per cent in global merchandise trade volumes this year,...
Fitch cuts China’s credit rating on rising debt, weakening finances
"The downgrade reflects our expectations of a continued weakening of China's public finances and a rapidly rising public debt trajectory during the country's economic transition," Fitch said in a statement Global ratings agency Fitch on Thursday downgraded China's...