Tracking data shows some tankers turning around, and at least one...
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Middle East conflict: Exporters fear rise in logistics, insurance costs, impact on shipments
"Air routes are being altered, and maritime trade through the Red...
West Asia crisis: Except for far-east, all international flights from Indian airports cancelled
The DGCA on Saturday advised airlines to avoid airspaces of 11...
Fed lowers rates but sees slower pace of further cuts, firmer inflation
U.S. central bankers now project they will make just two quarter-percentage-point rate reductions by the end of 2025 WASHINGTON: The U.S. Federal Reserve cut interest rates on Wednesday and signaled it will slow the pace at which borrowing costs fall any further,...
US Cyber market-Extortion activity likely reached an all-time high in 2023, says Tokio Marine HCC
In 2024, premium rate change in the US cyber insurance market has fallen to below zero, marking the onset of a soft market. While premium growth stagnated, so did loss ratios, with a 3-point reduction in cyber market loss ratio to 41.6%. Houston, TX: Annual 2024 US...
Meta Hit with 251M Euro Fine for Facebook Data Breach
Ireland’s Data Protection Commission issued the penalties after wrapping up its inquiry into the breach, when hackers gained access to user accounts by exploiting bugs in the platform’s code that allowed them to steal digital keys, known as “access tokens.” LONDON:...
8.8 crore women screened for cervical cancer under national programme: Govt
J P Nadda,Union Health Minister Over 14 crore were screened for breast cancer and more than 26 crore for oral cancer. Among them, nearly 56,000 breast cancer cases and 1.56 lakh oral cancer cases were detected.Besides, 32.52 crore people were screened for hypertension...
Sensex tanks 1,064 points, Investors lose Rs 4.92 Lakh Cr
"Investor sentiment remained cautious ahead of the US Federal Reserve's monetary policy meeting, scheduled for Wednesday. While markets have priced in a 25 basis points rate cut, much of the focus is on Fed Chair Jerome Powell's commentary regarding future rate...
Centre sanctions Rs 1,480 crore to Uttarakhand for disaster management
Earlier, a high-level committee, headed by Union Home Minister Amit Shah, had approved Rs 1,000 crore for various disaster mitigation and capacity-building projects in 15 states. Dehradun: The Centre has sanctioned Rs 1,480 crore to Uttarakhand for disaster...
Allianz scraps proposed acquisition of Singapore’s Income Insurance, source says
Singapore's prime minister said in October that the city-state would block Allianz's bid The move would have lifted Allianz to fourth largest composite insurer in Asia, from ninth, but sparked critique in Singapore because of concerns that it would detract from a...
Malhotra exhorts staff to strive for perfection; support realisation of Viksit Bharat vision
Sanjay Malhotra,Governor,Reserve Bank of India Malhotra, who faces a slew of challenges, including the unsettling of the inflation-growth balance and the continuous pressure on the rupee, said, “Continuous improvements and kaizens (improvement)” are essential for any...
Lockton unveils new global Parametric Insurance Practice
The parametric insurance market is projected to reach $39.3 billion by 2032, according to Global Market Insights, underscoring the demand for alternative solutions to cover gaps in conventional commercial property insurance KANSAS CITY: Lockton, the world's largest...
India has 1,065 dams 50-100 years old, 224 are hundred plus: Govt
According to the National Register of Large Dams (NRLD-2023 edition), compiled jointly by the National Dam Safety Authority (NDSA) and Central Water Commission(CWC), there are 6,138 constructed and 143 under construction dams which aggregate to a total of 6,281 large...