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Sebi mandates cooling-off period for directors at market infrastructure institutions
In two separate notifications dated April 30, Sebi said that a...
TikTok fined $600 million for sending EU data illegally to China
“TikTok did not address potential access by Chinese authorities to...
UK to cap price of Russian oil for any global company using its insurance, brokerage and shipping services
The insurance industry has been in limbo about whether and how the UK would follow the EU’s measures, although the expectation was that it would do so London is an important insurance market for the transport of oil. Protection and indemnity insurance covers companies...
Warren Buffett’s firm reports USD 2.7B loss on investment drop
Warren Buffett, chairman, Berkshire Hathaway Buffett has long said he believes Berkshire's operating earnings are a better measure of the company's performance because they exclude investment gains and losses, which can vary widely quarter to quarter By that measure,...
Climate change much deadlier than cancer in some places, UNDP data shows
The data shows that climate change could increase mortality rates in Faisalabad, Pakistan by near 67 deaths per 100,000 population – causing more fatalities than strokes, the country’s third leading cause of death In Riyadh, Saudi Arabia, however, higher incomes could...
Australia sees spike in cyber attacks from criminals and states
Business losses attributable to cyber crime rose on average 14% over the period, with the average crime costing a small business A$39,000 ($24,540) Cyber attacks against Australia from criminals and state-sponsored groups jumped last financial year, with a government...
Modern science and technology to address flood problem in NE region: Shekhawat
Gajendra Singh Shekhawat,Union Jal Shakti Minister ''the ministry intends to make maximum use of modern science and technology to come up with a workable solution to the age-old problem of floods in the Northeast region.'' Union Jal Shakti Minister Gajendra Singh...
China’s zero covid policy fails miserably as new cases of viruses found everyday: Report
According to Africa Daily Digital, at least 31 cities in China are under lockdown, which has affected over 232 million people's lives. The Universal Resort in Beijing too has been shut down as fresh cases of Covid are rising in the capital city Beijing: Chinese...
Govt mapping laboratories to plug critical gaps: Goyal
The government has issued 450-odd quality control orders and asked BIS along with the commerce ministry to set up a crack team to do a complete study on quality standards New Delhi: The government is mapping all laboratories in the country in a bid to plug the...
India has the largest gender wealth gap in APAC:WTW Report
In APAC, the gender wealth gap is the largest in India at 64%. The study found that one of the contributing factors for this can be the significant gender pay gaps in the country, which exceed the global average, particularly for professional and technical roles....
ESG will increasingly influence insurers’ strategies: Fitch
Large weather-related losses for property and casualty (P&C) insurers highlight increasing environmental physical risks many experts link to climate change. In response, we expect P&C (re)insurers to increase premium rates and, in some cases, pull back from...
US Fed eaises rate by 75 bps to over a decade high at 3.75-4.0% in fight against inflation
Russia's war against Ukraine is causing tremendous human and economic hardship. The war and related events are creating additional upward pressure on inflation and are weighing on global economic activity The statement added that the assessments would take into...