The startup earlier in the day was also hit by outages on its...
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Auditors get tougher guidelines on judging firms’ environmental claims
The move by the International Auditing and Assurance Standards...
Generali Global Corporate & Commercial forays into India, to deliver customised insurance solutions to corporates
Rob Leonardi, Regional Officer, Generali Asia, said: “India has...
Fake reviews on e-commerce sites under Govt’s radar
The screening results underlines that at least 55 per cent of the websites violate the unfair commercial practices directive of the EU, which requires truthful information to be presented to consumers to make an informed choice The consumer affairs ministry along with...
UK’s Sunak extends one-off $46.6 bn y to ease a cost-of-living crisis for public
British finance minister Rishi Sunak A new, one-off GBP 650 payment will be offered to more than 8 million low-income households on Universal Credit, Tax Credits, Pension Credit and other benefits, with separate one-off payments of GBP 300 to pensioner households and...
World Bank’s Malpass says war in Ukraine may trigger global recession
David Malpass,President,World Bank Developing countries were being hit even harder given shortfalls of fertilizer and food stocks and energy supplies, he said "The idea of energy prices doubling is enough to trigger a recession by itself," he said World Bank...
Govt firm on privatising 2 public sector banks: Report
According to sources, Central Bank of India and Indian Overseas Bank are likely candidates for privatisation New Delhi: The government is on course with the privatisation of two public sector banks (PSBs) and will take appropriate steps in the coming months, sources...
NOAA predicts above-normal 2022 Atlantic Hurricane Season
The increased activity anticipated this hurricane season is attributed to several climate factors, including the ongoing La Niña that is likely to persist throughout the hurricane season, warmer-than-average sea surface temperatures in the Atlantic Ocean and Caribbean...
Munich Re’s raises $ 1.25 bn of green bond from US market
The bond has a coupon of 5.875% and matures in 2042 Christoph Jurecka,CFO, Munich Re said,`` In structuring this bond as a green bond, we are the first European insurer to break such new ground in this market segment. At the same time, the green bond supports the...
Russian oil’s Achilles’ heel: insurance
Insurers from Europe and the United States, which dominate the international marine market, are curtailing coverage for Russian oil tankers, industry sources say, to avoid breaching sanctions imposed in the wake of Moscow's invasion of Ukraine. Even non-Russian...
U.S. births rise for the first time in seven years in 2021
Americans had the lowest number of babies in more than four decades in 2020 The number of births in the United States grew 1% in 2021 from a pandemic-related low in 2020, marking the first increase since 2014, according to a report by the U.S. Centers for Disease...
Covid-19 pandemic is ‘far from over’, reiterates WHO chief Tedros
"… the pandemic is far from over. And even as we continue to fight it, we face the task of restoring essential health services, with 90 per cent of member states reporting disruption to one or more essential health services," WHO Director-General Tedros Adhanom...
Ransomware attacks rise 13% in past year, India Inc at great risk
“Roughly 4 in 5 breaches can be attributed to organised crime, with external actors approximately 4 times more likely to cause breaches in an organization than internal actors,” the findings showed New Delhi: There has been an alarming rise in ransomware breaches...