The government has decided to update the base year for compilation...
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Sebi cracks down on finfluencers ‘Baap of Charts’ among 7 banned for up to 1 year
The recommendations were given in the garb of providing educational...
RBI asks banks to bring down inoperative accounts urgently report their numbers quarterly
Expressing concern over the rising sums of money lying in such...
Floods leave at least 108 dead in Europe
Joerg Asmussen, managing director of the German Insurance Association (GDV), said the prevalence of storms, floods, heavy rain and hail in Germany this year could make it one of the most damaging since 2013.
Heavy rain and hail in June caused an estimated insurance loss of 1.7 billion euros ($2 billion), he said by email.
Counting the costs: South Africa uninsured businesses wrecked by unrest
Many of South Africa’s small, medium-sized and micro enterprises (SMME) are not insured, compounding any attempts of recovery of those damaged in the unrest.
South African farmers dream of drought cover on climate front line
Now a plan has been formulated by insurers and the government for a 3.2 billion rand ($223 million), 10-year state subsidy scheme aimed at fixing the market’s problems, according to a South African Insurance Association (SAIA) document seen by Reuters that outlines the previously unreported proposals.
Work from home fueling cyberattacks, says global financial watchdog
“Most cyber frameworks did not envisage a scenario of near-universal remote working and the exploitation of such a situation by cyber threat actors,” the FSB said in a report to G20 ministers and central banks.The report is a first take on lessons learned from the pandemic’s impact on financial stability.
Seafarers’ slow Covid-19 vaccinations endanger maritime workers, hit global trade
The shipping industry is sounding the alarm as infections increase and some ports continue to restrict access to seafarers from developing countries that supply the majority of maritime workers but can’t vaccinate them.
J&J recalls Aveeno, Neutrogena sunscreens after carcinogen found in sprays
After internal testing identified low levels of benzene in some samples, J&J said it has decided to recall these products from the market.
Benzene is classified as a human carcinogen, a substance that could potentially cause cancer depending on the level and extent of exposure.
“While benzene is not an ingredient in any of our sunscreen products, it was detected in some samples of the impacted aerosol sunscreen finished products,” the company said.
Indian Consumers expects fall in income, savings due to high fuel, commodity prices: Survey
While 47 percent of the consumers expect that the uncertainty related to Covid may last 6-12 months in their household budget planning. As many as 49 percent felt their average household savings will reduce in 2021-22 in comparison to 2019-20, the survey said.
”A similar question LocalCircles asked consumers in May 2020 survey, 46 percent of consumers were expecting their savings to decline. This percentage has increased marginally to 49 percent of consumers now expecting their savings to decline in the financial year 2021-22 given the intensity of the 2nd wave of COVID-19.”
Amazon sued by US product-safety agency over selling defective items
“Customer safety is a top priority and we take prompt action to protect customers when we are aware of a safety concern,” Amazon spokesperson Mary Kate McCarthy said in a statement in response to the CPSC’s complaint.
Olympics-Risk of COVID spread is ‘zero’, IOC chief says, amid rising cases
Just over a week before the July 23 opening ceremony, Tokyo reported 1,308 new COVID-19 infections on Thursday, its highest daily tally since late January. Postponed last year due to the COVID-19 pandemic, the Summer Olympics have little public support in Japan amid widespread fears about a further spread of the coronavirus.
Critics on Thursday submitted a petition against the Games that has garnered more than 450,000 signatures this month, Japanese media reported. Organisers have imposed Olympics “bubbles” to prevent further transmissions of COVID-19, but medical experts are worried they might not be sufficiently tight.
Consent of most shareholders needed for shutting down debt schemes: SC
The apex court’s judgement came on pleas, including the appeal filed by Franklin Templeton, against the Karnataka High Court order restraining the company from winding up its six of mutual fund (MF) schemes without obtaining the consent of its investors by a simple majority.