The verdict awarded to the family of Shikha Garg is the first in...
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Zurich Insurance invests $170 million into APAC private debt
US life insurers have ramped up private debt investments,...
China accuses US of committing $13 billion bitcoin hack
The Chinese government has recently become increasingly vocal in...
EU agreement on ESG Ratings seen as world’s toughest
Under the agreement, ESG ratings providers based in the EU “will need to obtain an authorization” from the European Securities and Markets Authority, the Council said A provisional agreement in the European Union setting guardrails around the ESG [environmental,...
DBS cuts CEO Gupta’s salary by 30% for digital banking outages
Piyush Gupta,Chief Executive Officer, DBS Bank’ Last year’s outages at DBS that saw payment and ATM transactions stalled across the city-state also resulted in the variable compensation for the group management committee collectively cut by 21 per cent from a year...
120 patients in Israel exposed to medication error during hospital software malfunction
Of particular concern were patient discharge documents containing incorrect prescriptions. As the ministry received similar reports from other hospitals, it ordered an investigation Tel Aviv: Knesset lawmakers briefed by Health Ministry officials on Monday were told...
WTW launches world-first parametric insurance protection for endangered South Pacific coral reef system
Sarah Conway, Director and Ecosystem Resilience Lead, WTW, said: “We are grateful to BHP for supporting the design and implementation of the first coral reef insurance programme in Fiji. Building on lessons learned from our involvement with similar initiatives in...
Consortium launched to address growing burden of lung cancer in Asia-Pacific
Lung cancer has a significant health and economic impact in the APAC region. It is the most prevalent cancer, accounting for about 1 million deaths per year, and projected to rise to over 1.8 million by 2040 SINGAPORE: On World Cancer Day, a consortium called the Asia...
Cyber threat,public liability and geopolitics pose greatest risk to organisations: WTW survey
Ben MacCarthy, Head of Real Estate, Hospitality & Leisure, Asia, at WTW, said: “We found APAC firms pursuing innovative solutions through Proptech, with a focus on SMART buildings and improving ways data is accessed accurately especially to adapt to ESG and...
Deepfake video meeting with fake CFO costs company $25.6 mn
The company employees in the call looked and sounded like real people the targeted employee recognised.They followed instructions given during the meeting and made 15 transfers totalling HK$200 million $25.6 million) to five Hong Kong bank accounts. Hong Kong: A...
At least 19 dead as forest fires approach densely populated areas of central Chile
The El Nino weather pattern has caused droughts and hotter than usual temperatures along the west of South America this year, increasing the risk of forest fires. In January, more than 17,000 hectares (42,000 acres) of forests were destroyed in Colombia by fires that...
Europe within reach of landmark AI rules after nod from EU countries
Tech lobbying group CCIA which counts Alphabet's Google , Amazon, Apple and Meta Platforms as members, warned of roadblocks ahead Europe on Friday moved a step closer to adopting rules governing the use of artificial intelligence and AI models such as Microsoft-backed...
Red Sea attacks: Firms forced to test new land routes via UAE, Saudi
Cargo from India, Thailand, South Korea and China has been sent by trucks in recent weeks, Fridman said. Goods destined for Asia are also moving in the opposite direction, helping lower overall costs, Hanan Fridman,CEO,Trucknet Enterprise said An Israeli software...