“While well intentioned, the current system for assessing and...
Category:
International News
Latest
Tata Motors’ outlook cut to ‘negative’ by Moody’s after cyber-attack halts JLR production
The cyber incident at JLR has highlighted customer relations risk...
Tata Motors-owned Jaguar Land Rover begins phased IT restart after cyber-attack
JLR said its teams continue to work around the clock alongside...
Jan1 Renewals: With abundant capital reinsurers get relief from price rise, says Gallagher Re
2024 looks to have provided a welcome return to more stability and predictability, allowing the expectations of all parties to be managed in a less rancorous fashion than 12 months ago London: According to reinsurance broker Gallagher Re, the Jan 1,2024 renewal season...
Global shipping firms continue to pause Red Sea shipments
The Suez Canal is used by roughly one third of global container ship cargo. Redirecting ships around the southern tip of Africa is expected to cost up to $1 million in extra in fuel for every round trip between Asia and northern Europe Denmark's Maersk and German...
Japan Airlines plane on fire at Tokyo’s Haneda airport,all 379 passengers, crew escape
All the 367 passengers plus eight toddlers and 12 crew on board the Airbus SE A350-900 plane were safely evacuated, an airline spokesperson said by telephone. Flight JL516, operated by a 2 year old Airbus A350-900 jet, took off from New Chitose airport near Sapporo at...
Japan issued tsunami alerts after a series of strong quakes in the Sea of Japan
A tsunami of about 3 metres high was expected to hit Niigata and other prefectures on the western coast of Japan. Smaller tsunami waves were already confirmed to have reached the coastline, according to NHK.The area includes a nuclear plant. Tokyo Electric Power Co.,...
Global Economy: Rising shipping costs to push inflation
Combined with disruptions at a drought-stricken Panama Canal in the Western Hemisphere, the rise in merchant shipping rates poses headwinds for central bankers in their inflation fight Shipping costs are rising as hundreds of container ships that typically transit the...
US sinks 3 Houthi vessels that attacked its container ship in Red Sea
CENTCOM said the navy responded to a request for assistance from the Maersk Hangzhou, a Singapore-flagged, Denmark-owned and operated container ship that reported coming under attack for a second time in 24 hours while transiting the Red Sea The Houthis have...
Consulting firm McKinsey agrees to USD 78 million settlement with insurers over opioids
The insurers argued that McKinsey worked with Purdue Pharma – the maker of OxyContin – to create and employ aggressive marketing and sales tactics to overcome doctors' reservations about the highly addictive drugs. Insurers said that forced them to pay for...
Eurostar cancels trains due to flooding, stranding hundreds of travelers in Paris and London
The U.K. has been battered by strong, gusty winds and heavy rain brought by Storm Gerrit throughout the holiday period. More stormy weather and travel disruption is expected during the last weekend of the year The holiday travel plans of hundreds of people were...
China revises company law to tighten capital contribution rules
PricewaterhouseCoopers said on its social media account last month that the change appears to be aimed at better protecting creditors, although it’s also likely to “lower investors’ enthusiasm to start new businesses.” Chinese lawmakers changed the country’s Company...
Google settles $5 billion consumer privacy lawsuit
The plaintiffs alleged that Google’s analytics, cookies and apps let the Alphabet unit track their activity even when they set Google’s Chrome browser to “Incognito” mode and other browsers to “private” browsing mode Alphabet’s Google has agreed to settle a lawsuit...