India-linked entities named include the Barbados-flagged vessel...
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Climate Risks: More than 450 people sue Japan govt seeking damages of 1,000 yen ($6) each
The case in Japan follows similar global lawsuits in which groups...
Munich Re and Germany’s KfW Development Bank launch a state-backed geothermal risk insurance
Geothermal power is an abundant energy source that can provide...
Oil tanker on fire in Gulf of Aden after missile attack by Houthis
THe US Central Command said its forces had conducted a strike at 3:45 local time on Saturday "against a Houthi anti-ship missile aimed into the Red Sea and which was prepared to launch". They "destroyed the missile in self-defence," CentCom said London: An oil tanker...
US to propose ‘know your customer’ requirements for cloud computing companies
U.S. Commerce Secretary Gina Raimondo The proposed "know your customer" regulation is set to be released as soon as next week. Top cloud providers include Amazon.com's AWS , Alphabet's Google Cloud and Microsoft's Azure unit. "We can't have non-state actors or China...
Microsoft Teams suffers mega outage, company says fixing
There were reports of Teams users not being able to log into at all, while others saw missing messages, missing attachments, delays and more. New Delhi: Microsoft Teams experienced a mega outage in several parts of the world, and the company saw “significant...
Aviation sector sees no fast tech solution to GPS interference problem
GPS interference "can pose significant challenges to aviation safety," and requires that airlines increase data-sharing on jamming and spoofing events, European Union Aviation Safety Agency(EASA) and International Air Transport Association (IATA) said in a joint...
China doubles down on moves to mend its economy and fend off a financial crisis
As China's rapid rise as an economic superpower loses momentum, foreign investors and consumers are watching for signs that Beijing has a clear game plan for navigating the economy through an era of slower growth. The moves to put more money into the economy and...
US: Indian-American former Pfizer employee found guilty of insider trading on Covid medicine trial
US Attorney Damian Williams highlighted that proof has been found that Dagar stole information about Paxlovid from his employer, Pfizer, and used that illegal edge to profit in the stock market Indian-American former Pfizer Inc. employee, Amit Dagar, who was charged...
COVID and beyond: labs unite to boost genomic surveillance globally
In genomic surveillance, scientists first get data about the genetic material of a virus or organism in a process called sequencing. Then they analyse the data from several samples to look for similarities and differences between them, for example to track how the...
Italy, EU’s oldest country, to spend more on the elderly
Among several measures, the package envisages a so-called monthly "universal benefit" of 1,380 euros to support poor people over 80 with "very severe welfare needs", a government document showed Rome: Italy's government said on Thursday it would introduce a new...
New UN database to help countries tap climate ‘loss and damage’ fund
Given the limitations of current databases, UNDRR is collaborating with the World Meteorological Organization (WMO) and the United Nations Development Programme to create a new global "disaster losses and damages" tracking system. It will replace the existing UNDRR...
MS Amlin completes world-first Singapore ILS renewal
Will Ho, CEO, MS Amlin Asia Pacific Pte Ltd, said: “ We are also exploring other Singapore-based risk transfer solutions to support global investors, increase insurance capacity in Asia, and help close the region’s insurance protection gap” SINGAPORE: MS Amlin, the...