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Southeast Asia faces intensifying compound catastrophes and escalating flood impacts
In Southeast Asia, this phenomenon is increasingly evident. Events...
Nvidia unveils AI tools and models for faster weather forecasting
Mike Pritchard, the director of climate simulation research for...
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...
Abbott Labs must face lawsuit over PediaSure height claims
The lawsuit seeks unspecified damages for New Yorkers who were deceived into buying or overpaying for PediaSure.Abbott has said PediaSure is intended for children, opens new tab ages 2 to 13, and helps them "grow out of at-risk weight-for-height percentiles (5th-25th...
Aviation lessor settlements with Russia over trapped planes
Lessors have been suing dozens of insurers over losses of at least $8 billion over the trapped planes, with vast court trials scheduled in Dublin in June and London in October. Some are also being heard in U.S. states Aircraft leasing firms have secured settlements...
Boeing is sued by shareholders following MAX 9 blowout
According to a proposed class action filed on Tuesday, Boeing spent more than four years after the Oct. 2018 and March 2019 crashes of two other MAX planes, which killed 346 people, assuring investors that it was “laser-focused” on safety and would not sacrifice...