The use of zombie tankers allows dark fleet operators to circumvent...
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ESG Review-Course-correction underway among financial firms
The upshot is a broad-based retreat from the environmental and...
Blackout- Spain and Portugal companies count the cost
Spain’s main business lobby CEOE estimated the outage would shave...
US cyber insurance sees sharp prm spike,Profit improvement to moderate: Fitch
Moderating claims frequency drove underwriting performance improvement, with lower ransomware incident costs and a higher proportion of incidents without payment However, this may be temporary, given the rapid pace of technological and economic change, such that...
Roots Automation Introduces InsurGPT -an advanced generative AI model for insurance
InsurGPT utilizes a deep corpus of insurance specific data and documents alongside systems and process knowledge to significantly improve the accuracy, speed, and validity of data extraction and inferencing, while reducing false-positives, ‘hallucinations,’ that...
Powerful Cyclone Mocha makes landfall in Myanmar, tearing off roofs and killing at least 3
Titon Mitra, the U.N. Development Program representative in Myanmar, tweeted: “Mocha has made landfall. 2m people at risk. Damage and losses are expected to be extensive. We are ready to respond and will need unhindered access to all affected communities.” DHAKA:...
ADB President calls for regional cooperation in tackling climate change at IMT-GT Leaders’ Summit
Masatsugu Asakawa,President,Asian Development Bank ADB is intensifying efforts to deliver $100 billion in climate financing across Asia and the Pacific by 2030, while supporting a range of initiatives like the Innovative Finance Facility for Climate in Asia and the...
Cyclone Mocha: Overheated Bay of Bengal fuelling a climate crisis
Extreme weather hazards will occur more frequently due to climate change in the years ahead, the International Organization for Migration (IOM) warned "The linkages between climate change, migration, and displacement are increasingly pressing worldwide," it said,...
China new financial regulatory body gets a chief
The National Financial Regulatory Administration(NFRA) is a new government body under the State Council tasked with consolidating supervision over the multi-trillion dollar financial industry It will replace the CBIRC and absorb some supervisory functions from the...
Mass event will let hackers test limits of AI technology
Anyone who’s tried ChatGPT, Microsoft’s Bing chatbot or Google’s Bard will have quickly learned that they have a tendency to fabricate information and confidently present it as fact. These systems, built on what’s known as large language models, also emulate the...
Governments across the world race to regulate AI tools
The European Data Protection Board, which unites Europe’s national privacy watchdogs, said in April it had set up a task force on ChatGPT, a potentially important first step towards a common policy on setting privacy rules on AI Rapid advances in artificial...
UN agencies brace for disaster as Cyclone Mocha intensifies in Bay of Bengal
Extreme weather hazards will occur more frequently due to climate change in the years ahead, IOM warned ““The linkages between climate change, migration, and displacement are increasingly pressing worldwide,” the agency said, calling on governments to implement...
In major climate step, US govt agency proposes 1st limits on greenhouse gas emissions from power plants
If finalised, the proposed regulation would mark the first time the federal government has restricted carbon dioxide emissions from existing power plants, which generate about 25 per cent of US greenhouse gas pollution, second only to the transportation sector...