Officials said the possibility that it was caused by a cyber attack...
Category:
International News
Latest
Solid monetary frameworks helped emerging markets navigate recent crises: Gita Gopinath
Gita Gopinath,Chief Economist,IMF IMF chief economist Gita Gopinath...
A massive explosion at Iran’s largest port linked to missile fuel shipment kills 18, injures some 800
On Saturday night, the state-run IRNA news agency said that the...
Fitbit sued in Australia for misleading consumers on faulty devices
The Australian Competition and Consumer Commission (ACCC) said between May 2020 and February 2022, Fitbit claimed consumers will not be entitled to a refund unless they returned a faulty product within 45 days of purchase or shipment, which is in not in accordance...
Australia flags new corporate penalties for privacy breaches
Unknown cyber criminals this week demanded ransom from Australia's largest health insurer, Medibank, after claiming to have stolen 200 gigabytes of customers' data including medical diagnoses and treatments The thieves have reportedly threatened to make public the...
TB passes COVID-19 as top infectious killer
That compares to 1,449 people a day dying due to COVID-19, calculated from the 40,578 deaths reported in the past 28 days on the Johns Hopkins University dashboard Following gargantuan global efforts against COVID-19, tuberculosis (TB) is once again the world's...
Bank of England fines MS Amlin Underwriting $10.84 million various for lapses
The penalty reflects the seriousness of MSAUL’s failure to meet the expected standards in this case, and should deter similar conduct by other firms,” Bank of England Deputy Governor Sam Woods said in a statement. London: The Bank of England said on Thursday it had...
Russia poised to largely skirt new G7 sanctions on oil price cap and insurance
Months of discussions between the United States and those insurance, trading and shipping firms have mollified concerns on their exposure to sanctions but all parties now realize Russia can largely skirt the plan with their own ships and services. Russia can access...
Munich Re warns on target after $1.6 billion hit from Ian
Ian hit Florida in September and was one of the strongest hurricanes to ever make landfall in the US. It carved a trail of ruin across southern Florida, downing bridges, inundating roads and shattering homes. Insured losses have been estimated at more than $60 billion...
Volkswagen sued by investors in Germany for not disclosing alleged private climate lobbying activities
A group of Swedish public pension funds, Danish AkademikerPension and the Church of England Pensions Board filed the suit at a German court seeking to make VW include an item about their lobbying activities to the agenda of its shareholder meeting. If successful, the...
Ukraine insurance costs surpass Iraq war levels, industry sources say
The rates in Ukraine are currently higher than previously experienced in Iraq and Afghanistan…Principally, it's a more active war zone rather than an insurgency situation," said Alexis Fehler, accident and health underwriter at Lloyd's of London-backed insurer...
XBB subvariant of Omicron can cause another wave of infections in some countries: Swaminathan
"Many people just think that it is just like the flu or any other respiratory infection, but more and more data is coming out on how COVID is affecting all organ systems and not just the respiratory route. It also affects the cardiovascular system and the inflammatory...
Amazon faces $1B class action lawsuit in the UK over Buy Box
The litigation is being spearheaded by the law firm Hausfeld & Co LLP, which said in a news release that anyone who lives in the U.K. and made purchases on Amazon since October 2016 is eligible to be a claimant. Amazon is facing a USD 1 billion class action...