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Ammunition used in CEO’s killing had ‘deny,’ ‘defend’, ‘depose’ written on it
The message left on the ammunition echoes the phrase “delay, deny,...
Fitch revises global reinsurance sector outlook to ‘Neutral’
``Given the sector’s abundance of capital, we expect a moderately...
China mounting cyber-attacks to fulfill its political objectives, says think tank
Crowd strike, which provides cyber security for half the world's 20 biggest multinationals revealed that China is motivated primarily by a desire for commercial secrets and pursuit of its political objectives. Analysis of thousands of cyberattacks indicates that more...
Goldman Sachs pushes directors for more climate data
Since 2020 Goldman has engaged with 271 companies making insufficient emissions disclosures, Winner said. Less than 100 of them have made no improvement, making directors vulnerable A U.S. Securities and Exchange Commission rule unveiled Monday calls for more...
Tesla to halt Shanghai factory production amid COVID curbs, Bloomberg News reports
Tesla's production in the plant will be halted on Monday, the report said, citing people familiar with the matter, adding that the electric car maker hasn't yet informed workers if it would extend the suspension beyond Monday Tesla Inc is planning to suspend...
China delays retirement of employees as population ages, exchequer runs dry
"The delayed retirement policy reflects that social welfare expenditures related to retirement and old age have become a heavy burden on the central government's financial expenditure, so it delays retirement to minimize this, its pay pressure," said Wu Jialong, a...
Shanghai to lock down in two stages for testing as COVID cases spike
The city houses factories belonging to the likes of Tesla , Volkswagen and the country's largest chipmaker SMIC, as well as the mainland China headquarters of many international companies China reported a total of 4,448 new asymptomatic infections on March 26, up from...
IMF prescribes tax raise, social safety measures to Sri Lanka for financial stability
Saying that the country was hit hard by the COVID-19 pandemic, the report highlighted that the country was highly vulnerable to external shocks owing to inadequate foreign currency reserves and high risks to public debt sustainability, exacerbated by the 'Easter...
Generali challengers show hand ahead of investor vote
Francesco Gaetano Caltagirone, a leading investor in Generali, together with entrepreneur Leonardo Del Vecchio, Generali’s third biggest investor, are opposing the reappointment of the insurer’s current chief executive Philippe Donnet as they challenge the influence...
Russian agents charged with targeting U.S. nuclear plant, Saudi oil refinery
The announcement was paired with the unsealing of criminal charges against four Russian government officials, whom the U.S. Department of Justice accused of carrying out two major hacking operations aimed at the global energy sector. Thousands of computers in 135...
US court allows J&J to force cancer victims into potential settlement talks
U.S. Bankruptcy Judge Michael Kaplan ruled February 25 that J&J can use bankruptcy rules to temporarily block more than 38,000 lawsuits while the company develops a trust fund to permanently end the cases A US court ruling allowing Johnson & Johnson to use a...
SCOR appoints Mukul Kishore as APAC chief
Mukul Kishore, CEO, SCOR Global P&C, APAC This is the first time an Indian has been appointed at such a senior level position of the fourth largest global reinsurer In its India operations, Parag Gupta, chief underwriting officer(CUO) has been made...