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GM to face big class action over faulty transmissions
Drivers said the vehicles shudder and shake in higher gears, and...
Cathay Pacific grounds many flights after engine component failure
Cathay Pacific has not specified which engine component failed, but...
Zoom to settle US privacy lawsuit for $85 mn
The suit charged that Zoom’s sharing of users’ personal data with Facebook, Google and LinkedIn was a breach of privacy for millions.
While Zoom denied wrongdoing, it did agree to improve its security practices.
Talent war’ pushing white-collar pay higher, British recruiter says
“A war for talent and significant wage inflation is beginning to emerge,” Robert Walters’ eponymous chief executive said in a statement accompanying the group’s first-half results, though he didn’t specify what level of pay rises the company was seeing.
Walters’ remarks on higher salaries align with stories of pay hikes by European lenders Deutsche Bank and UBS and at Wall Streets banks, while data has shown more people are changing jobs or quitting following months of uncertainty during lockdowns.
Shipping losses stay at historic lows, but Asia remains largest global loss hotspot:Allianz
“Overall, the frequency of marine claims has not reduced. We are also seeing an increased cost of hull and machinery claims due to delays in the manufacture and delivery of spare parts, as well as a squeeze on available shipyard space,” says Justus Heinrich, Global Product Leader, Marine Hull, at AGCS.
“Overall, the frequency of marine claims has not reduced. We are also seeing an increased cost of hull and machinery claims due to delays in the manufacture and delivery of spare parts, as well as a squeeze on available shipyard space,” says Justus Heinrich, Global Product Leader, Marine Hull, at AGCS.
The world’s piracy hotspot, the Gulf of Guinea, accounted for over 95% of crew numbers kidnapped worldwide in 2020. Last year, 130 crew were kidnapped in 22 incidents in the region – the highest number ever – and the problem has continued. Vessels are being targeted further away from the shore – over 200 nautical miles (nm) in some cases.
Long Covid may qualify as disability under federal law: Biden
“We’re bringing agencies together to make sure Americans with long Covid who have a disability have access to the rights and resources that are due under the disability law, which includes accommodations and services in the workplace and school, and our health care system so they can live their lives in dignity,” Biden said.
China, India miss UN deadline to submit plans for cutting emissions
The world’s two most populous countries are among dozens that failed to provide an update on their targets for curbing the release of planet-warming gases to the UN climate change agency by July 31, they said on Saturday.
China is the country with the world’s highest emissions, while India is third. The United States (US), which submitted its new target in April, is the second-biggest global emitter.
Myanmar has the highest coronavirus mortality rate in Southeast Asia
In the last seven days, the death rate per capita in Myanmar has surpassed that in Indonesia and Malaysia and has become the worst in Southeast Asia. The country’s healthcare system was quickly overwhelmed by new COVID-19 patients.
Medical oxygen supplies are dwindling, and the government has restricted its private sales in many places, saying it is trying to prevent backlogs. But this has led to widespread accusations that supplies are being channeled to government supporters and military hospitals.
Irish approves laws to make bankers and insurers more accountable
The new regime will apply to senior individuals in banks, insurance firms – excluding reinsurance companies – investment firms which are authorised to hold client monies or assets and third country branches of those categories.
The new laws will allow for additional fines and regulatory findings against individuals.
Ship tied to Israeli billionaire attacked off Oman, 2 killed
“At the time of the incident the vessel was in the northern Indian Ocean, traveling from Dar es Salaam to Fujairah with no cargo onboard,” the statement from Zodiac Maritime said, naming ports in Tanzania and the United Arab Emirates respectively.
Global hunger to rise in 2021 due to income losses from Covid-19 pandemic
Most of the additional people the USDA expects to fall into food insecurity this year are in Asia, which accounts for 72% of the increase. Bangladesh, India, Pakistan, and Indonesia will see particularly large jumps in the number of people without enough food, according to the report. Sub-Saharan Africa accounts for 21% of the global increase in undernourished people.
Asian nations impose stricter COVID-19 restrictions due to Delta outbreaks
The U.S. Centers for Disease Control and Prevention (CDC) has described Delta to be as contagious as chickenpox and could cause severe illness, the New York Times reported, citing an internal CDC document. read more
Detected in some 96 countries, the Delta variant, first identified in India, has become a concern globally, prompting even countries with advanced vaccination programmes such as the United States, Israel and Singapore to re-impose some restrictions.