In a letter released Tuesday, National Security Advisor Jake...
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French competition watchdog hits Google with 250 mln euro fine
The watchdog said Google's AI-powered chatbot Bard - since...
Records smashed – new WMO climate report confirms 2023 hottest so far
Celeste Saulo (centre), Secretary-General of the World...
Hackers stole source code from govt agencies, private firms: FBI
The FBI alert warned the owners of SonarQube, a web-based application that companies integrate into their software build chains to test source code and discover security flaws before rolling out code and applications into production environments.
The actors exploit known configuration vulnerabilities, allowing them to gain access to proprietary code, exfiltrate it and post the data publicly.
The FBI has identified multiple potential computer intrusions that correlate to leaks associated with SonarQube configuration vulnerabilities.
Biden wins US presidential race,to inherit a nation in turmoil over the coronavirus pandemic
Biden has said his first priority will be developing a plan to contain and recover from the pandemic, promising to improve access to testing and, unlike Trump, to heed the advice of leading public health officials and scientists.
Despite his victory, Biden will have failed to deliver the sweeping repudiation to Trump that Democrats had hoped for, reflecting the deep support the president enjoys despite his tumultuous four years in office.
This could complicate Biden’s campaign promises to reverse key parts of Trump’s legacy. These include deep Trump tax cuts that especially benefited corporations and the wealthy, hardline immigration policies, efforts to dismantle the 2010 Obamacare healthcare law and Trump’s abandonment of such international agreements as the Paris climate accord and Iran nuclear deal.
Should Republicans keep control of the U.S. Senate, they would likely block large parts of his legislative agenda, including expanding healthcare and fighting climate change.
Shifting global supply chain can add $63 billion of prms in 5-yrs: Swiss Re
“Yes, supply chain changes are happening, they are real, and I think in the bigger picture this is positive.There are real opportunities during the transition. The insurance industry has a growing opportunity to offer cover in areas such as business interruption (BI), also contingent BI and non-damage BI’’ said Jerome Jean Haegeli, group chief economist, Swiss Re, said while speaking at a session on “De-risking Global Supply Chain: Strengthening Resilience in a time of Disruption”, during the SIRC 2020 Re-Mind virtual conference on Wednesday.
Biden vows to rejoin Paris Climate Agreement
Today, the Trump Administration officially left the Paris Climate Agreement. And in exactly 77 days, a Biden Administration will rejoin it, Biden tweeted on Wednesday night, reflecting his decision to reverse one of the key policies of the Trump administration on day one.
Threat of crackdown on U.S. insurers fades as political ‘Blue Wave’ sputters
That bodes well for the insurance industry, which had feared a Democratic sweep would allow progressives to reprise regulations introduced after the 2008-2009 financial crisis and push a disruptive healthcare overhaul.
Health insurance stocks jumped on Wednesday, as fears of a dramatic change faded. The S&P 500 managed care index .SPLRCHMO rose 9.8% as investors and insurance trade groups cheered an expected Republican hold on the Senate.
European Development Finance group to exit fossil fuel investments by 2030
The move comes a week before the world’s 450 DFIs meet for the first time at a major conference in France to discuss accelerating their efforts to help in the fight against climate change as well as to boost sustainable development more broadly.
A key factor will be how open lenders in coal-reliant Asia are to any toughening of policy.
India sees early vaccine launch as AstraZeneca deliveries run late
An Indian government-backed vaccine could be launched as early as February – months earlier than expected – as last-stage trials begin this month and studies have so far showed it is safe and effective, a senior government scientist told Reuters.
Bharat Biotech, a private company that is developing COVAXIN with the government-run Indian Council of Medical Research (ICMR), had earlier hoped to launch it only in the second quarter of next year.
Lloyd’s 2nd blueprint targets cost reduction of £800m for brokers, underwriters and business partners
The comprehensive programme and priorities detailed in Blueprint Two will profoundly transform the way in which customers get covered, right though to recovering from loss; this will be achieved by the redesign of the entire insurance lifecycle process – from placement through to accounting, payment, endorsements, claims, renewals and reporting – offering a seamless digital service for all Lloyd’s customers and stakeholders globally.
Lloyd’s of London ditches plan to create its own electronic exchanges
Lloyd’s no longer plans to launch its own complex risk exchange but will work with existing platforms already used by the market, such as PPL, to improve digitalisation. Lloyd’s bought a 40% stake in PPL this year.
Infosys receives RIMS global ERM Award of Distinction
“We operate in a fast-evolving world, where we and our stakeholders find ourselves in the midst of disruption.Success in times like these require us to take calculated risks so we can move forward in a differentiated and progressive manner. Our enterprise risk management program has evolved to become a strong framework to manage potential threats to our objectives in a proactive manner, and enhance our performance,” said U B Pravin, Member of Board & Chief Operating Officer, Infosys Limited