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All assembly lines at Toyota’s auto plants in Japan shut down by computer problems
The automaker doesn’t believe the problem was caused by a...
Viasat Inc’s $1 bn orbiting satellites risks upending space insurance
Viasat’s troubles in orbit come a few years after big-name insurers...
China ends 2yr state custody of troubled Anbang Insurance
Authorities took control of the 2 trillion yuan ($285 billion) conglomerate in February 2018 after its former chairman Wu Xiaohui was arrested — and subsequently jailed — for fundraising fraud. They initially set themselves a 12-month timeline to raise cash by jettisoning non-core assets such as luxury hotels, preserve Anbang’s main insurance operations and find strategic investors. That deadline was later extended by a year to Feb. 22.
US lawmakers to introduce bipartisan Bill aimed at internet firms’ Liability shield
The move is the latest example of how regulators and lawmakers in Washington are reconsidering the need for incentives that once helped online companies grow, but are increasingly viewed as impediments to curbing online crime, hate speech and extremism.
How pharma firms are using Blockchain to track down counterfeit drugs
-“The current point-to-point systems infrastructure lacks the ability to keep data in sync across the healthcare supply chain, which ultimately increases the risk of counterfeit, diverted or otherwise illegitimate products,” David Vershure, head of channel and contract management for Roche’s Genentech unit, said in a statement.
-Among the 24 participating companies are Amgen Inc., FedEx Corp., GlaxoSmithKline Plc, Novartis, AmerisourceBergen Corp., Sanofi, Walgreens Boots Alliance Inc. and Walmart Inc.
-The World Health Organization estimates that counterfeit medicines worth 73 billion euros ($79.26 billion) are traded annually.
Investors dump emerging market stocks, hoard bonds amid coronavirus angst
-Investors pulled out $2.7 billion out EM stocks funds BofA’s latest data crunching showed. The sugar-rush into bond funds attracted another $18 billion last week taking the year-to-date count to $130 billion and translating into almost a trillion dollars on an annualised basis.
-That’s twice the record level seen in 2019.
Coronavirus on G20 agenda as China reports uptick in cases
Japan and Singapore are on the brink of recession and South Korea on Friday said its exports to China slumped in the first 20 days of February, with the outbreak upending global supply chains.
Coronavirus scare may erase $29 bn from global airlines’ revenue, says IATA
“These are challenging times for the global air transport industry. Stopping the spread of the virus is the top priority,” said Alexandre de Juniac, IATA’s Director General and CEO. “This will be a very tough year for airlines.” Analysts at Cowen, a US investment bank and financial services company, noted IATA might be underestimating the impact on Asia travel outside of China, noting the recent reports of dozens of cases in South Korea.
Boeing failure to fix 737 Max cockpit light may draw FAA penalty
The fines could accrue quickly. The agency’s enforcement guidelines say large businesses such as Boeing can be assessed $3,000 to more than $34,000 per violation. That could be applied to each of the more than 300 planes on which the alert didn’t work.
Yawning digital gap between high and low income Commonwealth countries
In fact, just six members – the United Kingdom, Canada, Australia, India, Singapore and Malaysia – account for 85 per cent of total online sales to customers, worth US$354 billion in 2015. The same six make up 98.8 per cent of the Commonwealth’s total high-tech exports.
Chubb’s Scott Gunter is appointed CEO of AXA XL
Scott brings over 30 years of experience, a strong track record in commercial insurance, underwriting and profound knowledge of the North American market. Prior to his last role as president of Chubb’s North America Commercial Insurance division, Scott held several global positions within Chubb, including Chief Underwriting Officer.
Google updates terms in plain language after EU scrutiny
Google, Facebook, Twitter and other digital companies have been forced under a spotlight as regulators and customers examine just how much the companies know about their users and what they do with that information.