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Three-quarters of companies globally are not ready for ESG rules: KPMG Report
“Now there will be regulatory and assurance requirements to report...
US urges court to consider Amazon.com asset sales for breaking antitrust law
“The FTC and its state partners say Amazon’s actions allow it to...
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.
Google users in UK to lose EU data protection due to Brexit: Report
Google has decided to move its British users out of Irish jurisdiction because it is unclear whether Britain will follow GDPR or adopt other rules that could affect the handling of user data, the people said.
UK watchdog to scrutinise how companies, auditors calculate climate risk
“Tackling climate change has implications across the board, including on corporate reporting,” Valdis Dombrovskis, the Commission’s Executive Vice-President for an Economy that Works for Peoples, said.
World Bank Pandemic Bond losing value, facing criticism as Coronavirus spreads
In the case of a coronavirus outbreak for the Class B notes, this is 84 days from when the World Health Organization (WHO) publishes its first “situation report.” In the current outbreak, that would be in mid-April.
Swiss Re 2019 profit hit by natural disasters, U.S. casualty claims
Swiss Re’s combined ratio in its property and casualty division, a key measure of profitability, worsened to 107.8% versus 104% a year earlier. Readings below 100 indicate profitability. The company had expected the division’s ratio to be about 98% this year.
China’s Ping An Insurance says Coronavirus outbreak could hit business
-Ping An’s comments on the virus were included in its annual results, where the company reported a 39% increase in annual net profit on the strength of its retail business, but missed expectations.
-The coronavirus outbreak in China has caused widespread disruption to businesses and factory production, raising worries about the country’s economic outlook as growth is expected to slow sharply in the first quarter.