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EU banks told to review clients in historic ESG crackdown
Global banking and financial stability organizations are all...
Deadly Indonesian cough syrup was almost pure toxin, court papers show
The criminal case comes as efforts grow worldwide to tighten...
Xi warns Coronavirus ‘accelerating’, China facing ‘grave situation’,Hong Kong declares an ’emergency’
Nearly 300 people were killed by SARS in 2003, a tragedy that left a profound psychological impact on one of the most densely populated places on earth.
Insys founder John Kapoor sentenced to 5 1/2 years for orchestrating opioid scheme
Kapoor and others were accused of paying millions of dollars in bribes to doctors across the United States to prescribe the company’s highly addictive oral fentanyl spray, known as Subsys. The bribes were paid in the form of fees for sham speaking engagements that were billed as educational opportunities for other doctors.
Global economic losses from natural disasters top $232 bn in 2019, as the costliest decade on record comes to a close:AON
From a climate perspective, 2019 was the second warmest year on record for land and ocean temperatures since 1851. Notably, record temperatures of 46.0°C were seen in France and 42.6°C in Germany, while the January to May period was the wettest on record in the United States, with 15.71 inches (399 millimeters) of rainfall.
Annual natural Cat loss costs decline again in 2019
North America had the largest insured catastrophe-loss bill, with around 46% of the global total in 2019, closely followed by Asia Pacific with 38%.
Real-time payments platforms have increased fraud losses for 4 out of 5 APAC Banks:Survey
“While the convenience of real-time payments is great news for customers, increasingly, banks have zero time to clear a transaction or payment. AI can’t slow down the clock, but it can help create systems that are radically quicker to recognize a transaction that smells likely to be fraudulent,” said Dan McConaghy, president of FICO in Asia Pacific.
“Banks will need to move beyond passwords and OTPs and add biometrics, device telemetry and customer behavior analytics to keep up with the changing payments landscape,” he said.
Hopeful all countries will come together on AI regulations: Sundar Pichai
Pichai added he is clear-eyed about the risks of technology, but the risk of AI is failing to work on it, because it can affect billions of people
Repeat of 2003 SARS crisis? China virus outbreak rattles financial markets
While the new virus appears much less dangerous than SARS, the most significant Asia risk could lie ahead as the regional peak travel season takes hold, which could multiply the disease diffusion,” said Stephen Innes, chief Asian strategist for AxiCorp.
Ransomware exposure driving up cyber insurance costs
Cyber-insurance premiums started rising 5% to 25% late last year, said Robert Parisi, U.S. cyber product leader at Marsh & McLennan Companies Inc.
IBM calls for rules to curb bias in Artificial Intelligence
The European Union is considering new, legally binding requirements for developers of artificial intelligence to ensure the technology is developed and used in an ethical way. IBM advised a European committee of academics, experts and executives that recommended avoiding unnecessarily prescriptive rules.
EU privacy regulators expected to raise fines under GDPR data protection rules
Regulators in France, Germany and Austria levied the biggest fines so far, while the Netherlands, Germany and the U.K. topped the list for the number of data breaches notified to their authorities, the survey by law firm DLA Piper found. France’s data protection commission, the CNIL, last January slapped Google with a 50 million-euro fine over transparency, information and consent failures.