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COVID-19 still a global health threat, new variant under scanner: WHO chief
Although COVID-19 is no longer a global health emergency, it...
UK PM Sunak commits to triple-lock pension policy despite inflation
Last November, with inflation in double-digits, finance minister...
Airlines urge Nations’ Regulators to avoid competing Safety Rules
The head of the International Air Transport Association (IATA), representing 290 airlines or more than 80 percent of world traffic, backed the existing process that usually involves one host regulator lead certification for each type of new aircraft, in exchange for reciprocal agreements with other agencies across the world.Airlines want to “avoid each model being certified 1,000 times” but focus instead on a single lead regulator, Alexandre de Juniac told a meeting of aerospace executives in Paris.
Facebook reported agreeing to 20-yr Pact on Privacy Oversight by US Govt
The FTC has been investigating allegations that Facebook inappropriately shared information belonging to 87 million users with the now-defunct British political consulting firm Cambridge Analytica. The probe has focused on whether the sharing of data and other disputes violated the 2011 consent agreement.
London marine insurers widen Middle East threat zone after ship attacks
The Joint War Committee, made up of syndicate members from the Lloyd’s Market Association (LMA) and representatives from the London insurance company market, normally meets every quarter to review areas it considers high risk for merchant vessels and prone to war, terrorism, piracy and related perils.
EU removes Bermuda, Aruba, Barbados from tax haven blacklist
BRUSSELS: European Union finance ministers removed on Friday Bermuda, Barbados and Aruba from the bloc’s blacklist of tax haven countries, an EU statement said. The three islands were added to the list in March. Aruba has been removed because...
Ping An ranks 7th on Forbes’ ‘Global 2000’ List
Ping An’s revenue during the period covered was US$151.8 billion, with a profit of US$16.3 billion, assets of US$1,038.3 billion and a market capitalization of US$220.2 billion.
Aon and Guy Carpenter partner with The Institutes RiskStream, to streamline the reinsurance placement process
“Distributed ledger technology has the potential to decrease costs, simplify processes and increase data security across all areas of risk management, and reinsurance, in particular, stands to benefit significantly from this technology,” said Christopher McDaniel, President of The Institutes RiskStream Collaborative. “The best solution for the market and for reinsurance buyers is to build a successful solution alongside brokers, reinsurers and carriers. Each has a vital role to play and DLT can provide efficiencies to all participants.”
Boeing completes 737 Max software upgrade
Boeing said that once information on how pilots work with the upgraded system is submitted to the FAA, it will work with the regulator to schedule a certification test flight and submit final certification documentation
Electric flying taxi unveiled, could be operating worldwide by 2025
German startup Lilium aims to have a fleet of the five-seat aircraft — which can operate with a pilot or in drone mode — flying in cities worldwide by 2025, providing a pay-per-ride service that will be emission-free, five times faster than a car and produce less noise than a motorbike.
U.S. blacklisting of China’s Huawei to disrupt Global Technology Supply Chain
Out of $70 billion Huawei spent for component procurement in 2018, some $11 billion went to U.S. firms including Qualcomm, Intel Corp. and Micron Technology Inc., and they could see that revenue disappear.
Advisory firms urge ‘No’ vote on AIG execs’ pay packages
AIG’s board awarded Duperreault $21 million last year, less than half his compensation in 2017.His pay compares with $10 million to $17 million for CEOs of major U.S. competitors Prudential Financial Inc, Travelers Companies Inc and MetLife Inc.