"The regulatory environment is changing," said Matthew Dibb, chief...
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UN scrambles to save Black Sea grain deal, with EU help, ahead of Monday deadline
The EU is considering connecting a subsidiary of the Russian...
The meds they bought were toxic. Now Gambian parents seek justice
20 Gambian children who died after consuming cough syrups made in...
Data of almost all Pakistani banks hacked: Report
The State Bank of Pakistan (SBP) has been informed by several commercial banks that they have blocked international payments on debit and credit cards as a precautionary measure following cyber attacks on the accounts of their clients, the Dawn reported quoting sources.Data of over 8,000 account holders of about 10 Pakistani banks was sold in a market of hackers, the report said quoting a digital security website krebsonsecurity.com.
TCS faces US jury over why it fires so many Americans
Mumbai-based TCS denies any unlawful bias in its U.S. operations and says in court filings that the Caucasian American leading the lawsuit was removed from one of its projects and ultimately terminated over “performance concerns.” TCS said it can’t comment specifically on the pending litigation, but believes it has a strong case and will prevail at trial.
Microsoft gears up for another digital revolution with quantum computing,
A quantum computer can solve complex problems that would otherwise take billions of years for today’s computers to solve. This has massive implications for research in health care, energy, environmental systems, global warming, smart materials and more.
Buffett’s Berkshire doubles profit, repurchases $900 million stock in third quarter
Insurance provides a stream of cash that Berkshire can invest around the world. Float, or insurance premiums collected before claims are paid and which help fund Berkshire’s growth, ended September at $118 billion. The company has $103.6 billion in cash, short-term Treasuries and other similar investments.
Private messages of 120 mn Facebook users hacked, says BBC report
Several users whose details have been compromised were based in Ukraine and Russia but some were also from the UK, US, Brazil and elsewhere, the report said on Friday.
Microsoft tests show 91% new PCs from India loaded with pirated software
The worst were South Korea, Malaysia, Vietnam and Thailand, all with 100 percent of the purchased personal computers loaded with pirated software.
Insurance crunch for upcoming Soyuz rocket launches ironed out, Roscosmos CEO says
The proposal was to insure the launch for 2.1 bln rubles ($31.9 mln), while the initial (maximum) contract price was set at 178.1 mln rubles ($2.7 mln). Having negotiated the issue with Western reinsurers, Ingosstrakh and Sogaz offered to insure the launch at a 9.6% rate, which is equivalent to an insurance payment of 201.1 mln rubles ($3 mln).
Indonesia’s Lion Air plane crashes near Jakarta, 188 on board feared dead
The crash is the worst airline disaster in Indonesia since an AirAsia flight plunged into the sea in December 2014, killing all 162 on board.
ILS as an established asset class continues its momentum:Willis Survey
James Kent, Global Chief Executive Officer, Willis Re commented: “The industry has widely reported the growth in the ILS market and this comprehensive survey further supports the development of ILS as an asset class despite the challenges of the catastrophe events in 2017
Shareholders of Singapore Reinsurer ACR Capital Eyeing Sale: Sources
The company’s owners, which include Temasek Holdings Pte and Khazanah Nasional Bhd., have asked banks to pitch for a role on a potential transaction, according to the people. A deal could value ACR at about $800 million, the people said, asking not to be identified because the information is private.