Using AI and advanced data modelling, the solution analyses...
Category:
International News
Latest
Insurance loss estimated for outage at AWS can range from $38 million-$581 million, says CyberCube
CyberCube’s analysis shows that the outage is likely to have...
Jaguar Land Rover hack cost UK economy $2.5 billion, report says
"This incident appears to be the most economically damaging cyber...
Istanbul: With earthquake risk city’s business now getting ahead on contingency planning
The impact would, of course, be huge. Insurers estimate a $300 billion hit to the economy, equivalent to 27% of gross domestic product, according to a senior person in the industry. That would be three times the estimate from last year’s disaster. About $25-$30...
Singapore mending regulations to stay globally competitive: PM Wong
Lawrence Wong ,Prime Minister, Singapore Prime Minister Lawrence Wong said easing the regulatory burden and cutting the cost of doing business was part of his government’s efforts to nurture and grow the spirit of innovation and enterprise in Singapore Singapore:...
X to wind up operations in Brazil ‘effective immediately’ due to censorship
Earlier this year, Moraes ordered X to block certain accounts, as he investigates so-called "digital militias" that have been accused of spreading fake news and hate messages during the government of far-right former President Jair Bolsonaro. Media platform X said on...
Urgent need to address $4 trn financing gap to accelerate SDG progress: FM
Nirmala Sitharaman, Finance Minister Addressing the third Voice of Global South Summit virtually, Sitharaman said that recent reports reveal that the implementation of many SDGs in developing economies is stagnating, with some indicators even regressing New Delhi:...
Pakistan & Sweden report cases of more infectious form of mpox first identified in Congo
WHO said there have been more than 14,000 cases and 524 deaths in more than a dozen countries across Africa this year, which already exceed last year's figures Pakistan has detected three patients with the mpox virus, the health department in Khyber Pakhtunkhwa...
Biden, Harris hail Medicare drug price cuts that will save billions
Biden's signature Inflation Reduction Act, signed into law in 2022, was the first to allow Medicare to negotiate prices for some of the most costly drugs that the program covers for 66 million people. The new prices will go into effect in 2026 LARGO,...
Hurricane Debby: Moody’s estimates insured losses for will not exceed $1.5 billion
Jeff Waters, director, North Atlantic Hurricane Models at Moody’s, said, “Hurricane Debby should not be a major event for the (re)insurance market. Debby made landfall just 10 to 15 miles (16 to 24 kilometers) from last year’s Hurricane Idalia’s Florida landfall as a...
McKinsey sees AI surge boosting consulting amid industry slump
Among those deploying automation rapidly are the traditional and regulated industries such as banking and insurance, Rodney Zemmel, senior partner and head of the McKinsey's digital business said McKinsey & Co. is seeing an increase in the number of clients...
Severe typhoon set to disrupt flight, train services in Japan
Disruptions from tropical storms this time of year have become an annual occurrence in Japan and other countries in the region. They’re also more severe, causing factories to halt production and companies telling employees to stay at home. The latest typhoon,...
Wall street firms to pay $470 million to settle with US regulators over texting
The penalties mark the latest wave of a sweeping multi-year enforcement initiative targeting Wall Street’s use of so-called “off channel” work communications such as text and WhatsApp messages in breach of rules which require firms to retain certain work-related...