Lessors have been suing dozens of insurers over losses of at least...
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Boeing is sued by shareholders following MAX 9 blowout
According to a proposed class action filed on Tuesday, Boeing spent...
European leaders campaign against Forever Chemicals
“Chemical pollution is a widespread problem in Europe but there are...
Pandemic speeds labour shift from humans to robots, WEF survey finds
“COVID-19 has accelerated the arrival of the future of work,” WEF Managing Director Saadia Zahidi said.
World trade rebounding slowly, outlook uncertain: U.N. report
Global trade recovered somewhat in the third quarter, when it was estimated at about 4.5% less than in the same period a year ago, the agency said in its latest update.
“Trade in home office equipment and medical supplies has increased in Q3, while it further weakened in the automotive and energy sectors,” UNCTAD said. Growth in the textiles sector was also strong.
Less carbon, more electric vehicles: automakers prepare for potential Biden win
Trump’s and Biden’s policies for autos and transportation diverge, presenting automakers with very different sets of risks and rewards.
f elected, Biden is expected to quickly reinstate the legal basis for California’s zero-emission vehicle rules and begin the process of reversing the Trump administration’s decision to ease fuel efficiency and carbon emission requirements through 2025.
Automakers could also face sharply higher penalties for failing to meet fuel-efficiency requirements. The Trump administration rolled back those penalties, which the industry said saved at least $1 billion in annual compliance costs, but a federal appeals court in August reversed the administration action.
Further rate hardening expected,cyber insurance market to surpass $ 7bn in 2020:Munich Re
Recent experiences following the lockdown of public life and the business world in many countries have been a wake-up call regarding the staggering potential for systemic risks to result in losses that subsequently trigger many different repercussions. Yet it is by definition impossible to insure risks that lead to losses everywhere at the same time, thus violating the fundamental criterion of insurability, said Munich Re.
Interest rates have dropped to record lows once again in 2020. Against the backdrop of the coronavirus crisis, it is increasingly likely that the current interest-rate environment will continue to affect low-risk investments for the foreseeable future. These circumstances mean that sustained profits, in long-tail business and elsewhere, will only be possible if prices match the assumed risks, explained Munich Re..
Pope says same-sex couples should be covered by civil union laws
“Homosexual people have a right to be in a family. They are children of God and have a right to a family. Nobody should be thrown out or be made miserable over it,” he said.
“What we have to create is a civil union law. That way they are legally covered. I stood up for that,” he said.
Cruise, GM to seek U.S. okay for self-driving vehicle without pedal, steering wheel
Under current law, companies can seek an exemption from motor vehicle safety standards for up to 2,500 vehicles for up to two years that do not meet existing federal rules.
The exemptions are for U.S. vehicle safety rules largely written decades ago that assumed human drivers would be in control of a vehicle.
Delhi’s pollution levels worsen, air quality still in ‘poor’ category
The Delhi government has kickstarted its ‘Red Light On, Gaadi Off’ anti-pollution campaign for which it has deployed 2,500 environment marshals at 100 traffic signals across the city to generate awareness and curb vehicular pollution.
Digital health ID not mandatory for accessing COVID vaccine: Health Ministry
The Health Secretary”s remarks came a day after Prime Minister Narendra Modi said India is working on putting a robust vaccine delivery system in place and its digitized network, along with the new digital health ID, will be used to ensure its success. The PM was speaking at the Grand Challenges Annual Meeting on Monday.
“The NDHM, as it exists today, does not make a digital ID or health ID mandatory to receive service under the digital ecosystem that NDHM is creating. To say it would become mandatory for vaccination and those who do not have health ID”s would be deprived is probably not the right interpretation,” Union Health Secretary Rajesh Bhushan said at a press conference.
India Post Payments to sell AIC’s Crop Insurance products
This strategic tie-up will be a win-win for both AIC and IPPB and will ultimately be beneficial mainly to the small and marginal farmers of the country at large.
Riding without helmet will now lead to 3-month suspension of driving license: Karnataka Govt
“As per new directives, helmets are mandatory for all two-wheeler riders who are over four years of age. State govt has imposed a 3-month suspension of driving license along with a penalty in case of violation,” said State Department of Transport, Karnataka.