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Tesla, Volvo Car pause output as Red Sea shipping crisis deepens
Late on Thursday, Tesla told Reuters it will suspend most car...
US regulator grounds Boeing 737 MAX 9 airplanes indefinitely, cancelling flights until Tuesday
Under more stringent supervision, the regulator will audit the...
Phased unlocking since June 1 has revived economic activities: Govt
With the phased unlocking of the Indian economy since June 1, 2020, high frequency economic indicators like PMI Manufacturing, index of eight core industries, E-way bills, Kharif sowing, power consumption, railway freight, cargo traffic and passenger vehicle sales have recovered and indicate growing convergence with previous year’s activity levels,” Union Minister of State for Home Nityanand Rai said in the Rajya Sabha
Phase-III trial of Oxford vaccine to begin in Pune next week
“The phase-III trial of ”Covishield” vaccine will begin at Sassoon hospital from next week. It is likely to start on Monday. Some volunteers have already come forward for the trial. Around 150 to 200 volunteers will be administered the vaccine candidate dose,” he said.
Poultry farms cause pollution, can’t be exempted from regulation: NGT
“Responsibilities of the states to the environment are by Public Trust Doctrine. The Water Act, the Air Act, and the Environment (Protection) Act have been enacted in the wake of international conventions and override all other legislations.They create an obligation on the regulatory authorities to enforce the environmental measures. There is no discretion to exempt the mandate of the Water Act for activities having the potential to cause water pollution,” the bench said.
Boeing hid design flaws in 737 Max from pilots, regulators: US panel
“The Max crashes were not the result of a singular failure, technical mistake or mismanaged event,” the report by the House Transportation and Infrastructure Committee said.
“They were the horrific culmination of a series of faulty technical assumptions by Boeing’s engineers, a lack of transparency on the part of Boeing’s management and grossly insufficient oversight by the” Federal Aviation Administration.
Energy transition to have transformative effect on Mining sector:WTW
Environmental Social Governance forms the key theme of the report, highlighting that the transition to a low carbon economy requires a fundamental reappraisal of mining company climate risk
IRDA to unveil standard Term Policy and covers for MSME and small dwellings soon:Khuntia
The guidelines regarding the standard products for term plans, dwelling and MSMEs will be rolled out soon by the regulator, said Subhash C Khuntia, chairman Irdai, while addressing CIIs 22nd Insurance and Pension Summit on Thursday.
The segment regulator is also looking to introduce the risk-based solvency for the insurance companies in next three years.
The regulator also believes that negative growth seen in the new premiums for insurance industry since March, will improve in the months to come.
GIC Re to manage Rs 75k cr Pandemic Pool,mandatory cover & parametric claim payment:IRDA Panel
Pandemic pool,with public-private-government participation, to cater 4 crore MSME workers,around Rs2000 crores of capacity expected from the industry and a substantial capacity coming from government in the form of backstop. Multiple trigger mechanism will be set separately for an epidemic and a pandemic event.Participation will be mandatory for the sectors which have been covered under the pool. This can be provided as a Standalone Product coverage for the event or as an add-on with the existing products.
“We are now putting the report on the formation of Pandemic Pool for the public feed-back and will soon set up the Pool,” said SC Khuntia, chiarman, IRDAI..
Facebook says will no longer show health groups in recommendations
Misleading health content has racked up an estimated 3.8 billion views on Facebook over the past year, peaking during the coronavirus pandemic, advocacy group Avaaz said in a report here last month.
Facebook, under pressure to curb such misinformation on its platform, has made amplifying credible health information a key element of its response. It also removes certain false claims about COVID-19 that it determines could cause imminent harm.
WHO says safety comes first as over 170 nations join COVID-19 vaccine plan
“We already face challenges with vaccine acceptance for many proven vaccines,” WHO chief Tedros Adhanom Ghebreyesus said in pre-recorded comments, as he spoke about the push to rapidly develop vaccines.
“We cannot risk having an effective vaccine for COVID-19 that people refuse because of the perception that it is unsafe.”
Generali GC&C appoints new head of underwriting in Asia
James Nash appointed as President and Chief Executive Officer, AIG Japan
Peak Re announced the appointment of . Matteo Cussigh as Senior Vice President of Markets ,