DGCA found 51 safety lapses at Air India in its July audit,...
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Risk Management
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Tsunami warnings fading after one of the largest earthquakes ever recorded
The danger had largely passed more than a day after the 8.8...
South Africa’s state-owned insurer sets up $1.1 billion riot buffer, to safeguard anticipated future unrest
“All the ingredients for a protest are in place — someone just...
Social commerce set to scale, but concern of authenticity looms large: Industry
''Social commerce is expected to grow 10x by 2030 to a USD 55 Billion market in India. It is particularly strong in Tier 2 and Tier 3 cities with a focus on affordable products, particularly in the fashion and home improvement space,'' said Anand Ramanathan, Partner,...
IMD using AI machine learning to enhance weather forecasts: Director general
"We aim to provide forecasts at the Panchayat or village level…tailoring weather information to sector-specific needs in agriculture, health, urban planning, hydrology, and environment," India Meteorological Department Director General Mrutyunjay Mohapatra said New...
Virgin Atlantic jet collides with BA plane on the ground, no causalities
Virgin said its Boeing 787-9 had completed a flight and had no passengers aboard when its wingtip clipped a stationary British Airways jet while being towed from a stand at the airport's Terminal 3 London: A Virgin Atlantic jet collided with another plane while it was...
China may misuse AI to disrupt elections in countries like India and US : Microsoft
"With major elections taking place around the world this year, particularly in India, South Korea and the United States, we assess that China will, at a minimum, create and amplify AI-generated content to benefit its interests," Clint Watts, General Manager, Microsoft...
SEC stays climate disclosure rule amid legal challenges
The U.S. Securities and Exchange Commission’s first-of-its-kind regulation on how companies share certain climate-related risks with investors had attracted multiple lawsuits. It aims to set standards for how companies communicate with investors about greenhouse gas...
Baltimore shipping set to resume by end of April with full capacity by end of May
The Port of Baltimore ranks first in the United States for the volume it handles of autos and light trucks and farm and construction machinery, according to the state of Maryland. Most of that traffic has been suspended since the accident, though some terminal...
CBDC transaction volumes down, P2M transactions growing: RBI
Reserve Bank of India deputy governor T Rabi Sankar said there are 46 lakh users and 4 lakh merchants transacting in CBDC right now, and added that as the acceptance of CBDC grows, there has been a growth in the P2M, or peer-to-merchant, transactions Mumbai: The...
High premiums the latest thing weighing on China’s EV market
According to S&P Global Ratings, that means the premiums for electric cars can range from 20% higher to double fuel-powered vehicles. In China, most people providing online car-hailing services also drive EVs, which is another risk factor insurers are looking at,...
Trump’s bond firm must show proof of resources, NY Says
Trump, the presumptive Republican nominee for the November presidential election, arranged the bond on Monday through an obscure insurance company run by one of his billionaire supporters, Don Hankey. But James, a Democrat, said Hankey’s Los Angeles-based Knight...
Forecasters predict ‘extremely active’ 2024 Atlantic hurricane season
The forecasts are closely monitored by coastal communities and energy companies. The U.S. Gulf of Mexico accounts for 15% of total U.S. crude oil production and 5% of its dry natural gas production, and nearly 50% of the nation’s oil-refining capacity resides on its...