Union Home Minister Amit Shah on Sunday reviewed country's...
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Spanish health authorities move to evacuate passengers from infected ship
All passengers on the luxury cruise ship MV Hondius are considered...
Toyota Motor Corporation flags $4.3 bn war hit on supply shocks
Toyota Motor Corporation reported a nearly 50% drop in quarterly...
SEBI sets up ‘cyber-suraksha.ai’ task force amid rising AI-driven cyber risks
"The rapid evolution of emerging technologies including AI-driven vulnerability identification tools (E.g. Claude Mythos) has introduced new dimensions of risks for Regulated Entities," SEBI said in the circullar. New Delhi:Market regulator Securities and Exchange...
Oil trader’s lawsuit exposes fragility in global freight pricing system”
The case is the latest example of how oil traders and shippers are struggling to adjust to the disruption wrought by the near-closure of the Strait of Hormuz, with executives and lawyers already predicting a slew of legal disputes. A legal claim from one of the...
QatarEnergy extends force majeure on Edison LNG supply to early July
Based on the information received so far, Edison now expects a reduction in future deliveries from QatarEnergy of around one third of the annual contracted volumes, before taking into account any potential mitigation actions, the utility said. MILAN: QatarEnergy has...
Berkshire taps Charlie Shamieh to succeed Ajit Jain as insurance chief, WSJ reports
Charlie Shamieh,chairman, Gen Re Berkshire owns reinsurer Gen Re, where Shamieh has served as chairman since 2018. Before that, he held leadership positions at AIG Berkshire Hathaway has selected Gen Re Chairman Charlie Shamieh as successor to longtime insurance...
Geopolitical and legal volatility accelerates for insurance buyers:Aon says
“Conflicts, supply‑chain disruption and sanctions exposure are testing policy language, capacity and claims assumptions simultaneously. Organizations that stress‑test their programs now will have far more options than those forced to react later, Joe Peiser, CEO of...
PSU banks looks to scale up IT spend in view of cyber threat posed by Anthropic Mythos
Mythos’ advanced coding capabilities give it an unprecedented potential to detect cybersecurity weaknesses and develop methods to exploit them, sparking concerns that it could be used to disrupt banking systems. New Delhi:Public sector banks are bracing up to increase...
Scindia launches nationwide mobile alert system for disaster emergencies
Jyotiraditya Scindia,Union Minister of Communications Cell Broadcast Solution (CBS) is a telecom-enabled public warning system that enables authorities to broadcast simultaneous, geo-targeted alerts to mobile devices within a defined area. Integrated with the...
FinMin asks banks to adopt MuleHunter AI tool of RBI to check cyber frauds
M Nagaraju, Secretary, DFS During the meeting he also advised State Level Bankers' Committee to sensitise the State Police Authorities about the steps taken by the banks for prevention of cyber financial frauds and undertake greater public awareness initiatives, the...
Fraudsters now exploiting e-Commerce sector at a scale similar to Jamtara banking scams: Report
An analysis of 70 million marketplace users by AI- powered risk decisioning platform Bureau, revealed that coordinated groups are now exploiting online systems at a scale similar to the Jamtara banking scams. Organised fraud networks are now systematically targeting...
$2.8 billion Baltimore Bridge settlement:Impacts on marine (re)insurance market
The vast majority of the $2.8 billion will be absorbed by the reinsurance and retrocession markets. While some market participants initially anticipated the full $3 billion limit of the International Group’s reinsurance tower could be called upon, statutory...