The aviation chaos mirrored the citywide disruption as Kolkata lay...
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China’s EV boom saddles its auto insurers with large losses
Despite EV drivers paying anywhere from 20% higher to double the...
Airport chaos highlights rise in high-profile ransomware attacks: cyber experts
The European Union's cybersecurity agency ENISA confirmed on Monday...
2024 Geopolitical Risk: Increasingly complex global risk landscape in landmark election year
Insured losses from civil unrest by 4-year period – 2012 to 2023 (Source: Howden, NOVA) Howden data shows that insured losses from civil unrest have risen significantly over the last decade to total USD 7 billion in 2020-23. Rather than a series of random acts, recent...
North Korean hackers stalk crypto startups scrimping on security
Hacks and scams cost the crypto industry an estimated $1.8 billion last year, down about 50% from 2022, according to Immunefi, which runs a platform where companies offer bounties to those who locate and flag security flaws in their software. A drop in the very...
Sanctions are finally starting to bite Moscow’s oil supply chain
Indian oil refiners — Moscow’s second-biggest customers after China since the 2022 invasion — will no longer accept tankers owned by state-run Sovcomflot PJSC because of the risk posed by sanctions. The Russian oil-export machine funding the Kremlin’s war in Ukraine...
Apple, Google, Meta targeted in EU’s first Digital Markets Act probes
The European Union law, effective from March 7, aims to challenge the power of the tech giants by making it easier for people to move between competing online services like social media platforms, internet browsers and app stores. That should in turn open up space for...
After pricing, IRDAI now allows general insurers freedom of wordings in corporate policies from Apr 1
Now, the insurers can change terms, conditions, clauses, warranties, policy and endorsement wordings applicable to certain classes of business such as Fire, Engineering, Motor, Workmen’s Compensation and other classes of insurances which were not allowed earlier....
Google, Apple breakups on the agenda as global regulators target tech
That in turn could inspire watchdogs around the world to pile on, as evidenced in the growing number of antitrust probes in various countries following the opening of EU and U.S. cases. Since AT&T was broken up exactly 40 years ago, no company has faced the...
China blocks use of Intel and AMD chips in government computers, FT reports
The procurement guidance also seeks to sideline Microsoft's Windows operating system and foreign-made database software in favour of domestic options, the report said. According to the FT report, Chinese officials have begun following the guidelines, which were...
UNCTAD optimistic about global trade outlook in 2024
Persistent geopolitical tensions, rising shipping costs, and high levels of debt weighing on economic activity in many countries may still exert negative influences on global trade, it added Moderating global inflation and improving economic growth forecasts an...
Karnataka moves SC seeking direction to Centre to release funds for drought management
"Cumulatively for Kharif 2023 season, the agriculture and horticulture crop loss have been reported in more than 48 lakh hectares with the estimated loss (cost of cultivation) of Rs 35,162 crore," the plea, filed through advocate D L Chidananda, said New Delhi: The...
Centre issues guidelines to states, UTs on preventing hospital fires during summer months
As temperatures escalate during the summer months, hospital fires become a significant threat, the advisory said New Delhi: With temperatures rising, the Centre on Saturday directed states and Union territories to ensure that all hospitals within their jurisdiction...