Marco Rubio US ,Secretary of State The misuse of AI to deceive...
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Indian state Kerala sues Swiss-based Mediterranean Shipping Company, seeks $1.1 billion in compensation over oil spill
On May 25, Liberia-flagged MSC ELSA3 ship travelling from Vizhinjam...
Zurich Kotak General Insurance launches commercial insurance
Alok Agarwal, MD & CEO, Zurich Kotak General Insurance Alok...
Global Economy: Rising shipping costs to push inflation
Combined with disruptions at a drought-stricken Panama Canal in the Western Hemisphere, the rise in merchant shipping rates poses headwinds for central bankers in their inflation fight Shipping costs are rising as hundreds of container ships that typically transit the...
US sinks 3 Houthi vessels that attacked its container ship in Red Sea
CENTCOM said the navy responded to a request for assistance from the Maersk Hangzhou, a Singapore-flagged, Denmark-owned and operated container ship that reported coming under attack for a second time in 24 hours while transiting the Red Sea The Houthis have...
AI-powered deepfakes bare fangs in 2023, raise concern about impact on privacy, electoral politics
Supreme Court Advocate and chairman of the International Commission on Cyber Security Law Pavan Duggal said, ''It is a new emerging technology but is very quickly becoming a part of people's lives. More and more people are going to use deepfakes, not just by...
India to remain fastest-growing major economy in 2024
''After a couple of difficult years, the economic environment is turning more benign with inflation trending down and growth remaining robust. Most forecasts project that growth in 2024-25 would be close to but slightly lower than in 2023-24. The global slowdown and...
2023: AI becomes hashtag, goes mainstream; India sets guardrails for data privacy, user safety
India’s resolve to safeguard netizens from new kinds of user harms emerging in the digital space was clear, as the government moved decisively to craft regulations and laws. It crafted a future-ready framework that would not just protect digital personal data but also...
Researchers discover wide range of risk factors for young-onset dementia
Dr Leah Mursaleen, Head of Clinical Research at Alzheimer's Research UK, which co-funded the study, said: "We're witnessing a transformation in understanding of dementia risk and, potentially, how to reduce it on both an individual and societal level. In recent years,...
China revises company law to tighten capital contribution rules
PricewaterhouseCoopers said on its social media account last month that the change appears to be aimed at better protecting creditors, although it’s also likely to “lower investors’ enthusiasm to start new businesses.” Chinese lawmakers changed the country’s Company...
Google settles $5 billion consumer privacy lawsuit
The plaintiffs alleged that Google’s analytics, cookies and apps let the Alphabet unit track their activity even when they set Google’s Chrome browser to “Incognito” mode and other browsers to “private” browsing mode Alphabet’s Google has agreed to settle a lawsuit...
Jan 1 renewals: Orderly reinsurance market with increasing capital, says Guy Carpenter
Global property catastrophe reinsurance risk-adjusted rate changes averaged from near-flat to single-digits up for non-loss impacted and 10%-30% up for loss-impacted programs, with a wide range of outcomes around these averages Guy Carpenter and AM Best’s 2023...
Risk Report: Building Risk Culture for India Inc
Sanjeev Mantri, MD & CEO, ICICI General Insurance Profound urgency of Climate Change continues to be undervalued among India Inc. Only Energy and Utilities, Hospitality, Infrastructure and Real Estate and FMCG sectors identified Climate Change and Natural...