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Expanding missile threats and airspace closures are straining airlines
With increasing airspace closures around Russia and Ukraine,...
Former Kia India workers, scrap dealers face probe over theft of 1,008 engines
An initial police investigation found two former Kia India factory...
South Korea bans short selling in stocks citing economic uncertainties
"Despite a series of measures introduced in the past, recently, the authorities have discovered a number of illegal naked short selling practices conducted by foreign and institutional investors, raising concerns about the fair pricing function of domestic stock...
Govt blocks Mahadev app, 21 other illegal betting platforms on ED request
"Ministry of Electronics and Information Technology (MeitY) has issued blocking orders against 22 illegal betting apps & websites, including Mahadev Book and Reddyannaprestopro," the statement said. New Delhi: The Centre has issued blocking orders against 22...
AI should be guided by principles of safety, trust for users : MoS IT
''We have maintained that AI should be guided by principles of safety & trust for users, and accountability for platforms,'' Minister of State for Electronics and IT Rajeev Chandrasekhar said at the summit. New Delhi: Minister of State for Electronics and IT...
Australian companies, directors face new liability for nature-based risks
Directors could be held personally liable for breaching their “duty of care and diligence” under the Australian Corporations Act by not identifying and disclosing nature-based risks. The most egregious violations of director duties can carry large fines or lead to...
Crypto market shows signs of revival after FTX’s disastrous collapse
After peaking at $3 trillion in November 2021, the value of the overall crypto market plummeted through 2022, hitting a two-year low of $796 billion as FTX imploded. It has since clawed back some ground, hovering above $1 trillion most of this year. As of Thursday,...
Threat of haywire AI feeds calls for development pause, AXA Says
Artificial intelligence can provide lots of benefits of society, “but obviously we need to have very clear rules that these benefits are not being abused,” Thomas Buberl, chief executive officer of Paris-based AXA, said during an interview while visiting the campus of...
Deadly explosion off Nigeria points to threat from aging oil ships around the world
More than half the current fleet of FPSOs are recycled oil tankers, according to Oslo-based Rystad Energy, which keeps data on the ships. Senior analyst Edvard Christoffersen said that without a major repair, most oil ships have hulls built to last about 25 years. But...
Sompo International appoints Chiew as Head of Crisis Management, Commercial P&C Insurance, APAC
Pei Ru Chiew, head,Crisis Management, Commercial P&C Insurance in Asia Pacific, Sompo International “As Sompo International continues to pursue its global objectives, a top priority includes deepening our relationships in APAC. We are seeing growing demand for...
“Flight problems, baggage and refund issues are major complaints of air passengers”: DGCA
Consumer Affairs Secretary Rohit Kumar Singh mentioned that the National Consumer Helpline has received about 10,000 complaints related to the airline sector in the last year. The report states further that the maximum number of complaints were received by Indigo (61)...
FACTBOX-Governments race to regulate AI tools
Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI's ChatGPT are complicating governments' efforts to agree laws governing the use of the technology. Here are the latest steps national and international governing bodies are taking to...