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Global natural disasters cause overall losses of around $ 131bn,insured losses at $ 80bn in H1 2025, says Munich Re
Thomas Blunck, Member of the Board of Management After the record...
Amazon faces two mass lawsuits from retailers and consumers worth up to $5.4 billion
Amazon argued that the Competition Appeal Tribunal should certify...
AI tools trigger surge of fake sexual images of women and teens: Report
US President Joe Biden’s AI executive order recommends, but does not require, companies to label AI-generated photos, videos and audio to indicate computer-generated work San Francisco: Amid the controversy surrounding a reported morphed video of actor Rashmika...
As devastated Acapulco rebuilds, other Mexico resorts urged to heed its lessons
As Acapulco rebuilds after the deadly Category 5 hurricane, climate experts, architects, engineers and politicians recommended steps Mexico should take. These include tougher building standards, improving flood water management and enhancing storm detection to avoid...
Boeing says ‘cyber incident’ hit parts business after ransom threat
Lockbit was the most active global ransomware group last year based on the number of victims, and it has hit 1,700 U.S. organizations since 2020, according to the U.S. Cybersecurity and Infrastructure Security Agency (CISA) Boeing, one of the world’s largest defense...
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...