James Roberts, Partner, London, said: “Economic pressures are...
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July 1 reinsurance renewals confirm downward pricing pressure: Fitch
Pricing across most reinsurance lines continued to gradually fall,...
Irdai forms panels to look into violations by insurers
"As part of enforcement function, to decide on the violations...
Legal fog over central bank digital currencies “unacceptable”, BIS warns
Some 11 countries have already launched them and next month the European Central Bank is expected to receive the green light to start work on a digital euro Developing national digital currencies are at risk due to a lack of legal powers to issue them in most of the...
Govt may propose up to Rs 500 crore fine for violations under Digital India Bill
Under the proposed bill, the Centre may authorise any government agency to monitor and collect traffic data generated, transmitted, received or stored in any digital system to enhance cyber security. It also aims to identify, analyse and prevent intrusion or spread of...
Google unveils Android Earthquake Alerts System in India
"We hope to supplement the government's efforts on earthquake alerts and provide people with the advance notice they need to stay safe. In India, we have been working closely with the NDMA to provide users with helpful safety information about natural disasters such...
Musk’s X is the biggest purveyor of disinformation, EU official says
Ahead of upcoming elections, Google, TikTok, Microsoft and Meta also have more to do to tackle disinformation, much of it coming from Russia, which is using social media to wage a "war of ideas'' against democracy, European Commission Vice President Vera Jourova said...
US urges court to consider Amazon.com asset sales for breaking antitrust law
“The FTC and its state partners say Amazon’s actions allow it to stop rivals and sellers from lowering prices, degrade quality for shoppers, overcharge sellers, stifle innovation, and prevent rivals from fairly competing against Amazon,” the agency said in a statement...
Cough syrup deaths overseas prompt US crackdown on toxic testing
Cough syrups made in India and Indonesia have been linked to deaths of more than 300 children globally. The medicines were found to contain high levels of DEG and EG, leading to acute kidney injury and death. The poisonings have sparked criminal probes, lawsuits and a...
OpenAI CEO says possible to get regulation wrong, but should not fear it
Sam Altman, CEO,ChatGPT “Models that are like 10,000 times the power of GPT4, models that are like as smart as human civilization, whatever, those probably deserve some regulation,” The CEO of ChatGPT maker OpenAI said on Monday that it was possible to get regulation...
AI, robots and satellite sensors are helping in the fight against wildfires
“It’s a huge game changer for the fire service,” says Schneider of the technology created by Pano AI, which acts as a second set of eyes looking out for fires. While AI alone won’t completely ease the burden of wildfire management, it’s one of a growing number of...
Metal-mining pollution impacts 23 mn people globally: Study
``Our new method for predicting the dispersal of mine waste in river systems worldwide provides governments, environmental regulators, the mining industry and local communities with a tool that, for the first time, will enable them to assess the offsite and downstream...
“Without citing any evidence or basis”: Centre rebuffs Moody’s “baseless” opinions on Aadhar
The UIDAI issued a strong rebuttal to Moody's Investors Service which claimed that the Aadhaar system often results in service denials and the reliability of biometric technologies, especially for manual labourers, in hot and humid climates is questionable New Delhi:...