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Why can’t Centre formulate ‘clear cut’ policy to regulate cryptocurrency? asks SC
“Why does Centre not come out with a clear cut policy on regulating...
New e-Zero FIR will help nab cyber criminals with unprecedented speed, says Amit Shah
Union Home Minister Amit Shah Started as a pilot project for Delhi,...
Global Nat Cat economic losses reach $77 Billion in Q1 2023, the highest Q1 total in 12 years, Gallagher Re
Public and private insurance entities covered at least an estimated $22B of that total, resulting in a 72% or $55B protection gap, the portion of the economic loss not covered by insurance The February earthquake sequence in Turkey and Syria accounted for an estimated...
Cybersecurity nightmare in Japan can pose global risks
The country produces about 80% of fine chemicals for electronics and dominates the global supply of photoresist, a light-sensitive material that’s used in making semiconductor chips, according to Ulrike Schaede, professor of Japanese Business at the School of Global...
Political Risk loss frequency surges in 2022,Ukraine war delivers widespread financial losses
Looking to the year ahead, Ukraine heads the list of interview panel members’ top risks for 2023, followed closely by decoupling from China and crisis and new regulations in the EU The 6th annual political risk survey produced by WTW, found that an unprecedented 92%...
Munich Re won’t extend Nord Stream 1 coverage when it expires this year
Sources told Reuters that Allianz and Munich Re were among the European insurers that had previously renewed coverage for the damaged Russian-controlled Nord Stream 1 gas pipeline Munich Re will not proactively extend coverage for the Nord Stream 1 pipeline when it...
After Munich Zurich Insurance quits Net-Zero Insurance Alliance
Zurich’s departure will raise further questions about the workability of voluntary industry associations targeting emissions reductions. While GFANZ, as the biggest finance sector initiative with sub-groups covering insurance to banking, has raised the awareness among...
No sweeping power or a draconian move: MoS IT on govt’s fact-checking unit
Rajeev Chandrasekhar,Union Minister of State for Electronics and IT Replying to a tweet from Independent MP Kapil Sibal, Union Minister of State for Electronics and IT, Rajeev Chandrasekhar said that the new IT rules "already provide for social media platforms to...
Cases of substandard pharma products: Pharmexcil talking to authorities abroad to retain confidence
This assumes significance on the backdrop of two recent incidents of alleged cough syrup adulteration/sub-standard items found in products exported to Gambia and Uzbekistan New Delhi: Cases of substandard pharma products: Pharmexcil talking to authorities abroad to...
UN maritime agency raises concerns about shadow oil tanker fleet
Countries including Spain, Australia, the U.S. and Canada are part of a push at the IMO to increase oversight of the murky activities in oil trading that have emerged within the last year. Russia’s invasion of Ukraine — and subsequent sanctions by Western governments...
Data theft of 66.9 crore persons: Cyberabad police serve notices to 11 organisations
The accused person was found in possession of the data of students of edu-tech organisations as well as the GST details of persons and companies, and the consumer/customer data of major organisations such as road transport corporations of various states, major...
Italy curbs ChatGPT, starts probe over privacy concerns
The rapid development of the technology has attracted attention from lawmakers in several countries. Many experts say new regulations are needed to govern AI because of its potential impact on national security, jobs and education. The European Commission, which is...