Thomas Blunck, CEO, Reinsurance, Munich Re: “As digitalization...
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Chinese military conducts large-scale drills around Taiwan
China considers Taiwan a part of its territory, to be brought under...
Announcements by US to have substantial implications for global trade: WTO DG
"While the situation is rapidly evolving, our initial estimates...
European, U.S. regulators tell banks to prepare for Russian cyberattack threat
Now the European Central Bank, led by former French minister Christine Lagarde and which has oversight of Europe's biggest lenders, is on alert for the threat of cyber attacks on banks launched from Russia, the people said FRANKFURT/LONDON: The European Central Bank...
Former Warburg banker gets jail term in German fraud trial
He is the second person to receive a jail sentence for trading activity that thrived during the years after the financial crash and cost Germany more than five billion euros ($5.72 billion) The fraud involved trading shares rapidly around a syndicate of banks,...
Surety Bond: To Be On a Sure Footing
Rrajesh Sharrma, CEO and Principal Officer, Anand Rathi Insurance Brokers Considering the size of the Indian economy, the market demand for surety insurance will be so huge, it can be another game-changer like agricultural insurance after the introduction of Pradhan...
Cyberbullying a top concern on Safer Internet Day
Young people spend more time online than the rest of the population, International Telecommunication Union (ITU) said. an estimated 71 per cent of people aged 15 to 24 using the Internet, compared to just 57 per cent for all other age groups With more children and...
Reliance Jio faces over 8-hr outage in Mumbai
Users complained of getting a message saying they are not registered on the network while attempting a call while those calling Jio subscribers could not get through Mumbai: Users of the Mukesh Ambani-led telco started facing issues at around noon and the company...
KPMG faces £1.3b lawsuit over UK contractor’s collapse
The UK’s Official Receiver, acting on behalf of Carillion’s creditors, accused KPMG of failing to spot misstatements on the group’s accounts and provided misleading financial statements, according to court documents filed on Jan. 17 and made public Thursday KPMG LLP...
As NFTs flourish, U.S. Treasury raises alarm over money laundering in art
In a study published on Friday, the Treasury found that there is some evidence of money laundering risk in the high-value art market, but limited evidence of terrorist financing risk, the Treasury said in a statement The U.S. Treasury Department on Friday issued a set...
News Corp says it was hacked; believed to be linked to China
News organizations are prime targets for the world's intelligence agencies because their reporters are in constant contact with sources of sensitive information. Journalists and newsrooms from Mexico and El Salvador to Qatar, where Al-Jazeera is based, have been...
Social media be made more accountable: IT Minister Ashwini Vaishnaw
Information Technology Minister Ashwini Vaishnav ''We have to bring about a balance and consensus to make social media accountable to ensure the safety and security of our women and our future generations. For this social media rules have to be strengthened'' New...
Ukraine in focus for Olympics insurers as Beijing Games kick off
If there is war between Russia and Ukraine, teams and broadcasters could also suffer war-related losses themselves, as war involving the five so-called "superpowers" of the United States, Britain, France, China and Russia is often excluded from cancellation policies,...