Officials said the possibility that it was caused by a cyber attack...
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India, as fastest growing economy, is ideal investment destination: RBI Governor
Sanjay Malhotra,Governor,Reserve Bank of India . Malhotra...
Govt cautions citizens against using public Wi-Fi for transactions
Free Wi-Fi at places like airports, coffee shops, and public spaces...
WHO says it advised Ukraine to destroy pathogens in health labs to prevent disease spread
Biosecurity experts say Russia's movement of troops into Ukraine and bombardment of its cities have raised the risk of an escape of disease-causing pathogens, should any of those facilities be damaged The World Health Organization advised Ukraine to destroy...
Biden orders government to study digital dollar, other cryptocurrency risks
Wide-ranging oversight of the cryptocurrency market, which surged past $3 trillion in November, is essential to ensure U.S. national security, financial stability and U.S. competitiveness, and stave off the growing threat of cyber crime, administration officials said...
BMW recalling 917,000 U.S. vehicles over engine fire concerns
The latest recall includes numerous vehicles built between 2006 and 2013, including some 1 Series, 3 Series, X3, 5 Series, X5 and Z4 models because the heater for the positive crankcase ventilation valve (PCV) may short-circuit and in extremely rare cases could...
Russia-Ukraine War: Chernobyl nuclear plant no longer transmitting to IAEA
"I'm deeply concerned about the difficult and stressful situation facing staff at the Chornobyl nuclear power plant and the potential risks this entails for nuclear safety," said International Atomic Energy Agency (IAEA) chief Rafael Grossi Vienna: The Chernobyl...
GLOBAL MARKETS-Global shares fall, oil rises in volatile trading after Russia oil ban
The rally in oil and other commodities has heightened investor fears about global inflation. Data this week is expected to show the U.S. consumer price index climbed a stratospheric 7.9% on a year-on-year basis in February, up from 7.5% in January Solita Marcelli,...
Confusion, but not panic, reigns in global finance in Russia’s wake
"There is so much more capital in the system. Russia is not that big. Risk management is better,” Schamis said, comparing the situation now to the financial crisis in 2008 when he had a front-row seat as someone with capital to invest Western allies’ sanctions against...
Overseas re/insurers have small exposure to Russia, have strong capital position to avoid a deterioration in credit quality: S&P
Many global and regional reinsurers have exposure to Russia, as well as some industrial line writers. As of now global reinsurers' exposure is very limited, in most cases less than 1% of assets and existing liabilities, in some cases even less than 0.1%....
Russian military control of Ukraine nuclear plants cause for grave concern, nuclear energy agency warns
In another worrying development, the regulator said that all communications have been lost with the enterprises and institutions in the port city of Mariupol that use category 1-3 radiation sources, and there is no information about their status. Such radioactive...
Could the Ukraine invasion spark a global financial crisis?
The threat to banks with over US$100 billion of Russian debt in foreign banks, this raises questions about the risks to banks outside Russia – and the potential for a default to kick off a 2008-style liquidity crisis, where banks panic about the state of other banks'...
War in Ukraine, sanctions will have ‘severe impact’ on global economy: IMF
“Price shocks will have an impact worldwide, especially on poor households for whom food and fuel are a higher proportion of expenses,” the IMF said. “Should the conflict escalate, the economic damage would be all the more devastating. The sanctions on Russia will...