A draft law prepared by the department of atomic energy removes a...
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SEBI chief urges corporates to raise the bar on governance
Tuhin Kanta Pandey, Chairman, SEBI “As a regulator, SEBI has laid...
Google holds illegal monopolies in ad tech, US judge finds
The ruling could allow prosecutors to argue for a breakup of...
COVID-19 stalls growth in MENA insurance markets: AM Best
The report highlights some common themes as weaknesses, the most important of which is risk governance, with companies adopting basic or minimum requirements to run their businesses LONDON: Middle East and North Africa (MENA) insurance markets have seen robust growth...
5G scare: AI cancels 8 US flights; DGCA working to overcome situation
Air India stated on Twitter that it won't be operate eight India-US flights on Wednesday "due to deployment of the 5G communications in the US". These eight Air India flights were: Delhi-New York, New York-Delhi, Delhi-Chicago, Chicago-Delhi, Delhi- San Francisco, San...
Airlines scramble to rejig schedules amid US 5G rollout concerns
The world's largest operator of the Boeing 777, Dubai's Emirates, said it would suspend flights to nine U.S. destinations from Jan. 19, the planned date for the deployment of 5G wireless services. Major international airlines rushed on Tuesday to rejig or cancel...
Deploying new 5G service will cause “catastrophic” aviation crisis :Major US airlines
The airlines warned the new C-Band 5G service set to begin on Wednesday could render a significant number of widebody aircraft unusable, “could potentially strand tens of thousands of Americans overseas” and cause “chaos” for U.S. flights The chief executives of major...
Cyber perils outrank Covid-19 and broken supply chains as top business risk globally and in Asia Pacific: Allianz Risk Barometer 2022
Cyber incidents tops the Allianz Risk Barometer for only the second time in the survey’s history (44% of responses), Business interruption drops to a close second (42%) and Natural catastrophes ranks third (25%), up from sixth in 2021 London/Munich/New...
India should adopt risk-based approach not blanket bans to contain Covid: WHO India head
''WHO does not recommend a blanket travel ban, nor complete restriction of people's movement. In many ways, such blanket approaches can be counterproductive. India with its diversity in population distribution and geographic spread, the risk-based approach remains the...
Banking, financial institutions struggling to deal with increasing fraud incidents: Deloitte survey
Key reasons identified for the increase in fraud incidents over the next two years include large-scale remote working models, increase in customers using non-branch banking channels and the limited/ineffective use of forensic analytics tools to identify potential red...
Nokia and Schweizer Electronics deploy first ever AI-based video analytics to improve railroad crossing safety
Karsten Oberle, Head of Rail at Nokia, said: “As the first deployment of its kind in Europe, this project with Schweizer Electronics and BLT enabled us to address many of the level crossing safety issues which are at the top of priority lists for rail operators. It is...
U.S. business fears never ending liability from ‘take-home’ COVID-19 lawsuits
The Dec. 21 ruling allowed a wrongful death lawsuit to proceed against See's Candies Inc, owned by Berkshire Hathaway, by the family of Arturo Ek of Los Angeles who died in April 2020 at 72 from COVID-19 As COVID-19 cases surge in the United States, businesses say...
Natural disasters cost $120bn of insured losses worldwide in 2021, relatively low losses in Asia-Pacific: Munich Re
Torsten Jeworrek, member of the Board of Management,Munich Re The costliest natural disaster in 2021 was Hurricane Ida, causing $65bn of economic losses and US$ 36bn of insured losses Torsten Jeworrek, member of the Board of Management,Munich Re, said the images of...