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Retaliation risk looms for some U.S. corporates as trade war continues: Fitch
The scope of potential retaliation is evolving as the trade war...
Sebi to review ESG disclosures for listed firms: Chairman
Tuhin Kanta Pandey, chairman, Sebi The review, which follows...
ICAI to soon get powers to act against erring partnership firms
As part of efforts to bolster the disciplinary mechanism of the ICAI as well as the institutes of cost accountants and company secretaries, Corporate Affairs Minister Nirmala Sitharaman on Friday introduced a bill in the Lok Sabha to amend the Acts governing these...
Biden’s highway safety pick vows to reduce US traffic deaths
An estimated 38,680 people were killed in traffic crashes in 2020, the most since 2007 in USA , even though total miles driven dropped at the beginning of the pandemic. In the first three months of 2021, 8,730 people died in motor vehicle traffic crashes, a 10.5%...
Fitch downgrades Sri Lanka’s sovereign rating to ‘CC’
''The downgrade reflects our view of an increased probability of a default event in coming months in light of Sri Lanka's worsening external liquidity position, underscored by a drop in foreign-exchange reserves set against high external debt payments and limited...
France says facial recognition company Clearview breached privacy law
The CNIL stressed that Clearview's collection of publicly-available facial images on social media and the Internet had no legal basis and breached European Union rules on data privacy. France's data privacy watchdog CNIL has ordered Clearview AI, a facial...
Cryptocurrencies a challenge for emerging markets, regulation needed: IMF chief economist
Gita Gopinath,Chief Economist,International Monetary Fund ''I think cryptocurrencies are a particular challenge for emerging markets. It seems to be more attractive to adopt cryptocurrencies and assets in emerging economies than in advanced economies,'' she said while...
Insurance industry joins initiative for decarbonising global shipping
"The disclosure framework provided by the Poseidon Principles will enable us to credibly report our progress towards net-zero insurance using granular marine data," Patrizia Kern, marine head at Swiss Re Corporate Solutions, said in a statement Other insurers and...
IndiGo flight to Tirupati diverted to Bengaluru after technical snag
Actor-turned-politician and YSRCP MLA Roja Selvamani said that she will file a defamation suit against IndiGo and its management for demanding excess money, changing the destination, and delay in travel A Rajahmundry-bound IndiGo flight for Tirupati was diverted to...
Tesla hit by string of US sex harassment lawsuits
"Tesla's factory floor more resembles a crude, archaic construction site or frat house than a cutting-edge company in the heart of the progressive San Francisco Bay area," several of the suits claim The lawsuits -- filed within a month of two others -- add to the...
Volatile markets, US lawsuits, ESG issues and SPACs create new risks for managers:Allianz
“The actions and culture of organizations and their directors and officers are coming under heightened scrutiny from a wide range of stakeholders, with litigation risk a primary concern,” says Shanil Williams, Global Head of Financial Lines at AGCS London/New...
Global insured Cat losses rise to USD 112 billion in 2021, the fourth highest on record: Swiss Re
The two costliest natural disasters of the year were both recorded in the US. Hurricane Ida wreaked USD 30 – 32 billion in estimated insured damages,including flooding in New York, and winter storm Uri caused USD 15 billion in insured losses, ”In 2021, insured losses...