Runway end safety areas at nine airports will be lengthened to 240...
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Employee medical plan costs: Aon forecasts 11.1% increase for businesses in Asia Pacific
"The high medical trend rate can also be attributed to a higher...
India expands Russian insurers’ pool after US sanctions
As well as extending approvals for some sanctioned providers,...
Disaster feared as chemical cargo ship sinks off Sri Lanka
The Singapore-registered MV X-Press Pearl, carrying 1,486 containers, including 25 tonnes of nitric acid, along with other chemicals and cosmetics, was anchored off the island’s west coast when a fire erupted on May 20. Authorities have been battling the blaze since then, as flaming containers laden with chemicals have fallen from the ship’s deck, the navy said last month.
Chubb report reveals risk and uncertainty faced by digital SMEs
Chubb partnered with Accenture to survey small and mid-sized businesses in nine markets around the world and the results revealed four mega-trends that impact businesses pursuing digital transformation.
Covid-19 second wave hits PSBs collection in May: Indian Bank Association
Replying to a question on the impact of the second wave on collection in Equated Monthly Installment (EMI) of Home Loan, Personal loan and payment of credit card bills when compared with the first wave, R Rai said, “We have seen some substantial improvement in the month of April 21 against April 2020, but we are witnessing the impact on the collection of banks in the current month of May.”
China-backed projects in Africa face fierce backlash from environmentalists
“There is no doubt that Chinese commercial actors … have tried to evade environmental requirements,” said Yun Sun, director of the China programme at the Stimson Centre in Washington.
Meanwhile, a senior fellow at Duke University’s Nicholas Institute, said Beijing was not unaware of the potential risks involved with private and state-owned firms operating in belt and road countries.
“Reducing these risks requires more uniformly applied standards and practices on environmental and social issues by China’s outbound actors, which is likely to come only via coherent policy requirements from the top down,” he said.
Biden budget sets aside $750 mln for SolarWinds response
The money comes on top of a $500 million fund for federal cybersecurity as the U.S. government recovers from the cyber attack that hit nine agencies including the State Department and Treasury.
The hack of information technology company SolarWinds, which was identified in December, gave access to thousands of companies and government offices that used its products. Microsoft President Brad Smith described the attack as “the largest and most sophisticated attack the world has ever seen”.
Carmakers in ‘India’s Detroit’ allowed to operate as workers protest COVID risk
Tamil Nadu government order issued on Saturday said so-called continuous process industries, which include auto factories, would be allowed to function in accordance with measures such as social distancing to stem the virus’s spread.
It also urged vehicle manufacturers to initiate immediate action to vaccinate all their employees within a month.
Nuclear flash cards: US secrets exposed on learning apps
“By simply searching online for terms publicly known to be associated with nuclear weapons, Bellingcat was able to discover cards used by military personnel serving at all six European military bases reported to store nuclear devices,” wrote Foeke Postma, the author of the Bellingcat article.
After Colonial attack, energy companies rush to secure cyber insurance
Insurers are preparing to increase cyber insurance premiums by 25% to 40% across many industries because of the number of claims, insurance companies and brokers have said. But energy companies should expect rate increases at the higher end of the spectrum as the Colonial attack exposed their vulnerabilities and exposed insurers to losses.
Lloyd’s to partner London Market Insurance Companies and DXC Technology to transform its digital processing
London: Lloyd’s, London Market Insurance Companies and DXC Technology partner to transform the technology and digital processing that powers the world’s largest insurance marketplace. Lloyd’s, DXC Technology, the Boards of the Lloyd’s...
Amid dispute, Suez Canal blames ship’s grounding on speed, rudder
The Suez Canal Authority (SCA) sought compensation of $916 million for the blockage in court but later reduced its request to $550 million, including a $200 million deposit to secure the ship’s release.
It says the owner has offered $150 million in compensation. Shoei Kisen has not commented on the negotiation.