The bench said it would hear the pleas on Tuesday and added that...
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Threats, political repatriations and kidnap dominate global crisis management landscape, says Willis report
Will Miller, Head of Crisis Management, Asia Pacific at Willis...
Glittering Gold: Pricey Assets in Demand
The drivers behind this surge include heightened uncertainty and...
Inside a ransomware attack: how dark webs of cybercriminals collaborate
Not only do these attacks have a crippling economic effect, costing billions of dollars in damage, but the stolen data acquired by attackers can continue to cascade down through the crime chain and fuel other cybercrimes. Ransomware attacks are also changing. The criminal industry’s business model has shifted towards providing ransomware as a service. This means operators provide the malicious software, manage the extortion and payment systems and manage the reputation of the brand.
China’s worse-than-Suez ship congestion set to widen global trade chaos
“There are bottlenecks in ports all over the world because of Covid outbreaks — people are not going to work in the same numbers and aren’t working at the same speed as they did before the pandemic,” says Bjorn Hojgaard, CEO of Anglo-Eastern Univan Group, a company that manages operations for a fleet of 700 ships globally, including everything from tankers to bulk to container ships.
Cathay Pacific working with Airbus on single-pilot system for long-haul
That promises savings for airlines, amid uncertainty over the post-pandemic economics of intercontinental flying. But it is likely to encounter resistance from pilots already hit by mass layoffs, and safety concerns about aircraft automation.
Lufthansa has also worked on the single-pilot programme but currently has no plans to use it, a spokesman for the German carrier told Reuters.
MHA operationalises national helpline, reporting platform for preventing cyber fraud
The helpline was soft launched on April 1, 2021. The helpline 155260 and its reporting platform has been made operational by the Indian Cyber Crime Coordination Centre (I4C) under the home ministry, with active support and cooperation from the Reserve Bank of India (RBI), all major banks, payment banks, wallets and online merchants.
Cooperation from insurance companies for road safety activities is negligible:Gadkari
”Around 1.5 lakh persons die due to road accidents (every year)… My internal target is before 2024, we will reduce deaths and accidents by 50 per cent,” the Road Transport and Highways Minister said.
Around 50 per cent of road accidents are due to road engineering problems, he pointed out.
Reinsurers look at dumping coal from bulk-buy policies in green gambit
Five of the world’s six largest reinsurers – Swiss Re, Munich Re, Hannover Re, SCOR and Lloyd’s of London – have already scaled back bespoke coverage for coal projects. But only Swiss Re, in a statement in March, has said it will go further and tighten its treaty reinsurance stance.
A rail contractor to Adani Enterprises’ giant Australian coal project last month, for example, asked the Australian government for help to obtain insurance that it was not able to secure from the market.
“The first consequence is insurance is harder to get, the second consequence is it’s expensive, the third consequence is there are all sorts of caveats on it and at the extreme you might not be offered it”, said Paul Merrey, insurance partner at KPMG.
Bank, airline websites go dark briefly in international internet outage
The resultant cascading failures, which affected services from Amazon.com Inc. to Shopify Inc. and Stripe Inc., served as a stark reminder of how exposed the world’s biggest websites are to the impact of disruptions ranging from simple human error to coordinated cyberattack.
Coca-Cola’s market value plunges $4 billion after Cristiano Ronaldo’s snub
Coca-Cola’s share price dropped from $56.10 to $55.22 almost immediately after Ronaldo’s gesture, a 1.6% dip. The market value of Coca-Cola went from $242bn to $238bn – a drop of $4bn.
The Portugal captain is a renowned health fanatic and made it clear what he thinks of the carbonated soft drink.
Alibaba victim of huge data leak by consultant: Chinese Court
A central Chinese court ruled that an employee of a consultant that helps merchants on Alibaba’s Taobao online mall was guilty of dredging up more than a billion data items on Taobao users since 2019, using that to serve clients. The court imposed jail terms of more than three years on the staffer and his employer, alongside fines totaling 450,000 yuan ($70,260).
AXA XL appoints new leadership for Global Political Risk, Credit & Bond
AXA XL underwrites PRCB coverages to large organizations on a global basis. This class includes Political Risk insurance, Credit insurance covering the non-payment of debt obligations and providing commercial bonding requirements around the globe.