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Govt to issue guidelines on pesky calls next month: Consumer Affairs Sec
Consumer Affairs Secretary Nidhi Khare said the department has...
European Central Bank plans insurance for climate risks
One part of the plan is a voluntary public-private reinsurance...
U.K. points to Political Risk in new Hong Kong business guidance
The UK government updated its guidance Tuesday for the business risk level in Hong Kong to include a warning that a China-drafted national security law imposed last year was “already reducing the extent to which the people of Hong Kong are able to exercise their fundamental rights and freedoms.”
The guidance also lays out recent political changes in Hong Kong, citing “increasing concerns” about freedom of speech and the risk of police action against perceived national security threats.
Australian regulator raises antitrust doubts over Aon’s $30-billion Willis Towers bid
The regulator said the deal may lead to price increases or reduced service levels for large or high-value commercial insurance customers and may also limit the insurance coverage and pricing smaller brokers could get for their customers.
Uber defends contractors ahead of EU law on gig workers’ rights
The company has been criticized for classifying its drivers as independent contractors rather than employees entitled to rights, such as a minimum wage, paid holidays and rest breaks.Uber has a mixed record in defending its business model. It scored a victory in California in November last year when voters passed a proposition allowing it to treat its drivers as contractors. One of its biggest tests so far will be on Feb. 19 when the UK Supreme Court will rule on workers’ rights.
Rising Risk of Cyber-attack on Industrial Sector:Lloyd’s Report
Cyber-attack risks have previously been considered unlikely to materially impact the physical market, with cyber perils traditionally emerging in the form of non-physical losses. However, the report looks at how physical risks have become a rapidly growing concern for industrial businesses as shown by recent high-profile breaches. As bridges are increasingly being built between information technology (IT) and operational technology (OT), along with increases in automation and sophistication of threat actors, it is paramount that (re)insurers carefully consider where major losses may occur.
Reining in high fiscal deficits key to India keeping investment grade rating – S&P
“We will be watching the balance between the economy and the fiscal settings in India very closely going forward because in our opinion higher growth rates over the next few years are going to be critical to contain, maintain and finance the government’s higher fiscal deficits and debt stock,” Andrew Wood, director Asia-Pacific Sovereign Ratings at S&P Global Ratings, said during a webinar.
Plan to reduce 50% of road related deaths by 2025, says Gadkari
He said the Ministry has already rectified 2,500 of the identified 6,000 black spots
“We are in the process (to rectify the remaining).already the World Bank and ADB Bank have sanctioned a loan of Rs 14,000 crore and we are making improvements on the roads, particularly in removing the black spots”, he said.
Arctic blast: 100 million Americans brace for more cold, ice and snow
Blame the polar vortex, a weather pattern that usually keeps to the Arctic, but is increasingly visiting lower latitudes and staying beyond its welcome. Scientists say global warming caused by humans is partly responsible for making its southward escapes longer and more frequent.
Jaguar cars to go all-electric by 2025 as JLR plans full range of e-models by 2030
Luxury car brand Bentley Motors, owned by Germany’s Volkswagen, said in November its model range will be fully electric by 2030, and last month General Motors Co said it aimed to have a zero-emission lineup by 2035.
A number of countries have also announced bans on new fossil-fuel vehicle sales. In the United Kingdom, that ban should take effect in 2030.
4 detected with SA variant of SARS-CoV-2 in India, one with Brazil strain
In India, the South Africa strain has been detected in four returnees — one from Angola, one from Tanzania and two from South Africa in January, ICMR Director General Balram Bhargava said.
All travellers and contacts have been tested and quarantined.
Britain’s Cairn files case in U.S. to push India to pay $1.2 billion award
Reuters reported last month that Cairn was identifying India’s overseas assets, including bank accounts and even Air India planes or Indian ships, that could be seized in the absence of a settlement.