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Aligning Indian auditing with global standards to boost investor confidence, attract more funds: NFRA chief
"If we are going global, a lot of funds have to come and being...
66% of businesses in India paid bribes to avail government services, claims report
"Though initiatives like the Government eProcurement marketplace...
At least five mine workers killed in blast in southern India
Karnataka, home to the tech hub of Bengaluru, has vast mineral deposits and stone quarries, but the safety of mine workers has remained a concern.Karnataka Chief Minister B.S. Yedyurappa said five people were confirmed dead and three people including the owner of the quarry had been detained and an investigation was ongoing.
Amazon to open pop-up COVID-19 vaccine clinic in Seattle headquarters
The move came a day after Reuters reported that Amazon had offered to help with the United States’ efforts involving the COVID-19 vaccine, citing a letter addressed to President Joe Biden.
The State currently allows people aged 65 and older and people 50 and older living in a multi-generational household to get vaccinated. It has yet to grant doses for the vaccination of warehouse employees, such as Amazon’s.
Liability insurance industry in Asia-Pacific to reach $33.4bn in 2023,says GlobalData
Manisha Varma, Insurance Analyst at GlobalData, comments: “The demand for D&O policies is driven by increasing risks from environmental, product recall and libelous claims. Increasing number of cybercrimes has driven the demand for cyber-insurance.”
Trump seeks to curb foreign cyber meddling on last day in office
“Foreign malicious cyber-actors threaten our economy and national security through the theft of intellectual property and sensitive data, and by targeting United States critical infrastructure,” National Security Advisor Robert O’Brien said in a statement.
Car crashes in world’s oldest nation spur changes by automakers
Last year, Toyota upgraded its Safety Sense offering. The technology is designed to prevent or mitigate frontal collisions as well as keep drivers within their lane. By using high-resolution cameras on the windscreen and bumper-mounted radars, it can detect oncoming cars or pedestrians — or even bicycles in daylight hours — and give audible and visual alerts. If drivers fail to respond, automatic braking may be deployed. The new software also has intersection functionality to help detect oncoming obstacles if a car is making a turn from a stationary position.
China’s top financial watchdog blasts ‘State Monopoly’ accusation
China has come under greater international pressure in recent years to reduce industrial subsidies after the U.S., Europe and Japan agreed to push for stronger World Trade Organization rules against market-distorting government aid. The state domination of the economy was also meant to be a topic in the “Phase 2” trade deal talks with the U.S.
“Reputational risks could result in potentially crippling business outcomes” :Willis Towers Watson Survey
Scott Burnett, Head of Corporate Risk & Broking Asia and Head of Asia, Willis Towers Watson, said “Loss of income and reduced customer bases are usually the main issues that businesses face following reputational damage. However, the impact of reputational damage can be felt across a business, from recruitment and retention of talent to lower environmental, social and governance (ESG) score, investor activism and increased industry litigation. Reputational risk is therefore increasingly of concern to our clients with most Risk Mangers now having some responsibility for risk mitigation in this area.
Telangana: Health worker dies after jab, death not due to it: Official
“Preliminary findings suggest that the death seems to be unrelated to vaccination,” state Director of Public Health G Srinivasa Rao said in a press release
Insurance firm offers mental health support as UK flood risk surges
“With five million people in England at risk of flooding, and climate change intensifying the frequency and severity of extreme weather, a mental health crisis is looming,” warned David Nichols, Zurich UK’s chief claims officer.
U.S. agency orders Ford to recall 3 million vehicles over air bags
The defect, which leads in rare instances to air bag inflators rupturing and sending potentially deadly metal fragments flying – especially after long-term exposure to high humidity – prompted the largest automotive recall in U.S. history of more than 67 million inflators. Worldwide, about 100 million inflators installed by 19 major automakers have been recalled.