Category:

Risk Management

Giant wind turbine collapses in northern Sweden; no one hurt

Maria Roske, chief executive of windmill operator WPD, told the local Norran newspaper that there were no construction workers on site when the incident happened.

She added that she believed it was the first time such an incident took place in Sweden.Roske told Norran that Vestas will investigate the collapse because the group built the wind turbine. with Vestas, which is the manufacturer. It”s their power plant, their turbine.”

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Airline body IATA develops mobile apps for COVID-era travel

“Our main priority is to get people travelling again safely,” IATA security chief Nick Careen said. “That means giving governments confidence that systematic COVID-19 testing can work as a replacement for quarantine requirements.”

Passenger health and other data are not stored centrally but authenticated with blockchain, leaving consumers in control of what they share, IATA said.

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Google faces regulatory scrutiny in Britain over ‘Privacy Sandbox’ advertising data revamp

The complaint follows up on concerns about Google’s new system that the watchdog raised in a July report about online platforms and digital advertising. The report recommended the British government adopt a new regulatory approach to governing digital giants making big money from online ads.

Google said the new technology will increase privacy for users while also supporting publishers.

Meanwhile,Russia has opened a case against U.S. tech giant Google for failing to remove banned content from its search engine, communications watchdog Roskomnadzor said on Monday.

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Europe to lift Boeing 737 MAX grounding in January, follows US action

“We wanted to carry out a totally independent analysis of the safety of this aircraft, so we performed our own checks and flight tests,” Executive Director Patrick Ky told the Paris Air Forum, an online aviation conference hosted by La Tribune.

“All these studies tell us that the 737 MAX can return to service. We have started to put in place all the measures,” he said. “It is likely that in our case we will adopt the decisions, allowing it to return to service, some time in January.”

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India losing $10.3 bn in taxes per year due to tax abuse by MNCs, evasion by individuals: Report

The social impact of the lost tax is equivalent to 44.70 per cent of the health budget and 10.68 per cent of education spending. It also equals paying yearly salaries of over 42.30 lakh nurses.
India is most vulnerable to illicit financial flows in the form of outward FDI and listed Mauritius, Singapore and the Netherlands as the trading partners which are most responsible for this vulnerability.

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Aon develops $70mn in alternative capital capacity to transfer systemic cyber risk

The cover allows for limits of up to USD 70 million and will protect against increasing cyber loss aggregations on re/insurers’ balance sheets. The product is structured to protect the cedent from the effects of catastrophic cyber market losses stemming from events such as self-propagating malware or wiperware, distributed denial of service, a significant cloud outage or certificate revocation.

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