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To bring down deaths safety must get highest priority while constructing roads Gadkari
Nitin Gadkari,Union Minister of Road Transport and Highways "Every...
Spain floods to trigger total insurance losses in excess of $3.8 billion, will have limited impact on local re/insurers
Another rating agency S&P has said the catastrophic flash...
AstraZeneca COVID-19 vaccine trial volunteer has died, Brazil health authority says
The regulator said testing of the vaccine would continue after the volunteer’s death. It provided no further details, citing medical confidentiality of those involved in trials.
The Federal University of Sao Paulo, which is helping coordinate phase 3 clinical trials in Brazil, separately said that the volunteer was Brazilian but did not say where the person lived.
Cruise, GM to seek U.S. okay for self-driving vehicle without pedal, steering wheel
Under current law, companies can seek an exemption from motor vehicle safety standards for up to 2,500 vehicles for up to two years that do not meet existing federal rules.
The exemptions are for U.S. vehicle safety rules largely written decades ago that assumed human drivers would be in control of a vehicle.
U.S. says Google breakup may be needed to end violations of antitrust law
The federal government’s complaint against Alphabet Inc’s GOOGL.O, which alleges that Google acted unlawfully to maintain its position in search and search advertising on the internet, was joined by 11 states.
The government said Google has nearly 90% of all general search engine queries in the United States and almost 95% of searches on mobile.
The lawsuit marks the first time the U.S. has cracked down on a major tech company since it sued Microsoft Corp MSFT.O for anti-competitive practices in 1998.
The European Union fined Google $1.7 billion in 2019 for stopping websites from using Google’s rivals to find advertisers, $2.6 billion in 2017 for favoring its own shopping business in search, and $4.9 billion in 2018 for blocking rivals on its wireless Android operating system.
Japan will take steps to guard against Olympics cyberattacks
Olympics organizers reported no significant impact on their operations for the 2020 Games, which were postponed until next year due to the COVID-19 pandemic.
Britain and the United States on Monday condemned what they said were a series of malicious cyber attacks orchestrated by Russian military intelligence, including attempts to disrupt the Tokyo Olympics and Paralympics.
London must ‘seize the moment’ to maintain global leadership amid COVID-19 pandemic:Report
Britain accounted for nearly a third of financial activity in the European Union, which it left last January, and will no longer have to comply with its rules after Dec. 31.
New Financial said in its study “Beyond Brexit,” supported by Barclays bank, that leaving the EU would be a seismic change and involve significant disruption for the banking and finance industry’s relations with the bloc.
Lockdown has ended, but virus still there; All must be cautious during festivities: PM
The prime minister said the government is making all efforts to ensure that a vaccine, whenever it is launched, reaches every Indian.
FSSAI”s new food safety compliance platform to become operational across India from Nov
It said since 2011, its online FLRS (Food Licensing and Registration System) is the soul of the licensing ecosystem. It is operational in all states and 70 lakh licences/ registrations have been issued till date while over 40 lakh licensees/ registrants are actively transacting on it.
“FSSAI is launching its cloud based, upgraded new food safety compliance online platform called FoSCoS( URL – https://foscos.fssai.gov.in).
Airlines’ coronavirus safety analysis challenged by expert
Airlines and planemakers are anxious to restart international travel, even as a second wave of infections and restrictions take hold in many countries.
“With only 44 identified potential cases of flight-related transmission among 1.2 billion travellers, that’s one case for every 27 million,” IATA medical adviser Dr David Powell said in a news release, echoed in comments during the event.
IATA said its findings “align with the low numbers reported in a recently published peer-reviewed study by Freedman and Wilder-Smith”.
But Freedman, who co-authored the paper in the Journal of Travel Medicine with Dr Annelies Wilder-Smith of the London School of Hygiene and Tropical Medicine, said he took issue with IATA’s risk calculation because the reported count bore no direct relation to the unknown real number of infections.
Insures should partner banks to issue Surety Bonds:IRDAI Panel
Instead of Insurance industry handling alone, a mechanism is required wherein the banking sector and the insurance sector could collaborate for sharing of customer information since banks have more experience in managing these types of risks, suggested the panel..
To start with performance bonds / surety bonds can be issued limited to the projects of NHAIs only and not for all the contractors. The rate should be determined by a market agreement, suggested the panel
IRDA forms panel to examine the need for a standard cyber liability cover for Indian market
The General Liability policies available currently in the Indian market do not cover cyber risks and cyber insurance policies currently available are highly customized for clients in a new and quickly growing market. Hence, it is felt that a basic standard product structure is required to provide insurance cover for individuals and establishments to manage their cyber risks, said the IRDAI.