The attorneys general have alleged that despite research showing...
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APAC reinsurers’ stable pricing in 2024 backed by adequate capacity, says Fitch
``We believe reinsurers can maintain profitability through rigorous...
Climate, tech risks a threat to inflation targetting, says RBI Dy Gov Patra
Michael Patra, Deputy Governor, RBI Central banks face an...
AstraZeneca suspends leading COVID-19 vaccine trials after a participant’s illness
The vaccine, developed with the University of Oxford, has been described by the World Health Organization as probably the world’s leading candidate and the most advanced in terms of development. The suspension dims prospects for an early rollout amid reports that the United States was aiming for a fast-track approval before the November presidential election.
Indian Oil gets USTDA support in its green tech endeavour
The US Trade and Development Agency’s (USTDA) funding will support state-owned IOC’s evaluation of technologies to capture and utilise carbon dioxide produced during refinery operations, presenting a novel and cost-effective environmental strategy that can be expanded to other refineries in India, according to a statement on Wednesday.
McDonald’s takes action against Australia’s Burger King over ‘Big Jack’
McDonald’s is also seeking damages, interest and costs, as well as an order that Hungry Jack’s destroy all “promotional materials,” which include physical and electronic advertising, the paper reported.
Govt releases draft guidelines for ads; disclaimers must be clearly visible
The draft guidelines also specify that an advertisement should not describe a product or service as “free”, “without charge” or other similar terms, if the consumer has to pay anything other than the cost while purchasing a product or service for delivery of the same.
On those who endorse advertisements, the guidelines propose that they should take due care to ensure that all descriptions, claims and comparisons that they endorse or that are made in advertisements they appear in are capable of being objectively ascertained and are capable of substantiation.
“Pandemics,climate change,cyber top the current risk chart”:Munich Re
The coronavirus pandemic needs to be a lesson to us all: We must take action more rapidly and vigorously to ensure that we are not as unprepared as we were with COVID-19 for risks such as cyber attacks or climate change. It is possible to better safeguard against the financial consequences of such risks for the benefit of humanity. It needs to be clear that systemic risks like pandemics also require systemic countermeasures – for instance, the creation of state-backed risk pools to make uninsurable risks bearable,said Torsten Jeworrek,Member of the Board of Munich Re.
Fall in GDP alarming; time for bureaucracy to take meaningful action: Rajan
“The sharp decline in economic growth should alarm us all. The 23.9 per cent contraction in India (and the numbers will probably be worse when we get estimates of the damage in the informal sector) compares with a drop of 12.4 per cent in Italy and 9.5 per cent in the United States, two of the most COVID-19-affected advanced countries,”Rajan wrote in a post on his LinkedIn page.
US court rules cryptocurrency fundraiser to pay investors $25M to settle class action
The settlement, initially proposed in U.S. District Court in San Francisco in March, received final approval by a federal judge on Friday
Prime Minister Modi’s personal website’s Twitter account hacked
.“We’re aware of this activity and have taken steps to secure the compromised account. We are actively investigating the situation. At this time, we are not aware of additional accounts being impacted. Advice on keeping your account secure can be found here,” a Twitter spokesperson said in an emailed statement.The tweets, which have since been taken down, asked the followers to donate to the PM National Relief Fund through cryptocurrency.
Blaze breaks out again on supertanker off Sri Lanka, cargo area intact
The New Diamond, a very large crude carrier (VLCC) chartered by Indian Oil Corp (IOC), was fully loaded with the equivalent of about 2 million barrels of oil, Refinitiv data showed.
Photographs taken by Sri Lanka’s air force showed extensive damage to the tanker’s funnel, and thick black smoke and flames coming from the bridge, that sits just behind the cargo area.
More than 40 crew missing after cattle ship capsizes In storm off Japan
The crew of 43 was made up of 39 people from the Philippines, two from New Zealand, and two from Australia, the coastguard said.
According to Edvarodo, the ship lost an engine before it was hit by a wave and capsized, a coastguard spokeswoman said