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Climate, tech risks a threat to inflation targetting, says RBI Dy Gov Patra
Michael Patra, Deputy Governor, RBI Central banks face an...
PM Modi pitches for framing global dos don’ts for ethical use of technology
Prime Minister Narendra Modi Emphasising on ethical use of AI with...
Facebook raises settlement to $650 million in facial recognition lawsuit
The social media giant reached a $550 million settlement in January regarding the same lawsuit, which started in 2015, when Illinois users accused the company of violating the state’s Biometric Information Privacy Act in collecting biometric data.
In 2019, a U.S. Circuit Court of Appeals court swatted away Facebook’s claim that facial recognition data did not count as biometric data, stating that “development of face template using facial-recognition technology without consent (as alleged here) invades an individual’s private affairs and concrete interests.”
India found cybersecurity lapses at National Payments Corp in 2019 – government document
The March 2019 government document cited the storing of 16-digit card numbers and other personal information such as customer names, account numbers and national identity numbers in “plain text” in some databases, leaving the data unprotected if the system was breached. The audit has not previously been reported.
Coastal flooding could hit 20% of world GDP by 2100 – study
Flood events that have typically occurred once in 100 years “could occur as frequently as once in 10 years” for much of the world, said the authors of the report, including researchers at the universities of Amsterdam, Melbourne and the Global Climate Forum.
South Korea investigates suspected safety issues with Tesla vehicles
Braking and steering systems including the Autopilot function were part of the investigation, a transport ministry official said on Wednesday.
The U.S. National Transportation Safety Board last year cited driver errors and Tesla’s Autopilot design as the probable cause of a January 2018 crash of a Model S in California.
Insurers walk tightrope of risky corporate credit
Insurers globally invest more than $20 trillion (15.42 trillion pounds), but their investment positions, already perilous from years of falling bond yields, were left with large holes following this year’s coronavirus-linked slide in asset prices.
Americans driving older cars as average age nears 12 Years
The aging U.S. vehicle fleet has been an issue as U.S. lawmakers have debated economic stimulus plans. Proposals to provide government-funded incentives to retire older, more polluting vehicles,or encourage drivers to get new vehicles with more advanced safety technology have so far not gained much traction.
California scrutinising Amazon’s treatment of workers during Coronavirus outbreak
The lawsuit alleges unsafe practices such as having workers share equipment such as freezer suits and failing to allow extra time for safe social distancing.
More S.African insurers yield to customer demands to pay COVID BI claims
The FSCA and the Prudential Authority, which oversees the strength of the financial-services industry, last week struck a deal with insurers to consider once-off payments to help keep customers afloat, while courts decide whether insurers are correctly interpreting the terms of contracts.
Cat tests positive for coronavirus in England
Both the cat and the humans made a full recovery and there was no transmission to any other animals or people in the household, the ministry said without identifying the individuals involved.
“This is the first case of a domestic cat testing positive for COVID-19 in the UK but should not be a cause for alarm,” said Yvonne Doyle, medical director at Public Health England.
The WHO has said it will investigate the possibility of cat-to-human infection, but its chief scientist has said there is “very little risk” from domestic animals.
Floods,coronavirus hobble two of India’s poorest states
The floods in Assam, where at least nine one-horned rhinos have drowned in an inundated national park, have so far affected 5.7 million people, more than 45,000 of whom are still sheltered in makeshift relief centres.
In Bihar, floods have stranded more than 2.4 million people, with around 12,800 staying in government shelters, complicating efforts by officials to enforce social distancing measures to halt the spread of the novel coronavirus in the state.