The major trend in foreign portfolio flows in October, so far, has...
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All 140 aboard Trichy-Sharjah Air India Express flight safe; DGCA orders probe
The aircraft, after experiencing a technical snag, circled for more...
Darbhanga Bagmati express collides with a stationary goods train near Chennai ,19 injured
"It was not supposed to stop here (Kavarapettai station), so it was...
Twitter hacking spree alarms experts concerned about the platform’s security
“If the hackers do have access to the backend of Twitter, or direct database access, there is nothing potentially stopping them from pilfering data in addition to using this tweet-scam as a distraction,” said Michael Borohovski, director of software engineering at security company Synopsys.
UK Plans to spend $6.6 billion on building flood defenses through 2027
Under the plans, the UK’s Flood Re insurance program will also be modified to allow claims to include the installation of flood resilience measures as well as repairs for affected properties.
“For every pound spent improving protection from flooding and coastal erosion, we avoid around 5 pounds of property damages,” Environment Agency Chairman Emma Howard Boyd said. “The long-term commitments announced today will make homes, businesses and infrastructure more resilient to the accelerating impacts of the climate crisis.”
Russia requires firms to develop financial/insurance contingency plans for oil spills
The law makes it mandatory for companies to have sufficient financial reserves to prevent potential spills or clean them up if they occur. The financial reserves can take various forms, including an insurance contract or a letter of guarantee to pay the damage from a given accident.The law also requires companies handling hydrocarbons to draw up plans to prevent and clean up spills by Jan.1, 2024.
Joe Biden announces $2 trillion climate plan, vows to rejoin Paris deal
“We’re going to reverse Trump’s rollbacks of 100 public health and environmental rules – and then forge a path to greater ambition. We’re going to get back into the Paris Agreement – and back into the business of leading the world,” Democratic presidential nominee Joe Biden said in a major policy address on climate change, which he said poses a serious threat the mankind.
Google ties more work tools into Gmail, aiming to get ahead of Microsoft
Google has been trying for more than a decade to catch up with Microsoft Corp’s Office, which dominates the global market for corporate email and document-editing tools.
Both companies have been adding video-calling features and other collaboration tools to attract new business from companies operating from home during the pandemic.
Willis appoints Fabien Conderanne as Regional Head of Financial Solutions in Asia Pacific
Scott Burnett, Head of Asia and Head of Corporate Risk and Broking for Asia at WTW adds, “We now live in extraordinary times where the relevance of our solutions and services to our clients has never been more urgent. We invest the time and resources to understand each client’s business, as well as the economic and credit risks that arise from operating in a world where geopolitical threats and regulations are in constant flux. Fabien’s appointment reflects both a commitment to grow our talent and support our clients so that they can build resilience, wherever they operate in Asia.”
UK bans Huawei from 5G network, orders telcos to stop buying its equipment
Britain imposed the ban after the US threatened to sever an intelligence-sharing arrangement because of concerns Huawei equipment could allow the Chinese government to infiltrate UK networks.
Govt approves Rs 107 cr for fire-fighting facilities at Haldia Dock
The modern fire-fighting facility will enable Haldia Dock Complex in safe handling of the movement of petro-chemical products, it said.
The existing fire-fighting facility does not support the handling the LPG and other petroleum products as per the guideline of Oil Industry Safety Directorate (OISD) of the Ministry of Petroleum and Natural Gas, it added.
The shipping ministry said it has prioritised safety and security of cargo operation on all major ports and the move is towards compliance of global standards for fire safety.
Asian waters account for most shipping losses,global numbers hit record low:AGCS
According to the report, the South China, Indochina, Indonesia and Philippines maritime region remains the top loss location with 12 vessels in 2019 and 228 vessels over the past decade – one in four of all losses. The Japan, Korea and North China region saw 2 vessels lost in 2019 and is the third largest loss location overall with 104 since 2010. High levels of trade, busy shipping lanes, older fleets, typhoon exposure, and safety issues on some domestic ferry routes are contributing factors. However, in 2019, losses declined for the second successive year, mirroring a global trend.
Markel appoints Head of Renewable Energy,first ever based in Asia
Commenting on the new appointment,Rohan Davies, divisional managing director of energy, Market, said,“Tom’s solid track record and wealth of international experience in renewable energy are invaluable as we continue our ambitious plans for growth in this important sector.“Markel has a strong reputation of delivering leading risk-transfer products and service in the energy space. With Tom strategically based in the rapidly growing Asian market, his appointment as Markel’s new global head is a reflection of our commitment to renewable energy in our global portfolio.”