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No offence made out HC quashes FIR against ex-MD of Go First for ‘data theft’
Wolfgang Prock-Schauer, former managing director, Go First From...
Lockton acquires Arihant Insurance Broker, receives IRDAI approval
Lockton, the world's largest independent insurance brokerage, had...
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.”
China’s bank and insurance sectors facing rises in non-performing assets – regulator
Asset quality at some small and medium-sized financial institutions is deteriorating due to the coronavirus pandemic, the regulator said in a statement on its website.
U.S.bans Pakistan International Airlines flights over pilot concerns
Pakistan last month grounded almost a third of its pilots after discovering they may have falsified their qualifications.
The European Union Aviation Safety Agency suspended PIA’s authorisation to fly to the bloc for six months in a blow to the carrier’s operations.
Why reveal names of COVID-19 patients? it involves privacy: Bombay HC
The PIL said when the fundamental right to life and right to lead a healthy life clash with the fundamental right to privacy, then the court needs to see which of these rights would advance public morality and interest.
India panel proposes new regulator for non-personal data: draft report
“There is a need to create a regulator or authority for data business, which provides centralized regulation for all non-personal data exchanges,” the government-appointed panel said in the report.
Tesla ‘very close’ to level 5 autonomous driving technology, Musk says
Tesla is also developing new heat projection or cooling systems to enable more advanced computers in cars, Musk said, hailing the company’s team in China for doing an “amazing job”.