Elon Musk,CEO,Tesla U.S. District Judge Araceli Martinez-Olguin in...
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Escalating conflict hurts India’s trade with West Asian countries
Disruptions in key shipping routes, particularly through the Suez...
EU privacy regulator fines Meta €91M over password storage in GDPR violation
The inquiry was opened five years ago after Meta notified Ireland’s...
Workplace and supply chain risks from COVID-19 having significant impact on power sector
Graham Knight, Head of Global Natural Resources, Willis Towers Watson, said: “In these unprecedented and uncertain times, the issue of COVID-19 remained uppermost in all our minds as the power industry and their stakeholders begin to analyse the effects on their balance sheets and on their overall risk landscape. Willis Towers Watson is a global leader when it comes to helping power companies address these growing regulatory, investor, employee and operating pressures through improved offerings that combine the analytics, advice and transactional expertise from across the company.”
India steps up efforts to curb locust infestation
The government also plans to buy five helicopter-mounted spray systems to curb the fast-spreading swarms by mid-June when monsoon rains help farmers boost rice, cane, corn, cotton and soybean sowing, according to the sources, who are directly involved in formulating plans to tackle the scourge.
Insurers’ business interruption U-turn could lead to significant uptake in product,says GlobalData
Ben Carey-Evans, Insurance Analyst at GlobalData, a leading data and analytics company, said “This is a significant turnaround for the industry, which had up to this point been stating that claims were not valid because of pandemic exclusions.In reality, there was no positive outlook for insurers in this dispute. Paying out will cost millions in claims as businesses around the country have been shut down or severely restricted during lockdown. However, not paying out would also have led to reduced consumer trust, with many business owners likely to avoid taking out any form of business interruption insurance in the future.
Google sued by Arizona over ‘Deceptive’ location tracking
The suit filed by Attorney General Mark Brnovich stemmed from an investigation that began after The Associated Press reported on Google’s location tracking in 2018.The suit alleges Google violated the Arizona Consumer Fraud Act and it seeks to claw back profits from the tracking.
“Every company has a responsibility to be truthful to consumers,” Brnovich said. “You can’t deceive them, you can’t make misrepresentations.”
Mumbai gets first severe cyclone alert in 129 yrs
IMD’s cyclone track shows that Nisarga will cross very close to the Mumbai coast while entering the land. Maharashtra and Gujarat are on pre-cyclone alert as very heavy to extremely heavy rainfall is expected in parts of the states on June 3 and June 4. Fishermen are advised not to venture into the sea for the next few days as it is expected to be very rough.
India asks internet service providers to block WeTransfer
he order, dated May 18, from India’s Department of Telecommunications (DoT), which was reviewed by Reuters, does not specify a reason for blocking the website, but invokes a clause from conditions laid out for granting licences to ISPs.
The clause directs all licence holders to block websites in the “interest of national security or public interest”.
Insurers stare at a Rs 2000 crore hit from “Amphan” devastated WB and Orissa
Till Saturday, the general insurance industry had already received claims worth of Rs 945 crore from these two states with more than 90 per cent of the total claims originating from the economically developed WB, with higher insurable industral areas, where torrential rains coupled with strong winds caused severe flooding and wind related damages especially in the Kolkata metro region, resulting in inundation and damage of both public and private infrastructure.
Around Rs 836 crore of claims have been triggered by the property damages under fire policies from the WB and rest are from motor and other policies.
Pakistan Jet crashed shortly after bizarre landing attempt at 327 KPH
It’s not yet clear why the two jet engines quit after functioning well enough for about two minutes to lift them about 3,000 feet (915 meters) above the runway. Engines have become so reliable that losing two at the same time is almost always because of some common factor, such as damage from hitting a runway or a problem with the fuel supply.
Lloyd’s of London considers part-virtual underwriting room
Underwriters and brokers say the market, which employs nearly 50,000 people, has run smoothly with greater use of existing electronic systems and they are in no hurry to return to the office.
Delhi-Moscow AI flight returns midway after pilot found COVID-19 positive
According to standard operating procedure, pilots and other crew members of any flight are required to undergo mandatory testing for coronavirus and are assigned duties if the laboratory results are negative.
The Director General of Civil Aviation has already begun an investigation into the case based on a preliminary report by Air India, the officials said.