Mario Greco, Group Chief Executive Officer, Zurich Insurance Group,...
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GM to face big class action over faulty transmissions
Drivers said the vehicles shudder and shake in higher gears, and...
Cathay Pacific grounds many flights after engine component failure
Cathay Pacific has not specified which engine component failed, but...
Early claims and crash tests suggest risks of luxury, SUV electric vehicles
In serious crashes, electric autos’ high-voltage power plants automatically shut down, AXA noted, but damaged batteries can catch fire up to 48 hours after a crash, making it more difficult to deal with the aftermath of an accident.
China tops list of U.S. cybersecurity agency’s top risks
A newly created U.S. cybersecurity agency said Thursday that China represents the greatest strategic risk to the U.S., and as a result, the agency’s top operational priority is reducing the risks from Chinese compromises to the global supply chain, including emerging 5G technology.
SC grants Facebook some relief in key privacy case
The case is keenly watched as it brings out the conflict between privacy concerns on governments accessing citizens’ messages and the fight against cyber crimes like child pornography
Nuclear watchdog says Russia resumes sharing radiation data
The mysterious accident at a naval weapons testing range on the White Sea in northwestern Russia earlier this month has been accompanied by changing or contradictory information from Russian authorities. That has led to speculation about what really happened in the town of and what type of weapon was involved.
Linking profile with Aadhaar: SC to hear FB’s plea for transfer of cases
The apex court on Monday was told by the Tamil Nadu government that social media profiles of users need to be linked with Aadhaar numbers to check circulation of fake, defamatory and pornographic content as also anti-national and terror material.Facebook Inc is resisting the state’s suggestion on grounds that sharing of Aadhaar would violate privacy policy of users.Facebook Inc had said that it cannot share Aadhaar number with a third party as the content on its instant messaging Whatsapp was end-to-end encrypted and even they do not have access to it.
7 global trends making engineering & construction projects bigger & costlier than ever
Analysis by Allianz Global Corporate & Specialty (AGCS) of more than 13,000 engineering insurance claims over the last five years has identified seven major trends in engineering and construction projects, driving some of the largest losses ever, according to a new report by the insurer. The report also examines how new technologies, such as drones, satellites, lasers, and computer modeling, are increasingly being used to speed up claims and mitigate risks
Putin vows Russian nuclear accident that killed 5 scientists poses no further risk
The Aug. 8 blast killed five atomic scientists during a test of a missile engine that used “isotope power sources,” the state nuclear monopoly Rosatom said.
India sees dramatic rise in cyber attacks post-Kashmir decision
“India needs to be more careful when it comes to the security of their websites and critical infrastructure, especially when there are cyber attackers that are ready to exploit our vulnerabilities in the name of cyberwar between countries,” the Kaspersky executive cautioned.
Slowdown ‘very worrisome, businesses complaining aloud’: Raghuram Rajan
In ominous signs that the slowdown may be deep, the auto sector is facing its worst crisis in two decades with reports suggesting thousands of job losses in the automobile and ancillary industry, real estate sector has huge unsold inventory, while fast-moving consumer goods (FMCG) companies have reported a decline in volume growth.
Novo Nordisk to fight Danish shareholder lawsuit seeking $1.75 Billion
“It is a very complex case and it’s not black-and-white. I am far from certain, that Novo will lose this case,” Sydbank’s analyst Soren Lontoft Hansen told Reuters.