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Audit bodies must address growing risks of privacy breaches, social exclusion: CAG Murmu
Girish Chandra Murmu, Comptroller and Auditor General of India...
Mercedes Benz fire incident may slow down EV transition in South Korea
Although batteries are a critical component in electric cars and...
Rising sea level puts Mumbai at risk of being submerged by 2050: Study
India and other Asian countries, including Bangladesh and Indonesia, may see a five to tenfold increase in the population living below the projected high tide line by the end of the century, added the study published in the journal Nature Communications,
EU nations agree Brexit delay until January 31 as PM Johnson seeks election
The latest delay plan envisages that Britain could be out on Dec. 1 or Jan. 1 should parliament ratify the agreement in November or December respectively, according to diplomats who deal with Brexit in Brussels.But in London, there was no consensus on an election which Johnson says is needed to break the deadlock.
Half the world’s banks are too weak to survive a downturn: McKinsey
A majority of banks globally may not be economically viable because their returns on equity aren’t keeping pace with costs, McKinsey said in its annual review of the industry released Monday
Few Hong Kong firms have riot insurance so they’ll be paying for protest damages
Hong Kong is a lucrative market for global insurers including American International Group Inc., AXA SA and Zurich Insurance Group AG, with the value of premiums as a percentage of gross domestic product at 18.16%, second only to Taiwan in the Asia-Pacific region.
Munich Re invests heavily in data analytics & artificial intelligence:Doris Höpke
Höpke also said that the financial impacts of cyber losses were becoming more severe and said demand for cyber prevention and protection would increase, as greater interconnectivity increased risk exposures
Many countries have cautioned on rushing into crypto currencies, says Sitharaman
“Some of them (countries) of course even suggested that they shouldn’t be using, all of us shouldn’t be using the name stable currency because that’s the expression they used. Many cautioned to the extent saying even the name should not be stable currency, it should relate to virtual currency or something of the kind,” she said.
Boris Johnson sends unsigned letter to EU asking for Brexit delay
Johnson had hoped that Saturday would see recalcitrant lawmakers finally back the divorce deal he agreed with EU leaders this week and end three years of political deadlock since the 2016 referendum vote to leave the bloc.
Daimler Recalls Thousands of Mercedes-Benz Vehicles over Diesel Emissions
In June, Daimler issued a profit warning and announced an increase of legal provisions by a high three-digit million euros amount, to cover various ongoing governmental proceedings and measures relating to diesel vehicles.
UPL ordered to pay $31 mn to US-based AgroFresh in patent infringement case
A federal jury in Wilmington, Delaware, told UPL and its Decco unit to pay AgroFresh Solutions Inc. $31 million partly for infringing its patent on a technology that keeps apples fresh in storage after harvest. The award was less than a tenth of the $346.2 million AgroFresh had asked for.
India’s growth rate to fall to 6%, will recover to 7.2% in 2022: World Bank
“Growth is expected to gradually recover to 6.9 per cent in 2020-21 and 7.2 per cent in 2021-22 as the cycle bottoms-out, rural demand benefits from effects of income support schemes, investment responds to tax incentives and credit growth resumes. However, exports growth is expected to remain modest, as trade wars and slow global growth depresses external demand,” the report said.