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NHRC issues notice to Labour Ministry EY-employee’s death
The National Human Rights Commission has also appointed a ‘Special...
New Global Climate ‘Loss and Damage’ Fund names first director
Ibrahima Cheikh Diong,director-designate,The Fund for Responding to...
One-third of Indian businesses hit hard by internal, external fraud: Report
“We believe that the level of due diligence done by Indian corporates is improving, but it is still below the basic requirement when compared globally,” said Tarun Bhatia, head of South Asia and managing director in the Business Intelligence and Investigations practice of Kroll.
Water crises ranked as the topmost risk in India:WEF
Fifteen of the world’s 20 most polluted cities are in India (where the issue ranked second), and Dhaka, Bangladesh (where it ranked eight),is also on the list. Pollution poses health and economic risks to these countries: Each year, Bangladesh loses approximately $6.5 billion and India $5 billion due to pollution and environmental degradation.
Europe’s money laundering scandals expand with criminal probe of ABN Amro
Increased compliance costs and possible penalties add to the headwinds confronting European banks. Negative interest rates, lackluster economies, and Brexit are already taking a toll on profitability, forcing more lenders forcing the lenders to pass rising costs on to customers.
Multiple cyber attacks on Airbus suppliers; possible link to China: Report
Hackers have targeted British engine-maker Rolls-Royce and the French technology consultancy and supplier Expleo, as well as two other French contractors working for Airbus that AFP was unable to identify.
Boeing vows new safety panel, design changes in response to 737 Max crashes
Boeing’s reputation has been badly tarnished after its marquee 737 Max jets crashed twice within five months, prompting global regulators in March to ban flights.
Drone attacks strike major Saudi Aramco facility, oilfield
The plant has been targeted in the past by militants. Al-Qaida-claimed suicide bombers tried but failed to attack the oil complex in February 2006
Climate change tops list of world’s ‘extreme risks’
Tim Hodgson, Head of the Thinking Ahead Group, said: “Our extreme risks ranking has seen the emergence of a general trend with financial risks falling down the rankings and non-financial extreme risks growing in significance. Global temperature change becomes the highest ranked risk due to our assessment of higher likelihood coupled with significant impact – in the extreme this would mean mass extinction.
Google to pay $170 million fine for sharing YouTube kids data
“We will treat data from anyone watching children’s content on YouTube as coming from a child, regardless of the age of the user,” YouTube chief Susan Wojcicki said in a statement.
Willis Towers Watson launches innovative risk advisory service
John Merkovsky, Head of Risk and Analytics at Willis Towers Watson, added “’Today’s risk manager and CFO have only been able to view risk financing as individual transactions, compartmentalised by line of business. Connected Risk Intelligence is a combination of advanced modeling technology and our own optimisation expertise which will revolutionise the way organisations view risk management.
Global reinsurance market to see consolidation, product & service innovation:S&P
S&P Global Ratings believes that these factors will continue to push the sector to evolve, forcing market consolidation, product and service innovation, expansion of product offerings, and reimagining of the re/insurance value chain. Indeed the market may look different, but it could be a long time before the competitive landscape changes.