The NGT was hearing a plea claiming "vast-scale, mindless and...
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Risk Management
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Missile attack by Yemen’s Houthi rebels hits container ship in first attack in 2 weeks
The killing of Haniyeh in Tehran has sparked concerns of a new...
World’s richest lose $134 billion in stock slump, led by Amazon’s Bezos
Jeff Bezos, founder,Amazon Investors have also become jittery over...
Ex Coca-Cola engineer stole secrets worth $120 million for Chinese firm: US
According to the indictment, You conspired with Chinese national Liu Xiangchen and an unnamed relative of Liu to steal formulations for food packing coatings that are free of the widely-used bisphenol-A chemical, which scientists have discovered in recent years is harmful to human health.
Study questions safety claims about Tesla autopilot’s steering feature
The study, released Friday by Quality Control Systems Corp., a data analysis company in Maryland, examined the National Highway Traffic Safety Administration’s 2017 conclusion that there was a 40 percent reduction in the rate of crashes by Tesla vehicles that resulted in the deployment of air bags after they were equipped with Autosteer, a part of the automaker’s suite of automated driver-assist systems it markets as Autopilot.
Johnson & Johnson supplier seeks bankruptcy over talc lawsuits
A key supplier of talc used in Johnson & Johnson’s baby powder filed for Chapter 11 bankruptcy on Wednesday in the wake of multibillion-dollar lawsuits alleging its products caused ovarian cancer and asbestos-related mesothelioma.
Self-driving cars ‘learn’ to predict pedestrian movement
Equipping vehicles with the necessary predictive power requires the network to dive into the minutiae of human movement: the pace of a human’s gait (periodicity), the mirror symmetry of limbs, and the way in which foot placement affects stability during walking
No one’s safe: Bezos nude selfie leak triggers alarm for all billionaires
“The perception among very affluent people is often ‘I have this level of wealth, I’m untouchable,’’ said Mark Johnson, chief executive officer of Sovereign Intelligence, a McLean, Virginia-based risk analytics firm. “But the systems they have in place for protecting their personal identifiable information are very weak.”
Ultra-wealthy individuals are particularly susceptible because so much of their data are often centralized through family offices, which typically lack the robust firewalls and encryption capabilities of banks and large corporations.
International push to improve food safety
Climate change and the globalization of food production, coupled with a growing global population and increasing urbanization, pose new challenges to food safety. Food systems are becoming even more complex and interlinked, blurring lines of regulatory responsibility. Solutions to these potential problems require intersectoral and concerted international action.
US Bill would require secondary cockpit door on all existing airplanes
A study by the Federal Aviation Administration, which oversees aviation security, concluded that cockpits are vulnerable when pilots step out and cited secondary doors as the most efficient, cost-effective form of protection, according to the news release issued on Wednesday.
Significant beneficial owners in companies to face strict action for wrong disclosures
Significant beneficial owners, who fail to make a declaration regarding their ownership, could face fine, imprisonment or both under the Companies Act. In instances, where such entities have willfully provided incorrect information, then such acts would be considered as fraud under the Act. Similarly, companies that fail to maintain registers of significant beneficial owners would also face action, as per the rules.
‘Storm’ might strike global economy, warns IMF as growth slows down
The risks include “trade tensions and tariff escalations, financial tightening, uncertainty related to (the) Brexit outcome and spillover impact and an accelerated slowdown of the Chinese economy”, said IMF Managing Director Christine Lagarde
Insuring The Sharing Economy
As traditional ways of doing business become more fluid, new risks and uncertainties are emerging. In particular, many sharing economy companies currently assert that whatever happens in the course of a peer-to-peer transaction is between the participants and all they are doing is supplying the platform.