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...
U.S. State department adds Kidnapping Risk to travel advisories
The 35 countries making the initial list for the risk of kidnapping and/or hostage taking are: Afghanistan, Algeria, Angola, Bangladesh, Burkina Faso, Cameroon, Central African Republic, Colombia, Democratic Republic of the Congo, Ethiopia, Haiti, Iran, Iraq, Kenya, Lebanon, Libya, Malaysia, Mali, Mexico, Niger, Nigeria, Pakistan, Papua New Guinea, Philippines, Russian Federation, Somalia, South Sudan, Sudan, Syria, Trinidad and Tobago, Turkey, Uganda, Ukraine (in Russian-controlled eastern Ukraine), Venezuela, and Yemen
India delays May order for Iran oil, awaits clarity on US sanctions: Report
Washington had given a six-month waiver to eight nations including India, allowing them to import some Iranian oil until early May. India, Iran’s top oil client after China, was allowed to buy about 9 million barrels a month.
Family of American killed in 737 Max crash sues Boeing, Ethiopian Airlines
The complaint was filed in U.S. federal court in Chicago by the parents of Samya Stumo, who lawyers said was on a work trip when Ethiopian Airlines Flight 302 crashed on March 10 soon after taking off from Addis Ababa, killing all 157 on board.
3 major automakers partner to develop autonomous vehicle safety standards, testing
General Motors Co., Ford Motor Co. and Toyota Motor Corp. said in a statement they are joining forces with automotive engineering group SAE International to establish autonomous vehicle “safety guiding principles to help inform standards development.”The group will also “work to safely advance testing, pre-competitive development and deployment,” they added.
GIC Re’s move to hike reinsurance prm challenged in Telengana HC
The writ petition of the Hyderabad based Laurus has taken a stand that the recent circular of the GIC Re, hiking the reinsurance rates, is illegal arbitrary and violative of Articles 14 and 191g of the Constitution of India and also contrary to the existing rules and regulations of the insurance regulator IRDA.
Zuckerberg calls for global internet regulations to address harmful content
The Facebook chief’s statement was in keeping with his efforts this year to frame the company’s more critical problems as part of broader issues for the internet at large. Zuckerberg’s willingness to embrace regulation could pave the way toward taking the thorniest problems about speech and privacy out of Facebook’s hands — or at least give the company more time to solve them.
US Judge allows suit against Nestle over its claim on Poland Spring Water
According to the amended complaint, Nestle Waters sells 1 billion gallons of Poland Spring a year in the United States, and “not one drop” of its water “emanates from a water source that qualifies as a genuine legal ‘natural spring.’”The actual Poland Spring in Maine, which the defendant’s labels said is a source of Poland Spring water, “commercially ran dry” nearly 50 years ago, the complaint said.
AT&T is using models to prepare for natural disaster costs
Of the 30 largest publicly traded U.S. companies by market capitalisation, 20 say they have identified “inherent climate-related risks with the potential to have a substantial financial or strategic impact” on their businesses, according to reports provided to CDP, a U.K. nonprofit.
US court rules dating App not liable for harassing content
“What happened to Matthew is not an isolated incident,” Ekeland said. “Apps are being used to stalk, rape and murder. Under the court’s reading of the CDA, big tech companies don’t have responsibility to do anything about it, even if they know it is happening. Congress needs to amend this statute.”
Bayer must pay $80 mn in Monsanto roundup cancer trial, says US Jury
In the trial’s second phase, Hardeman’s lawyers were able to present previously excluded internal documents allegedly showing the company’s efforts to influence scientists and regulators about the widely used product’s safety.