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Delta CEO says airline is facing $500 million in costs from global tech outage
Speaking on CNBC, Bastian said Wednesday that the monetary amount...
Malware attacks in India increase by 11%; 22% jump seen in ransomware
The report stated that a total of 78,923 never-before-seen malware...
M&A and PE deals scale record $110 bn mark in 2018: Report
Overall cross-border deal activity increased to USD 38.523 billion in 2018 from the USD 8.14 billion in the year ago period, it said, adding that this was majorly on the back of an increase in inbound deals.
Weather catastrophes drive majority of $225 billion economic cost of natural perils in 2018 – Aon report
Of that total, private sector and government-sponsored insurance programs covered USD90 billion of the total – the fourth-highest year on record. This means the protection gap, which is the portion of economic losses not covered by insurance, was 60 percent and at its lowest level since 2005.
France uses strict EU privacy law first time, fines Google 50 mn euros
Google was handed the record fine from the CNIL regulator for failing to provide transparent and easily accessible information on its data consent policies, a statement said.
AGCS opens reinsurance branch in India, targets EUR50 million premium over next 5 yrs
AGCS India Branch will initially offer facultative, proportional, and non-proportional reinsurance solutions on the following lines of business: Property, Liability, Marine, Financial Lines, Construction & Engineering, and Energy. In particular, AGCS sees opportunities in large scale construction projects under the USD 106 billion Bharatmala infrastructure development plan, as well as strong contributions from the automotive, electronics and high-tech communication industries, all of which complement AGCS’s areas of specialist expertise.
A.J. Gallagher’s ‘clean coal’ business draws ire of green investors
Now, the Green Century Funds and Calvert Funds – which include A.J. Gallagher in their portfolios based on its record as an insurance firm, not a coal supplier – said they will review the company’s green credentials. Green Century and Calvert are two of nation’s leading money managers focused on corporate environmental, social and governance matters.
DGCA asks airlines to make extra checks on A320neo planes with P&W engines
“Log all the cases detecting odours/smoke in cabin during operation for necessary investigation and rectification,” the DGCA said in its notification, adding that in all such cases the engine would need to be inspected in detail and used only after the defect is resolved.
Delhi a ‘gas chamber’, better not to live in city, says SC about pollution
“In the morning and evening, there is so much pollution and traffic congestion,” Justice Arun Mishra said, hearing a matter related to air pollution in the National Capital Region.
US Regulators disagree over giving Fintechs Federal Charter to skirt State Rules
Companies such as PayPal and LendingClub Corp. have attracted millions of customers by offering greater convenience or better prices than traditional banks. The OCC and the FDIC say such firms can broaden access to financial services because their low-cost models allow them to reach poorly served areas and offer small loans that are uneconomical for bigger banks.
Pension Trustees seek corporate disclosure of Sexual Harassment Costs, Policies
“We don’t see how it could possibly be accretive to corporate value to have a culture that allows for sexual harassment in the workplace,” said Priya Mathur, the departing president of the $345 billion California Public Employees’ Retirement System, the largest U.S. pension fund.Companies are losing customers, paying settlements and higher insurance costs and being distracted “from their core strategies because they have to deal with this.”
Headlights are passé: Luxury cars of the future will be illuminated with lasers
As cars move toward more enhanced and powerful semiautonomous systems, which rely not only on constant cloud computing for their decision-making but also on clear forward “vision” through their cameras and sensors, light and data transmission will have huge implications for driver safety.