Category:

Technology

Latest

Volkswagen to receive 270 million euro from its D&O Liability insurers in dieselgate settlement

The settlement marks a major milestone in Volkswagen’s efforts to turn a page on its biggest ever corporate scandal, which has cost it more than 32 billion euros in vehicle refits, fines and legal costs so far.

The scandal, which Volkswagen initially blamed on a small number of rogue engineers, also spurred it to launch a huge investment in electric cars.

read more

SoftBank’s PayPay surges ahead in Japan’s digital payments race

PayPay is emerging as a key driver of a government-supported consumer shift away from cash as Japan grapples with deepening labour shortages and the need for social distancing during the COVID-19 pandemic. Late to payments, SoftBank drove the uptake of PayPay through cash-back campaigns. In one prominent example, it gave away 10 billion yen ($90 million) in 10 days.

read more

Emerging risks set to shape a post-COVID-19 world:Swiss Re

COVID-19 to worsen income inequality; growth in the global middle class slowed and poverty levels rose in 2020
• Government support programmes have kept alive unviable zombie companies, leading to increased credit and financial market risks
• Electric vehicles and other decarbonised means of transport can
cut up to 24% of current C02 emissions from fuel combustion

read more

80 % Indians feel digital tech effectively used to respond to COVID-19: EY survey

They want the government to prioritize making certain services available online including pension planning, resources to help people set up businesses, and providing more ways for citizens to have an online say in government decision making.

Looking ahead to the future,81 percent of the Indian respondents think that technology will change the way they bank and shop,80 percent think that it will change the way they work/study, and79 per cent think that it will change the way they entertain themselves

read more