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Boeing 737 MAX: Company finds ‘new minor’ software glitch in grounded aircraft

by AIP Online Bureau | Jan 18, 2020 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology

  Boeing is working to fix a newly discovered problem with software powering up on the 737 Max, adding to the list of tasks the aircraft maker faces to get the grounded plane back in the air.   Boeing said Friday it has told the Federal Aviation...

Over 119 billionaires to attend Davos, India’s contingent to be 2nd largest

by AIP Online Bureau | Jan 18, 2020 | Eco/Invest/Demography, Facts

  As the gulf between the rich and everyone else continues to grow, at least 119 billionaires are converging on Switzerland next week to join bankers, politicians and other grandees for their annual pilgrimage to the Alps.   The elite group, worth about $500...

“Volkswagen CEO says carmaker faces same fate as Nokia without urgent reforms

by AIP Online Bureau | Jan 18, 2020 | Uncategorized

FRANKFURT : Volkswagen Chief Executive Herbert Diess said the German carmaker needs to accelerate its transformation to avoid becoming another Nokia, which lost its dominance in the handset market to Apple.   "The big questions is: Are we fast enough?,"...

China posts weakest growth in 29 years as trade war with US bites

by AIP Online Bureau | Jan 18, 2020 | Eco/Invest/Demography, International News

  Beijing: China's economic growth slowed to its weakest in nearly 30 years in 2019 amid a bruising trade war with the United States and sputtering investment, and more stimulus steps are expected this year to help avert a sharper slowdown.  ...

IRDAI chief cautions insurers against predatory pricing

by AIP Online Bureau | Jan 17, 2020 | Health, Indian News, Regulation

  New Delhi: Insurance Regulatory and Development Authority of India (IRDAI) chairman S C Khuntia on Friday cautioned insurers against indulging in predatory pricing, saying it is not a sustainable model while citing examples of airline and telecom sectors....
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