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Facebook raises settlement to $650 million in facial recognition lawsuit

by AIP Online Bureau | Jul 31, 2020 | Eco/Invest/Demography, International News, Risk Management, Technology

Facebook Inc raised its settlement offer by $100 million to $650 million related to a lawsuit that claimed it illegally collected and stored biometric data for millions of users without their consent, the company said on Friday. The social media giant reached a $550...

U.S.consumer spending presses ahead; declining income poses challenge

by AIP Online Bureau | Jul 31, 2020 | Eco/Invest/Demography, Facts, Health, Life, Pandemic

WASHINGTON: U.S. consumer spending increased for a second straight month in June, setting up consumption for a rebound in the third quarter, though the recovery could be limited by a resurgence in COVID-19 cases and the end of expanded unemployment benefits. Concerns...

Large U.S. COVID-19 vaccine trials will exclude pregnant women for now

by AIP Online Bureau | Jul 31, 2020 | Eco/Invest/Demography, Facts, Health, Pandemic

CHICAGO: The first two COVID-19 vaccines to enter large-scale U.S. trials will not be tested in pregnant women this year, raising questions about how this vulnerable population will be protected from the coronavirus, researchers told Reuters. Moderna and Pfizer, which...

“Coronavirus effects will be felt for decades”:WHO

by AIP Online Bureau | Jul 31, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Pandemic

  Geneva:  The WHO said Friday that coronavirus pandemic effects would be felt for decades as its emergency committee assessed the situation six months after sounding its top alarm over the outbreak. The novel coronavirus has killed nearly 675,000 people and...

Swiss Re swings to a loss of $1.1 bn in H1, Combined ratio worsens to 115.8%

by AIP Online Bureau | Jul 31, 2020 | Eco/Invest/Demography, International News

   Reinsurance company Swiss Re said on Friday the $2.5 billion in claims and reserves related to COVID-19 that it booked in the first half of the year would likely cover the bulk of its pandemic-related losses. The Zurich-based company, confirming figures...
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