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Aviva sells French business to Macif’s Aéma Groupe for $3.9 billion

by AIP Online Bureau | Feb 23, 2021 | Eco/Invest/Demography, International News, Life

  LONDON : Aviva has agreed the sale of its operations in France for 3.2 billion euros ($3.89 billion) to French insurer Macif’s Aéma Groupe, it said on Tuesday. The London-based insurer, led by boss Amanda Blanc, said that the sale would...

Damage to United Boeing 777 engine consistent with metal fatigue: NTSB

by AIP Online Bureau | Feb 23, 2021 | International News, Risk Management, Technology

  WASHINGTON: U.S. National Transportation Safety Board (NTSB) Chairman Robert Sumwalt said Monday that damage to a fan blade in a Pratt & Whitney engine that failed in a United Airlines Boeing 777-200 is consistent with metal fatigue, according to a...

‘No other option’: Deadly India floods bare conflicts from hydropower boom

by AIP Online Bureau | Feb 23, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Non-Life, Risk Management

  RAINI, Uttarakhand: Growing up in a remote tribal village high in the Indian Himalayas, Kundan Singh loved to play on a field by the sparkling Rishiganga river. The 48-year-old recalls afternoons there competing in sports tournaments, surrounded by forests...

DBS faces lawsuits in India post-takeover of Lakshmi Vilas Bank

by AIP Online Bureau | Feb 23, 2021 | Uncategorized

  DBS Group Holdings Ltd., Southeast Asia’s largest lender, said it’s facing lawsuits in India related to its recent takeover of a struggling local bank. Holders of Lakshmi Vilas Bank Ltd.’s equity shares and Tier-II bonds that were written off...

Uber’s U.K. Court loss spells a reckoning for Gig work in Europe

by AIP Online Bureau | Feb 23, 2021 | Eco/Invest/Demography, International News, Technology

  Uber Technologies Inc.’s defeat in a UK legal battle over the way it treats its drivers is set to trigger a wave of complaints from workers across the region. Britain’s Supreme Court ruled Friday that Uber must treat its drivers as...
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