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China targets slower GDP growth of around 5.5% amid economic headwinds

China targets slower GDP growth of around 5.5% amid economic headwinds

by AIP Online Bureau | Mar 5, 2022 | Eco/Invest/Demography, International News, Policy

“A comprehensive analysis of evolving dynamics at home and abroad indicates that this year our country will encounter many more risks and challenges, and we must keep pushing to overcome them,” said Premier Li Keqiang at the start of China’s annual...

Ukraine crisis highlights Big Tech’s potential to disrupt daily life

by AIP Online Bureau | Mar 5, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Facts, Technology

Russia’s central bank said last week that cards of banks that fell under international sanctions – including VTB Group, Sovcombank, Novikombank, Promsvyazbank, and Otkritie – would not be able to be used with the digital wallets The disruptions were...
GIC Re studying $115 mn suit by AM Re Syndicate for US business

GIC Re studying $115 mn suit by AM Re Syndicate for US business

by AIP Online Bureau | Mar 5, 2022 | Indian News, Non-Life, Reinsurance

In a regulatory filing on Thursday, GIC Re said it is currently in the process of studying the complaint and quantification in detail in order to determine the next steps “In the complaint, AM RE has sought amounts which are to be determined at trial, but which...

Fitbit recalls millions of ‘Ionic’ smartwatches after battery burn reports

by AIP Online Bureau | Mar 5, 2022 | International News, Risk Management, Technology

The Consumer Product Safety Commission (CPSC) in the US said in a statement that at least 115 people in the US — and 59 globally — have reported an overheating battery on the device. There were 118 reports of burns, with two reports of third-degree burns...

Russia’s invasion of Ukraine leaves global trade in tatters

by AIP Online Bureau | Mar 5, 2022 | International News, Non-Life, Reinsurance

Since Russia’s invasion of Ukraine, hundreds of tankers and bulk carriers have been diverted away from the Black Sea, while dozens more have been stranded at ports and at sea unable to unload their valuable cargoes Only a small handful of Russia’s 2,000...
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  • Secret codes and upto 2 million Chinese yuan fees get ships through Iran’s Hormuz tollbooth
  • Navy ensures security of Indian commercial ships, oil tankers: Defence Minister Rajnath Singh
  • Ship carrying Iranian oil shifts course midway from India to China

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