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Bayer ordered to pay $2.25 billion in latest Roundup trial

Bayer ordered to pay $2.25 billion in latest Roundup trial

by AIP Online Bureau | Jan 28, 2024 | Health, International News, Risk Management

Bayer was ordered on Friday to pay $2.25 billion to a Pennsylvania man who said he developed cancer from exposure to the company’s Roundup weedkiller, the man’s attorneys said. A jury in the Philadelphia Court of Common Pleas found that John...

Italy fines first city for privacy breaches in use of AI

by AIP Online Bureau | Jan 27, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology

The authority – one of the EU’s most proactive in assessing AI platform compliance with the bloc’s data privacy regime – last year briefly banned popular chatbot ChatGPT in Italy ROME: Italy’s privacy watchdog has fined the northern city...

FPIs sold equities worth Rs 24,734 crore in January

by AIP Online Bureau | Jan 27, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

The rising bond yields in the US is a matter of concern and this has triggered the recent bout of selling in the cash market. The rally in global stock markets was triggered by the Fed pivot which saw the 10-year bond yield falling from 5% to around 3.8%. Now the...
Oil tanker on fire in Gulf of Aden after missile attack by Houthis

Oil tanker on fire in Gulf of Aden after missile attack by Houthis

by AIP Online Bureau | Jan 27, 2024 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance, Risk Management

THe US Central Command said its forces had conducted a strike at 3:45 local time on Saturday “against a Houthi anti-ship missile aimed into the Red Sea and which was prepared to launch”. They “destroyed the missile in self-defence,” CentCom...
US to propose ‘know your customer’ requirements for cloud computing companies

US to propose ‘know your customer’ requirements for cloud computing companies

by AIP Online Bureau | Jan 27, 2024 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management, Technology

U.S. Commerce Secretary Gina Raimondo The proposed “know your customer” regulation is set to be released as soon as next week. Top cloud providers include Amazon.com’s AWS , Alphabet’s Google Cloud and Microsoft’s Azure unit. “We...
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