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Apple fined nearly USD 2 billion by the European Union over music streaming competition

Apple fined nearly USD 2 billion by the European Union over music streaming competition

by AIP Online Bureau | Mar 4, 2024 | Eco/Invest/Demography, International News, Regulation, Risk Management, Technology

Apple banned app developers from ”fully informing iOS users about alternative and cheaper music subscription services outside of the app”, said the European Commission, the 27-nation bloc’s executive arm and top antitrust enforcer The European Union...
US FAA says Boeing 737 MAX production audit found compliance issues

US FAA says Boeing 737 MAX production audit found compliance issues

by AIP Online Bureau | Mar 4, 2024 | Eco/Invest/Demography, International News, Risk Management

The audit was prompted by a Jan. 5 mid-air emergency involving a new Alaska Airlines 737 MAX 9 that lost a door plug at 16,000 feet (4,877 meters). The FAA previously barred Boeing from expanding 737 production The Federal Aviation Administration on Monday said the...

India’s wheat, rapeseed ravaged by rain just before harvesting

by AIP Online Bureau | Mar 4, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management

“The entire wheat crop has been flattened due to heavy rainfall and hailstorm. It was nearly mature, and we could have harvested it in two to three weeks,” said Mukesh Kumar, a farmer from Uttar Pradesh, the country’s largest producer of the grain...
War risk insurance premium through Red Sea remained stable despite the sinking of the cargo ship

War risk insurance premium through Red Sea remained stable despite the sinking of the cargo ship

by AIP Online Bureau | Mar 4, 2024 | International News, Non-Life, Reinsurance, Risk Management

Insurance industry sources said that war risk premiums being quoted for Red Sea voyages had remained around 1% of the value of a ship for some weeks – compared with around 0.5% before the attacks started – with various discounts applied by underwriters The cost of war...
Govt launches Chakshu to report fraud calls, phone number leaks by firms

Govt launches Chakshu to report fraud calls, phone number leaks by firms

by AIP Online Bureau | Mar 4, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology

Union IT and Communications Minister Ashwini Vaishnaw said that through digital measures to check fraud and crime, the Department of Telecom Services has been able to help citizens save around Rs 1,000 crore in the last nine months and Rs 1,008 crore has been frozen...
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