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From falling U.S. wealth to Indian factory closures, oil shock raises global recession risk

From falling U.S. wealth to Indian factory closures, oil shock raises global recession risk

by AIP Online Bureau | Apr 7, 2026 | Eco/Invest/Demography, International News, Policy, Risk Management

Risks sharpen for the global economy if oil moves above $110 or $120 a barrel, warned Nathan Sheets, chief global economist at Citi and a former U.S. ​Treasury Department official. Attacks that have severely damaged refineries, ports and oil storage in the Gulf region...
Fire breaks out at Tata Electronics factory in TN; none injured

Fire breaks out at Tata Electronics factory in TN; none injured

by AIP Online Bureau | Sep 28, 2024 | Indian News, Non-Life, Risk Management

“There has been an unfortunate incident of fire at our plant in Hosur, Tamil Nadu. Our emergency protocols at the plant ensured that all our employees are safe. The cause of the fire is under investigation and we will take necessary actions to safeguard the...
Vietnam may replace China as factory of the world in near future

Vietnam may replace China as factory of the world in near future

by AIP Online Bureau | Jun 25, 2022 | Eco/Invest/Demography, International News, Pandemic, Policy

As Southeast Asia eases its epidemic restrictions and China continues to battle Omicron flare-ups in its major cities, a new wave of headlines emerged over whether factory orders will continue to flow out of China, and if China should have a sense of crisis as global...

12 people killed, 21 injured in explosion at a factory in UP’s Hapur

by AIP Online Bureau | Jun 4, 2022 | Indian News, Non-Life, Workplace/Employee Benefits

There were around 30 people in the affected area at the factory in the UPSIDC industrial area in Dholana, around 80 km from the national capital, when the incident occurred, they said  Hapur (UP)  At least 12 workers died and 21 were injured when a boiler exploded at...

Asian factories take Omicron risks in stride, for now

by AIP Online Bureau | Jan 4, 2022 | Eco/Invest/Demography, Health, International News, Pandemic, Policy, Reinsurance

The rising rate of global infections have raised eyebrows among policymakers, with outbreaks in China forcing some firms to suspend production and threatening to disrupt output for memory chip giants like Samsung Electronics a TOKYO: Asia’s factory activity grew...

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