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German road traffic agency asks Tesla to recall 59,000 units globally

German road traffic agency asks Tesla to recall 59,000 units globally

by AIP Online Bureau | Jul 4, 2022 | International News, Risk Management, Technology

The U.S. National Highway Traffic Safety Administration (NHTSA) early in June upgraded its probe into 830,000 Tesla vehicles with the advanced driver assistance system Autopilot, a required step before it could seek a recall Germany’s road traffic agency said it...

Zurich to sell a portfolio of German life insurance policies to Cinven’s Viridium Group

by AIP Online Bureau | May 12, 2022 | International News, Life

French insurer AXA SA is also exploring a sale of German life insurance assets, people with knowledge of the matter said. The portfolio has attracted interest from suitors including Apollo Global Management Inc.’s Athora arm, according to the people Zurich Insurance...

Former Warburg banker gets jail term in German fraud trial

by AIP Online Bureau | Feb 9, 2022 | Banking & Bancassurance, Risk Management

He is the second person to receive a jail sentence for trading activity that thrived during the years after the financial crash and cost Germany more than five billion euros ($5.72 billion) The fraud involved trading shares rapidly around a syndicate of banks,...

Twitter challenges German rules for online reporting

by AIP Online Bureau | Feb 2, 2022 | Eco/Invest/Demography, International News, Policy, Regulation, Technology

The lawsuit filed at the administrative court in Cologne challenges a provision under Germany’s expanded anti-hate speech regulations that Twitter says allows user data to be passed to law enforcement before it is clear any crime has been committed Twitter has taken...
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