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US files $100 million lawsuit against owner and operator of ship that destroyed Baltimore’s Key Bridge

US files $100 million lawsuit against owner and operator of ship that destroyed Baltimore’s Key Bridge

by AIP Online Bureau | Sep 18, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Technology

“The Justice Department is committed to ensuring accountability for those responsible for the destruction of the Francis Scott Key Bridge, which resulted in the tragic deaths of six people and disrupted our country’s transportation and defense infrastructure,” said...
Covid-19 continues cause excess mortality in US and UK, says Swiss Re

Covid-19 continues cause excess mortality in US and UK, says Swiss Re

by AIP Online Bureau | Sep 16, 2024 | Eco/Invest/Demography, Health, International News, Life, Non-Life, Reinsurance, Risk Management

Report suggests potential excess mortality in the general population of up to 3% for the US by 2033 and 2.5% in the UK, the longest period of elevated peacetime excess mortality in the US. Key driver of excess mortality is the lingering impact of COVID-19; both as a...

FPIs inject Rs 27,856 cr in equities in Sep so far on US rate cut expectations

by AIP Online Bureau | Sep 15, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

Foreign Portfolio Investors (FPIs) have been consistently buying equities since June. Before that, they pulled out Rs 34,252 crore in April-May New Delhi: Foreign investors have infused Rs 27,856 crore in domestic equities in the first fortnight this month, owing to...
Private US banks can embrace UPI for faster digital payments: Fed Reserve Governor

Private US banks can embrace UPI for faster digital payments: Fed Reserve Governor

by AIP Online Bureau | Aug 28, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management, Technology

Christopher Waller,Governor,Federal Reserve “The technology-driven payments revolution in India has been enabled by a public-private partnership to build the ‘technology stack’ of digital platforms that has broadened financial inclusion and done so at low costs,”...
US Fed Chair Powell says ‘time has come’ for policy adjustment, hints at rate cut

US Fed Chair Powell says ‘time has come’ for policy adjustment, hints at rate cut

by AIP Online Bureau | Aug 24, 2024 | Eco/Invest/Demography, International News, Wealth Management/ Philanthropy

US Federal Reserve Chair Jerome Powell Speculation has abounded over the possibility of a rate cut at the rate-setting Federal Open Market Committee (FOMC) meeting slated for Sept. 17-18. After last month’s FOMC meeting, Powell said a rate cut could be “on...
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