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Pirates attack oil tanker in West Africa, kidnapping another crew

About 82% of crew kidnappings globally take place in the Gulf of Guinea, according to the IMB. The region remains a hotspot despite a worldwide decline in piracy in the first nine months of the year, compared with the same period in 2018. Passing ships have been advised to stay at least 200 nautical miles from the Gulf’s coast and preferably 250 nautical miles away, the Bureau said Monday.

Online retail sales meagre in India: WB Report

Small and medium enterprises in the region reported that removing regulatory and logistical challenges to e-commerce would increase their exports, employment, and productivity by as much as 20-30 percent. To overcome these hurdles, the report proposes reforms in areas such as payments, delivery, market access regulations, consumer protection, and data privacy, at the national, regional, and global levels

Is China winning the Insurtech Race

The funding gap between the US and China has become much smaller over the years: Whereas US insurtechs have raised EUR 5.8bn in total in 2018, total funding in China amounts to EUR 4.1bn – more than four times the European figure. The Chinese figure is even more amazing against the backdrop of the size of the Chinese insurtech landscape: Only 7% of the insurtech companies analyzed are located in China, but 55% are in the U.S. and 38% in Europe.

Govt reforms will make India a very competitive, efficient economy: Kant

India has gone digital. That’s the biggest transformation that has taken place.As a result, India has become hugely data-rich, even before it has become rich. This data richness of India has led to over 1,000 startups working in learnings, artificial intelligence and they are doing the kind of disruption that the world has never seen before. Many of them are doing pathbreaking work,” Kant told

Porsche bets rich Indians will pay to show off electric cars

Porsche, which sells 350-450 cars a year in India, is looking for a boost to those figures when it launches its new Cayenne Coupe on Friday, followed by the Taycan by July. It unveiled the latter in China, Germany and Niagara Falls in September, with a starting price outside India of $150,900 and a potential base version costing below $100,000. That underscores the model’s central role in parent Volkswagen AG‘s push to become a leader in battery-powered vehicles.

Rs382 cr collected as fine for violation of pollution norms since 2017: CPCB

The CPCB, which works under the Ministry of Environment, Forest and Climate Change, is responsible for advising the central government on prevention and control of water and air pollution. It is also responsible for coordinating the activities of the state pollution control boards and resolving disputes among them, besidesplaying other roles.

Etiqa Insurance launches market-first Cancer insurance with No Claim Discount

“The risk of cancer increases with age. With an ageing population in Singapore, Etiqa recognises the increasing need for a comprehensive yet affordable cancer protection plan, which can reduce financial worry and allow one to fully focus on recovery if cancer is diagnosed. The NCD benefit in our Cancer Insurance is meant to encourage customers to consistently take charge of their protection needs,” said Sue Chi Kong, Chief Executive Officer of Etiqa Insurance Pte. Ltd.

Panda appointed as special secretary,DFS

As additional secretary, Panda  was in charge of Insurance industry and financial inclusion and was in the board of New Indian Assurance. He is also supervising the merger of three PSU general insurers, United India Insurance,National Insurance Company,Oriental Insurance Company. 

US agency probes 12th Tesla crash tied to possible Autopilot use.

While autonomous vehicles are an exciting development, the tech is simply not ready to be deployed safely. Congress must act to protect the public from these vehicles until their safety can be assured,” said Senator Richard Blumenthal of Connecticut, who is a member of the Senate’s Committee on Commerce, Science and Transportation.