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Amazon sued by publishers claiming audible text service violates copyright

by | Aug 26, 2019 | , ,

The lawsuit was filed by seven members of the Association of American Publishers (AAP), including HarperCollins Publishers, Penguin Random House, Hachette Book Group, Simon & Schuster, and Macmillan Publishers.
“Essentially Audible wants to provide the text as well as the sound of books without the authorization of copyright holders, despite only having the right to sell audiobooks,” AAP said in a statement.

Why are Amazon fires potentially sparking global climate crisis?

by | Aug 26, 2019 | , , ,

Brazilian climate scientist Carlos Nobre believes 15-17% of the entire Amazon has already been destroyed. At first, researchers thought the tipping point would be 40% destruction. But that has changed with global warming raising temperatures in the Amazon and the increasing number of fires. Nobre now says that the tipping point is more likely at between 20-25%.

Foreign investors pull out Rs 3,014 cr from capital markets in Aug so far

by | Aug 25, 2019 | ,

“One can now expect reversal of the FPI selling. The market is likely to look up from now on. However, sustained rally in the market will happen only when we have visibility on good earnings growth and reversal of the slowdown underway in the economy which requires more reforms.The Finance Minister has announced that she will come back with more reforms soon. So, there is hope,” said V K Vijayakumar, chief investment strategist at Geojit Financial Services.
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HSBC considering a bid for Aviva’s Asian operations, reports suggest

by | Aug 23, 2019 | ,

Aviva, the UK insurance conglomerate whose shares have dropped 27 per cent in the last 12 months, confirmed in August it’s examining options for its Asian business as new chief executive officer Maurice Tulloch’s turnaround takes shape. The company’s operations in the region could be valued at about $3 billion to $4 billion, with an official process slated to kick off later this year, Bloomberg News reported earlier.

FM unveils measures to revive auto sales and capital market inflows

by | Aug 23, 2019 | ,

The government will consider various measures including scrappage policy. The scrappage policy, if implemented, is likely to give stimulus to customers to make new purchases supported by government incentives in place of their old vehicles.BS4 vehicles purchased up to March 2020 will all remain operational for their entire period of registration.

Revision of one-time registration fees being deferred till June 2020.

Unlocking value for P&C insurers : Advanced analytics may present a crucial way

by | Aug 22, 2019 | , ,

-Insurers can grow, optimise existing portfolios and become more efficient using advanced analytics that combine data science, extensive risk knowledge and industry expertise
-In particular, commercial lines can catch up with personal lines, which currently use analytics more extensively, through exploiting the rapid explosion in the number and breadth of structured and unstructured data sources
-Insurers can target at least a 2-5% improvement in loss ratios under real trading conditions with use of advanced analytics

Deadlock continues as EU rebuffs Johnson bid to reopen Brexit Deal

by | Aug 22, 2019 | ,

“We welcome the U.K. government’s engagement,” European Commission spokeswoman Natasha Bertaud told reporters in Brussels. “The letter does not provide a legally operable solution to prevent the return of a hard border on the island of Ireland, it does not set out what alternative arrangements could be, and in fact it recognizes that there’s no guarantee that such arrangements will be in place by the end of the transitional period.”