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Hantavirus Cruise outbreak poses low pandemic risk
Tedros Adhanom Ghebreyesus,Director-General,WHO The outbreak has triggered an international response and grabbed global headlines in an echo of the last pandemic, when cruise ships became symbols of how swiftly a pathogen could move through a confined space. Still,...
Sabotage,Cyber threats rattle Europe’s power grid
Under the EU’s new defense spending ambitions, about €250 billion is intended for areas like cybersecurity and critical infrastructure, according to lobby group Eurelectric. It wants some of that pot allocated to energy safety and protection. The helicopter flying...
Hormuz Strait shuts after US-Iran clashes
President Donald Trump again threatened more intense strikes if Iran refuses his terms. Tehran responded, saying on X that the continued hostile action against Iran “highlights the confusion and inability of the ruling authorities in the United States to properly...
Pradhan Mantri Jeevan Jyoti Bima Yojana:Driving India’s financial inclusion push
R. Doraiswamy, CEO and MD, Life Insurance Corporation Many families remain unaware of Pradhan Mantri Jeevan Jyoti Bima Yojana or that premiums were paid for deceased members, with no physical policy document issued.In the absence of a nominee, families must undergo...
Agentic AI may help insurers reduce cost, complexity of tech modernisation: Report
According to the report, insurers that combine reusable AI capabilities with strong governance and platform discipline can accelerate the decommissioning of legacy systems while maintaining operational control. Agentic AI presents an opportunity to fundamentally...
Govt exploring fractional aircraft ownership policy, considering aircraft as infrastructure assets: Civil Aviation Minister
Ram Mohan Naidu,Union Civil Aviation Minister Addressing the India Aircraft Leasing and Financing Summit 2.0 at GIFT City in Gandhinagar, the minister said the Ministry of Civil Aviation is engaging with the Ministry of Finance to develop forward-looking aviation...
Global InsurTech funding reaches in $1.63 billion in Q1:Gallagher Re
AI-focused companies dominated the quarter, accounting for 95.2% of total funding — a record share. These firms raised USD 1.55 billion across 68 deals, with all of the ten largest funding rounds going to AI-led businesses. Global InsurTech funding remained resilient...
Financial Stability Risks:Artificial Intelligence fuelling Cyberattacks
Anthropic’s Claude Mythos Preview highlights rapidly escalating AI-driven cyber risks, with the model able to identify and exploit vulnerabilities across major systems even in non-expert hands.This signals how quickly such threats could extend beyond technology and...
Time for greater workforce formalisation, expansion of social security coverage:SBI report
Punjab records the highest share of informal workers at 82 per cent, followed by Uttar Pradesh and Bihar at 81 per cent each.Rajasthan, Chhattisgarh, Andhra Pradesh and Madhya Pradesh also exhibit high levels of informal employment, with nearly 74 per cent of workers...
Iran accuses US of violating ceasefire with new attacks
The U.S. targeted "an Iranian oil tanker traveling from Iran's coastal waters near Jask toward the Strait of Hormuz, as well as another vessel entering the Strait of Hormuz near the Emirati port of Fujairah," a spokesperson for Iran's Khatam al-Anbiya Central...
Countries scramble to track virus-affected cruise passengers
In total, five people are confirmed to have contracted the virus, with another three suspected cases, the World Health Organization said. Hantavirus is usually spread by rodents but can in rare cases be transmitted person-to-person. AMSTERDAM/GENEVA:Countries...
FM launches new insurance policy for manufacturers
“FM Essential brings together engineering insight, data analytics and competitive risk transfer capabilities to help manufacturers navigate complexity and focus investment where it has the greatest impact.” Alex Tadmoury, executive vice president, International, at FM...
Iran sets Hormuz transit rules; Shipowners stay cautious
Iran’s Islamic Revolutionary Guard Corps said Wednesday that “safe, stable passage” through the waterway will be possible with “new protocols in place.” That came soon after a report that the US had proposed a peace deal, which Tehran is now considering. Iran has laid...
Banks must prepare for cyber threats posed by AI models like Mythos: Nagaraju
Referring to cyber security concerns, he said Anthropic Mythos AI model has advanced capabilities to identify and potentially exploit systems, and added that it has raised alarm bells among regulators because of the vulnerabilities in legacy banking technology...
Bajaj Finserv Health appoints Deepak J Matai as CEO
Bajaj Finserv Health, a subsidiary of Bajaj Finserv, on Thursday appointed Deepak J Matai as chief executive officer.The health-tech company offers preventive, personalised, and partner-led care, health financing, and wellness plans. ``India has 16 per cent of the...
MS Amlin launches industry-first property treaty consortium, to boost capacity for global data centres
The Property Treaty Per Risk (PPR) Consortium,bringing together four Lloyd’s syndicates, expands MS Amlin’s maximum line size from $50m to $67.5m, providing a 35% uplift in capacity for placements while maintaining a single coordinated underwriting and claims...
Govt gives 3rd extension to Joshi as an acting CMD of GIC Re
Hitesh Ramesh Chandra Joshi, acting CMD, GIC Re Joshi, who has already been selected as the CMD of GIC Re by the Government's head hunting body FSIB, has been holding the additional charge of the GIC Re's top post since Oct 1. Mumbai:Further delaying the appointment...
SEBI sets up ‘cyber-suraksha.ai’ task force amid rising AI-driven cyber risks
"The rapid evolution of emerging technologies including AI-driven vulnerability identification tools (E.g. Claude Mythos) has introduced new dimensions of risks for Regulated Entities," SEBI said in the circullar. New Delhi:Market regulator Securities and Exchange...