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Car sales in fast lane in November; Maruti, Hyundai, Tata Motors post double-digit growth
''The supply chain situation continues to be dynamic due to continuing international disruptions. We are keeping a close watch and are taking appropriate steps,'' M&M President, Automotive Division Veejay Nakra New Delhi: Car makers have logged the best-ever...
Govt launches DigiYatra for passengers at 3 airports Scindia says data stored in encrypted format
Civil Aviation Minister Jyotiraditya Scindia Amid concerns in certain quarters about data theft and privacy issues, Scindia said the data shared for DigiYatra will be stored in an encrypted format in a decentralised manner. New Delhi; The government on Thursday...
AM Best maintains stable outlook on global reinsurance industry
Chief among the negative drivers is the heightened natural catastrophe activity that continues to test investors’ risk tolerance levels, according to a new Best’s Market Segment Report, titled, “Market Segment Outlook: Global Reinsurance.” AM Best has maintained its...
Hurricane Ian drives global Nat Cat insured losses to $115 billion in 2022: Swiss Re
2022 is the second consecutive year in which the estimated insured losses total more than $100 billion, continuing the trend of a 5–7% average annual increase over the past decade The re/insurance industry covered roughly 45% of the economic losses this year,...
Study reveals that diet can reduce risk of cardiovascular disease by 10 per cent
A healthy diet is one important lifestyle strategy for lowering CVD risk factors, such as high blood pressure and cholesterol levels, and ultimately preventing atherosclerotic heart disease, or the hardening and narrowing of the arteries caused by fatty buildup, which...
UN appeals for record $51.5 billion to help 230 million on the brink in 2023
At least “222 million people … will face acute food insecurity in 53 countries by the end of this year. In 2023, 45 million people in 37 countries risk starvation, according to the Global Humanitarian Overview Numerous countries had been hit by lethal droughts and...
Miller continues expansion of Asia Marine offering with new hire
Miller, the leading specialist (re)insurance broker, today announces the appointment of Choo Cai Ling in a production and broking role, joining its Singapore based Marine team. Cai Ling will begin the role on 1 December 2022 and report into Nick King, Head of Marine...
Martin Zschech to lead Global Industry Solutions & Client Management team at AGCS
Global Industry Solutions is a key part of the NEW AGCS strategy. It creates an industry-led sales model for AGCS targeting specific industry segments, with GIS Directors as single points of contact to drive solutions across all Lines of Business and other Allianz...
Large parts of world drier than normal in 2021: WMO
Between 2001 and 2018, UN-Water reported that a staggering 74 per cent of all natural disasters were water-related The recent UN climate change conference, COP27, in Egypt, urged governments to further integrate water into adaptation efforts, the first-time water has...
UN Forum tackles ‘digital poverty’ facing 2.7 billion people
While digital technologies transform lives and livelihood for the better, increased use of Internet has also paved the way for the proliferation of misinformation, disinformation and hate speech, the regular occurrence of data breaches, and an increase in cybercrimes....
Yellen says appropriate for U.S. firms to assess China geopolitical risks
`` But we are seeing a range of geopolitical risks rise to prominence, and it's appropriate for American businesses to be thinking about what those risks are." said U.S. Treasury Secretary Janet Yellen Yellen also said China's persistent COVID-19 lockdowns were...
India Post Payments Bank cautions its customers from cyber frauds
India Post Payments Bank (IPPB) advised that customers should not use the mobile number of any third person for bank account opening and they have been advised not to accept or send any money without knowing the genuineness of the transaction New Delhi; Bank account...
New York, Singapore top chart as the world’s most expensive cities: Survey
The cost of living in 172 of the world’s major cities rocketed an average 8.1% over the past year, driven by factors including the war in Ukraine and supply-chain snarls, according to the Economist Intelligence Unit’s Worldwide Cost of Living report. Asian cities...
Rising inflation, falling wages threaten increased poverty and unrest: ILO
“Income inequality and poverty will rise if the purchasing power of the lowest paid is not maintained,” he said. “In addition, a much-needed post-pandemic recovery could be put at risk. This could fuel further social unrest across the world and undermine the goal of...
Govt gears up for amending Insurance Acts to overhaul sector, may go through in Budget Session
On Wednesday, the department of financial services, through an office memorandum has asked for public comments on the proposed amendments by December 15 The proposed amendments primarily focus on enhancing the financial security of the policy holders, promoting policy...
COC rejects all bids for Reliance Capital, decides liquidation: sources
The option 1 bidders are Hinduja, Torrent, Oaktree, Cosmea Financial and Piramal consortium, and UAVRCL. Out of these five bidders, UVARCL has bid on a fee basis, which means that it has not submitted any resolution plan for RCAP. It will further sell RCAP assets and...
Accelerated action needed to save 12,000 lives a day due to injury, violence
In Preventing injuries and violence: an overview, WHO reveals that road traffic injuries, homicide and suicide, are three of the top five causes of death among people aged five to 29, People living in poverty are significantly more likely to suffer an injury than the...
Twitter ends enforcement of COVID misinformation policy
Despite its rules prohibiting COVID misinformation, Twitter has struggled with enforcement. Posts making bogus claims about home remedies or vaccines could still be found, and it was difficult on Tuesday to identify exactly how the platform's rules may have changed...