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Global cyber insurance premium to grow 20% to reach $23 billion by 2025 from $10 billion in 2021: Swiss Re
The market has significant growth potential beyond these projections. Given estimates of annual global cyber losses at around $ 945 billion, roughly 90% of the risk remains uninsured, said Swiss Re Jérôme Haegeli, Swiss Re Group Chief Economist: "As cyberattacks have...
Apple warns of hit to iPhone shipments from China COVID disruption
"But this is part of a much deeper story - the uncertainty surrounding the future of the Chinese economy… These headlines are part of the ongoing saga as to whether there is any truth to the consistent rumours that authorities are discussing whether some of the...
Six years since demonetisation, massive jump in cash with public at Rs 30.88 lakh cr
In a recent note, economists at SBI had said the currency in circulation (CIC) declined by Rs 7,600 crore in the Diwali week, which was the first such decline in nearly two decades if one were to exclude the 2009 festivities, which saw a marginal dip due to the global...
Indian ‘hack-for-hire’ firms target VIPs, states: Report
According to the investigation based on leaked documents and undercover work in India earlier this year, journalists posing as former MI6 agents turned private investigators claim that one gang ''seized control of computers'' owned by Pakistan's politicians, generals...
Tirupati richer than Wipro, Nestle, ONGC; net worth over Rs 2.5 trn
Its assets include 10.25 tonnes of gold deposits in banks, 2.5 tonnes of gold jewellery, about Rs 16,000 crore of deposits in banks, and 960 properties across India New Delhi: Tirupati's world famous Lord Venkateswara temple's net worth of over Rs 2.5 lakh crore...
COP27 begins a ‘new era to do things differently’, issue of “loss and damage” to be discussed
29 countries have now come forward with tightened national climate plans since COP26, five more since the publication of last week’s UNFCCC NDC Synthesis report, but still not a majority, said Simon Stiell, the new Executive Secretary of the UN Climate Convention...
‘IRDAI in talks with govt to relax Rs 100-cr entry capital for insurers’
Debasish Panda, Chairman,IRDAI "Like in the banking system, we have microfinance institutions, regional banks, and small finance banks. So, we have all categories of banks then there are non-banking financial companies. In the insurance sector also, we should have...
Allianz Global Investors targets $1 bln for tackling climate risks
Private finance in developing economies hit a record $250 billion last year, according to the International Monetary Fund, but must more than double by 2030 to keep on track to hit the world’s climate goal, a London School of Economics study said Allianz Global...
TotalEnergies to take legal action after Greenpeace says it under-reports emissions
Greenpeace France earlier accused the oil giant of under-reporting emissions, sparking a debate about its seriousness in the fight against climate change days ahead of the next round of global climate talks. France’s TotalEnergies said on Thursday it would take legal...
Dutch govt to stop banks credit insurance for fossil fuel exports
Around 20 countries including Germany, the United States, Britain and Canada made similar commitments, but only a few including France have so far implemented them into policy The Dutch government on Thursday said it intends to stop giving companies and banks credit...
Ukraine war led to more damaging and widespread cybersecurity attacks: EU Agency
“Today’s global context is inevitably driving major changes in the cybersecurity threat landscape. The new paradigm is shaped by the growing range of threat actors,” ENISA Executive Director Juhan Lepassaar said in a statement Geopolitics such as Russia’s invasion of...
UK to cap price of Russian oil for any global company using its insurance, brokerage and shipping services
The insurance industry has been in limbo about whether and how the UK would follow the EU’s measures, although the expectation was that it would do so London is an important insurance market for the transport of oil. Protection and indemnity insurance covers companies...
77 pc employees think work-related stress can induce anxiety, depression: Report
The report further revealed that 82 per cent of the participants validated that health issues like immunodeficiency disorders, gastrointestinal disorders and musculoskeletal disorders are directly connected with work-related stress, while 14 per cent remained neutral...
CCPA levies Rs 1 lakh fine on Cloudtail for selling pressure cookers on Amazon in violation of BIS standards
''The company was also directed to pay a penalty of Rs 1,00,000 for selling domestic pressure cookers to consumers in violation of mandatory standards prescribed under the QCO and violating the rights of consumers,'' the statement said The CCPA initiated suo-moto...
Biden slams Musk’s Twitter buy, says platform responsible for spewing lies
US President Joe Biden Civil rights groups are also stepping up pressure on advertisers to ensure Musk takes steps to keep the platform from being a host to hate speech or disinformation President Joe Biden criticized Elon Musk’s acquisiton of Twitter Inc., saying the...
Warren Buffett’s firm reports USD 2.7B loss on investment drop
Warren Buffett, chairman, Berkshire Hathaway Buffett has long said he believes Berkshire's operating earnings are a better measure of the company's performance because they exclude investment gains and losses, which can vary widely quarter to quarter By that measure,...
After announcing the demerger of its financial services arm, billionaire Mukesh Ambani's Reliance Industries Ltd (RIL) is set to make another big move. The company is gearing up to enter the insurance business. According to a report in the Business Line, RIL is in the...
Climate change much deadlier than cancer in some places, UNDP data shows
The data shows that climate change could increase mortality rates in Faisalabad, Pakistan by near 67 deaths per 100,000 population – causing more fatalities than strokes, the country’s third leading cause of death In Riyadh, Saudi Arabia, however, higher incomes could...