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Elon Musk launches $43-bn hostile takeover of Twitter
Elon Musk After his stake became public, Musk immediately began appealing to fellow users about prospective moves, from turning Twitter’s San Francisco headquarters into a homeless shelter and adding an edit button for tweets to granting automatic verification marks...
Worldwide COVID cases surpass 500 mln as Omicron variant BA.2 surges
Roughly 64.8% of the world population has received at least one dose of a COVID vaccine, although only 14.8% of people in low-income countries have received at least one dose, according to figures from Our World in Data Since 2020, about 37% of the world's COVID cases...
South Africa’s deadliest floods in nearly three decades claim more than 250 lives
“The damages seem quite severe and we have received a significant volume of claims. We expect a significant number of new claims will be reported in the coming days, and we have mobilized our teams to deal with the expected volumes to ensure continuity of customer...
TMK launches IP Abatement Insurance for US-based SMEs
Product will be available as an add-on to TMK’s Intellectual Property (IP) Infringement Defence Policy and features limits of up to USD3m TMK, a leading specialist insurer, has launched IP Abatement insurance for clients in the US. The product will be available for...
Swiss Re secures secures $1.15bn alternative capital via an innovative hybrid transaction
The transaction, which covers underwriting risks across the entire Swiss Re Group, is the first of its kind to combine both bank financing and insurance-linked securities Zurich: Swiss Re has successfully closed an innovative multi-year stop-loss transaction, with...
APAC with over $15 billion accounts for the highest percentage of Q1 global economic losses: AON
The first quarter is typically the quietest of the year, though 2022 marked the sixth consecutive year to record more than $10 billion in insured losses The preliminary Q1 overall economic loss was $31 billion. Public and private insurers covered $14 billion of this...
China warns of NFT-related financial risks
Although NFTs could contribute to China's digital economy, they could also lead to speculative trading, money laundering, and illegal financing, said the trio, who also issued a joint ban on cryptocurrency trading last year NFTs must not be used in the issuance of...
As tougher climate disclosures hit, campaigners scour for laggards
Almost 2,000 climate change-related lawsuits have been launched around the world to date, the bulk in the last seven years, London’s Grantham Research Institute on Climate Change and the Environment showed Britain on [April 6] became the first G20 country to make it...
Inflation wave reaches Asia with signs worst is yet to come
Inflation readings across the region -- China, India, Indonesia, Philippines, Thailand and South Korea -- recently rose more than forecast, while New Zealand on Wednesday hiked rates by the most in 22 years over price worries. And accelerating manufacturing costs...
IMF, World Bank, WFP and WTO urge coordinated action on food security
In a joint statement, the leaders of the four institutions warned that the war in Ukraine was adding to existing pressures from the COVID-19 crisis, climate change and increased fragility and conflict, threatening millions of people worldwide The World Bank,...
Just 78 out of 300 top listed cos disclosed net-zero carbon emission goals in last 3 financial years: Report
FY21, the number of companies making net-zero commitments was only 26 per cent of these top 300 but the number has doubled over FY20 and is at four times the number in FY19. This trend is heartening as it gives a fillip to the country's commitments towards becoming...
Auto sales remain in slow lane in FY22; two-wheeler dispatches lowest in 10 years
SIAM noted that the two-wheeler dispatches in last fiscal were the lowest in 10 years. Similarly, passenger vehicle dispatches last fiscal were below 2017-18 and 2018-19 levels. ''While some segments like commercial vehicles and SUVs are seeing improvement in demand,...
India’s mandatory airbag proposal will hurt sales, says top carmaker
India, which has some of the world's deadliest roads, released a draft proposal in January mandating six air bags in all passenger cars manufactured from Oct. 1. The draft rules, part of a series of road safety measures, are yet to be finalised Providing driver and...
Reliance Cap lenders finalise RFRP for bidders; approval expected next week
Key clusters of RCL are Reliance General Insurance, Reliance Health Insurance, Reliance Nippon Life Insurance, Reliance Asset Reconstruction, and Reliance Securities New Delhi: Reliance Cap lenders finalise RFRP for bidders; approval expected next weekLenders of...
IRDA alerts on fraudulent sales health covers by “Even Healthcare”
The insurance regulator IRDAI on Wednesday said it has come to its notice that an entity by the name “Even Healthcare Pvt Ltd” having their corporate office at ‘No.311,6th Main Road, HAL 2nd Stage, Indira nagar, Bengaluru, Karnataka and having website www.even.in is...
Govt in discussion with World Bank for collaboration on coal mine closure framework
Coal Additional Secretary M Nagaraju said both renewable energy (RE) and coal will go hand in hand complementing each other for some more time and then RE will take over the energy security of the country The ministry had earlier said it is in the process of...
U.S. says advanced hackers have shown ability to hijack ‘multiple’ industrial control systems
An executive at Dragos, the cybersecurity firm that helped uncover the cybersabotage tool used by the hackers, said the tool was "highly capable" and had likely been in the works for several years. "It is as dangerous are people are making it out to be," Dragos...
OIL gets Rs 57cr ransom demand from cyber attacker
''After their preliminary investigation, it came to their notice that OIL's network, server and clients' PCs are facing network outage.Further, it also came to their notice that cyberattacker has demanded USD 75,00,000 as a ransom through a note from the infected...