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FAA warns Boeing may not win certification for 737 MAX 10 by year-end
Boeing said Thursday it continues "to work transparently with the FAA to provide the information they need and remain committed to meeting their expectations, including regarding 777-9 and 737-10 certification" WASHINGTON: The U.S. Federal Aviation Administration...
UK sketches out first regulatory approach to crypto
Cryptoassets, such as bitcoin and ether, are largely unregulated as they fall outside the regulatory 'perimeter' and a change of law would be needed to bring them under the full scope of UK securities rules, a step Britain's finance ministry is looking at LONDON: The...
ANZ becomes first Australian bank to mint stablecoin
A stablecoin is a kind of digital asset that is devised to keep its value stable in relation to another asset, and are frequently used as a portal to other cryptocurrencies or to generate income in decentralised financial systems The company's move to mint digital...
Oscars 2022: Allianz’s Entertainment division insures half of all productions in the “Best Picture” category
Based on industry estimates, the largest film insurance market is Hollywood with approximately $400-500 million of annual insurance premiums, followed by productions from the United Kingdom with approximately $60-70 million China is growing at $45 million, as are...
Delhi 3rd nationwide in per capita income after Sikkim, Goa: Eco Survey
According to the survey, Delhi's per capita income grew 16.81 per cent year-on-year to Rs 4,01,982 in fiscal 2021-22 The per capita income of Delhi was three times higher than the national average in 2021-22, it said New Delhi: Delhi ranked third in terms of per...
Aon appoints Dai Jia to as general manager of its China ops
Dai Jia Today, Aon-COFCO is the leading provider of risk management, insurance and reinsurance brokerage in China, with over 600 employees operating in Shanghai, Beijing, Guangzhou, Nanjing, Chengdu, Shenzhen, Hangzhou and Jinan SHANGHAI:Aon-COFCO, a joint venture...
Data centres in India faced 51 million cyber attacks in 9 months
As per the research done by The Institution of Electronics and Telecommunication Engineers (IETE) and CyberPeace Foundation (CPF) along with Autobot Infosec, attackers tried to run multiple terminal commands and also tried to download malicious payloads on the system...
Google tests catching heart, eye issues from smartphone sensors
Google also plans to test whether its artificial intelligence software can analyse ultrasound screenings taken by less-skilled technicians, as long as they follow a set pattern. The technology could address shortages in higher-skilled workers and allow birthing...
Most states haven’t enhanced health budget share to over 8 pc: Parliamentary panel
The Department Related Parliamentary Standing Committee on Health and Family Welfare, in its report tabled in Parliament on Thursday, recommended that all the states and Union territories should emulate Delhi and Puducherry and increase the share of health spending in...
Biodiversity loss poses global financial threat, report says
While climate change has shot up the agenda, the related issue of lost biodiversity has been neglected even though it too can have a major economic impact, a report by the Network for Greening the Financial System (NGFS) and the International Network for Sustainable...
New York widens lead over London in top finance centres index
London held on to second place despite shedding 14 points to 726. A similar fall next time would put it behind Hong Kong, Shanghai and Los Angeles, and on par with Singapore, based on their current performances (see table). London is now the only European centre in...
Using artificial intelligence to red-flag emerging pandemics
Raina MacIntyre AI filtering and analysis of open-source data could stop future epidemics from becoming global pandemics Raina MacIntyre Serious infectious diseases have become more frequent in the past decade. Even before the COVID-19 pandemic, infectious diseases...
Stranded Ships: 200 container ships grounded globally over past decade
The insurance industry has always supported the development of the shipping industry providing ship-owners are taking into account the risks that accompany any increase in size. Building ships for just economies of scale is not enough, says Allianz Nearly one year...
Indian Banks share in industrial credit plunges to 34% in FY21, says report
Outstanding non-food credit growth moderated from an already low 6.1 per cent in March 2020 to 5.5 per cent in March 2021 as the pandemic shock hit the economy The share of non-banks in the commercial credit has more than doubled to 44 per cent while that of foreign...
Sanjay Godhwani appointed to new executive leadership roles at Berkshire Hathaway Specialty Insurance
Sanjay Godhwani Sanjay will be responsible for all North America Region underwriting and underwriting support groups, customer & broker engagement, and BHSI’s Global Catastrophe Engineering & Analytics group BOSTON & NEW YORK: Berkshire Hathaway Specialty...
Covid-19 deaths: SC allows Centre to conduct inquiry into fake claims
A bench of Justices M R Shah and B V Nagarathna said the government can verify 5 per cent of claims in four states -- Maharashtra, Kerala, Gujarat and Andhra Pradesh -- where the gap between number of claims and recorded deaths was wide The top court also set a period...
Japan considering mandatory disclosure of gender wage, female manager ratio – sources
The government is also considering having firms disclose the ratio of male workers on childcare leave, said the sources, who declined to be identified as they were not authorised to speak to the media. "The wage gap between men and women is an economic and financial...
Hannover Re makes insurtech innovation platform hr | equarium openly accessible
"Like a dating service for singles, hr | equarium acts as a go-between for insurers and insurtechs and has established itself in this role as the leading innovation platform," said Claude Chèvre, the responsible member of Hannover Re's Executive Board Hannover:...