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Pandemic surveillance: is tracing tech here to stay?
From contact tracing apps to facial recognition, technology has become part of the arsenal used to protect public health. While this might have helped save lives, rights advocates say intrusive solutions could already be so entrenched that personal privacy is the...
Food emergency: Ukraine war compounds global hunger crisis
As a result, global food prices are already at record highs, with the benchmark U.N. index increasing more than 40% over the past two years. The surge has had crushing consequences. Food insecurity has doubled in the past two years, and the World Food Programme...
Insurers refuse to pick up tab for billions in Opioid claims
The legal battle revolves around whether insurance claims can be denied if policyholders created a "public nuisance" by improperly marketing addictive painkillers. This is the claim made by communities across the United States seeking restitution from drug...
Swiss Re partners with NTUC Income to shield against future variation in Income’s annuity book
This partnership will help shield Income from future variations in its annuity book, by sharing with Swiss Re any future payments to annuitants who live beyond their age expectancy "In this instance, Swiss Re leveraged its global longevity reinsurance expertise,...
Russia-Ukraine War: Chernobyl nuclear plant no longer transmitting to IAEA
"I'm deeply concerned about the difficult and stressful situation facing staff at the Chornobyl nuclear power plant and the potential risks this entails for nuclear safety," said International Atomic Energy Agency (IAEA) chief Rafael Grossi Vienna: The Chernobyl...
91% people consider purchasing life insurance necessary: Survey
The survey showed that due to the COVID-19 pandemic, a significant increase has been witnessed among people opting for life insurance. However, there is still a gap and a need to raise awareness about the importance of purchasing life insurance. "While 91 per cent of...
LIC gets market regulator nod for IPO
However, bankers advising LIC had pushed the government to defer the launch of the stock offering. IPO approvals are valid for a period of 12 months from the date of final observation by the Securities and Exchange Board of India. Mumbai: India's market regulator has...
India, Bangladesh, Nepal finalise MOU for implementation of BBIN Motor Vehicles Agreement
The meeting was held to discuss the passenger and cargo protocols that are essential to operationalise the BBIN MVA for the regulation of passenger, personal and cargo vehicular traffic between Bangladesh, Bhutan, India and Nepal, signed on June 15, 2015 New Delhi:...
Hong Kong’s zero-COVID fight takes mental toll on society, experts say
The mental wear and tear for many of the city's 7.4 million residents often comes not from getting the virus but from the policy and messaging from authorities, prompting panic and anxiety, health experts said The burden falls more disproportionately on society's most...
GLOBAL MARKETS-Global shares fall, oil rises in volatile trading after Russia oil ban
The rally in oil and other commodities has heightened investor fears about global inflation. Data this week is expected to show the U.S. consumer price index climbed a stratospheric 7.9% on a year-on-year basis in February, up from 7.5% in January Solita Marcelli,...
How sanctions against Russia are battering the global aviation industry
Manufacturers, lessors, insurers and maintenance providers to Russian carriers like Aeroflot, S7 Airlines and AirBridgeCargo are among those outside Russia that are hit directly by sanctions Russian airlines have also been cut off from the insurance and reinsurance...
India to resume scheduled international flight services from March 27 after two-year hiatus
''After deliberation with stakeholders and keeping in view the decline in the COVID-19 caseload, we have decided to resume international travel from March 27 onwards,'' Aviation Minister Jyotiraditya Scindia said, adding that ''with this step, I am confident the...
India to become fastest-growing green economy of the world, says Piyush Goyal
Union Minister for Commerce and Industry Piyush Goyal stated, "As a leading agri-producer, we are taking significant efforts to promote biofuels. Now, food grains waste and sugarcane are converted into ethanol in a big way, with the ethanol blending programme making...
We see clear advantages in central bank driven digital currency: Nirmala Sitharaman
''We see clear advantages in a central bank driven digital currency, because in this day and age, bulk payments happening between- countries, large transactions between institutions and large transactions between central banks themselves of each country- are all...
Biden to order studies on regulating, issuing cryptocurrency
U.S. President Joe Biden U.S. Treasury Secretary Janet Yellen last year warned about an "explosion of risk" from digital markets, including the misuse of cryptocurrencies, but said new financial technologies could also help fight crime and reduce inequality...
U.S. Supreme Court spurns Google bid to avoid shareholder lawsuit
The lawsuit, led by the state of Rhode Island, was filed after the Wall Street Journal published an article in October 2018 that said Google concealed the exposure of private data for nearly 500,000 users of Google+ – a social network owned by Google – because it...
Japan’s top court orders damages for victims of Fukushima nuclear plant in landmark decision
Public broadcaster NHK said the average payout of about 380,000 yen ($3,290) for each plaintiff covered three class-action lawsuits, among more than 30 against the utility, which are the first to be finalized A massive tsunami unleashed by an earthquake of magnitude...
AIA buys BEA’s travel and general insurance services unit Blue Cross
BEA agreed to sell its medical, travel and general insurance services unit Blue Cross (Asia-Pacific) Insurance and all of its 80% interest in healthcare services unit Blue Care JV (BVI) Holdings to AIA to generate value for shareholders. Asia-focused AIA’s largest...