Category

EU calls British financial market proposals 'unacceptable'

International News       Jun 30, 2020

  LONDON: British proposals to give the City of London access to the European Union are “unacceptable” because they seek to maintain the benefits of the single market without the obligations, the bloc’s chief Brexit negotiator Michel Barnier said on Tuesday.   EU policymakers worry that the...

China study warns of possible new 'pandemic virus' from pigs

International News       Jun 30, 2020

  A new flu virus found in Chinese pigs has become more infectious to humans and needs to be watched closely in case it becomes a potential "pandemic virus," a study said, although experts said there is no imminent threat.   A team of Chinese researchers looked...

Car crashes deadlier as drivers speed during lockdowns:Study

International News       Jun 30, 2020

LONDON: Coronavirus lockdowns led to huge reductions in traffic and fewer car crashes this spring, but as drivers sped up on quieter roads, the collisions became deadlier in several cities, a Reuters analysis shows.   In New York City, the ratio of fatal crashes to all...

Australia to spend nearly $1 billion to boost cyber security

International News       Jun 30, 2020

  SYDNEY: Australia will spend A$1.35 billion ($926.1 million) over the next 10 years to boost its cyber security defenses, Prime Minister Scott Morrison said on Tuesday, as Canberra seeks to combat a wave of attacks.   The announcement comes just weeks after Australia said a “sophisticated...

U.S.insurers’ private equity holdings rise 10% to $81.3 billion in 2019:AM Best

International News       Jun 30, 2020

  OLDWICK, N.J: U.S. insurance companies for a fourth-straight year increased their private equity holdings—by nearly 10% in 2019 to $81.3 billion—as this asset class remains attractive to insurers looking to diversify their investment portfolios or increase returns in the low interest rate environment, according to...

Environmental groups propose tailings dam safety standards

International News       Jun 30, 2020

  Mining companies should be required to buy private insurance for tailings dams and their board of directors should be held legally responsible for any disasters, a coalition of 140 environmental groups said in a report published on Tuesday.   The recommendations,which differ from standards to be...

Digital risks continue to be the most significant threats to business:FERMA Survey

Facts       Jun 30, 2020

  The Federation of European Risk Management Associations on Monday released the results of the 2020 European Risk Manager Report. This is the 10th edition of the report which represents the widest available information from professional risk managers across Europe. It has taken placed every other...

India bans 59 apps including TikTok,WeChat on security concerns

Indian News       Jun 29, 2020

  New Delhi: India on Monday banned 59 apps with Chinese links, including hugely popular TikTok and UC Browser, saying they were prejudicial to sovereignty, integrity and security of the country. The ban, which comes in the backdrop of current stand-off along the Line of Actual...

Floods in India's Assam force a million from their homes

Indian News       Jun 29, 2020

GUWAHATI: Heavy flooding triggered by monsoon rains has forced more than a million people to flee their homes in the northeast Indian state of Assam, authorities said on Monday, warning that the crisis was becoming more critical by the hour.   The Brahmaputra River, one of...

Brazil political risk looms large again over markets

International News       Jun 29, 2020

  BRASILIA:  Political risk is again emerging as a major source of market instability in Brazil, as a series of setbacks for President Jair Bolsonaro sucks the life out of a broad-based recovery that had appeared to be gathering momentum following March’s market crash.   Brazil’s status...