Technology

India panel proposes new regulator for non-personal data: draft report

Indian News       Jul 10, 2020

  NEW DELHI: India should set up a data regulator and require companies to disclose how they collect and store data devoid of personal details or which has been anonymised, a panel tasked to draw up such regulations has said in a draft report seen by...

Deutsche Bank and Google agree multi-year, strategic partnership

Facts       Jul 09, 2020

  FRANKFURT:  Deutsche Bank (DBKGn.DE) said on Tuesday it has agreed a strategic, multi-year partnership with Google (GOOGL.O) to give the German lender access to cloud services and drive innovation in technology-based financial products for clients. Earlier this year, Deutsche invited bids from Google, Microsoft, and...

Alby Van Wyk, Executive Vice President, APAC, Munich Re Automation Solutions

Munich Re’s digital solution to power Generali Indonesia for selling life insurance

International News       Jul 09, 2020

  Singapore: Munich Re Automation Solutions today announced that Generali Indonesia selected ALLFINANZ SPARK, one of Munich Re’s cloud-based new business, digital underwriting and analytics solution to streamline processes and explore valuable new opportunities delivering consistent risk management in the Indonesian market. The collaboration represents a...

Tesla 'very close' to level 5 autonomous driving technology, Musk says

Facts       Jul 09, 2020

SHANGHAI/BEIJING: U.S. electric vehicle maker Tesla Inc is “very close” to achieving level 5 autonomous driving technology, Chief Executive Elon Musk said on Thursday, referring to the capability to navigate roads without any driver input.Musk added that he was confident Tesla would attain basic functionality...

Beazley launches booking system for virtual broker meetings

Facts       Jul 08, 2020

London,  Specialist insurer Beazley has launched an online booking system to make it easier and quicker for brokers to arrange virtual appointments and share relevant documentation securely with underwriters. Built in collaboration with Microsoft and IT consultancy Redspire, Beazley Booking uses Microsoft’s low code platform...

India arrests South Korean CEO,11 others for gas leak at LG Polymers

Indian News       Jul 08, 2020

CHENNAI: Indian police have arrested 12 LG Polymers officials, including its South Korean Chief Executive Sunkey Jeong, an officer said on Wednesday, two months after a gas leak at the company’s south Indian chemical plant killed 12. Municipal workers decontaminate outside of the LG Polymers...

Cars, a cocktail and a celebrity: South Koreans succumb to Tesla fever

Facts       Jul 08, 2020

  SEOUL: From an eponymous cocktail to eager buyers following the shipping routes of long-awaited cars, Tesla Inc is having a moment in South Korea, particularly among tech-savvy professionals.Kang Sung-mo, who runs an advertising production agency in Seoul, is a convert. “I am not interested in...

Panel probing deadly south Indian gas leak finds LG Polymers negligent

Indian News       Jul 07, 2020

  CHENNAI/SEOUL:  A committee probing a gas leak at an LG Polymers-run plant in southern India that killed 12 has found the company was negligent and had no preventive mechanisms or warning systems, an Indian state government said on Monday.   Toxic styrene gas leaked from the...

TikTok quits Hong Kong as U.S. giants suspend processing data requests

Facts       Jul 07, 2020

  NEW YORK/HONG KONG: Chinese-owned social media platform TikTok announced on Tuesday it would pull out of Hong Kong within days, as global tech giants struggle to figure out how to operate in the city under sweeping new security rules imposed by Beijing.Major U.S. internet companies...

Govt may appoint ecommerce regulator; impose stricter rules on Google, Amazon: Report

Indian News       Jul 06, 2020

  New Delhi: The government may impose stricter conditions on foreign internet companies such as Amazon, Google and Facebook.   The draft ecommerce policy also proposes appointment of an ecommerce regulator to ensure fair competition in the industry, Bloomberg report has said.   The draft comes amid the...

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