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Indian
“Yet to decide on mandatory disclosure of commissions on the policy documents” says IRDAI
``It has come to the notice of the Authority that concerns are...
IndiGo: Vadodara-bound flight diverted to Jaipur after vibrations in engine
The spokesperson added, "There was a caution message indicated to...
Don’t sell Ayurveda drugs without valid prescription: Govt to e-commerce platforms
E-commerce platforms have been advised that the sale or...
Godavari turns ferocious, record flood expected in next 3 days
`As per the information available right now, the flood flow may...
International
European hunt for assets for Chinese assets in insurance, healthcare and automobile sector
“These are the major growth areas with massive amounts of investments. EU companies are pretty keen to get a piece of the action,” said Alan Wang, Partner at law firm Freshfields Bruckhaus Deringer.
“The EU-China Comprehensive Agreement on Investment (CAI) will certainly facilitate the FDI, including M&A, by EU investors into China,” said Cherrie Shi, a senior counsel at law firm FenXun Partners, Baker McKenzie’s Joint Operation partner.
Total M&A value of EU companies into China amounted to $71 billion for the past three decades, much lower than the $117 billion recorded over the same period from American companies, data from Refinitiv showed.
Blast at Chinese recycler shows battery supply-chain risks
The explosion is likely to renew scrutiny of safety risks in battery use and recycling, a still developing industry in which metals are recovered for reuse from spent packs. Lithium-ion batteries — used in toothbrushes to electric cars and as energy storage for utilities — are a key tool in curbing global emissions, but have occasionally caused fires that are difficult to douse.
EU may ask too high a price for financial services trade, BoE warns
Bank of England Governor Andrew Bailey said on Wednesday.European daily share trading worth 6 billion euros ($7.36 billion) left the City of London for the continent this week in the first tangible sign of Brexit’s impact on Britain’s 130 billion-pound ($176 billion) finance industry.
The EU has asked Britain about its intentions to diverge from the bloc’s rules, which could make it harder for Brussels to grant equivalence-based direct access for the City of London.
Boeing to pay $2.5 billion to settle U.S. criminal probe into 737 MAX crashes
The crashes “exposed fraudulent and deceptive conduct by employees of one of the world’s leading commercial airplane manufacturers,” acting Assistant Attorney General David Burns said in a statement accompanying the agreement.
“Boeing’s employees chose the path of profit over candor by concealing material information from the FAA concerning the operation of its 737 MAX airplane and engaging in an effort to cover up their deception,” Burns said, referring to the Federal Aviation Administration.
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