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Indian
Indian states ready with plans to mitigate heatwave impact, official says
The National Disaster Management Authority (NDMA) has categorised...
LIC IPO’s retail portion fully subscribed on day 3; offer closes on Monday
Retail individual investors bid for 8.53 crore shares as against...
Global tech industry body seeks revision in India’s directive on reporting of cyber security breach
ITI has raised concerns over the mandatory reporting of breach...
Validity of models, methodology of data collection questionable: India on WHO COVID deaths report
In a report released on Thursday, the WHO estimated that nearly 15...
International
‘Too soon’ to let Boeing 737 MAX fly again, say families of Lion Air crash victims
General Motors follows Tesla,launches its own auto insurance
Nasdaq to buy financial fraud detection firm Verafin for $2.75 billion
“The problem of detecting money laundering and fraud hasn’t been solved very well yet,” Valerie Bannert-Thurner, senior vice president and head of sell-side and buy-side solutions, market technology at Nasdaq, said in an interview. “With our acquisition we are doubling down on our belief this as an area that is being disrupted and where we can have a big impact.”
Up to $2 trillion is laundered globally each year, representing up to 5% of global GDP, according to the United Nations.
Global economy recovering, but may be losing momentum, says IMF chief Kristalina Georgieva
While fiscal spending of nearly $12 trillion and monetary policies had averted even worse outcomes, poverty and inequality were increasing, and more support was needed, the IMF said.
New outbreaks and more stringent mobility restrictions, and delays in vaccine development and distribution could reduce growth, increase public debt and worsen economic scarring.
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