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Indian
Delhi HC again adjourns `Singh-BBB’ case to May 19
Inderjeet Singh, general manger, New India Assurance(NIA), has gone...
DGCA starts multidisciplinary probe on SpiceJet Flight turbulence
A total of 15 people, 12 passengers and three cabin crew members,...
LIC’s Rs 21k IPO sees strong demand from anchor investors
Norwegian wealth fund Norges Bank Investment Management and...
India’s Covid positivity rate past 1% again after 2 months
The number of active cases rose by 408 in a 24-hour span to reach...
International
Privacy activist files complaints against Apple’s tracking tool
Canadian banks, insurers to take part in climate project, central bank says
China’s appetite for luxury cars is now a boon for eastern European nations
Automotive investment has helped transform the former Eastern Bloc. Lured by a cheap but skilled workforce and proximity to major European markets, large producers that also include Hyundai Motor Co. and Kia Motors Corp. have built state-of-the-art assembly lines across the region, which is also home to a web of component makers.
Insurers are trying to escape COVID-19 liability, watchdog tells UK Supreme Cour
A lawyer for the Financial Conduct Authority (FCA), which brought a test case against insurers on behalf of policyholders, said insurers had reached an “extraordinary conclusion” that business losses were largely uncovered during the coronavirus pandemic because of the widespread havoc it has caused.
“(Insurers) are saying: ‘We insure perils but not ones that are going to cost us a huge amount of money. We never contemplated that’. Well, that isn’t an answer,” Colin Edelman, the FCA’s lawyer, told the second day of a four-day appeal, watched by thousands of businesses brought to their knees during the pandemic.
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