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India maintains 43rd rank on IMD’s World Competitiveness Index; Switzerland tops chart

by AIP Online Bureau | Jun 17, 2021 | Eco/Invest/Demography, Facts

  India maintained 43rd rank on an annual World Competitiveness Index compiled by the Institute for Management Development (IMD) that examined the impact of COVID-19 on economies around the world this year. The 64-nation list was led by Switzerland, while Sweden...

MHA operationalises national helpline, reporting platform for preventing cyber fraud

by AIP Online Bureau | Jun 17, 2021 | Eco/Invest/Demography, Indian News, Risk Management, Technology

New Delhi: The Union Home Ministry has operationalised the national helpline 155260 and reporting platform for preventing financial loss due to cyber fraud. The national helpline and reporting platform provide a mechanism for persons cheated in cyber frauds to report...

21.15 lakh domestic air passengers in May, 63 pc lower than April: DGCA

by AIP Online Bureau | Jun 17, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi: Around 21.15 lakh domestic passengers travelled by air in May, which is 63 per cent lower than the 57.25 lakh who travelled in April, the country's aviation regulator said on Thursday. According to the Directorate General of Civil Aviation...

COVID-19 cases surge in Africa, less than 0.8% of fully vaccinated, say officials

by AIP Online Bureau | Jun 17, 2021 | Eco/Invest/Demography, Health, International News, Life, Non-Life, Pandemic

  Nairobi:  COVID-19 cases rose by over 20% week-on-week in nearly two dozen African countries and progress on vaccinating Africans is proceeding slowly, with just 0.79% of people on the continent fully vaccinated, senior health officials said on Thursday....

US, China trade war costs global value chains 3-5 years of growth, says UN

by AIP Online Bureau | Jun 17, 2021 | Eco/Invest/Demography, International News

Trade shocks fueled by unilateral tariffs between the U.S. and China have undone three to five years worth of growth among global value chains in affected countries, according to a UN Policy Brief. The report from the United Nations Development Programme looking at...

Cathay Pacific working with Airbus on single-pilot system for long-haul

by AIP Online Bureau | Jun 17, 2021 | International News, Non-Life, Risk Management, Technology

PARIS: Cathay Pacific is working with Airbus to introduce "reduced crew" long-haul flights with a sole pilot in the cockpit much of the time, industry sources told Reuters. The programme, known within Airbus as Project Connect, aims to certify its A350 jet...

Bank, airline websites go dark briefly in international internet outage

by AIP Online Bureau | Jun 17, 2021 | Eco/Invest/Demography, International News, Risk Management, Technology

A plethora of websites operated by financial institutions, governments and airlines including Hong Kong Exchanges & Clearing Ltd. and Australia’s central bank went down briefly Thursday in what appeared to be a widespread internet outage. Website tracker...

Govt extends validity of motor vehicle documents till Sept 30 due to Covid

by AIP Online Bureau | Jun 17, 2021 | Indian News, Non-Life

New Delhi: The government on Thursday extended the validity of motor vehicle documents like driving licence (DL), registration certificate (RC) and permits till September 30, 2021, in view of the ongoing COVID-19 pandemic. The Ministry of Road Transport and Highways...

Philippines insurance commissioner Dennis B. Funa reelected as the chairperson of Asian Reinsurance Corp

by AIP Online Bureau | Jun 17, 2021 | International News, Non-Life, Reinsurance

  Bangkok: Philippines insurance commissioner (IC) Dennis B. Funa has been reelected as the chairperson of Asian Reinsurance Corp. (Asian Re) and will hold the position for two more years. Funa's previous term ended on June 10 “I am deeply honored to...

Global life insurance outlook revised to stable amid brightening growth prospects:Moody’s

by AIP Online Bureau | Jun 17, 2021 | Eco/Invest/Demography, Health, International News, Life, Pandemic

  New York: With receding Covid-19 Pandemic globally,the international rating agency Moody's has revised the outlook for the global life insurance sector to stable from negative, reflecting the expectation for near-term growth prospects and a more...
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