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U.S. slaps $5 billion fine against Facebook, other privacy settlement terms

by AIP Online Bureau | Jul 24, 2019 | International News, Non-Life, Risk Management, Technology

  Facebook Inc. will pay a record-breaking $5 billion fine to resolve a government probe into its privacy practices and the social media giant will restructure its approach to privacy, the U.S. Federal Trade Commission said on Wednesday.   The FTC voted 3-2...

Google to pay $11 million to settle age bias employment claims

by AIP Online Bureau | Jul 22, 2019 | Eco/Invest/Demography, International News, Technology

Google agreed to pay $11 million to end a lawsuit accusing the internet giant of discriminating against older job applicants, a deal that amounts to an average payout of more than $35,000 for 227 people who joined the class action.   The settlement also calls for...

Equifax’s $700 million data breach settlement includes $300 million for consumers

by AIP Online Bureau | Jul 22, 2019 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology

Credit-reporting company Equifax Inc. will pay up to $700 million to settle U.S. federal and state probes into a massive 2017 data breach of personal information, authorities said on Monday.   The largest-ever settlement for a data breach draws to a close...

Inter-ministerial group suggests banning of private cryptocurrencies in India

by AIP Online Bureau | Jul 22, 2019 | Eco/Invest/Demography, Indian News, Regulation, Risk Management

New Delhi: An inter- ministerial committee has suggested banning of private cryptocurrencies, like bitcoin, and criminalising any activities related to virtual currencies.    It, however, pitched for introduction of an official digital currency with a status...

United States swelteres in dangerously hot weather  

by AIP Online Bureau | Jul 22, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

Washington:  The United States sweltered in dangerously hot weather on Sunday, with major cities including New York, Philadelphia and Washington broiling in temperatures that rose into triple digits.   An oppressive heat wave stretching from the Midwestern...

Modi govt 2.0 sets sights on making India USD 5 trillion economy

by AIP Online Bureau | Jul 21, 2019 | Eco/Invest/Demography, Indian News

  New Delhi: The Modi government has underlined its priorities in the first 50 days of its second term, setting sights on making India a USD 5 trillion economy and hitting the ground running on spurring growth.    Two persons in the know of the...

Is Fitbit next best wearable player after Apple in India? 

by AIP Online Bureau | Jul 21, 2019 | Health, Indian News, Technology

New Delhi: The pricey Apple Watch may have led the global smartwatch shipments in the first quarter of 2019, but it is the San Francisco-headquartered activity trackers and wearables maker Fitbit which has emerged as the next best player after Apple, industry experts...

FPIs go on selling spree post super-rich tax, withdraw Rs 7,712 cr in July

by AIP Online Bureau | Jul 21, 2019 | Eco/Invest/Demography, Indian News

New Delhi: Foreign portfolio investors pulled out around Rs 7,712 crore from Indian equities in this month so far following the 'super-rich' tax announced in the budget for 2019-20, according to analysts.   FPIs had been net investors in the equity...

Odisha received 26.3% deficit rainfall till July 19

by AIP Online Bureau | Jul 21, 2019 | Eco/Invest/Demography, Indian News, Non-Life

Bhubaneswar: Odisha has received 26.3 per cent deficit rainfall during this monsoon as 21 of the state's 30 districts recorded less than the normal precipitation till July 19, state Revenue and Disaster Management Minister Sudam Marandi told the Assembly Saturday....

Africa’s working-age population likely to top Asian labour force by 2100

by AIP Online Bureau | Jul 21, 2019 | Articles, Eco/Invest/Demography

Africa’s potential workforce will likely be larger than that of Asia by the end of the 21st century as both continents wrestle with different demographic and economic challenges.   The number of 15-to-64-year-old Africans today is a quarter of the size of...
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