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France’s AFP sues Musk’s X social media, cites refusal to discuss payment for news

by AIP Online Bureau | Aug 3, 2023 | International News, Technology

France in 2019 enacted a copyright rule dubbed “neighboring rights” that compels large online platforms to open talks with publishers seeking remuneration for news.“Agence France-Presse has expressed its concerns over the clear refusal from Twitter (recently rebranded...

Beijing records heaviest rainfall in at least 140 years, causing severe flooding and 21 deaths

by AIP Online Bureau | Aug 3, 2023 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life

The severity of the flooding took the Chinese capital by surprise. Beijing usually has dry summers but had a stretch of record-breaking heat this year China`s capital has recorded its heaviest rainfall in at least 140 years over the past few days. The city recorded...

Insurance ‘AAA’s unaffected by U.S. downgrade, financial conditions key risk: Fitch

by AIP Online Bureau | Aug 3, 2023 | Eco/Invest/Demography, International News, Life

Ratings for these U.S. insurers and the broader sector could face pressure if U.S. fiscal and governance deterioration contributes to a negative scenario of heightened capital market volatility and/or a more severe economic downturn The ‘AAA’ Insurer...

Data protection bill tabled in Parliament, will compel cos to review their current working ways

by AIP Online Bureau | Aug 3, 2023 | Breaking News!, Eco/Invest/Demography, Indian News, Non-Life, Risk Management, Technology

Enterprises will have to review the current ways of working, especially for personal data of employees, customers, merchants and vendors to honour their right to access, update and erase their personal data Non-adherence of obligation listed in the bill may attract...

India can become a USD 6.7 trillion economy by 2031:S&P

by AIP Online Bureau | Aug 3, 2023 | Eco/Invest/Demography, Indian News, Policy

The report also said that India will likely see gains from reforms such as Goods and Services Tax. Further, the implementation of the Insolvency and Bankruptcy Code would also help to drive a healthy credit culture It said that even with India recalibrating toward...

Maharashtra: Man loses Rs 2.24 crore to insurance fraud

by AIP Online Bureau | Aug 3, 2023 | Indian News, Life

In his complaint to the police, the resident of Kamothe, near Mumbai, said he lost the money over three years, the official said. The man, whose occupation was recorded as “service” by the police, allegedly received a call before August 2020 from a person...

1 in 5 companies in Vietnam are prepared against major risks: WTW survey

by AIP Online Bureau | Aug 3, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

“What our study has shown is an urgent need to bridge the protection gap in risk impact and its financial implications, and consequentially, to enhance risk preparedness across organisations. This is especially important for a market like Vietnam, one of the most...

Container vessel runs aground in Hooghly river safely refloated later

by AIP Online Bureau | Aug 3, 2023 | International News, Non-Life

The incident, which took place at around 11.30 am, had caused concerns as the vessel was carrying 338 containers from Port Kelang in Malaysia, bound for Netaji Subhash Dock under Kolkata Dock System Kolkata: The 140-metre-long container vessel, MTT Singapore, which...

Pharma cos with over Rs 250 cr turnover have to adopt good manufacturing practices within 6 months: Mandaviya

by AIP Online Bureau | Aug 3, 2023 | Health, Indian News, Non-Life, Regulation, Risk Management

Recently, drug regulators inspected 162 units and 14 public testing labs and major issues found during inspections are poor documentation, lack of process and analytical validations, absence of quality failure investigation, absence of internal product quality review...

Centre extends PM crop insurance scheme registration deadline, August 10 last date in UP: Official

by AIP Online Bureau | Aug 3, 2023 | Banking & Bancassurance, Breaking News!, Eco/Invest/Demography, Indian News, Non-Life, Policy

So far, more than 3 crore farmers across the country have registered for the PMFBY for 2023 Kharif season, according to the data New Delhi: The Centre has extended the deadline for registration under Pradhan Mantri Fasal Bima Yojana (PMFBY), with the last date for...
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