International News

IBM calls for rules to curb bias in Artificial Intelligence

  The Armonk, New York-based company issued policy proposals Tuesday ahead of a Wednesday panel on AI to be led by Chief Executive Officer Ginni Rometty on the sidelines of the World Economic Forum in Davos. The initiative is designed to find a consensus on rules...

Ransomware exposure driving up cyber insurance costs

Non-Life, Risk Management, Technology       Jan 22, 2020

  U.S. insurers are ramping up cyber-insurance rates by as much as 25% and trying to curb exposure to vulnerable customers after a surge of costly claims, industry sources said.   The changes follow a challenging year of hackers using malicious programs, known as ransomware, to take...

Repeat of 2003 SARS crisis? China virus outbreak rattles financial markets

Disaster & Management, Eco/Invest/Demography       Jan 22, 2020

  Bangkok: News that a new virus that has afflicted hundreds of people in central China can spread between humans has rattled financial markets and raised concern it might wallop the economy just as it might be regaining momentum.   Health authorities across Asia have been stepping...

Financial Services CEOs in Davos complain they can’t save planet without clients’ help

As the financial industry comes under pressure to avoid funding dirty energy, the heads of Citigroup Inc. and Zurich Insurance Group AG said they need their clients to do more work too.   “I say to our clients, ‘I don’t want to be the sharp end...

China’s mysterious respiratory virus spreads to health workers, different countries

China’s mysterious respiratory virus has caused six deaths and infected a number of medical workers, a sign the outbreak has entered a new phase with the illness spreading from person to person.   Health-care workers contracting the new illness indicates that it is more easily transmitted...

Coronavirus: New disease spreading in Asia revives SARS fears

  Paris: A mysterious SARS-like virus has spread around China with more than 200 diagnosed cases in the cities of Wuhan, Beijing and Shenzhen, plus two people infected in Thailand and another case confirmed in Japan. Here are a few key points about coronavirus. What is...

Wealth of India's richest 1% more than 4 times that of 70% poorest: Oxfam

Eco/Invest/Demography, Policy       Jan 20, 2020

Davos: India's richest 1 per cent hold more than four-times the wealth held by 953 million people who make up for the bottom 70 per cent of the country's population, while the total wealth of all Indian billionaires is more than the full-year budget, a...

Boeing 737 MAX: Company finds 'new minor' software glitch in grounded aircraft

  Boeing is working to fix a newly discovered problem with software powering up on the 737 Max, adding to the list of tasks the aircraft maker faces to get the grounded plane back in the air.   Boeing said Friday it has told the Federal Aviation...

China posts weakest growth in 29 years as trade war with US bites

Eco/Invest/Demography       Jan 17, 2020

  Beijing: China's economic growth slowed to its weakest in nearly 30 years in 2019 amid a bruising trade war with the United States and sputtering investment, and more stimulus steps are expected this year to help avert a sharper slowdown.   Fourth-quarter gross domestic product (GDP)...