Risk Management

India's Dr Reddy's isolates data center services after cyberattack

Indian News       Oct 22, 2020

BENGALURU:  Indian drugmaker Dr Reddy's Laboratories Ltd REDY.NS said on Thursday it had isolated all its data center services as a preventive measure following a cyberattack.Shares of the company, which has a partnership to run clinical trials of Russia’s Sputnik-V COVID-19 vaccine in India, fell...

Lloyd’s Approves Syndicate-in-a-Box, Picnic Syndicate 2460, to cover Mutuals

International News       Oct 22, 2020

  London: The Council of Lloyd’s granted in-principle approval for the launch of Picnic Syndicate PIC 2460, a syndicate-in-a-box (SIAB), said Asta, the third-party managing agent at Lloyd’s. Picnic will commence underwriting on Jan. 1, 2021 and would initially provide re/insurance support to the innovative mutuals...

Cruise, GM to seek U.S. okay for self-driving vehicle without pedal, steering wheel

Indian News       Oct 22, 2020

  Self-driving car maker Cruise said on Wednesday it and majority shareholder General Motors Co GM.N would seek U.S. regulatory approval in coming months to deploy a limited number of Cruise Origin vehicles without steering wheels or pedals. At the same time, it will withdraw an...

AstraZeneca COVID-19 vaccine trial volunteer has died, Brazil health authority says

International News       Oct 21, 2020

SAO PAULO: Brazilian health authority Anvisa said on Wednesday that a volunteer in a clinical trial of the COVID-19 vaccine developed by AstraZeneca and Oxford University has died, stating it had received data from an investigation into the matter. The regulator said testing of the...

Less carbon, more electric vehicles: automakers prepare for potential Biden win

International News       Oct 21, 2020

  WASHINGTON/NEW YORK: Automakers are gearing up for tough new vehicle emissions rules and policies favoring electric vehicles if Democratic presidential candidate Joe Biden wins the White House.Biden and U.S. President Donald Trump both need the votes of auto workers in Midwestern swing states such as...

Japan will take steps to guard against Olympics cyberattacks

International News       Oct 21, 2020

  Tokyo: Japan said on Tuesday it would take countermeasures to ensure next year’s Tokyo Olympics are not derailed by cyber attacks after Britain and the United States accused Russia of orchestrating efforts to disrupt the Games. Olympics organizers reported no significant impact on their operations...

Prime Minister Narendra Modi

Lockdown has ended, but virus still there; All must be cautious during festivities: PM

Indian News       Oct 20, 2020

New Delhi: Prime Minister Narendra Modi on Tuesday said the government was working rapidly to ensure the supply of COVID-19 vaccines to all citizens once they are available. “Whenever the corona vaccine comes, how it reaches to every Indian as soon as possible, the government...

London must ‘seize the moment’ to maintain global leadership amid COVID-19 pandemic:Report

International News       Oct 20, 2020

  London: London must reinvent itself in order to emerge stronger following the COVID-19 pandemic and maintain its position as a world-leading business hub, according to a new report published today by the City of London Corporation. ``London Recharged: Our vision for London in 2025'', produced...

Battery fires put BMW and Ford on back foot just as electric vehicles take off

International News       Oct 20, 2020

  First, Hyundai Motor Co. made headlines about its electric cars catching fire. Five days later, it was General Motors Co. and Ford Motor Co. The next day, it was BMW AG. Vehicles going up in flames aren’t new to the electric era. An estimated 171,500...

U.S. says Google breakup may be needed to end violations of antitrust law

International News       Oct 20, 2020

WASHINGTON: The U.S. sued Google on Tuesday, accusing the $1 trillion company of illegally using its market muscle to hobble rivals in the biggest challenge to the power and influence of Big Tech in decades.The Justice Department lawsuit could lead to the break-up of an...

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