Technology

Tesla's release of new 'self-driving' software closely watched by U.S. regulato

Facts       Oct 22, 2020

r The U.S. auto safety regulator on Thursday said it was closely watching Tesla Inc's TSLA.O release of a software version intended to allow its cars to drive themselves, saying it stood ready to protect the public against safety risks.Tesla on Tuesday night released a...

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...

China’s Ant Group gets nod for the world's largest IPO of $35 billion

International News       Oct 22, 2020

  China’s Ant Group has won the final nod from the country’s top securities watchdog for the registration of its Shanghai offering, the regulator said on Wednesday, clearing the last regulatory hurdle for its $35 billion dual-listing. Ant, the fintech company backed by Chinese e-commerce group...

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...

FTLife and Munich Re announce collaboration on digital underwriting

International News       Oct 22, 2020

  Hong Kong: FTLife Insurance Company Limited and Munich Re Automation Solutions, a leading provider of digital new business, underwriting and analytics solutions to the insurance industry, today announced a new collaboration focusing on the provision of a cloud-based digital underwriting solution. The new collaboration will...

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...

Doris Höpke,member of the Board of Management responsible for Europe and Latin America 

Further rate hardening expected,cyber insurance market to surpass $ 7bn in 2020:Munich Re

International News       Oct 21, 2020

  Munich:  Following years of eroding rates caused by excess capacities and low major-loss expenditure, particularly in European markets, low interest rates – likely to remain even lower for even longer due to the coronavirus pandemic – are impacting the profitability of reinsurers.Insurance covers are therefore...

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...

Pandemic speeds labour shift from humans to robots, WEF survey finds

Facts       Oct 21, 2020

ZURICH: Robots will destroy 85 million jobs at mid-sized to large businesses over the next five years as the COVID-19 pandemic accelerates changes in the workplace likely to exaggerate inequalities, a World Economic Forum (WEF) study has found. Surveys of nearly 300 global companies found...

Microsoft, Elon Musk's SpaceX tie up to woo space customers

International News       Oct 20, 2020

Microsoft Corp is partnering with billionaire entrepreneur Elon Musk-led SpaceX and others as it targets space customers, the software giant said on Tuesday. The partnership with SpaceX Starlink will provide high-speed satellite broadband for Microsoft's cloud computing data centers, the company said here in a...

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