Insurers say that companies outside of the United States could be facing potentially millions of dollars of losses because there has been relatively little take-up of cyber insurance as they may not have cover for a recent computer-system attack. Stopping car factories, hospitals, shops and schools, amid fears it could wreck fresh havoc on Monday…
Not to use foreign exchange to gain competitive advantage, but sticking to their cautious wording on trade is the strategy of the financial leaders of seven leading world economies against cyber crime who pledged stronger cooperation against cyber crime. In order to discuss the world economy, combating terrorist funding, cyber security and taxes, finance ministers…
According to claimed that have been made by consumers who are trying to beef up a settlement with the bank over abusive sales practices, Wells Fargo & Co. may have opened as many as 3.5 million fraudulent accounts in the last 15 years. There were claims that since 2011, employee at the bank may have…
Using its own game – low prices, the world’s biggest retailer is being attempted to be beaten by German grocery chain Aldi Inc. According to Chief Executive Jason Hart, Aldi’s internal studies show its prices are 21 percent lower than its lowest-priced rivals, including Wal-Mart Stores Inc. Aldi has 1,600 U.S. stores. A massive expansion…
Provided that politicians don’t erect walls to shut out the U.K., London’s financial sector is inventive enough to find a way around Brexit and remain integral to the European Union’s economy, said Barclays Plc Chief Executive Officer Jes Staley. “So long as those barriers are not put up, there will be workarounds around Brexit so…
A better picture of U.S. President Donald Trump’s direction on key policies that he has yet to spell out is hoped to be obtained by Europe, Japan and Canada in a G7 meeting in Italy this week. Inequality, international tax rules, cyber security and blocking the funding of terrorism would be the focus of the…
Attention is increasingly turning to the region’s shaky civil liberties plight at the Association of Southeast Asian Nations (ASEAN) even though economic integration has long been the focus of this group. A group of experts shared their dreams for the bloc and human rights emerged as a common denominator at a World Economic Forum (WEF) discussion…
A surge in automated customer service programs as companies move to embrace artificial intelligence (AI) is anticipated by a new research which could end up by chatbots helping in trimming of business costs by more than $8 billion per year by the year 2022. The market research study which was published Tuesday from analysis firm…
While capping sales of conventional cars, signaling a dramatic shift in policy in one of the world’s fastest growing auto markets, lowering taxes and interest rates for loans on electric vehicles, have been recommended by India’s most influential government think-tank, reports the news agency Reuters. Using tax revenues from the sale of petrol and diesel…
As it redirects its attention to battery-powered vehicles and emerges from the 2015 diesel emissions scandal the Volkswagen car brand said it is confident it will “leapfrog” the competition and become a leader in electric cars by 2025. It would target 1m electric car sales by 2025, said the VW brand, by far the biggest company in…
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