Cancer concerns spark EU probe into heartburn pills

Cancer concerns spark EU probe into heartburn pills

Cancer concerns spark EU probe into heartburn pills

The European Medicines Agency (EMA) will conduct a review into heartburn medicine ranitidine, after tests revealed traces of carcinogenic substances that can cause cancer. The review follows a request from the European Commission. The EMA said it will review data from ranitidine tests on animals that detected an impurity known as N-nitrosodimethylamine (NDMA). NDMA is a probable human carcinogen that…

South African business face risks from power price hike

South African business face risks from power price hike

South African business face risks from power price hike

South African businesses are being put at risk by a hike in prices from one of the country’s electricity suppliers. The National Energy Regulator (Nersa) recently announced a large price hike in South African electricity tariffs for the next three years. Nersa’s multi-year price determination currently sits at 9.41% for 2019, 8.10% for 2020 and 5.2% for 2021. The increases…

Brexit and ‘low-for-long’ interest rates trouble Europe’s financial services and supervisors

Brexit and ‘low-for-long’ interest rates trouble Europe’s financial services and supervisors

Brexit and ‘low-for-long’ interest rates trouble Europe’s financial services and supervisors

Financial services firms are at risk of “Brexit fatigue” but must be prepared for the UK to leave the European Union without a deal on 31 October and have activate contingency plans in place before then, says a new report on current risks in the EU financial system by the Joint Committee of European Supervisory Authorities. It also warns of…

French firm liable for employee’s death after sex on business trip

French firm liable for employee’s death after sex on business trip

French firm liable for employee’s death after sex on business trip

A French railway services firm has been held liable for the death of an employee in unusual circumstances while on a business trip. The case went to court after it emerged the employee had a cardiac arrest on a work trip to central France after engaging in sexual activity with a stranger at her home. The Paris court ruled the…

Artificial intelligence offers big improvement in supply chain risk management

Artificial intelligence offers big improvement in supply chain risk management

Artificial intelligence offers big improvement in supply chain risk management

Earlier this year, Zurich Insurance announced that it had entered a strategic agreement with riskmethods GmbH, a Munich-based company that uses artificial intelligence and big data to identify and manage supply chain risk worldwide. This provides Zurich’s commercial customers with an exciting new tool to help manage a complex and rapidly rising corporate risk. The new service has initially been…

Risk managers must keep close eye on Xinjiang forced labour supply chain risk

Risk managers must keep close eye on Xinjiang forced labour supply chain risk

Risk managers must keep close eye on Xinjiang forced labour supply chain risk

Supply chain risks are on the rise for international brands sourced from China, because of the reported expanding use of forced labour in Uyghur detention camps in the Xinjiang Uyghur Autonomous Region on the country’s northwest border. There have been repeated reports that the Chinese administration has detained more than a million muslim Uyghurs and other ethnic minorities in camps…

APAC nations show increasing resilience as global picture worsens: Swiss Re

APAC nations show increasing resilience as global picture worsens: Swiss Re

APAC nations show increasing resilience as global picture worsens: Swiss Re

The world economy is less resilient than it was at the time of the credit crisis and the protection gap has reached a global record high of $1.2trn, according to the latest research from Swiss Re. But there is relatively good news for the Asia-Pacific region. The Swiss reinsurance giant concludes that, in relative terms, the composite insurance resilience index…

Parima teams up with WTW to focus on business risk profile

Parima teams up with WTW to focus on business risk profile

Parima teams up with WTW to focus on business risk profile

Parima will hold its latest Risk Lab seminar with Willis Towers Watson (WTW) on 16 September, at the broker’s offices in Singapore. The latest seminar is designed to help risk managers assess and “future-proof” their company’s business risk profile. The half-day event will be opened by Rob De Jonge, head of international, risk and analytics at WTW. He will be followed…

RIMS paper says risk managers and IT must boost collaboration

RIMS paper says risk managers and IT must boost collaboration

RIMS paper says risk managers and IT must boost collaboration

A new whitepaper from RIMS says risk managers and IT professionals still struggle to communicate on digital risks. It lays out ways for the two functions to better collaborate and speak the same language to close the protection gap. The Bridging the Digital Risk Gap paper by RIMS and ISACA, an international association focused on IT governance, says risk management and…

UK discrimination and pay gap laws should include class, says trade body

UK discrimination and pay gap laws should include class, says trade body

UK discrimination and pay gap laws should include class, says trade body

UK trade union body the TUC is calling for new laws to end class discrimination in the workplace and force companies to report on class pay gaps. It said class prejudice should be treated under the same discrimination laws as race, sex and disability, calling on the government to take action. At the same time, the TUC said businesses should…

1 2 3 373