loc: Citizen can’t be detained, prevented from leaving country under LOC unless facing probe, trial:HC

The Delhi High Court Monday said a citizen cannot be detained, arrested, or prevented from leaving the country under Look Out Circular (LOC) unless suspected to be involved in the commission or facing investigation or trial for cognizable offences under the law. It said an originating agency can only seek intimation of arrival and/or departure … Read more

7 regulation and compliance issues facing the mortgage industry

From a debate on credit scoring models to a CFPB warning to servicers about their handling of Homeowner Assistance funds, there’s no shortage of developments at the federal level that stand to impact every day dealings in the mortgage business across the country. For more on these stories and other regulation and compliance issues, scroll … Read more

Like Bonnaroo Fest in Tenn, Outdoor Venues Facing Challenges with Climate Change

New You can now listen to Insurance Journal articles! Since its debut on a rural Tennessee farm two decades ago, the Bonnaroo Music and Arts Festival strived to be one of the country’s greenest music festivals, investing in recycling, composting, solar energy and other improvements. But last August Tennessee received the highest 24-hour rainfall ever … Read more

Even business leaders are facing wellbeing concerns

“It’s time for the C-suite to become more health-savvy by embracing the expanding focus on wellbeing in their role. This critical shift will not only benefit their own wellbeing and the wellbeing of their people, but also the long-term success of their organizations,” said Jen Fisher, Deloitte’s US chief wellbeing officer. These leader sentiments toward … Read more

Turkish Insurers Facing Severe Strain, Fitch Ratings Warns

Turkish insurers are facing one of their most challenging operating environments of the past decade, with earnings and capital adequacy likely to come under severe strain in 2022-2023, Fitch Ratings says in a new report. According to Fitch analysts, the effects of macroeconomic deterioration, soaring inflation and the continuing price cap on motor third-party liability … Read more

India facing twin deficit problem due to commodity prices, subsidy: FinMin

The finance ministry on Monday cautioned re-emergence of the twin deficit problem in the economy, with higher commodity prices and rising subsidy burden leading to increase in both fiscal deficit as well as current account deficit. This is also for the first time the government has explicitly talked about the possibility … Read more

Shoppers Are Facing Shortages of Beer to Popcorn This Summer

Breadcrumb Trail Links PMN Business A shortage of popular food items from popcorn to sriracha is hitting restaurants and grocery shelves this summer, a sign that the world’s immense supply chains are still under pressure. Author of the article: Bloomberg News Sing Yee Ong A round of beers at the Victuals Market in Munich, Germany, … Read more

Revlon Inc: Revlon files for bankruptcy facing high debt, supply chain pain

Revlon Inc. filed for Chapter 11 bankruptcy, unable to manage its heavy debt load amid the supply chain crunch and steep inflation. The cosmetics giant owned by billionaire Ron Perelman sought court protection in the Southern District of New York, and listed both assets and liabilities of as much as $10 billion, according to court … Read more

UK Covid loans went to businesses not facing distress, says report

The UK taxpayer took on the risk of lending to many businesses that may not have needed financial support to survive the Covid crisis, according to an official evaluation of government-backed pandemic loans schemes. Between 38 and 45 per cent of businesses surveyed in the report commissioned by the British Business Bank, which administered some … Read more

Facing record inflation, Biden scores Exxon, oil companies for profits By Reuters

© Reuters. FILE PHOTO: U.S. President Joe Biden speaks during the opening plenary session at the Ninth Summit of the Americas in Los Angeles, California, U.S., June 9, 2022. REUTERS/Daniel Becerril By Trevor Hunnicutt and Jarrett Renshaw LOS ANGELES (Reuters) -U.S. President Joe Biden on Friday accused the U.S. oil industry, and Exxon Mobil Corp … Read more