Category: Business

Insurers Face Surging Risk as AI Data Centres Strain Global Grids Insurers Face Surging Risk as AI Data Centres Strain Global Grids

Insurers Face Surging Risk as AI Data Centres Strain Global Grids

Rising artificial intelligence demands are set to almost triple global data centre electricity consumption by 2030, forcing the international insurance industry to fundamentally overhaul how it evaluates facilities exposed to overburdened power grids, severe climate hazards, and emerging operational threats. As technological giants race to expand high-performance computing capabilities, facilities are drawing unprecedented amounts of […]
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Canara HSBC Life Fast Tracks Assam Flood Claims Process Canara HSBC Life Fast-Tracks Assam Flood Claims Process

Canara HSBC Life Fast-Tracks Assam Flood Claims Process

GUWAHATI — Canara HSBC Life Insurance has introduced a streamlined, fast-track claims settlement procedure for policyholders impacted by the devastating monsoon floods across Assam. The initiative aims to deliver swift financial assistance to affected families by drastically cutting through administrative red tape, simplifying documentation requirements, and prioritizing the assessment and payout of all eligible claims. […]
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Reserve Theft Report Delayed for 97th Time Reserve Theft Report Delayed for 97th Time

Reserve Theft Report Delayed for 97th Time

The submission of the investigation report in the case concerning the theft of Bangladesh’s central bank reserves has been postponed for the 97th time, further prolonging one of the country’s most closely watched financial crime investigations. The report was scheduled to be submitted on Sunday, 9 August, before the court of Additional Chief Metropolitan Magistrate […]
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Cash Outside Banks Surges Past Tk380000 Crore Cash Outside Banks Surges Past Tk380,000 Crore

Cash Outside Banks Surges Past Tk380,000 Crore

Cash held outside Bangladesh’s banking system has risen to a record level of more than Tk380,000 crore, despite the rapid expansion of digital payment services and mobile financial transactions. The sharp increase is raising concerns among economists and banking professionals about public confidence in banks, inflationary pressures and the continued strength of the informal economy. […]
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Bangladesh Taka Rates Against Major Currencies on 8 August Bangladesh Taka Rates Against Major Currencies on 8 August

Bangladesh Taka Rates Against Major Currencies on 8 August

Foreign exchange rates remain closely watched in Bangladesh because of their direct relevance to remittances, international trade, overseas travel and cross-border financial transactions. With more than 10 million Bangladeshis living and working abroad, movements in major currencies can affect the value of money sent home by expatriate workers and the cost of foreign-currency payments. Businesses […]
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