International News

Ebola outbreak declared international emergency by WHO

Eco/Invest/Demography, Health       Jul 18, 2019

  Geneva: WHO Director-General Dr. Tedros Adhanom Ghebreyesus declared the Ebola virus disease (EVD) outbreak in the Democratic Republic of the Congo (DRC) a Public Health Emergency of International Concern (PHEIC).   “It is time for the world to take notice and redouble our efforts. We need...

Boeing Creates $50M Crash Victims’ Fund

Eco/Invest/Demography, Non-Life       Jul 19, 2019

Seattle: Boeing Co. said on Wednesday it will dedicate half of a $100 million fund it created after two crashes of its 737 MAX planes to provide payments to families of those killed, with veteran U.S. compensation expert Ken Feinberg hired by the world’s largest...

Financial world’s blockchain euphoria gives way to pragmatism as projects stall

Two years ago Nasdaq Inc. and Citigroup Inc. announced a new blockchain system they said would make payments of private securities transactions more efficient. Nasdaq Chief Executive Adena Friedman called it “a milestone in the global financial sector.”   But the companies did not move forward...

Shipping firms begin hiring unarmed guards for voyages in Middle East Gulf

Shipping companies are hiring unarmed security guards for voyages through the Middle East Gulf as an extra safeguard after a wave of attacks in the region, security companies involved said.   Relations between Iran and the West are increasingly strained after Britain seized an Iranian tanker...

More than one in 10 firms losing over $10 million due to cyberattacks:Willis Towers Watson

Non-Life, Risk Management       Jul 17, 2019

  ASIA: Annual losses from cyberattacks averaged $4.7 million in the last fiscal year — with more than one in 10 firms losing over $10 million —according to a new report from   The Cybersecurity Imperative, a global thought leadership program produced by independent researcher ESI ThoughtLab...

Harvard University invests in Litigation Finance Fund

Non-Life, Reinsurance, Risk Management       Jul 16, 2019

Harvard University is committing more capital to a strategy that backs plaintiffs in commercial disputes, delivering robust uncorrelated returns.   The strategy is run by IMF Bentham Ltd., a publicly traded company which last week finished raising $500 million for a fifth litigation fund that will...

EU braces for No-Deal Brexit if Johnson becomes UK Prime Minister

Eco/Invest/Demography, Non-Life, Reinsurance       Jul 16, 2019

  London: The European Union is bracing for either a no-deal Brexit or another delay if Boris Johnson becomes Britain’s prime minister next week with a pledge to renegotiate a deal the bloc says it will not reopen. The three-year Brexit crisis could be about to...

7.3 magnitude earthquake rattles Indonesia's Malaku Island

Disaster & Management, Eco/Invest/Demography       Jul 14, 2019

An earthquake measuring 7.3 on the Richter scale struck off the Maluku islands in Eastern Indonesia on Sunday, United States Geological Survey (USGS) said.   The epicentre of the quake, which occurred at around 9:10 (UTC), was registered at a depth of 10 kilometres, about 102...

Johnson & Johnson denials of asbestos in baby powder spur criminal probe

Eco/Invest/Demography       Jul 13, 2019

  The US Justice Department is pursuing a criminal investigation into whether Johnson & Johnson lied to the public about the possible cancer risks of its talcum powder, people with knowledge of the matter said.    The criminal probe, which hasn’t been reported previously, coincides with a...

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