International News

Aeromexico Plane Crash causes dozens of injuries but no deaths

Non Life-News       Aug 01, 2018

  Mexico City: Dozens of people were injured when a packed Aeromexico-operated Embraer jet crashed right after takeoff in Mexico’s state of Durango on Tuesday, but authorities said most were not seriously hurt and there were no fatalities.   The mid-sized jet was almost full, with 103...

UK’s Financial Services Exports highlight need to keep Post-Brexit access: Officials

Economy       Aug 01, 2018

    London: Britain’s exports of financial services to the European Union hit a record high last year, highlighting the need for the City to preserve access to the bloc after Brexit, industry officials said on Tuesday.   Exports rose 3.6 billion pounds ($4.73 billion) to 59.6 billion...

Prudential and Babylon Join Forces to Pioneer AI-Powered Digital Health Services in Asia

Health, Life-News, Technology       Aug 02, 2018

  Hong Kong: Prudential Corporation Asia today announced it has entered into an exclusive partnership agreement with UK-based healthcare technology and services company Babylon Health .   Babylon's artificial intelligence ("AI") expertise will be made available to existing and new customers of Prudential across Asia marking a...

Uber halts driverless truck manufacturing to focus on Cars

Non Life-News, Technology       Jul 31, 2018

  Uber will stop developing self-driving trucks that have been hauling cargo on U.S. highways, the ride-hailing company said on Monday, seeking to focus its autonomous-vehicle technology solely on cars.   Through its acquisition of Otto in 2016, Uber had sought to disrupt freight hauling with self-driving...

Hong Kong insurer FWD Group eyes Singapore Listing

Non Life-News       Jul 31, 2018

  Hong Kong: Hong Kong billionaire Richard Li’s FWD Group is considering listing in Singapore with a dual-class structure, as the insurer moves ahead with its initial public offering preparations, people with knowledge of the matter said.   FWD is discussing with advisers the merits of listing...

Lloyd’s Conducts Business Review in Wake of 2017’s $2.6 Billion Loss: Sources

Non Life-News       Jul 31, 2018

  London: Lloyd’s of London is reviewing all aspects of its business, including its centuries-old structure, to ensure it is cost-competitive and responsive to both clients and members, especially after Britain leaves the EU, industry sources said.   The review, coming after a 2-billion-pound ($2.64-billion) loss last...

Strong Earthquake Hits Indonesia’s Lombok Island, Killing at Least 14 People

Disaster Management       Jul 31, 2018

  Jakarta: A strong and shallow earthquake early Sunday killed at least 14 people and injured more than 160 on Indonesia’s Lombok island, a popular tourist destination next to Bali, officials said.   The quake damaged more than 1,000 houses and was felt in a wider area,...

Manipulation likely behind MH370 tragedy, no apparent system fault: Report

Non Life-News       Jul 30, 2018

  Malaysia Airlines Flight 370, missing since 2014, was probably deliberately steered off course and flown to the southern Indian Ocean, according to the Malaysian government’s safety report into the disaster.   It’s difficult to attribute the aircraft’s changes in course to any specific system failure, according...

Nigerian Regulator triples insurers’ minimum capital requirement

Non Life-News       Jul 27, 2018

  Abuja: Nigeria increased the minimum capital requirement for insurers by threefold, in a bid to expand their capacity to handle risk in Africa’s biggest oil producer.   The National Insurance Commission requires the new levels of capital by Jan. 1, according to Rasaaq Salami, spokesman for...