by AIP Online Bureau | Jun 23, 2025 | Eco/Invest/Demography, International News
Lawyers for the shareholders plan to seek legal fees of up to 13% of the settlement amount, or about $18 million excluding interest, plus up to $2.6 million for expenses, court papers show Rio Tinto agreed to pay $138.75 million to settle a lawsuit that accused the...
by AIP Online Bureau | Jun 23, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
The claim alleges that the floods, which closed the Prospecton plant for four months, cost the company about 4.5 billion rand in plant repairs and rehabilitation and more than 2 billion rand in business interruption, the newspaper reported. A 6.5 billion rand ($361...
by AIP Online Bureau | Jun 22, 2025 | Eco/Invest/Demography, International News, Policy, Risk Management
Around 20% of global oil and gas flows through Strait of Hormuz. “If they do that, it will be another terrible mistake. It’s economic suicide for them if they do it. And we retain options to deal with that, but other countries should be looking at that as...
by AIP Online Bureau | Jun 22, 2025 | Indian News, Non-Life, Reinsurance, Risk Management
The audit framework will cover the entire range of aviation entities, including scheduled and non-scheduled airlines, maintenance, repair and overhaul organisations (MROs), flying training schools, air navigation service providers, airport operators and ground...
by AIP Online Bureau | Jun 22, 2025 | Eco/Invest/Demography, International News, Risk Management
Airlines continued to avoid large parts of the Middle East due to missile exchanges between Israel and Iran, the latest upheaval to travel in the region. U.S. strikes on Iran’s nuclear sites could heighten the threat to American operators in the region, an...
