Four insurers are—Sompo Japan Insurance, Mitsui Sumitomo Insurance,...
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Govt paves way for return of merchant fees on digital payments
An amendment to India's Payment and Settlement Systems Act, tabled...
Projectile sinks Indian ship near Yemeni waters but all seafarers safe: Govt
The commercial vessel, MSV Faize Noore Oliya, sank in the Red Sea...
Iran seeks “insurance mechanism” to reduce risks for ships transiting through Hormuz
"Yes, we want to maintain the security of the Strait of Hormuz. We want to protect the environment of the Strait of Hormuz. We must establish an insurance mechanism so that ships involved in incidents or encountering problems are covered to reduce their risk," Iran's...
TotalEnergies must address climate risks linked to its products, French court rules
``The law does not mean to render companies responsible for those risks, which result from all human activity on the planet since the industrial revolution, but asks them to act according to their situation.Extracting, refining and marketing of a barrel of oil...
Australia’s security environment degrading, spy chief warns
"Australian Security Intelligence Organisation (ASIO)'s annual assessment followed a year in which Australia confronted threats on multiple fronts, from online radicalisation, state-sponsored cyberattacks to arson against Jewish businesses and a mass shooting in...
Venezuela earthquakes kill nearly 1,000, tens of thousands missing
United Nations aid chief Tom Fletcher told AFP that more than 50,000 people were missing after two powerful earthquakes struck within a minute of each other on Wednesday evening, flattening buildings in the north of the country. The death toll from twin earthquakes in...
China’s 360 says it has developed tools to match Anthropic’s Mythos
360’s release marks the most high-profile Chinese answer yet to Anthropic’s Mythos model, which has triggered alarm in Washington and other capitals, as well as across the cybersecurity industry, over its ability to discover vulnerabilities in sensitive systems....
NGT asks UP dept to take action against ‘illegal’ groundwater extraction in Noida, Greater Noida
The order comes against the backdrop of growing concern over India's rapidly shrinking groundwater reserves. India is the world's largest user of groundwater, accounting for roughly a quarter of global extraction. New Delhi:The National Green Tribunal (NGT) has...
Iran reasserts its right to control shipping in Strait of Hormuz after ship hit near Oman
"Safe passage through the Strait of Hormuz cannot be guaranteed under ambiguous arrangements, parallel routes or decision-making that does not take Iran's role as a coastal state into account," Deputy Foreign Minister Kazem Gharibabadi said on X. DUBAI/LONDON: Tehran...
India’s Renewable Energy Sector:Need to invest in climate resilience
The report by Zurich Kotak General Insurance and Zurich Resilience Solutions finds that nearly 90% of the planned renewable energy generation capacity across India is likely to face high or critical risk exposure, i.e. a ~15% to 30% chance of experiencing a major...
Reopening of Strait of Hormuz to lower tail risk, but supply normalisation to be costly: S&P
S&P said South Asia is especially exposed to second-order risks of the West Asia conflict.India is the world's largest urea importer and relies heavily on Gulf suppliers, India is the world's largest urea importer and relies heavily on Gulf suppliers, while...
MS Amlin joins Natural Disaster Fund as capacity provider
The NDF is a blended risk transfer vehicle designed to mitigate climate-related challenges and build resilience for low-and-middle-income countries and currently has a portfolio of more than $100m of risks. LONDON: MS Amlin, the Lloyd’s global specialist (re)insurer,...