Saudi Arabia, the world's largest oil exporter, has relied on the...
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From digital India to intelligent India: Jyotiraditya Scindia outlines vision for trusted digital finance
Union Minister for Communications Jyotiraditya Scindia cited the...
RBI Governor advises fintech firms against expanding business by exploiting regulatory gaps
Sanjay Malhotra,Governor, Reserve Bank of India Reserve Bank of...
AI finding twice as many cyber flaws in 2026 as it did in 2025
The surge in discovered vulnerabilities lends credence to the warnings governments and security firms have been issuing about the threat posed by hackers armed with powerful, new AI models. The number of software security flaws discovered in popular technology...
Swiss regulator opens enforcement proceedings against Zurich Insurance, bars sales of some new policies
“The regret is that we should have found it ourselves, which we didn’t despite all the audits and checks that we do. Remediation steps hadn’t been followed, which led to the enforcement proceeding, Chief Executive Officer Mario Greco Zurich Insurance said on Monday...
French and Spanish firefighters battle wildfires for a sixth consecutive day
Spain’s fires were fueled by a combination of weather, mainly because the country suffered three heat waves between June and mid-July, depleting soil moisture, along with denser-than-usual vegetation following an unseasonably rainy winter. Similar reasons are being...
Assam flood: Over 4.4 lakh people affected in 6 districts, toll remains at 68
No deaths were reported in the past 24 hours, with the toll in this year’s deluge remaining at 68, the ASDMA bulletin said. Guwahati:The flood situation in Assam improved marginally on Monday, with no fresh fatalities reported in the last 24 hours, though 4.45 lakh...
Crypto asset tax reporting obligation: Here is what it means for exchanges, investors
The objective of the guidance note on crypto asset reporting obligations is to bridge the information gap that existed because such assets could be transferred or held outside the traditional financial system. The Central Board of Direct Taxes (CBDT) has issued a...
Emerging markets stare at inflation risks as powerful El Niño looms
Emerging markets are particularly vulnerable as households spend a larger share of their income on food, and agriculture plays a big role in their economies, raising the risk that central banks will have to keep policy tighter for longer. Emerging economies already...
Record-low Danube levels expose shipwrecks
Danube levels fell to record lows this week in Croatia and Serbia, exposing hundreds of square kilometers of sand banks, following the summer’s prolonged heatwaves and drought that have affected waterways across Europe. Dozens of boats in a marina in Serbia’s northern...
Saudi Arabia-bound Supertanker U-turns before Houthi chokepoint
It’s not clear what exactly prompted New Champion’s U-turn. Some providers of shipping insurance have in recent days been unwilling to offer coverage for any vessels calling at Saudi Arabia due to the risk of attacks, according to ship and insurance brokers. A Hong...
Why El Niño’s promise of quieter Hurricane Season may not be good news for insurers
“All it takes is one landfalling hurricane to create an insured loss of a magnitude we’ve never seen before … And that could absolutely happen in an El Niño year,” said Kimberly Roberts, advisory leader of North American peril at reinsurance broker Guy Carpenter For...
Aon launches AI Risk Diagnostic to help organizations understand and manage AI risk
"Artificial intelligence is creating significant opportunities for organizations, but it is also introducing new and increasingly complex risk considerations across governance, compliance, operations and resilience," said Richard Waterer, Aon Global Risk Consulting...