Most of the exposure from the July 28 quake in Kumamoto is tied to...
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Lohiya launches New India’s first sovereign-backed P&I cover under BMIP, war risk prm falls 35-40%
L to R: Debasish Prusty, additional secretary,Department Financial...
Assam and Orissa flood remain grim; IMD predicts heavy rainfall in Arunachal, Nagaland,Mahanadi water levels continue to rise
A crop area of 21,523.08 hectares remained submerged in Assam. More...
SC says right to trauma care of citizens integral part of right to life; passes slew of directions
A bench of Justices J K Maheshwari and A S Chandurkar also directed the states and UTs to establish functional (physical and digital) good samaritan grievance redressal systems with designated nodal authorities at state and district level within three months, and...
Wealthy families cut dollar exposure, survey finds
"For the first time, we are feeling that family offices want to build up in Asia Pacific and, to a certain degree, also in Western Europe," UBS executive Benjamin Cavalli said. "That mainly affects family offices outside the United States, but we are also seeing...
Trump says Iran and Oman will not control Strait of Hormuz, deal remains elusive
Trump's comments came after Iranian state TV reported that it had obtained an unofficial draft of an agreement that would restore commercial shipping through the strategic waterway to prewar levels within a month, with Iran and Oman jointly managing traffic. That...
Climate Intelligence:Turning weather data into financial gain
The weather was always data. We just never learned to treat it as a financial signal.That is now changing, and it is changing faster than most people realise.The missing link has always been the intelligence layer that connects real-time weather data to real-time...
US launches new strikes as talks stall,Iran says strikes violate ceasefire
Marco Rubio,U.S. Secretary of State Following strikes against targets that the U.S. said included boats attempting to lay mines and missile launch sites, U.S. Secretary of State Marco Rubio told reporters on his plane in India's Jaipur that the Strait of Hormuz had...
Private credit losses could hurt insurers more than banks, ECB warns
Private credit has been rattled in recent months by concerns about overspending on artificial intelligence, the technology’s disruptive power notably as regards the software industry and doubts over lending standards.The ECB said that the upstart industry in isolation...
OpenAI’s Altman says AI unlikely to trigger ‘Jobs Apocalypse’
Sam Altman,CEO,OpenAI Sam Altman said he and his executives had been “roughly right” on the technological predictions made by OpenAI when it launched ChatGPT in 2022. But he said they were “pretty wrong” on the social and economic implications. OpenAI CEO Sam Altman...
Asia emerging as a key global growth engine for cyber insurance market:Report
The report, “Unlocking Asia’s Cyber Insurance Opportunity: The Broker’s Role in Growth”, notes digital adoption is accelerating across the region, yet standalone cyber insurance penetration remains structurally low. In many markets, fewer than five percent of small...
WHO warns Congo Ebola outbreak outpacing response efforts
“We are now playing catch-up with a very fast-moving epidemic,” WHO Director-General Tedros Adhanom Ghebreyesus said Monday during a virtual briefing of African health ministers. “At the moment, the epidemic is outpacing us.” Ebola is spreading faster in Democratic...
Iran would open Strait of Hormuz 30 days after peace deal
The United States is close to reaching a deal with Iran that would end the war, reopen the Strait of Hormuz and see Iran give up its stockpile of highly enriched uranium, regional officials told The Associated Press on Sunday, though U.S. President Donald Trump said...