A senior Yemeni official warned on Monday that the country’s armed...
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UK unveils rules to establish Captive Insurance regime
The Bank of England and the Financial Conduct Authority laid out...
China braces for unusually active Typhoon season after Bavi
In its latest midsummer outlook, the National Climate Centre...
UK to bring cloud service providers under direct financial regulation
“As banks, insurers and financial market infrastructures become increasingly reliant on cloud services, disruption at a major supplier could affect multiple firms at the same time, potentially impacting services customers depend on,” the government said in a statement...
El Niño poses weather-driven credit risks for LatAm transportation
The Panama Canal is exposed to specific hydrological risk, as reduced rainfall in the Gatún Lake watershed could again lower water levels, leading to draft restrictions and revenue pressure. Fitch Ratings says El Niño poses broad weather-related risks for Latin...
Trump steps back from Hormuz fee plan in favour of Gulf investment deals
"Based on highly productive conversations with Middle East leadership, I have decided to replace the 20% United States Reimbursement Fee with Trade and Investment Deals that the various Gulf States will be making into the United States," he said in a post on Truth...
Iran expands attacks on Gulf states after US strikes, says Strait of Hormuz closed
The renewed violence casts further doubt on the future of an interim U.S.-Iranian agreement signed last month that aimed to reopen the strait and end the war after a further 60 days of negotiations.The renewed violence casts further doubt on the future of an interim...
Bavi hits China, Millions evacuated
Scientists say climate change is increasingly exposing the world’s second-largest economy to destructive weather events, with this year of particular concern due to the expected emergence of the El Nino weather pattern, which could drive up temperatures and fuel more...
US eyes steering wheel-free cars
“If you’re developing a vehicle that is designed never to be driven by a human operator, it doesn’t make any sense to require manual controls,” Jonathan Morrison, administrator of the National Highway Traffic Safety Administration, said The head of the top US auto...
Strongest El Niño in 75 years, says US Climate Prediction Center
“Even the strongest El Niño events do not lead to the typical impact everywhere, but stronger events can more significantly tilt the odds in favor of expected outcomes,” the Climate Prediction Center said. El Niño “will strengthen through the end of the year, with a...
More countries move to ban social media for children
Social media has been banned for under-16s in Australia since December last year, while Brazil introduced a law in March requiring platforms to link the accounts of users aged under-16 to those of their parents, while also requiring platforms to verify users’ ages....
South Korea issues first emergency heatwave warning under new rating system
The new warning system was introduced to better deal with a rising number of heatwaves in South Korea, which have become longer and more intense, officials said. Seoul:South Korea issued its first-ever emergency heatwave alert on Sunday under a new warning system...
Apple sues OpenAI, two former employees for trade secrets theft
The lawsuit sets up a battle over who will control future AI devices that may not use traditional apps or operating systems — devices which, if successful, would direct consumer attention away from Apple's best-selling iPhone. Analysts believe OpenAI is working on a...