This change follows a decision by the ASML Board to re-allocate capacity to other underwriting opportunities worldwide, including AUA’s branch offices in Australia which are unaffected by the decision in respect of the Singapore business In due course, it is expected...
International News
China: AIA in talks to buy billion-dollar Shanghai Tower in growth push
The office would mark the insurer’s commitment to expand in China despite economic headwinds from stringent Covid restrictions. AIA became the first wholly owned foreign life insurer in the country after turning its Shanghai branch into a subsidiary in 2020, paving...
Malaysia to offer crop insurance to push food security Push
The Agro-Food Takaful Insurance Scheme will be launched through the Ministry of Agriculture and Food Industries and will initially be offered to the nation’s 189,500 rice farmers, Prime Minister Ismail Sabri Yaakob said. The insurance cover will be expanded in stages...
From 7-11s to train stations, cyber attacks plague Taiwan over Pelosi visit
Taipei has not directly blamed the attacks on the Chinese government, but has said that the attacks on government websites — which paralyzed the sites’ operations — originated from addresses in China and Russia. It also said the firms whose displays were changed had...
Russia finds a new route to oil market via a tiny Egyptian port
The unusual move makes the cargo’s ultimate destination harder to track, adding to a trend of Russian oil shipments becoming increasingly obscured since European buyers began to shun them following the nation’s invasion of Ukraine Russia appears to have found a new...
Ukraine seeks to extend shipping safe passage deal beyond grain
“We expect that the security guarantees of our partners from the U.N. and Turkey will continue to work, and food exports from our ports will become stable and predictable for all market participants,” Ukrainian Infrastructure Minister Oleksandr Kubrakov said on...
Japan truck manufacturer Hino says it faked emissions data for 20 years
Teams that were developing engines knew they couldn’t meet targets and felt so pressured they falsified test results, Ogiso said. That led to more deception, as workers covered up their wrongdoing. No safety problems are believed to be involved, Ogiso said TOKYO: Hino...
Twitter rejects Musk’s claims that he was hoodwinked
The two sides head to trial on Oct. 17 after Musk sought to abandon his deal to acquire Twitter over what he says is a misrepresentation of fake accounts on the site Twitter Inc. on Thursday dismissed Elon Musk’s claims in a Delaware court filing that he was...
Berkshire Hathaway posts massive $43.8 bln loss; operating results improve
Warren Buffett, chairman, Berkshire Hathaway Operating results, as improved results from reinsurance and the BNSF railroad offset a loss from the Geico car insurer, where car parts shortages and higher vehicle prices boosted losses on accident claims. The slide in...
WMO reports decrease in likelihood of severe Atlantic hurricane season ahead
Over the past 50 years, every single day, they have caused on average 43 deaths and $78 million in damages, according to WMO statistics from 1970-2019 However, based on the data, death tolls have fallen dramatically. This development is thanks to improvements in...