The British retailer will try to mitigate the impact with cost...
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Geneva Association report calls for action to safeguard home insurance amid rising extreme weather risks
“Extreme weather is no longer a future threat – it’s disrupting...
EU likely to propose to G7 lowering price cap on Russian oil to $50 per barrel
The G7 price cap was agreed in December 2022, banning trade in...
Retaliation risk looms for some U.S. corporates as trade war continues: Fitch
The scope of potential retaliation is evolving as the trade war focus shifts to China. This raises the risk for other sectors like technology, agriculture, gaming and autos as some casinos and original equipment manufacturers have licenses or joint ventures in China,...
Landmark agreement reached at WHO over tackling future pandemics
"In reaching consensus on the Pandemic Agreement, not only did they put in place a generational accord to make the world safer, they have also demonstrated that multilateralism is alive and well, and that in our divided world, nations can still work together to find...
China accuses a US spy agency of hacking Asian Winter Games
China’s National Computer Virus Emergency Response Center said this month that more than 270,000 foreign cyberattacks were recorded on computer networks associated with the Asian Winter Games between Feb. 7 and Feb. 14. About two-thirds of the attacks were traced to...
China’s murky bankruptcies expose hazards for foreign investors
Gaps in enforcement of China's insolvency laws can leave creditors vulnerable to opaque dealings and malicious bankruptcy filings by firms seeking to evade payment obligations, or by individuals trying to appropriate company assets DALIAN: When a Chinese pork producer...
AI makes weather forecasting more cost effective and accurate
This is the first time Taiping Reinsurance is bringing high-resolution flood modeling in-house, instead of relying on coarser models developed by US risk analytics companies, said Sheldon Yu, chief executive officer at the Hong Kong-based reinsurer The weather...
Major nations agree on first-ever global fee on greenhouse gases with plan that targets shipping
The agreement, reached with the United States notably absent, is expected to be formally adopted at an October meeting to take effect in 2027. The IMO, which regulates international shipping, also set a marine fuel standard to phase in cleaner fuels Many of the...
Tourist helicopter crashes into New York’s Hudson River, killing all six aboard
Video of the crash showed what appeared to be a large object plunging into the river, followed seconds later by what appeared to be a helicopter blade A tourist helicopter plummeted upside down into New York City's Hudson River on Thursday killing all six people on...
Corporate credit tremors in aftershock of tariff-led stock rout
The move is fueling fears pension funds and other longer-term investors might also start purging higher-quality borrowers from their portfolios. With the majority of fixed-income trading happening off-market, it can be hard to track and measure sales The tariff shock...
Trump issues order to block climate change laws
U.S. President Donald Trump The order directed the U.S. attorney general to identify state laws that address climate change, ESG initiatives, environmental justice and carbon emissions, and to take action to block them Washington: U.S. President Donald Trump issued an...
Global energy insurance market continues to soften with capacity at an all-time high: Willis
In Asia, insurance capacity from Asian-based insurers remains very strong. Over the last two years, some insurers have set up new and expanded capacity in the region due to market profitability in the downstream sector. This is coupled by an increased demand from...