Global insurance premiums are set to grow by 2.3% in real terms in...
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Red Sea Crisis: Google and Meta delay undersea cable projects
The southern Red Sea segment of 2Africa hasn’t yet been built due...
No firm is immune if AI bubble bursts, Google CEO tells BBC
Alphabet Chief Executive Sundar Pichai said in an interview with...
Malawian govt receives $11.2 million insurance pay out for Niño-linked drought
Malawi had a drought insurance policy through the bank and the African Risk Capacity Group, an agency of the African Union. The funds will support food assistance to around 235,000 households in some of Malawi’s hardest-hit regions and also help with direct relief...
Divers retrieve bodies from Mike Lynch Yacht sunk off Sicily
Six people were likely trapped inside the Bayesian when it was hit by a tornado near Porticello, Sicily, and were unable to escape, according to authorities Italian divers on Wednesday retrieved four bodies from a sunken yacht off Sicily, where British tech...
UK insurers ask for new rules to develop captive market
UK is missing out on a market that’s estimated to reach $161 billion globally by 2030, the letter said. The US, France and Italy have all introduced regimes to bring captives onshore according to a letter written to Chancellor Rachel Reeves by senior figures in the UK...
Istanbul: With earthquake risk city’s business now getting ahead on contingency planning
The impact would, of course, be huge. Insurers estimate a $300 billion hit to the economy, equivalent to 27% of gross domestic product, according to a senior person in the industry. That would be three times the estimate from last year’s disaster. About $25-$30...
Singapore mending regulations to stay globally competitive: PM Wong
Lawrence Wong ,Prime Minister, Singapore Prime Minister Lawrence Wong said easing the regulatory burden and cutting the cost of doing business was part of his government’s efforts to nurture and grow the spirit of innovation and enterprise in Singapore Singapore:...
X to wind up operations in Brazil ‘effective immediately’ due to censorship
Earlier this year, Moraes ordered X to block certain accounts, as he investigates so-called "digital militias" that have been accused of spreading fake news and hate messages during the government of far-right former President Jair Bolsonaro. Media platform X said on...
Urgent need to address $4 trn financing gap to accelerate SDG progress: FM
Nirmala Sitharaman, Finance Minister Addressing the third Voice of Global South Summit virtually, Sitharaman said that recent reports reveal that the implementation of many SDGs in developing economies is stagnating, with some indicators even regressing New Delhi:...
Pakistan & Sweden report cases of more infectious form of mpox first identified in Congo
WHO said there have been more than 14,000 cases and 524 deaths in more than a dozen countries across Africa this year, which already exceed last year's figures Pakistan has detected three patients with the mpox virus, the health department in Khyber Pakhtunkhwa...
Biden, Harris hail Medicare drug price cuts that will save billions
Biden's signature Inflation Reduction Act, signed into law in 2022, was the first to allow Medicare to negotiate prices for some of the most costly drugs that the program covers for 66 million people. The new prices will go into effect in 2026 LARGO,...
Hurricane Debby: Moody’s estimates insured losses for will not exceed $1.5 billion
Jeff Waters, director, North Atlantic Hurricane Models at Moody’s, said, “Hurricane Debby should not be a major event for the (re)insurance market. Debby made landfall just 10 to 15 miles (16 to 24 kilometers) from last year’s Hurricane Idalia’s Florida landfall as a...