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Ukrainian attack halts oil exports from Russia’s Novo, affecting 2% of global supply, sources say
The attack was one of the biggest on Russian oil-exporting...
India,China driving air traffic growth in Asia Pacific region: AAPA DG
The Asia Pacific region is projected to require 19,560 new...
McKinsey sees AI surge boosting consulting amid industry slump
Among those deploying automation rapidly are the traditional and regulated industries such as banking and insurance, Rodney Zemmel, senior partner and head of the McKinsey's digital business said McKinsey & Co. is seeing an increase in the number of clients...
Severe typhoon set to disrupt flight, train services in Japan
Disruptions from tropical storms this time of year have become an annual occurrence in Japan and other countries in the region. They’re also more severe, causing factories to halt production and companies telling employees to stay at home. The latest typhoon,...
Wall street firms to pay $470 million to settle with US regulators over texting
The penalties mark the latest wave of a sweeping multi-year enforcement initiative targeting Wall Street’s use of so-called “off channel” work communications such as text and WhatsApp messages in breach of rules which require firms to retain certain work-related...
US FDA seeks fresh curbs on sodium levels in packaged, processed foods
"Reducing sodium in the food supply has the potential to be one of the most important public health initiatives in a generation," FDA Deputy Commissioner for Human Foods Jim Jones said in a statement Fast-food chains, including McDonald's , Burger King-parent...
2024 Cat bonds issuance set to exceed 2023 record
A fresh analysis by Swiss Re shows issuance of the bonds was well over $12 billion in the first half of 2024, putting it on track to exceed the $15.6 billion issued throughout 2023 Investors can face huge losses if a pre-defined catastrophe hits, but enormous gains if...
Floods threaten Europe as searing heat gives way to storms
Climate change is increasing the frequency and intensity of extreme weather events, including heat waves, violent storms and wildfires. Countries around the Mediterranean Sea — which reached a record average temperature of 28.16C (82.7F) on Tuesday — are some of the...
WHO declares mpox a global public health emergency for second time in two years
An emergency committee met earlier on Wednesday to advise WHO Director-General Tedros Adhanom Ghebreyesus on whether the disease outbreak constitutes a "public health emergency of international concern," or PHEIC.PHEIC status is WHO's highest level of alert and aims...
Goldman Sachs’ fund division to leave climate investor group
U.S. members of global climate-focused coalitions have come under pressure as some Republican lawmakers have criticized them for potentially breaching antitrust rules by pushing companies to cut climate-damaging emissions. Goldman Sachs’ fund division is to leave...
Flight and voice data boxes extracted from crashed Brazilian plane
The airline VoePass, which operates a small fleet of planes made by ATR, said the flight Friday was traveling from the state of Parana to Sao Paulo’s Guarulhos International Airport when it crashed in a residential area, killing 58 passengers and four crew members...
UK sets up AI Laboratory to tackle cyber threats
The new organization would in time seek to work with technology companies and academic experts, as well as international allies, to counter AI-based threats to national security and British businesses UK spies are stepping up efforts to tackle cyber and artificial...