The Asia Pacific region is projected to require 19,560 new...
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Airlines need to be properly rewarded says,IATA chief amid supply chain woes
The global aviation industry has been grappling with supply chain...
Tesla requires suppliers to avoid China-made parts for US cars, WSJ reports
Executives have struggled with fluctuating tariffs in the...
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...
Hiscox unveils GenAI-enhanced lead underwriting platform
By combining Hiscox AI Laboratories with Google Cloud’s generative AI, Hiscox now has the ability to remove manual elements of the underwriting process. Risks that are in scope are assessed using Google Cloud’s Gemini large language model, and the process generates an...
Africa public health body declares mpox emergency
The Africa Centres for Disease Control and Prevention (Africa CDC) warned last week that the viral infection's rate of spread was alarming. It said that over 15,000 mpox cases and 461 deaths were reported on the continent this year so far, representing a 160% increase...
Major wildfire rages out of control on the fringes of the Greek capital
Wildfires are frequent in Greece during its hot, dry summers, but authorities have said climate change is fueling bigger and more frequent blazes. The fire sent a blanket of smoke over the center of the Greek capital, darkening the sky. It began Sunday afternoon about...
Plane crashes in fiery wreck in Sao Paulo with 62 people aboard
At an event in southern Brazil, President Luiz Inácio Lula da Silva asked the crowd to stand and observe a minute of silence as he shared the news. He said that it appeared that all passengers and crew aboard had died, without elaborating as to how that information...
South Africa moves to implement national health bill despite resistance
Cyril Ramaphosa,President, South Africa The legislation will gradually limit the role of private insurance in South Africa, create a new public fund to provide free access for citizens, and set the fees and prices that private healthcare suppliers can charge for...
Severe thunderstorms drive insured losses to $ 60 billion in first half of 2024, Swiss Re
Balz Grollimund, Head of Catastrophe Perils at Swiss Re, said: "In recent years, severe thunderstorms have emerged as a main driver of a significant increase in insured losses. This is due to growing populations and higher property values in urban areas, along with...
Lloyd’s financial strength rating upgraded by AM Best
Today’s upgrade from AM Best follows that of S&P Global at the end of last year, with both agencies acknowledging the strength and resilience of Lloyd’s balance sheet.The upgrade further enhances Lloyd’s ability to attract and retain investors due to its unique...
Helicopter with 5 people on board crashes in the mountains northwest of Nepal’s capital
The four passengers are Chinese nationals, and the pilot is a Nepali man, police said. No further details were immediately available KATHMANDU: A helicopter crashed in a forest outside Nepal's capital Kathmandu shortly after takeoff on Wednesday, killing all five...
Missile attack by Yemen’s Houthi rebels hits container ship in first attack in 2 weeks
The killing of Haniyeh in Tehran has sparked concerns of a new escalation in the Israel-Hamas war. Already, the U.S. military says it will move a fighter jet squadron to the Middle East and keep an aircraft carrier in the region DUBAI, United Arab Emirates : A missile...