The global aviation industry has been grappling with supply chain...
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Tesla requires suppliers to avoid China-made parts for US cars, WSJ reports
Executives have struggled with fluctuating tariffs in the...
World’s first impact bond on weather and climate data opens for contributions
“This Impact Bond will increase internationally shared data...
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...
World’s richest lose $134 billion in stock slump, led by Amazon’s Bezos
Jeff Bezos, founder,Amazon Investors have also become jittery over fears that this year’s AI-fueled gains are overdone or the market is too concentrated Jeff Bezos’s net worth shrank by $15.2 billion Friday, leading a wide-ranging slump that erased $134 billion from...
Hong Kong slaps AIA with record fine for anti-laundering lapses
The lapses resulted in some customers who were “politically exposed persons” failing to be picked up during the screening process. That led to delays in identifying their source of money and wealth, it added. However, no policies were sold to clients who should not...
Tesla registers insurance brokerage in China
By selling insurance directly to consumers, Tesla could potentially offer lower-cost EV insurance products, which are usually more expensive than those for gasoline cars Beijing: Tesla registered an insurance broking firm in China at the end of July, based on a...
BNP Paribas in talks to buy AXA Investment Managers for 5.1 bln euros
This represents a major strategic move for AXA, Europe’s second-biggest insurer, as it aims to focus on its core businesses: life insurance, savings, property and casualty policies as well as health insurance Paris: BNP Paribas is in exclusive talks with French...
Delta CEO says airline is facing $500 million in costs from global tech outage
Speaking on CNBC, Bastian said Wednesday that the monetary amount represents lost revenue as well as “the tens of millions of dollars per day in compensation and hotels” for the five-day period. Delta Air Lines CEO Ed Bastian says the airline is facing $500 million in...
CrowdStrike sued by shareholders over global outage
In a proposed class action filed on Tuesday night in the Austin, Texas federal court, shareholders said they learned that CrowdStrike’s assurances about its technology were materially false and misleading when a flawed software update disrupted airlines, banks,...
Fed leaves rates unchanged, nods to possible September cut
Fed Chair Jerome Powell While Fed officials are wary of any actions that could mar their data-not-politics approach to setting monetary policy, the steady drop in inflation in recent months prompted a broad consensus that the inflation battle was near an end...
Spain fines Booking.com $448 million for abusing dominant position
Booking Holdings intends to appeal the fines as it strongly disagrees with the "outcome of CNMC's investigation", a company spokesperson said in an email, adding it considers the issue should be debated under the European Union's Digital Markets Act rules MADRID:...