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Global reinsurance dedicated capital increases 5% to $805 billion in H12025: Gallagher Re
Gallagher Re estimated that the private insurance market and public...
Global reinsurance sector to experience moderate deterioration in 2026:Fitch
Abundant capacity and rising competition across most property lines...
Bird flu: US tests show pasteurized milk is safe
One person, a Texas farm worker, has been confirmed to have bird flu and suffered conjunctivitis in the current outbreak following exposure to dairy cows. Both the Centers for Disease Control and Prevention and the World Health Organization said on Friday the current...
US probes Tesla recall of 2 million vehicles over Autopilot, citing concerns
The National Highway Traffic Safety Administration closed its nearly three-year defect investigation into Autopilot, saying it found evidence that "Tesla's weak driver engagement system was not appropriate for Autopilot's permissive operating capabilities" that result...
Nearly 282 million people in 59 countries faced acute hunger in 2023: UN Report
Extreme weather events were the primary drivers in 18 countries where over 77 million people faced high levels of acute food insecurity, up from 12 countries with 57 million people in 2022. In 2023, the world experienced its hottest year on record and climate related...
Oil, chemical industry lobbyists flood UN talks on cutting plastic pollution
The aim of this week's United Nations negotiations is to create a legally binding treaty that would cover the entire lifecycle of plastic, from production to disposal or reuse. But some fossil fuel and petrochemical industry groups, as well as countries that rely on...
82% of Singaporean business leaders fear elections across the globe impacting international trade: Beazley report
Jack Suk, Underwriter, Political Risks & Trade Credit, Asia Pacific, Beazley said: “Materials vital to the energy transition and development of electric goods are an increased focus for companies. As some developed countries look to move their supply chains away...
Global brands responsible for majority of branded plastic pollution
They found that the top five brands were The Coca-Cola Company (linked to 11 per cent of branded plastic waste), followed by PepsiCo (5 per cent), Nestlé (3 per cent), Danone (3 per cent), and Altria (2 per cent). In all, 56 companies were identified International...
Invest in disaster resilience today for safer tomorrow: Indian PM Modi
"Earthquakes destroy houses, making thousands of people homeless. Natural disasters can disrupt water and sewage systems, putting the health of people at risk. Some disasters can impact energy plants, leading to potentially dangerous situations. These things have a...
South Korean court hears children’s climate change case against government
The proceeding is Asia's first such climate-related litigation, the plaintiffs said, which includes four petitions by children and infants among others dating from 2020, as well as one from a foetus at the time, nicknamed Woodpecker. South Korea's Constitutional Court...
Musk decries Australian court ‘censorship’ of X terror posts
At a hearing overnight, Australia’s Federal Court ordered X, formerly called Twitter, to temporarily hide posts showing video of the incident a week earlier, in which a teenager was charged with terrorism for knifing an Assyrian priest and others Elon Musk lashed out...
Sanofi to pay over $100 million to settle about 4,000 Zantac cancer lawsuits
But the relatively modest settlement should please Sanofi investors, who’ve worried in the past about the financial fallout of thousands of US lawsuits targeting Zantac makers such as Sanofi and GSK Plc, which originally developed the product Zantac was recalled in...