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China’s Kuaishou shares fall to near five-week low after livestreaming cyberattack
The closest rival to TikTok’s Chinese version Douyin on Tuesday...
South Korea online retailer Coupang faces US securities class action over massive data breach
The lawsuit, filed last week in federal court in California, claims...
CMA CGM says its ship lost 44 containers in tough weather
“No injury to the crew has been reported, no pollution, no strong damage to the vessel which remains fully seaworthy,” the company said, adding that 33 additional containers had been damaged French shipping and logistics company CMA CGM said on Thursday that its ship...
Global reserve managers upbeat on growth but worry about politics
But 87% of the reserve managers surveyed flagged further escalation in geopolitical conflicts as the biggest threat to this benign outcome, and 41% said they are diversifying their investments more across regions and currencies fearing an escalation of tensions...
US insurers may take a hit of about $2.7 billion from damage caused by Hurricane Beryl
Triggered a record $44 million payout to the nation of Grenada from a regional catastrophe insurance fund Insurers in the United States may take a hit of about $2.7 billion from damage caused by Hurricane Beryl, catastrophe modeling company Karen Clark & Co (KCC)...
Generic-Viagra safety called into doubt after FDA finds false data by an Indian company
Data from the researcher, Synapse Labs Pvt. Ltd., may have been used in hundreds of drugs, which remain available for sale on pharmacy shelves and in Americans’ medicine cabinets Generic versions of erectile dysfunction drugs Viagra and Cialis, among other...
EU markets watchdog signals a hard line on new ESG disclosures
The European Securities and Markets Authority acknowledged that complying with the new European Sustainability Reporting Standards creates “challenges” for companies, and the first reports, due next year for the largest firms, will constitute a “milestone in the...
Flooding In Northern Bangladesh displaces 40,000 people
“Heavy rains in the Indian upstream region mean that the suffering is far from over. We have taken measures to cope with the situation,” said Rezwanul Rahman, the head of Bangladesh’s disaster management department. Flooding in Bangladesh has swept away homes and shut...
June warmest on record every month since July 2023 breached 1.5 deg C threshold
This was also the 13th consecutive month of record-high temperatures, driven by the 2023-24 El Niño event and human-caused climate change. A similar streak occurred in 2015-2016 New Delhi: With millions experiencing scorching heat last month, the European Union's...
Zimbabwe receives $31.8 mln drought insurance from African Risk Capacity
The money from African Risk Capacity is expected to benefit 509,000 households. The government directly received a payment of $16.8 million Zimbabwe received $31.8 million from African Risk Capacity, an arm of the African Union, as part of an insurance payout for the...
Insurers fret over militant attacks, AI hacks at Paris Olympics
German insurer Allianz is insurance partner for the Games. Other insurers, such as the Lloyd's of London market, are also providing cover. “We are all aware of the geopolitical situation the world is in,” said Eike Buergel, head of Allianz's Olympic and Paralympic...
Singapore Reinsurers’ Association announces new executive committee for 2024-2025,unveils its new logo
The new members of the SRA are-Cindy Foo from Berkley Insurance Company, Emma Loynes, Lloyd’s of London (Asia),Mukul Kishore, SCOR Reinsurance Asia-Pacific Pte Ltd and Victor Kuk,Swiss Re Asia Pte Ltd Singapore: The Singapore Reinsurers’ Association (SRA) in its...