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Ship carrying Iranian oil shifts course midway from India to China
The shift in destination of Pin Shun appears to be payment-related,...
Aon hires 2 professionals to build up its data center expertise
Stephen Fox has joined Aon as a Managing Director, focusing on the...
Central Europe flooding could cause billions in insurance losses, analysts say
According to re/insurance broker Gallagher Re's estimate, insured losses are likely to range between EUR 2.0 – 3.0 billion (USD 2.2 – 3.3 billion) The latest flooding in central Europe could cause economic losses ranging from several hundred million euros to billions,...
Exploding pagers in Lebanon spur theories on sabotage method
Deepa Kundur, professor of electrical and computer engineering at the University of Toronto, said she suspects it was a “supply chain deployment. In such an attack, the perpetrator would infiltrate the pager’s upstream supply chain to manufacture a critical component...
U.S. Fed slashed interest rates by half a point in its first cut since 2020, more expected
Fed Chair Jerome Powell Policymakers see the Fed's benchmark rate falling by another half of a percentage point by the end of this year, another full percentage point in 2025, and by a final half of a percentage point in 2026 to end in a 2.75%-3.00% range Washington:...
US files $100 million lawsuit against owner and operator of ship that destroyed Baltimore’s Key Bridge
“The Justice Department is committed to ensuring accountability for those responsible for the destruction of the Francis Scott Key Bridge, which resulted in the tragic deaths of six people and disrupted our country’s transportation and defense infrastructure,” said...
France uses tough, untested cybercrime law to target Telegram’s Durov
Pavel Durov, CEO, Telegram The so-called LOPMI law, enacted in January 2023, has placed France at the forefront of a group of nations taking a sterner stance on crime-ridden websites. But the law is so recent that prosecutors have yet to secure a conviction PARIS:...
Howden forays into Japanese captive consulting and management markets with acquisition of Foresight
Takuya Aibe as CEO of Howden Japan’s retail business Foresight is headquartered in Tokyo with 17 staff across six offices and a management team that have previously held senior roles at leading Japanese insurance companies; it manages captives for 13 large Japanese...
Lloyd’s of London plans overhaul of ‘unclear’ conduct rules
Lloyd’s also said it proposed a new category of misconduct aimed at those who mistreat witnesses and whistleblowers. Other categories of misconduct include dishonesty and bullying and harassment London: Lloyd’s of London said it plans to overhaul its rules on dealing...
Top EU privacy regulator opens probe into Google’s AI
Ireland’s Data Protection Commission (DPC), the lead EU regulator for most of the top U.S. internet firms due to the location of their EU operations in Ireland, said the probe concerned the Alphabet Inc unit’s Pathways Language Model 2 (PaLM 2) The top EU privacy...
Musk criticises Australia’s proposed `Misinformation Law’
Elon Musk, owner of social media platform X Australia’s Labor government unveiled legislation which could fine internet platforms up to 5% of their global revenue for enabling misinformation, joining a worldwide push to rein in borderless tech giants Elon Musk, owner...
Covid-19 continues cause excess mortality in US and UK, says Swiss Re
Report suggests potential excess mortality in the general population of up to 3% for the US by 2033 and 2.5% in the UK, the longest period of elevated peacetime excess mortality in the US. Key driver of excess mortality is the lingering impact of COVID-19; both as a...