London Heathrow Airport, Europe's busiest, said a technical issue...
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Howden to acquire Gravitas, to accelerate global Sport & Entertainment capabilities
This announcement follows Howden’s other recent Sport &...
Radian to acquire Inigo for $1.7 billion, to become a global multi-line specialty insurer
The company’s expansion into the Lloyd’s global specialty market...
UN adopts first global artificial intelligence resolution
The resolution is the latest in a series of initiatives - few of which carry teeth - by governments around the world to shape AI's development, amid fears it could be used to disrupt democratic processes, turbocharge fraud or lead to dramatic job losses, among other...
Apple, Meta, Google set to face EU Digital Markets Act probes, sources say
Digital Markets Act breaches could cost the companies as much as 10% of their global annual turnover. The landmark EU tech rule requires the companies to give users and rivals more choices to ensure a level playing field Apple, Meta Platforms and Alphabet's Google are...
US sues Apple, alleging it illegally monopolized the smartphone market
The Justice Department said Apple charges as much as $1,599 for an iPhone and makes larger profits than any others in the industry. Officials also said that Apple charges various business partners — from software developers to credit card companies and even its rivals...
Hackers carrying out disruptive attacks on water systems: US
In a letter released Tuesday, National Security Advisor Jake Sullivan and Environmental Protection Agency Administrator Michael Regan warned that “disabling cyberattacks are striking water and wastewater systems throughout the United States.” The letter singled out...
French competition watchdog hits Google with 250 mln euro fine
The watchdog said Google's AI-powered chatbot Bard - since rebranded under the name Gemini - was trained on content from publishers and news agencies, without notifying them. Google has pledged not to contest the facts as part of settlement proceedings, the watchdog...
Records smashed – new WMO climate report confirms 2023 hottest so far
Celeste Saulo (centre), Secretary-General of the World Meteorological Organization (WMO) at the launch of the State of the Global Climate 2023 report on Tuesday From 2021 to 2022, global climate-related finance flows nearly doubled compared to 2019-2020 levels,...
Health and safety overtaking cyber as top risk for APAC directors and officers: WTW survey
“The responsibilities incumbent upon directors and officers in APAC continue to evolve and become more nuanced, with aspects, such as employee safety, ESG-related obligations and cybersecurity-related pressures to be cognisant of. All set with a backdrop of...
Lloyd’s and UNCDF to run parametric insurance training in climate vulnerable countries
Initially focussing on building and scaling solutions across Fiji and the Pacific Islands, the partnership will also seek to replicate the model in other regions, including Asia and parts of Africa London: Lloyd’s, the world’s leading marketplace for insurance and...
Bangladesh, Pakistan and India bottom in air quality rankings in 2023, data shows
Average concentrations of PM2.5 - small airborne particles that damage the lungs - reached 79.9 micrograms per cubic metre in Bangladesh in 2023, and 73.7 micrograms in Pakistan. The WHO recommends no more than 5 micrograms Singapore: Pakistan remained one of the...
India’s navy takes control of bulk carrier hijacked by Somali pirates and evacuates crew
Activity from Somali pirates has dropped in recent years, but there has been growing concern it could resume amid the political uncertainty and wider chaos in the region that has included attacks on ships by Yemen’s Houthi rebels New Delhi: The Indian navy said late...