"Sustained increases in energy prices could increase risks for...
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Wildfires, storms, floods contribute to record 92% of global insured losses in 2025:Swiss Re
``According to our modelled peak-loss scenario, insured losses...
Gulf banks face $307 billion deposit flight risk if war worsens, S&P says
An S&P report said it had seen no evidence of major outflows of...
Apple unfairly fired an employee for making racist comments, says UK judge
The UK’s legal regime encourages employers to aim for a zero tolerance of race discrimination, which can attract the most severe punishment for any breach. Apple must clearly set out a zero-tolerance policy and the consequences of its violation in order to implement...
WHO, scientists call for urgent action on mpox strain
Mpox is a viral infection that spreads through close contact, causing flu-like symptoms and pus-filled lesions. Most cases are mild, but it can kill The spread of mpox in Africa needs to be addressed urgently, the World Health Organization said on Tuesday, as...
Korean explosion raises concerns over battery safety
Battery-related fires have also posed greater risks in recent years as countries pivot away from fossil fuels and expand the use of clean energy and vehicles. The growing demand has increased the number of battery producers around the globe, with fires breaking out...
With new technology cybercrime crews increasingly turning to more sinister techniques for ransom
Tactics like leaking sensitive records and double-hacks aren’t completely new, but have become more common and represent an evolution from traditional ransomware attacks, when scammers simply would encrypt data, demand a payment and then move to the next victim A hack...
14 people killed in landslides, floods and lightning incidents in Nepal
"We recorded a total of 44 incidents on June 26, 2024. In those incidents 14 people have lost their lives, 8 are due to landslide, 5 due to lightning and 1 in flooding. 2 people are still unaccounted for in the incident of landslide while 10 people have sustained...
Finland plans to offer preemptive bird flu vaccination to some workers with exposure to animals
The H5N1 strain of bird flu has killed or caused the culling of hundreds of millions of poultry globally in recent years and has increasingly been spreading to mammals, including cows in the United States and, in some cases, also to humans Finland plans to offer...
Issuance of cat bonds set to hit a record this year
Catastrophe bonds are generally issued by insurers looking to pass a chunk of their risk over to capital markets. Issuance has picked up lately, with factors including climate change, population density and inflation adding to the potential losses that insurers face....
Cyberattack plunges US auto retail industry into disarry
The outage impacting CDK's dealer management system, used to complete deals, track store profitability and monitor employee compensation, has "plunged the auto retail industry into disarray", JPMorgan analysts said last week U.S. auto dealers grappled with an ongoing...
Blaze at South Korea lithium battery plant kills 22 workers
South Korea has made efforts to improve its safety record after several past accidents, many of which have been blamed on negligence. Each year dozens of workers are killed in industrial accidents, which prompted parliament to pass a law aimed at punishing the...
Birth rates halve in richer countries as costs weigh, OECD report says
Particularly low total fertility rates were measured in Korea, at 0.7 and Italy and Spain, each with 1.2 children per woman. The highest were in Israel on 2.9, followed by Mexico and France, each with 1.8.The average age of women giving birth rose from 28.6 in 2000 to...