Trump, in his lawsuit filed on Monday in Miami federal court, said...
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Fifth La Niña in 6 yrs to disrupt crops and supply chains
The La Niña phenomenon is often linked with droughts in California,...
Warren Buffett’s successor Greg Abel had steady rise at Berkshire
Greg Abel, CEO designate,Berkshire Hathaway Ajit Jain, 74, also a...
Apple warns of ‘mercenary spyware attack’ on users in India, 91 other countries
Mercenary spyware attacks are rare and vastly more sophisticated than regular cybercriminal activity or malware, according to the notification email. The iPhone-maker has sent threat notifications such as these multiple times a year since 2021, the notification email...
Europe’s wildfires in 2023 were among the worst this century, report says
Preliminary data for the first three months of 2024 show almost double the average number of fires, although these did not have major impact in terms of burnt areas According to the report, the wildfires produced some 20 megatonnes of CO2 emissions, equivalent to...
Boeing crisis of confidence deepens with 787 now under scrutiny
The latest allegations cast Boeing in an unfavorable light as it grapples with a crisis of confidence after the Jan. 5 panel blowout. While nobody on that flight was seriously hurt, the issue has put the spotlight on Boeing’s manufacturing and safety procedures and...
Super election year increases risks of political violence in many countries, warns Allianz
As unrest can now spread more quickly and widely, thanks in part to social media, financial costs from such events for companies and insurers are mounting. Economic and insured losses from just seven civil unrest incidents in recent years cost approximately US$13bn...
Fitch cuts China’s ratings outlook on growth risks
"The outlook revision reflects increasing risks to China's public finance outlook as the country contends with more uncertain economic prospects amid a transition away from property-reliant growth to what the government views as a more sustainable growth model," Fitch...
IDF announces plans to facilitate investments in resilient infrastructure in emerging markets
Philipp Hildebrand, Vice Chairman of BlackRock, said,``“BlackRock is delighted to partner with a group of our most strategic insurance investors to help advance their objective of building greater resilience against climate change and other natural disasters in...
Global trade growth to rebound this year; geopolitical tensions pose downside risks: WTO forecast
WTO Director-General Ngozi Okonjo-Iweala said, “We are making progress towards global trade recovery, thanks to resilient supply chains and a solid multilateral trading framework, which are vital for improving livelihoods and welfare New Delhi: The global trade growth...
US federal court orders Philips to restrict production of sleep apnea devices
The agreement followed the recall of millions of breathing devices and ventilators used to treat sleep apnea in 2021 because of concerns that foam used to reduce noise from the devices could degrade and become toxic, carrying potential cancer risks A US federal court...
Swiss women win landmark climate victory at human rights court
The Swiss government had violated the human right to a private and family life, by failing to put in place sufficient domestic policies to tackle climate change.This included a failure to quantify, through a carbon budget or otherwise, national greenhouse gas...
Global accounting rule ends leeway over operating profit
Banks and insurers will have to include interest, a key part of their business model, in their operating profit, which some already do London: Companies will have to publish standardized operating profit figures from 2027 under new requirements from a global...