The Japanese general insurance market is projected to grow from...
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Turkish ports asking ships to declare they are not linked to Israel, shipping sources say
The guarantee letter should state that vessel owners, managers, and...
Europe’s wildfires burned the most land in nearly 20 yrs
Fire activity has surged in recent weeks as another blast of...
Aviation lessor settlements with Russia over trapped planes
Lessors have been suing dozens of insurers over losses of at least $8 billion over the trapped planes, with vast court trials scheduled in Dublin in June and London in October. Some are also being heard in U.S. states Aircraft leasing firms have secured settlements...
Boeing is sued by shareholders following MAX 9 blowout
According to a proposed class action filed on Tuesday, Boeing spent more than four years after the Oct. 2018 and March 2019 crashes of two other MAX planes, which killed 346 people, assuring investors that it was “laser-focused” on safety and would not sacrifice...
European leaders campaign against Forever Chemicals
“Chemical pollution is a widespread problem in Europe but there are also significant opportunities to improve the situation.We should manage the risks of chemicals in groups, promote chemicals that are safe and sustainable by design, and phase out the most harmful...
Fed holds rates steady, says more confidence needed in inflation slowdown
"The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward two per cent," the Fed said on Wednesday in a statement after the meeting of the Federal Open Market...
Microsoft warns other firms of Russian-sponsored group in email hacking
The hackers — a group known as Midnight Blizzard or Cozy Bear — have been identified by Microsoft’s Threat Intelligence team as the same cyber-espionage group that “has been targeting other organizations,” according to the blog post from Microsoft Microsoft Corp. said...
IMF forecasts ‘soft landing’ for global economy, upgrades India
"Growth in India is projected to remain strong at 6.5 per cent in both 2024 and 2025, with an upgrade from October of 0.2 percentage point for both years, reflecting resilience in domestic demand." Washington: The International Monetary Fund (IMF) on Tuesday forecast...
Banks and insurers to lose reprieve from EU’s toughest ESG rule
The European Parliament and the European Council are moving toward an agreement that banks, asset managers and insurers should be viewed in the same way as other companies when it comes to ensuring that their value chains aren’t subject to environmental or human...
HDI Global adopts generative AI with proprietary GPT system
"With HDI-GPT we are for the first time looking to generative AI for the transformation of core insurance processes and for workflow optimisation," Dr Thomas Kuhnt, Chief Operating Officer at HDI Global SE Hannover: Creating added value through artificial intelligence...
Toyota warns 50,000 vehicle owners to stop driving, get immediate repairs
More than 30 deaths worldwide, including 26 U.S. deaths, and hundreds of injuries in various automakers' vehicles since 2009 are linked to Takata air bag inflators that can explode, unleashing metal shrapnel inside cars and trucks Washington: Toyota Motor said on...
Musk’s Neuralink implants brain chip in first human
Elon Musk ``Neuralink’s first product would be called Telepathy. It will enable “control of your phone or computer, and through them almost any device, just by thinking. The product’s initial users will be people who have lost the use of their limbs. Imagine if...