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SCOR and AXA jointly to launch Lloyd’s consortium for ecological restoration insurance
Jean-Paul Conoscente, CEO of SCOR P&C, commented: “Restore...
Korean Re launches operations in India’s GIFT City
JG Won, President & CEO, Korean Re, announcing the launch of...
AI driving direct shifts in global insurance industry, says Swiss Re
Global insurance premiums are set to grow by 2.3% in real terms in 2026 and 2027. The non-life sector is forecast to see global real premium growth easing to 1.7% before recovering to 2.5% in 2027. For insurers, it means more opportunities in engineering, property and...
Red Sea Crisis: Google and Meta delay undersea cable projects
The southern Red Sea segment of 2Africa hasn’t yet been built due to a “range of operational factors, regulatory concerns, and geopolitical risk,” said a spokesperson for Meta, which leads a consortium of telecom companies developing the cable. Multiple subsea...
No firm is immune if AI bubble bursts, Google CEO tells BBC
Alphabet Chief Executive Sundar Pichai said in an interview with the BBC published on Tuesday that the current wave of AI investment was an “extraordinary moment” but acknowledged “elements of irrationality” in the market, echoing warnings of “irrational exuberance”...
Cloudflare outage hits X and several digital platforms globally, including India
Cloudflare confirmed in its initial update that it was “aware of, and investigating an issue which potentially impacts multiple customers”, though it did not share a cause or a timeline for a fix. New Delhi: A worldwide outage at the network of cybersecurity firm...
Ukrainian attack halts oil exports from Russia’s Novo, affecting 2% of global supply, sources say
The attack was one of the biggest on Russian oil-exporting infrastructure in recent months. It follows a ramping-up of Ukrainian strikes on Russian oil refineries since August, part of an attempt by Kyiv to degrade Moscow's ability to finance its war MOSCOW: Russia's...
India,China driving air traffic growth in Asia Pacific region: AAPA DG
The Asia Pacific region is projected to require 19,560 new narrow-body and wide-body planes over the next 20 years, majorly driven by demand from India and China, aircraft maker Airbus said on Saturday Bangkok: India and China are driving air traffic growth in the...
Airlines need to be properly rewarded says,IATA chief amid supply chain woes
The global aviation industry has been grappling with supply chain issues, especially after the pandemic, resulting in delayed aircraft deliveries even as airlines are looking to expand their fleets to meet rising passenger traffic demand Bangkok: With supply chain...
Tesla requires suppliers to avoid China-made parts for US cars, WSJ reports
Executives have struggled with fluctuating tariffs in the U.S.-China trade dispute, complicating pricing strategies, the Journal added. Tesla is now requiring its suppliers to exclude China-made components in the manufacturing of its cars in the United States, the...
World’s first impact bond on weather and climate data opens for contributions
“This Impact Bond will increase internationally shared data five-fold, strengthening the world’s ability to forecast and prepare for extreme weather and climate hazards. Studies show that closing the data gap could generate USD 5 billion in direct annual benefits and...
Performance Reviews by AI: What Could Go Wrong?
Bringing AI into annual assessments can save managers time, and even result in more useful feedback than employees get from human bosses alone, executives and management experts say. Yet they caution that outsourcing too much could turn reviews into AI workslop....