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South Korea issues first emergency heatwave warning under new rating system
The new warning system was introduced to better deal with a rising...
Apple sues OpenAI, two former employees for trade secrets theft
The lawsuit sets up a battle over who will control future AI...
Willis and Global Parametrics deliver first payout to coffee farmers in Vietnam hit by heavy rainfall
In late 2025, Willis placed the high rainfall parametric solution with Bao Minh Insurance Corporation in Vietnam, protecting coffee farmers’ revenue against a loss of yield due to excessive rainfall during the ‘golden’ harvesting period. The solution uses satellite...
Munich Re appoints Gavin Maistry as its chief executive for Life and Health, Asia Pacific, Middle East and Africa
Gavin Maistry, chief executive-designate,Life and Health Asia Pacific, Middle East and Africa, Munich Re In his new role, Gavin Maistry will oversee approximately 600 professionals across 16 branches and representative offices, serving over 600 clients in APAC MEA. In...
Coal pollution dims global solar power output
The effect is most pronounced when solar facilities are located next to coal plants. In China, the world’s largest producer of solar power and coal, aerosols slashed photovoltaic output by 7.7%, with scientists attributing nearly a third of the decline to coal-fired...
World Bank launches $200 million Jamaica Cat Bond
For cat bond investors, “current signals point to lower activity and losses in the Gulf, but relatively higher risk in the South- and Northeast, especially for stronger events,” Schroders said in a recent note. “This creates scope for portfolio repositioning ahead of...
Iran war tests UAE’s safe-haven image
The UAE, a close ally of the United States and Israel, faced more missile and drone attacks from Iran during the war than any other country. The attacks — and Iran’s chokehold on the Strait of Hormuz — have more than halved the Emirates’ exports of crude oil and...
Iran imposes checks, fees in Hormuz
New Delhi uses its embassy in Tehran to liaise with Iranian authorities, including the IRGC and the Iranian navy, which vets ships India wants to sail out of the Gulf, according to an Indian shipping ministry official. For many vessels, the route out of the Gulf and...
Insurers should treat hantavirus as a risk requiring case-specific attention, not as a systemic shock factor
Unlike COVID-19 or seasonal influenza, there is no risk of systemic accumulation or correlation among insured populations. There is also no evidence of sustained super spreading dynamics comparable to airborne respiratory viruses, explained SCOR.. Paris: Hantavirus...
Anthropic to let partners share Mythos cybersecurity findings with others
Mythos’ capabilities to code at a high level have given it a potentially unprecedented ability to identify cybersecurity vulnerabilities and devise ways to exploit them, according to experts. Anthropic said on Monday it is revising its earlier position to allow users...
FAA says it failed to address warning signals before fatal 2025 Washington D.C. collision
The National Transportation Safety Board determined the collision was caused by the FAA’s decision to allow helicopters to travel close to the airport without safeguards to separate them from airplanes, and its failure to review data and act on recommendations to move...
EU to force companies to buy components from non-Chinese suppliers, FT reports
Under the new legislation companies would be limited to buying about 30% to 40% of components from a single supplier and would have to source the rest from at least three different suppliers not coming from the same country, the FT said. The European Union is...