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Brokerslink appoints Tushar Thakker as its new regional manager for APAC region
The new Steering Team for Asia Pacific includes- Tony Lim, CEO of...
Aon names Anshuman Srivastava as Reinsurance Global Chief Broking Officer
“As we navigate an evolving reinsurance landscape, our clients are...
Higher shipping freight rates to offset costs of re-routing from Suez:Fitch
The Red Sea disruptions amplify the impact on global trade from the Panama Canal congestion, caused by drought conditions that have almost halved the number of vessels using the waterway. Bulkers carrying agricultural commodities and tankers are most affected by the...
London mayor says Brexit has cost UK over $178 billion so far
Britain's National Institute of Economic and Social Research (NIESR) estimated in November that Brexit had reduced the size of the economy by 2%-3%, with the impact expected to rise to 5%-6% by 2035 LONDON: Britain's departure from the European Union has reduced the...
IMF says global economy to stay ‘resilient’ in 2024 but grow too slowly
IMF spokesperson Julie Kozack told a news briefing that the global economy appeared headed for a "soft landing" with inflation subsiding and labor markets resilient, but low-income countries could still fall further behind. Washington: Global economic growth will...
US SEC approves bitcoin ETFs in watershed for crypto market
Standard Chartered analysts this week said the ETFs could draw $50 billion to $100 billion this year alone. Other analysts have said inflows will be closer to $55 billion over five years WASHINGTON/NEW YORK: The U.S. securities regulator on Wednesday approved the...
U.S. SEC account hack renews spotlight on X’s security concerns
Accounts on X, formerly known as Twitter, can be hijacked by stealing passwords or tricking targets into giving up their login credentials, just like on any other social media platform The hack of the U.S. Securities and Exchange Commission’s official account on X on...
Nearly 10,000 died from COVID-19 last month, Fueled by holiday gatherings and new variant, WHO Says
Tedros Adhanom Ghebreyesus, director general, WHO, said nearly 10,000 deaths were reported in December, while hospital admissions during the month jumped 42% in nearly 50 countries mostly in Europe and the Americas that shared such trend information Geneva: The head...
Alaska incident: ‘Our mistake’, Boeing CEO vows transparency
Dave Calhoun, Chief Executive,Boeing U.S. regulators with the Federal Aviation Administration have grounded 171 737 MAX 9 planes with the same configuration as the Alaska Airlines jet Boeing Chief Executive Dave Calhoun took responsibility for a near-catastrophic...
Italy’s Generali pays $108 million for full control of its Chinese JV
It is the first instance in which a foreign insurer has acquired a controlling stake in a property/casualty insurer in China from a single state-owned entity through a public auction, Generali said Italy’s biggest insurer Generali on Wednesday said it would acquire...
Misinformation biggest immediate risk for India world extreme weather top long-term threat WEF study
On a short-term horizon of two years, the report identified 'misinformation and disinformation' as the biggest risk, followed by extreme weather events, societal polarisation, cyber insecurity and inter-state armed conflict in the top five LONDON: With close to 300...
Biden administration to unveil contractor rule that could upend gig economy
The rule replaces a Trump administration regulation that said workers who own their own businesses or have the ability to work for competing companies, such as a driver who works for Uber and Lyft, can be treated as contractors. The administration of U.S. President...