Asia-focused ILS vehicle exceeds $100m milestone as insurer signals...
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Swiss bar’s owners face criminal negligence probe after fire
The fire, which may have been caused by sparklers igniting the...
Investors face more geopolitical whiplash from Trump’s Venezuela gamble
President Donald Trump "The events are a reminder that geopolitical...
Malayan Insurance enhances Natural Catastrophe Analytics with Moody’s RMS Risk Modeler
Andrew Hare, managing director, APAC, Moody’s RMS, said: “We are delighted to partner with Malayan Insurance as they adopt Risk Modeler. In navigating the complexities of a rapidly evolving market, (re)insurers require deep insights that offer faster analytics, deeper...
European regulators crack down on Big Tech
The tech giants have been preparing ahead of a Wednesday deadline to comply with a new European Union law intended to increase competition in the digital economy. The law, called the Digital Markets Act, requires the biggest tech companies to overhaul how some of...
Apple fined nearly USD 2 billion by the European Union over music streaming competition
Apple banned app developers from ''fully informing iOS users about alternative and cheaper music subscription services outside of the app'', said the European Commission, the 27-nation bloc's executive arm and top antitrust enforcer The European Union levelled its...
US FAA says Boeing 737 MAX production audit found compliance issues
The audit was prompted by a Jan. 5 mid-air emergency involving a new Alaska Airlines 737 MAX 9 that lost a door plug at 16,000 feet (4,877 meters). The FAA previously barred Boeing from expanding 737 production The Federal Aviation Administration on Monday said the...
War risk insurance premium through Red Sea remained stable despite the sinking of the cargo ship
Insurance industry sources said that war risk premiums being quoted for Red Sea voyages had remained around 1% of the value of a ship for some weeks – compared with around 0.5% before the attacks started – with various discounts applied by underwriters The cost of war...
IAEA launches body composition database to combat worldwide obesity challenges
According to the World Health Organization (WHO), worldwide obesity has nearly tripled since 1975. Around 800 million adults worldwide are living with obesity and the number of children living with obesity is expected to reach 250 million by 2030 Obesity is now rising...
Malaysia may renew search for lost MH370 decade after it vanished
MH370 vanished on March 8, 2014, on its way to Beijing from Kuala Lumpur with 239 people on board. Investigators concluded the plane deliberately left its planned flightpath, looped back over Malaysia and headed out to sea Malaysian authorities are considering...
UN chief appeals for greater support for small islands fighting climate change
“We must have stronger support from the international community - what we call climate justice - which means adequate financing at low cost, quickly decided, in order to allow for all these works that we have been seeing to protect the island against the sea, and...
Strong GDP growth, weak monsoon drove up India’s energy-related carbon emissions in 2023: IEA
''In India, strong GDP growth drove up emissions by around 190 Mt. But a weak monsoon increased demand for electricity and cut hydro production, contributing around one-quarter of the increase in its total emissions in 2023. Per capita emissions in India remain far...
Only grain ships from Black Sea and for Iran still crossing Red Sea
“Just about all (dry bulk grain) vessels going from the Americas and western Europe are avoiding the Red Sea, the only exception is vessels going to Iran, they’re still taking the Red Sea route when shorter.All vessels we are tracking going from the Black Sea to Asia...