Packing winds of 215 kph (134 mph) and gusts of up to 295 kph (160...
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Walter Voigts-von Forster to lead Munich Re Africa Branch
Walter Voigts-von Forster, CEO-designate, Munich Re Africa Branch...
Cyberattack disrupts check-in systems at major European airports
London Heathrow Airport, Europe's busiest, said a technical issue...
Toyota’s Daihatsu to halt all vehicle shipments, in widening safety scandal
The investigation found that the airbag control units used by Daihatsu in airbag tests for some models were different from the ones used in cars sold to the public, including Toyota’s Town Ace and Pixis Joy models and the Mazda Bongo. Toyota Motor’s Daihatsu unit will...
WHO classifies ‘low’ risk JN.1 coronavirus strain as ‘variant of interest’
The United Nations agency said current vaccines continue to protect against severe disease and death from JN.1 and other circulating variants of the COVID-19 virus Geneva: The World Health Organization (WHO) on Tuesday classified the JN.1 coronavirus strain as a...
China’s magnitude-6.2 earthquake kills over 100 in impoverished northwest
About 400 people were injured, thousands of buildings collapsed and some infrastructure were damaged, according to state media Beijing: Chinese leader Xi Jinping called for efforts to minimize casualties after an impoverished region in the northwest was hit by an...
Ebix files for Chapter 11 Bankruptcy, company’s nearly 200 non-US affiliates not included
Ebix has a tie-up with India's BSE for an insurance broking company, BSE Ebix Insurance Broking Private Limited. Ebix holds 40 per cent in the broking unit Insurance software firm and short seller target Ebix Inc. promoted by Indian-American Robin Raina-led technology...
More reinsurers will enter the Cyber Market in 2024, predicts New CyberCube Report
While there will be an increase in the frequency of cyber attacks fueled by the proliferation of Artificial Intelligence (AI), the insurance sector will work more closely with SMEs to address their needs. LONDON: Traditional reinsurance companies will start offering...
Lloyd’s of London extends lease on iconic building until 2035
The deal with landlord Ping An Insurance Group, which came together on Friday, not only grants Lloyd’s an option to stay in the Richard Rogers-designed high-rise until 2040, but also involves a commitment to invest in reducing the Grade I-listed building’s energy...
Britain’s National Grid drops China-based supplier over cyber security fears – FT
The decision came in April after the utility sought advice from the National Cyber Security Centre, a branch of the nation’s signals intelligence agency GCHQ, the newspaper quoted a Whitehall official as saying Britain’s National Grid has started removing components...
London marine insurers widen high risk zone in Red Sea as attacks surge
Iranian-backed Houthi militants in Yemen have stepped up attacks on vessels in the Red Sea to show their support for Palestinian Islamist group Hamas fighting Israel in Gaza London: London’s marine insurance market has widened the area in the Red Sea it deems as high...
US news publisher sues Google for ‘siphoning off’ ad revenue via AI tech
The lawsuit claimed that Google's recent advances in AI-based search were implemented with "the goal of discouraging end-users from visiting the websites of Class members who are part of the digital news and publishing line of commerce." A US-based news publisher has...
China issues draft plan for data security incidents
The plan, which is currently soliciting opinions from the public, proposes a four-tier, colour-coded system depending on the degree of harm inflicted upon national security, a company's online and information network, or the running of the economy Beijing: China on...