The carmaker explained that it is still carrying out a forensic...
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US calls on G7, EU to impose tariffs on China, India over Russian oil purchases
A U.S. Treasury spokesperson called on G7 and European Union allies...
US sues Uber, alleges discrimination against disabled riders
“Uber’s discriminatory conduct has caused significant economic,...
134 countries sign declaration to address global emissions, protect farmer lives
The 134 signatory countries to the Declaration are home to over 5.7 billion people and almost 500 million farmers, produce 70 per cent of the food, and are responsible for 76 percent all emissions from global food systems or 25 per cent of total emissions globally...
Red Sea attacks on ships spark safety concerns for sailors
An attempted hijacking of a commercial vessel in the Gulf of Aden on Sunday appears to have been carried out by armed Somali pirates and not Yemeni Houthis, despite the firing of missiles from Houthi-controlled territory in Yemen afterwards Commercial ships face...
Climate change is the biggest human health risk, says Africa’s disease boss
Jean Kaseya, director general of the Africa Centres for Disease Control and Prevention The threat of "a climate change-related disease becoming a pandemic and coming from Africa" was what keeps Jean Kaseya, the director general of the Africa Centres for Disease...
UBS sees shift in new billionaires away from entrepreneurs to inherited wealth
"This is a theme we expect to see more of over the next 20 years, as more than 1,000 billionaires pass an estimated $5.2 trillion to their children," said Benjamin Cavalli, head of strategic clients at UBS Global Wealth Management Number of billionaires rose by 7% to...
UK health insurance rates to soar on surging claims-industry experts
British individual and workplace health insurers paid out a record of nearly three billion pounds ($3.74 billion) for claims in 2022, an ABI spokesperson said. Employers are enthusiastic about offering health cover, as delayed treatment can lead to sickness and...
Finance and insurance sector jobs most affected by adoption of AI:UK Report
Management consultants were singled out as the occupation most exposed to any of the 10 AI applications included in the study, from image recognition to language modeling or translation. The technology is most likely to transform professional roles such as lawyers,...
First bond to insure against cyber attacks issued
Long Walk Reinsurance Ltd. issued a $75 million so-called cat bond, sponsored by AXIS Capital, to insure against “a cyber-catastrophe event” across its main underwriting units, the Bermuda-based firm said Tuesday. “We expect this transaction will serve as a template...
After Munger’s death, Berkshire succession comes into focus
Ajit Jain,Vice Chairman, Insurance Operations, Berkshire Hathaway Charlie Munger's death, on Tuesday, leaves Berkshire Vice Chairmen Greg Abel and Ajit Jain, who respectively oversee its non-insurance and insurance businesses, as the 93-year-old Warren Buffett's top...
‘China slows, India grows’: S&P pegs 7% GDP growth for India by 2026
In a report titled 'China Slows India Grows', S&P said it expects Asia-Pacific's growth engine to shift from China to South and Southeast Asia. New Delhi: India's GDP growth rate will rise to 7 per cent by 2026 compared to 4.6 per cent for China, S&P Global...
Allianz and Dutch development bank back $1.1 bln sustainable loans fund
The fund will co-invest in a portfolio of about 100 loans targeting the energy, financial and agribusiness sectors to help developing countries meet three SDGs – boosting economic growth, equality, and fighting climate change Allianz Global Investors and Dutch...