The success of Ant Group Co., the operator of China’s ubiquitous...
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Trump sues BBC for up to $10 billion in damages over speech edit
Trump, in his lawsuit filed on Monday in Miami federal court, said...
Fifth La Niña in 6 yrs to disrupt crops and supply chains
The La Niña phenomenon is often linked with droughts in California,...
Russian charter flight with 6 people disappears over Afghanistan; crash reported
Russian aviation authorities said in a statement the plane was a charter ambulance flight traveling from India, via Uzbekistan to Moscow on a French-made Dassault Falcon 10 jet manufactured in 1978 Russian aviation authorities said on Sunday a Russian-registered...
Zuckerberg’s firms fined $2.8bn for wrongful user data processing in last 4 yrs: Report
Mark Zuckerberg, CEO, Facebook "The fines levied on Meta are mainly based on the requirement for companies to store data in the country where it is collected rather than permitting unrestricted movement to global data centres," the report said New Delhi: Mark...
Traffic through the Panama Canal is being cut due to drought, disrupting global trade
On Wednesday, Panama Canal Administrator Ricaurte Vásquez said they would cut daily ship crossings to 24, after already gradually slashing crossings last year from 38 a day in normal times A severe drought that began last year has forced authorities to slash ship...
Russia allocates another $1.23 bln to company buying planes from Western lessors
Russia has allocated an additional 107.7 billion roubles ($1.23 billion) from its rainy day fund to a state company that has been purchasing aircraft from foreign lessors, the finance ministry said on Wednesday. The ministry said it had purchased bonds of NLK-Finance,...
France sees collapse in births to lowest since World War Two
The most common reasons people gave for not having more children were concerns about the economic, social and climatic outlook, cited by 30% of those polled. Some 28% said raising children cost too much PARIS: France saw the lowest number of births since World War Two...
China’s population drops for 2nd year, raises long-term growth concerns
The National Bureau of Statistics said the total number of people in China dropped by 2.75 million to 1.409 billion in 2023, a faster decline than in 2022, which was the first since 1961 during the Great Famine of the Mao Zedong era Beijing: China's population fell...
Climate change may claim 14.5 mn lives by 2050: WEF
Flooding alone is estimated to cause 8.5 million deaths by 2050, posing "the highest acute risk of climate-induced mortality", according to the study. Droughts, as the second leading cause of climate-related mortality, are forecast to claim 3.2 million lives. Heat...
Insurers seek to exclude US, UK Ships From Red Sea Coverage
“Underwriters are adding clauses saying no US, UK or Israeli involvement,” he said. “Just about everybody is putting something like that in, and many include the words ‘ownership’ or ‘interest’” War risk rates have gone into a frenzy in recent days following the US...
Japan revokes certification for 3 models of Daihatsu after safety scandal
The discovery in early 2023 that a half dozen models might be affected by manipulated test results ballooned into a full-blown scandal last month, when Daihatsu revealed that an internal probe found 174 irregularities across 64 cars dating back as far as 1989 Tokyo:...
Red Sea war insurance rises with more ships in firing line
Insurance industry sources said that war risk premiums had risen to around 1% of the value of a ship, from around 0.7% last week with various discounts applied by underwriters. They added that rates were expected to move higher War risk insurance premiums for...