The claim alleges that the floods, which closed the Prospecton...
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Iranian parliament approves a measure to close Strait of Hormuz
Around 20% of global oil and gas flows through Strait of Hormuz....
US airlines at greater risk as global carriers bypass Middle East after attacks on Iran
Airlines continued to avoid large parts of the Middle East due to...
Regulators are trying to stop greenwashing before it gets worse
The Australian Competition & Consumer Commission (ACCC) lists sustainability communication among its key priorities, and in Italy an oil company was fined €5 million for calling its diesel “green.” The US Federal Trade Commission (FTC) is currently updating its...
‘Radical reorientation’ needed as half of humanity lacks basic health coverage
“The fact that so many people cannot benefit from affordable, quality, essential health services not only puts their own health at risk, it also puts the stability of communities, societies and economies at risk,” said Tedros Adhanom Ghebreyesus, WHO Director-General...
Hong Kong 1-in-500 yr flood likely to have an earnings impact, may further pressure reinsurance renewals
The impact on reinsurance pricing, which is already elevated, could make it too costly for some smaller companies. Offsetting factors include lower inflation in East Asia as compared with many other parts of the world, and supply chain normalization, which continues...
Blockchain analysts suspect North Korea-linked hackers behind $70 million crypto theft
CoinEx, which says it is based in Hong Kong, said on Tuesday on social media platform X, formerly known as Twitter, that wallets used to store the exchange’s crypto assets had been hacked. It said on Friday it estimates its losses at $70 million, which it said is a...
Zurich and KPMG collaborate to provide comprehensive climate change advisory services
In this evolving environment, it is increasingly important that businesses address both physical climate risks and transition risks. Transition risks include policy changes, reputational impacts, and shifts in market preferences, norms and technology The offering is...
UK focuses on transparency and access with new AI principles
CMA Chief Executive Sarah Cardell said on Monday there was real potential for the technology to turbocharge productivity and make millions of everyday tasks easier – but a positive future could not be taken for granted Britain set out principles designed to prevent...
Hundreds of flying taxis to be made in Ohio, home of the Wright brothers and astronaut legends
Around the world, electric vertical takeoff and landing, or eVTOL aircraft are entering the mainstream, though questions remain about noise levels and charging demands Still, developers say the planes are nearing the day when they will provide a wide-scale alternative...
A massive $188 bn exodus shows China’s heft fading in world markets
“China risks are several – LGFV, housing stock overhang, demographics, dependency ratio, regulatory volatility, geopolitical isolation,” said Gaurav Pantankar, chief investment officer at MercedCERA, which oversees approximately $1.1 billion of assets in the US A...
Apple disputes French findings, says iPhone 12 meets radiation rules
The French move raised the prospect of further bans in Europe. Germany’s network regulator BNetzA said it might launch similar proceedings and was in close contact with French authorities, while Spain’s OCU consumers’ group urged authorities there to halt the sales of...
Shell says its Australian BG Group business hit by MOVEit breach
A number of businesses globally have lately been affected by a cybersecurity breach on the software tool MOVEit that is typically used to transfer large amounts of often sensitive data including pension information and social security numbers Shell Plc said on Friday...