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Adam Sullivan appointed CEO of Asia for Gallagher Specialty
Adam Sullivan,CEO,Specialty,Asia SINGAPORE: Gallagher today...
Indian crew world’s most abandoned seafarers in 2025, union figures show
Seafarer abandonment is defined by the International Maritime...
European leaders campaign against Forever Chemicals
“Chemical pollution is a widespread problem in Europe but there are also significant opportunities to improve the situation.We should manage the risks of chemicals in groups, promote chemicals that are safe and sustainable by design, and phase out the most harmful...
Fed holds rates steady, says more confidence needed in inflation slowdown
"The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward two per cent," the Fed said on Wednesday in a statement after the meeting of the Federal Open Market...
Microsoft warns other firms of Russian-sponsored group in email hacking
The hackers — a group known as Midnight Blizzard or Cozy Bear — have been identified by Microsoft’s Threat Intelligence team as the same cyber-espionage group that “has been targeting other organizations,” according to the blog post from Microsoft Microsoft Corp. said...
IMF forecasts ‘soft landing’ for global economy, upgrades India
"Growth in India is projected to remain strong at 6.5 per cent in both 2024 and 2025, with an upgrade from October of 0.2 percentage point for both years, reflecting resilience in domestic demand." Washington: The International Monetary Fund (IMF) on Tuesday forecast...
Banks and insurers to lose reprieve from EU’s toughest ESG rule
The European Parliament and the European Council are moving toward an agreement that banks, asset managers and insurers should be viewed in the same way as other companies when it comes to ensuring that their value chains aren’t subject to environmental or human...
HDI Global adopts generative AI with proprietary GPT system
"With HDI-GPT we are for the first time looking to generative AI for the transformation of core insurance processes and for workflow optimisation," Dr Thomas Kuhnt, Chief Operating Officer at HDI Global SE Hannover: Creating added value through artificial intelligence...
Toyota warns 50,000 vehicle owners to stop driving, get immediate repairs
More than 30 deaths worldwide, including 26 U.S. deaths, and hundreds of injuries in various automakers' vehicles since 2009 are linked to Takata air bag inflators that can explode, unleashing metal shrapnel inside cars and trucks Washington: Toyota Motor said on...
Musk’s Neuralink implants brain chip in first human
Elon Musk ``Neuralink’s first product would be called Telepathy. It will enable “control of your phone or computer, and through them almost any device, just by thinking. The product’s initial users will be people who have lost the use of their limbs. Imagine if...
Italian regulator notifies OpenAI about violating Europe’s privacy laws
Confirmed breaches of the pan-EU regime can attract fines of up to 20 million euros, or up to 4 per cent of global annual turnover, reports TechCrunch London: The Italian regulator on Monday notified Sam Altman-run OpenAI about breaching European data privacy law,...
Howden launches first-of-its-kind carbon capture and storage insurance facility
The insurance facility, designed by Howden and led by SCOR’s syndicate at Lloyd’s, provides cover for environmental damage and loss of revenue arising from the sudden or gradual leakage of CO2 from CCS projects into the air, land and water London: Howden today...