The global in-service fleet will swell by 24,480 units to 49,210...
Category:
International News
Latest
Missiles, drones and proliferating conflict zones increasing burden on airline operations and profitability
Airlines are racking up costs and losing market share from canceled...
Insurers have to compensate for Russian seized aircrafts, rules UK Judge
The ruling relates to 147 planes and 16 engines that had insurance...
Insured losses from natural catastrophes set to top $100 billion in 2023
More than two-thirds of the insured losses were as a result of severe thunderstorms in the US. The 12-figure threshold is likely to be passed even though just $5 billion of the $40 billion in damages caused by the year’s most devastating event — the earthquake that...
Marsh agrees to acquire Honan Insurance Group, seeks to expand its presence in Australia and New Zealand
“The addition of Honan’s highly complementary capabilities, particularly in corporate risk and strata insurance, will enable Marsh to deepen the specialist expertise we provide to clients across Australia and New Zealand,” Nick Harris, chief executive officer of...
AI unlikely to destroy most jobs, but clerical workers at risk, ILO says
An explosion of interest in generative AI and its chatbot applications has sparked fears over job destruction, similar to those that emerged when the moving assembly line was introduced in the early 1900s and after mainframe computers in the 1950s. However, the study...
The FAA orders quick inspections of some Pratt & Whitney turbofan engines on Airbus jets
U.S. regulators are requiring immediate inspections and possible repairs to Pratt & Whitney engines on some Airbus passenger jets because of a manufacturing problem that could cause parts to wear out sooner than expected WASHINGTON: U.S. regulators are requiring...
COVID-19 still a global health threat, new variant under scanner: WHO chief
Although COVID-19 is no longer a global health emergency, it remains a global health threat. WHO has recently classified a new variant with a large number of mutations. BA.2.86 variant is under monitoring at present, highlighting once again the need for all countries...
UK PM Sunak commits to triple-lock pension policy despite inflation
Last November, with inflation in double-digits, finance minister Jeremy Hunt decided to raise state retirement and welfare benefits payments in line with price growth at a cost of about 11 billion pounds London: British Prime Minister Rishi Sunak said he was committed...
AI with 95% accuracy can steal passwords by ‘listening’ to keystrokes: Study
"The ubiquity of keyboard acoustic emanations makes them not only a readily available attack vector but also prompts victims to underestimate (and therefore not try to hide) their output," the study said "For example, when typing a password, people will regularly hide...
Countries should invest in primary health care, it can detect pandemics at an early stage: WHO chief
"So on new variants, not only EG.5, we would expect more variants. What's important is to really, you know, continue to be vigilant. Many countries are not testing enough, and we wouldn't know whether the virus is changing or not," said WHO's Director-General Tedros...
Ships backed up in Black Sea lanes as Russia warning shots raise tensions
Insurance industry sources said rates for additional war risk premiums remained stable on Monday, although there was a possibility of a rise if a ship was damaged or sunk The cost of a Black Sea war risk premium, which is typically renewed every seven days and is in...
Tokio Marine Southeast Asia asset sale draws Japan rivals
Tokio Marine has been gauging interest in the assets, which could be valued at about US$1 billion (RM4.61 billion) Japanese financial services firms have been eyeing assets in Southeast Asia as a way to expand and diversify outside of Japan. Japanese insurers Dai-ichi...