While crypto thefts are not new, the use of physical violence is a...
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Trump tariffs stoke supply chain worries for US businesses, survey shows
“Our survey showed supply chain disruptions were a concern to...
Burning cargo ship carrying 3,000 vehicles abandoned off Alaska
Smoke was initially seen rising from a deck loaded with EVs, the...
Extreme heat rendering parts of the world too hot to insure
Rising temperatures are disrupting economic activity and daily life across the globe, sapping crops, drying rivers and raising sea levels. Scientists suspect the last several years have been warmer than any point in over 125,000 years Soaring global temperatures may...
Possible Chinese malware in US systems a ‘ticking time bomb’: Report
"The Biden administration is working relentlessly to defend the United States from any disruptions to our critical infrastructure, including by coordinating interagency efforts to protect water systems, pipelines, rail and aviation systems, among others," said Adam...
Indian-made cold syrup sent to Iraq contains poison, test shows
A bottle of Cold Out purchased at a pharmacy in Baghdad in March contains 2.1 per cent ethylene glycol, according to Valisure LLC, an independent US laboratory. That’s about 21 times the widely accepted limit. The compound is lethal to humans in small amounts and...
Global economic cat losses at $ 110 billion, insurance claims of $43 billion in H1 2023
Thomas Blunck, member of the Board of Management In the Asia-Pacific region, natural disasters resulted in overall losses of approximately US$ 7bn, of which roughly US$ 3bn was insured Earthquake in Turkey and Syria was by far the most devastating natural disaster in...
Ship carrying nearly 3,000 cars ablaze off Dutch coast, crew member dead
“The fire is most definitely still not controlled. It’s a very hard fire to extinguish, possibly because of the cargo the ship was transporting,” said Edwin Versteeg, a spokesperson for the Dutch Department of Waterways and Public Works. “Electric cars burn just as...
Macroeconomic, geopolitical conditions pose severe risks to organisations: WEF Survey
Recent months have also seen a sharp increase in discussion of technology-related risks. CROs broadly agree that risk management is not keeping up with the rapid development and deployment of AI technologies, with 75% saying the use of AI technologies poses...
Fed raises interest rates, leaves door open to another increase
US Fed Chair Jerome Powell As it stated in June, the Fed said it would watch incoming data and study the impact of its rate hikes on the economy "in determining the extent of additional policy firming that may be appropriate" to reach its 2% inflation target...
SEC set to adopt new cyber rule
Companies will also have to describe periodically what efforts they are making to identify and manage threats in cyberspace. The rule, first proposed in March of 2022, forms part of a broader SEC effort to harden the financial system against data theft, systems...
Airlines face doubling in war insurance premiums: Sources
Insurers are, as a result, weighing a potential doubling of the premiums on such policies when airlines typically renew cover in the fourth quarter, the sources said London: Airlines could end up paying twice as much for insurance they need to protect themselves...
Japan’s population falls while foreign residents rise to record
The number of Japanese nationals fell for a 14th year, by about 800,000 people, to 122.42 million, according to resident registration data as of Jan. 1, 2023, released by the Ministry of Internal Affairs and Communications. For the first time, the number of Japanese...