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Russia intensifying covert attacks on key infrastructure in Germany
As Germany positions itself as NATO’s main hub in Europe, it...
Nestle recalls infant formula batches in 25 countries over toxin risk
Nestle, which makes products ranging from KitKat to Nescafe, said...
Reinsurer Scor made aware of attempted fraud
“Scor urges you to be extremely vigilant and not to respond without prior verification to any payment request made by email, telephone or social networks. The aim of these fraudsters is to improperly collect personal data or to solicit a bank transfer or electronic...
T-shirt weather in December is a sign of what winter has in store
“Due to this year’s El Niño being quite strong, its influence should be apparent,” commercial forecasting firm NatGasWeather said in a note to clients this week. With temperatures worldwide smashing records earlier in 2023, “this exceptionally warm global background...
Korea sees risks to financial firms from overseas property
The message comes after the country’s pension funds, insurance companies and asset managers plowed billions of dollars into properties and risky real estate loans across the globe in the run up to the pandemic, leaving them under scrutiny as losses start to pile up....
China offers insurance to rubber producers to encourage planting, output
The scheme for producers in Hainan and Yunnan provinces, the main rubber producing regions, will stabilize producers’ income and increase planting acreage to boost the country’s rubber production, according to a joint statement by the finance ministry, agriculture...
Global healthcare benefit cost increases projected to largely continue into 2024, WTW survey finds
“The high cost of new medical technologies is a key reason for the persistently high trend. Furthermore, in some regions, ongoing geopolitical conflicts and resulting displaced populations have negatively affected medical costs due to an increased need for care and...
Google’s Epic legal defeat threatens $200 billion app store industry
The loss — handed down by a San Francisco jury on Monday — is a blow to the two companies’(Google and Epic Games Inc) business model in apps, where they charge commissions of as much as 30 per cent to software developers who typically have few other options. Google’s...
GIC reaches agreement to buyout Cinven’s stake in Miller
``This further investment in Miller is consistent with GIC’s strategy of developing long-term relationships with our portfolio companies and targeting the highest quality businesses. The defensive nature and strong market dynamics of the (re)insurance market, coupled...
WTW appoints new Corporate Risk & Broking Southeast Asia and Singapore leaders
``From these regions, we see increased awareness of risk and strong demand from companies for more sophisticated risk transfer solutions, driven by data insights and created with specialty expertise'' Singapore: WTW, a leading global advisory, broking and solutions...
Cigna abandons pursuit of Humana, plans $10 billion share buyback -sources
The deal talks ended due to the parties not being able to agree on price, two sources familiar with the situation said. There remains the possibility of a tie-up in the future, those sources said. Cigna, however, on Sunday announced plans to do an additional $10...
EU clinches deal on landmark AI Act
Despite the criticism, this is good news for businesses and society. For businesses, it starts providing companies with a solid framework for the assessment and mitigation of risks, that -- if unchecked -- could hurt customers and curtail businesses' ability to...