The report also said there is a 70 per cent chance that the average...
Category:
International News
Latest
Boeing’s agreement with US Justice Department to avoid criminal charges for 2 fatal crashes of its 737 Max jets
The tentative agreement would allow require Boeing to contribute...
Trade disruption and economic shocks push up political risk cover by 30% globally, says Howden report
Matthew Strong, Deputy CEO, Howden CAP and Head of Credit and...
UK polluters to face unlimited fines to protect environment
“We are scrapping the cap on civil penalties and significantly broadening their scope to target a much wider range of offenses – from breaches of storm overflow permits to the reckless disposal of hazardous waste,” Environment Secretary Thérèse Coffey said Polluters...
EU Widens Probe of Suicide Risks Linked to Weight-Loss Drugs
The European Medicines Agency said Monday that it was looking at three adverse events in connection with Ozempic and Saxenda after receiving reports from the Icelandic Medicines Agency. Two cases of suicidal thoughts were reported to the EMA relating to the drugs,...
Chinese hackers breached unclassified govt email by foiling Microsoft security: US officials:
The hack was disclosed late Tuesday by Microsoft in a blog post. It said it was alerted to the breach, which it blamed on a state-backed, espionage-focused Chinese hacking group "known to target government agencies in Western Europe," on June 16. Microsoft said the...
Cost-of-living crisis fuels political turmoil, according to WTW political risk index
Evan Freely, Global Head of Financial Solutions, WTW, said, “The international community continues to grapple with the cost-of-living crises and its wide consequences.This report indicates that rising prices, particularly in food and energy, often result in a...
AXA weighs offloading $2 bln reinsurance arm to cut disaster risk – sources
French insurer AXA SA has been discussing strategic options for its XL Re unit, including a possible private sale or stock market listing, said the people, who spoke on condition of anonymity Paris: One of the world’s top insurers is mulling offloading its property...
Jacques de Vaucleroy selected as chairman of Swiss Re
Jacques de Vaucleroy, vice chairman, Swiss Re After careful consideration, the reinsurer's Governance and Nomination Committee under the lead of Joerg Reinhardt concluded that Jacques de Vaucleroy be proposed for election as the new Swiss Re Chairman at the next AGM...
WTW launches Asia’s first 4-peril parametric insurance solution to unlock financing for aquaculture development
``Our new 4-peril parametric insurance provides an efficient and simplified solution to support businesses vulnerable to multiple weather events that are not covered by traditional insurance products in the market. WTW has structured the region’s first 4-peril...
Indonesia’s parliament approves changes to healthcare laws amid protests
The new laws will make it easier for foreign doctors to practise in Indonesia, enable patients to file criminal complaints against medical workers for malpractice and remove a requirement for the state to allocate 5% of its budget to the health sector, a...
India registers remarkable reduction in poverty with 415 million people coming out of it in 15 years: UN
According to the 2023 release, 1.1 billion out of 6.1 billion people (just over 18 per cent) live in acute multidimensional poverty across 110 countries. Sub-Saharan Africa (534 million) and South Asia (389 million) are home to approximately five out of every six poor...
Helicopter with six on board missing near Mount Everest in Nepal
According to initial reports, the helicopter was carrying a total of six individuals. It was piloted by Senior Captain Chet Gurung, the Himalayan Times newspaper quoted a source as saying Kathmandu:, A Manang Air helicopter with six people aboard went missing near...