Donald Trump,U.S. President Trump said the Strait of Hormuz, a...
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AI risks are here, time for tough rules: Anthropic CEO Dario Amodei
Dario Amodei,CEO,Anthropic To ensure AI develops safely, Amodei...
US, Iran inch closer to deal, timing remains unclear
Trump wrote on Truth Social that after a framework deal is signed,...
Iran, Israel hold fire temporarily
Tehran has continued to block most shipping through the Strait of Hormuz, which before the war carried a fifth of the world's crude oil and liquefied natural gas. Washington has imposed its own blockade of Iranian ports. DUBAI/JERUSALEM: Iran and Israel said on...
Thai watchdog sues Volvo cars unit
Next week Thailand’s Office of the Consumer Protection Board will send the first case, which is seeking 1.2 million baht ($36,750) in damages Thailand’s consumer watchdog has approved the filing of a civil lawsuit against the local unit of Volvo Cars and its repair...
Red Sea tensions rise as Houthis target Israeli ships
The move comes as the Iran war drags into a fourth month and hostilities flare across the region, threatening to derail a fragile truce and complicate negotiations toward a peace deal. The conflict has led to the near-closure of Hormuz, forcing key Middle Eastern...
Hedge funds tap growing market for disaster risk
Now, some of the world’s biggest hedge funds and banks want to incorporate the expertise of catastrophe-risk professionals across a broader chunk of the finance sector, as the skills required to model natural disasters become increasingly relevant for asset values in...
Fire reported on oil tanker with 24 Indian seafarers; all crew safe, says shipping ministry
The Madagascar-flagged MT Marivex reported a fire around 1.30 pm IST, Opesh Kumar Sharma, a director in India’s Ministry of Ports, Shipping and Waterways, said at a news briefing. New Delhi: A fire was reported aboard an oil tanker carrying 24 Indian seafarers off the...
Majority of aviation insurance professionals rank geopolitical instability as the sector’s biggest threat: IUAI survey
"The findings highlight a continued shift towards risks that are systemic, interconnected and often originate outside the aviation sector itself. Geopolitical instability, claims inflation, cyber threats and supply chain disruption all have the potential to create...
A 7.8 magnitude quake in the Philippines kills at least 19, fells buildings and sets off a tsunami
It was the strongest quake to strike the Philippines this year, and was was centered at sea off Mindanao, the second most populous island in the Philippines. According to Bacolcol, the quake occurred at a depth of 33 kilometers (20 miles), about 32 kilometers (20...
US strikes Iranian sites after Iran launches drones, in latest Gulf flare-up
Iran’s Revolutionary Guards said they had attacked U.S. bases in Kuwait and Bahrain in retaliation for U.S. strikes and fired at four tankers trying to cross the strait without its permission. DUBAI/WASHINGTON: U.S. forces struck Iranian coastal radar sites on...
Anthropic calls for pause of global AI development
The company has faced pushback from others in the industry - and officials in the White House - who say its focus on worst-case scenarios overstates the risks and amounts to a strategy for slowing rivals under the cover of safety concerns. Artificial intelligence...
New Lloyd’s consortium brings together capacity up to $345 million per risk globally as WTPV market surges
Jonathan Powell, Managing Director, Guy Carpenter said,“Clients are facing urgent and complex capacity needs following the Middle East conflict. Guy Carpenter was pleased to place the TFP PVT Consortium to provide structured, dependable capacity at scale. This...