President Donald Trump The blockade lies at the heart of the...
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Shipping traffic through Strait of Hormuz remains muted as US-Iran talks stall
Shipping traffic passing through the crucial waterway at the...
President Trump and his team discusing Iran’s proposal to end war
The proposal sent by Iran outlines a framework to reopen the Strait...
PwC pays $166 million to settle HK Evergrande audit probe
PwC “turned a blind eye” to Evergrande’s fraud, the Chinese securities regulator has said. PricewaterhouseCoopers LLP agreed to pay HK$1.3 billion ($166 million) in fines and compensation to settle investigations into its auditing work for the collapsed property giant...
Goldman Sachs settles shareholder lawsuit over Malaysian 1MDB scandal
Goldman agreed in 2020 to pay $2.9 billion in penalties and have a Malaysian unit admit criminal wrongdoing to settle 1MDB probes by the U.S. Justice Department and other authorities. Goldman Sachs has agreed to settle a class-action lawsuit accusing the Wall Street...
Ex-Credit Suisse team plans $1 billion Fund for Data Center Risk
It would be the first time a product in the market for insurance-linked securities specifically targets data-center risk, according to Hilti. Euler plans to structure the vehicle as a so-called sidecar, meaning investors will take a quota share of an insurer’s risk....
Protracted closure of Hormuz may lead to a wave of disputes: CFOs
“We expect a lot of financial disputes and a lot of force majeure,” Mercuria Energy Group Ltd. CFO Guillaume Vermersch said at the Financial Times Global Commodities Summit, adding that how the situation plays out out could shape some of the firm’s profit this year....
US:Record drought sparks worries about fires, water supply and food prices
“Right now 61% of the country is in drought and that’s steadily been going up for the calendar year.We just haven’t seen too many springs where this amount of the country has been in this kind of shape.'' said Brian Fuchs, a climatologist with the National Drought...
Trump extends Iran ceasefire indefinitely,Hormuz blockade to continue
US President Donald Trump Trump posted on social media that he would "extend the Ceasefire" until Iran came up with a proposal to end the conflict Washington:President Donald Trump on Tuesday said he was extending a ceasefire with Iran to give more time for...
Iran yet to decide on whether to attend talks as ceasefire deadline ticks down
President Donald Trump said he hoped to reach a "great deal" to end the war, but he did not want to extend the ceasefire, and said the U.S. military was "raring to go" if negotiations were not successful. WASHINGTON/CAIRO/ISLAMABAD:Iran said on Tuesday it had still...
Record 165 GW of wind power capacity added in 2025, led by China, report says
Asia, led by China and India, commissioned 131 GW of new capacity, which was 80% of the global total. China made up the bulk of that, adding a record 120.5 GW of new wind capacity. Europe was the second-highest region for installations, commissioning 19 GW of new...
Scam messages offering ships safe transit through Hormuz, security firm warns
MARISKS on Monday issued an alert warning shipowners that unknown actors, claiming to represent Iranian authorities, had sent some shipping companies a message demanding transit fees in cryptocurrencies, Bitcoin or Tether, for “clearance”. “These specific messages are...
MS Amlin launches new Lloyd’s sub-syndicate targeting innovative growth
s1673 forms part of MS Amlin’s plans to achieve sustainable growth by leveraging the strength of its parent’s group network and pursuing new opportunities alongside innovative distribution approaches. London: MS Amlin, the Lloyd’s global specialist (re)insurer, has...