Cyber risk models used across Asia have typically been benchmarked...
Category:
International News
Latest
IMF raises 2026 global growth forecast to 3.1%, Warns of AI risks
Kristalina Georgieva, managing director ,International Monetary...
Hackers heat French supermarket fridges, sparking fires and spoiling food
There was no immediate estimate of industry-wide losses, but...
Companies experience sharp increase in business interruption losses, says Allianz
According to a new analysis from Allianz Commercial, the average total value of a business interruption claim now exceeds €850,000. This is around 70% higher than the corresponding average property damage claim of close to €500,000, demonstrating that the financial...
Businesses boost risk management spend but resilience gap remains;Hiscox report
Kate Markham, Hiscox London Market CEO, said: “Our research highlights a growing resilience gap. While organisations are investing more in risk management, many still lack the structures, visibility and capabilities needed to understand how disruption spreads across...
World faces risk cocktail from AI, oil and debt, says IMF chief
“The AI building boom is inflationary. The energy and food shocks are inflationary. Tariffs, defense spending, and high public debt can be inflationary,” Georgieva said. She called for a “prudently hawkish bias” on the part of central banks, and said countries that...
UK watchdog opens first Online Safety Act probe into Meta
Ofcom said its investigation would establish whether Meta carried out a “suitable and sufficient” assessment of the risks of illegal content on the feature and any risks posed to children before its launch. London:Britain’s communications regulator opened its first...
War in Ukraine escalates with drone strikes on cargo ships in Black Sea
They also reflect how the Black Sea is becoming an increasingly precarious corridor for agricultural trade, raising concerns over how crops from two of the world’s biggest exporters — Russia and Ukraine — will reach global buyers. Attacks on commercial vessels off the...
Starbucks sued over ‘sugar-free’ claims for protein beverages
Consumers accused Starbucks of trying to capitalize on the desire of 75% of Americans to reduce or eliminate sugar consumption. They also said Starbucks failed to provide federally required disclaimers that the protein beverages are not low-calorie food or meant for...
South Korean president orders probe into data leaks across financial industry
Lee Jae Myung, President,South Korean “The entire financial sector should carry out swift and thorough security inspections,” Financial Services Commission Chairman Lee Eog-weon said in a statement Sunday, after an emergency meeting with executives from financial...
Flydubai co-pilot attacked pilot with axe in attempted ‘terrorist attack’, UAE says
The confirmation of the weapon used in the attack is also important, as reports of it being a pocket knife had raised additional questions about crew security checks and how a pilot could have snuck it in. A crash ax is a standard safety requirement in the cockpit for...
British Airways London-Chicago flight drops 28,000 feet within minutes, declares emergency
Flight BA295 declared an emergency mid-flight following a sudden and steep descent while flying over Ireland soon after take-off from London's Heathrow Airport at 1150 am local time, according to flight tracking data. A British Airways flight on Monday made a U-turn...
Zurich completes Beazley acquisition, creates world’s largest specialty insurer
Following the completion of the acquisition, Kristof Terryn is appointed CEO of Beazley and Zurich Global Specialty, subject to regulatory approval. Adrian Cox will be leaving Beazley as the organization begins its next phase. Zurich Insurance Group (Zurich) today...