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Ebola outbreak in DR Congo spiralling out of control: WHO
The continued increase in cases, expanding geographic spread, and...
Drone strike in Egypt sparks security concerns about Suez oil exports
"The passage through the Red Sea, even via the longer Mediterranean...
Willis urges smarter data centre insurance buying as capacity demand nears $15billion
"Buying more insurance is not always the same as being better protected. When risks are properly modelled, understood and mitigated, clients can build more efficient, resilient insurance programs that reflect their actual exposures. This is especially important where...
Fitch warns AI market correction emerging as major global credit risk
“The extent to which capital markets and economies have become intertwined with AI have created a vulnerability for credit,” Fitch said. The AI boom and the risk of a correction are emerging as major global credit risks, ratings agency Fitch has warned, adding to...
Yemen’s Houthis considering fees for ships sailing through Red Sea, sources say
The Houthis were looking into imposing fees on most traffic through the narrow Bab el-Mandeb gateway, which links the southern Red Sea with the Gulf of Aden, the sources said. No timeframe was given at this stage for implementation, they added. Yemen’s Houthi group is...
Red Sea shipping slows as security threats, insurance curbs reshape vessel routes: S&P Global
S&P Global said daily traffic through the Bab el-Mandeb remained subdued, recording 32 vessel transits on July 26 after 26 on July 25 and 36 on July 24. The decline coincided with reports that several major insurers had suspended war-risk cargo cover for...
Tankers divert to Egypt as Houthi threat disrupts Red Sea
Over the past week, only Chinese ships and vessels owned by countries friendly with Iran have continued to transit Bab el Mandeb, while western tankers and more risk-averse Asian shippers have opted for the costlier and longer route via the Suez Canal. Empty...
Iran proposes temporary Hormuz plan giving itself greater control over transit lines
Deputy Foreign Minister Kazem Gharibabadi said Tehran rejected an Omani proposal for an equal division of transit routes between the two countries, saying such a plan did not address Tehran's security concerns until long-term regional stability is achieved. DUBAI:...
Google rivals line up seeking damages after record $1 billion EU fine
The damages claims come as Google’s AI spending spree has left it burning cash, with Alphabet’s free cash flow negative in the second quarter for the first time as a public company. Tech and chip stocks are under pressure as investors question lofty valuations amid...
Major quake hits southern Japan, workers missing after mall blast
“We have already been informed that people have been injured. Power outages and fires have occurred in some areas, and there has also been damage to roads and bridges and the collapse of buildings,” Japanese Prime Minister Sanae Takaichi said. A 7.1-magnitude...
AI finding twice as many cyber flaws in 2026 as it did in 2025
The surge in discovered vulnerabilities lends credence to the warnings governments and security firms have been issuing about the threat posed by hackers armed with powerful, new AI models. The number of software security flaws discovered in popular technology...
Swiss regulator opens enforcement proceedings against Zurich Insurance, bars sales of some new policies
“The regret is that we should have found it ourselves, which we didn’t despite all the audits and checks that we do. Remediation steps hadn’t been followed, which led to the enforcement proceeding, Chief Executive Officer Mario Greco Zurich Insurance said on Monday...