The lawsuit comes after an Australian Securities and Investments...
Category:
International News
Latest
Shadow tanker fleet grows more slowly as Western sanctions target Russian oil
Together with U.S. restrictions, they mean more than 440 shadow...
Advent International to acquire Israeli software provider Sapiens International for $2.5 billion in cash
“Insurers are increasingly turning to technology to help unlock...
Global Covid cases up 80% as new subvariant rises
In its weekly update, the UN agency said that nations reported nearly 1.5 million new cases from July 10 to August 6, an 80 percent increase compared to the previous 28 days.However the number of deaths fell by 57 percent to 2,500 Paris: The WHO declared in May that...
Ukraine announces ‘humanitarian corridor’ for ships stuck in Black Sea ports
Shipping and insurance sources familiar with Ukraine said they were not informed about the new corridor and there were questions over its viability. It was unlikely most ships would agree to sail at the moment, they said Ukraine announced a “humanitarian corridor” in...
Zurich Insurance CEO criticizes climate clubs after exodus
Mario Greco, who led his firm out of the Net-Zero Insurance Alliance earlier this year amid a wider exodus from the group, said the decision followed a realization that, as things stand now, the goal of limiting temperature rises to 1.5C as enshrined in the Paris...
US business owners seek increased insurance protection amid mounting risks – study
“The devastation caused by natural disasters has heightened urgency for adequate protection,” CEO Patrick Gallagher told Reuters, adding that there is ongoing demand for insurance coverage to secure properties, homes and businesses from potential damages and losses...
Wall Street WhatsApp, US texting fines by SEC exceed $2.5 billion in
As part of the settlements, the companies admitted that their employees had used platforms like iMessage, WhatsApp and Signal to discuss business. The companies didn’t maintain sufficient records, according to the SEC. The CFTC said it found similar violations. Wells...
After attacking Ukraine wheat exports, Russia faces own shipping challenge
Insurance for ships heading to Russia’s Black Sea ports currently costs tens of thousands of dollars in additional premiums daily, the three sources said, with rates ticking higher following Russia’s attacks on Ukraine’s other waterways through the Danube in recent...
WHO classifies EG.5 as COVID-19 ‘variant of interest’
"We don't detect a change in severity of EG.5 compared to other sublineages of Omicron that have been in circulation since late 2021.Collectively, available evidence does not suggest that EG.5 has additional public health risks relative to the other currently...
Severe thunderstorms account for up to 70% of all insured natural catastrophe losses in 1H2023, Swiss Re
Severe convective storms – storms associated with thunder, lightning, heavy rain, hail, strong winds and sudden temperature changes – caused USD 35 billion (nearly 70%) in insured losses worldwide in the first half of 2023. This means that insured losses are almost...
US insurers invested in fossil fuels as climate risks to underwriting mount -report
A data sample comprising 77% of U.S. insurers showed they held fossil fuel-related assets worth $536 billion in 2019, and patterns are unlikely to have changed dramatically since then, according to sustainability consultancy ERM, investor advocacy group Ceres and...
Meta Platforms seeks to stop privacy breach fine in Norway -court filing
The regulator has said Meta cannot harvest user data in Norway, such as users' physical locations, and use it to target advertising at them, called behavioural advertising, a business model common to Big Tech. Meta Platforms will be fined 1 million crowns ($97,700)...