The Australian Competition and Consumer Commission (ACCC) alleged...
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KKR and Quadrantis Capital pick up minority stakes in Peak Re
Franz-Josef Hahn, Chief Executive Officer, Peak Re. Post...
EU adopts a new package of sanctions targeting Russia’s energy infrastructure
Along with a full transaction ban on two major Russian oil...
Hundreds of flying taxis to be made in Ohio, home of the Wright brothers and astronaut legends
Around the world, electric vertical takeoff and landing, or eVTOL aircraft are entering the mainstream, though questions remain about noise levels and charging demands Still, developers say the planes are nearing the day when they will provide a wide-scale alternative...
A massive $188 bn exodus shows China’s heft fading in world markets
“China risks are several – LGFV, housing stock overhang, demographics, dependency ratio, regulatory volatility, geopolitical isolation,” said Gaurav Pantankar, chief investment officer at MercedCERA, which oversees approximately $1.1 billion of assets in the US A...
Apple disputes French findings, says iPhone 12 meets radiation rules
The French move raised the prospect of further bans in Europe. Germany’s network regulator BNetzA said it might launch similar proceedings and was in close contact with French authorities, while Spain’s OCU consumers’ group urged authorities there to halt the sales of...
Shell says its Australian BG Group business hit by MOVEit breach
A number of businesses globally have lately been affected by a cybersecurity breach on the software tool MOVEit that is typically used to transfer large amounts of often sensitive data including pension information and social security numbers Shell Plc said on Friday...
World Cup fanfare masks an existential threat to Rugby
Much of the fear over the future of the sport stems from the risk of damage from blows to the head. Many of the key talking points from the first World Cup weekend revolved around head injuries and whether a player’s actions are dangerous and need to be punished The...
TikTok fined 345 million euros over handling of children’s data in Europe
It is the first time ByteDance-owned TikTok has been reprimanded by the DPC, the lead regulator in the EU for many of the world's top tech firms due to the location of their regional headquarters in Ireland Dublin: TikTok has been fined 345 million euros ($370...
Earth’s warmest August saw 65 countries set record high temperatures: Report
Berkeley Earth, which focuses on environmental data science and analysis, said last month was the warmest August since records began to be kept in 1850, with "particularly warm conditions" prevailing in parts of India, Japan, North Atlantic, Eastern Equatorial...
Chubb launches Lloyd’s Lithium Battery consortium
The consortium was created to address a lack of capacity in the marine cargo market for providing lithium battery transit and stock insurance. It provides a one-stop solution with limits up to $50 million for risk types associated with lithium batteries including...
AXA XL appoints Anthony Dagostino as global chief cyber underwriting officer for commercial lines
Anthony Dagostino “Cybersecurity continues to be a top risk management concern for clients across AXA. Cyber is a strategic growth area for the group''Libby Benet, AXA XL’s chief underwriting officer New York: AXA XL today announced the appointment of Anthony...
Superbugs Are ‘Dangerously High’ Threat in Greece, India, Turkey
The ballooning calamity would leave more patients without effective cures for pneumonia, bloodstream infections and a range of other illnesses Drug-resistant microbes exact a heavy toll: They claim 79,000 lives a year across 34 OECD and EU/EEA countries and ratchet up...