Swiss Re's Group Chief Executive Officer Andreas Berger said,"This...
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Allianz and Oaktree join hands to launch reinsurance syndicate at Lloyd’s
Thorsten Fromhold, Chief Group Reinsurance Officer, Allianz SE...
EU strikes deal to further weaken corporate sustainability laws after US pressure intensifies
The agreement reached, which also scales back the scope of the...
China to waive security checks for some data exports
The Cyberspace Administration of China (CAC) said it was considering waiving data export security assessments for activities such as international trade, academic cooperation, cross-border manufacturing and marketing that do not contain personal information or...
Weight-Loss drugs estimated to save airlines millions
Weight is a major concern for airlines because the more a plane weighs, the more fuel it burns. Fuel and labor are the two largest expenses for carriers, with fuel accounting for about 25%. Over the years airlines have used a variety of methods to reduce pounds on...
If new cars are safer, why are fatalities on the rise?
Roadway deaths in the U.S. are mounting despite government test data showing vehicles have been getting safer. While the number of all car-related fatalities has trended upward over the last decade, pedestrians and cyclists have seen the sharpest rise: over 60%...
In major blow to TikTok, Indonesia bans e-commerce transactions on social media
Trade Minister Zulkifli Hasan told reporters the regulation, which takes effect immediately, is intended to ensure "fair and just" business competition, adding it was intended also to ensure data protection of users Jakarta: Indonesia has banned e-commerce...
Legal fog over central bank digital currencies “unacceptable”, BIS warns
Some 11 countries have already launched them and next month the European Central Bank is expected to receive the green light to start work on a digital euro Developing national digital currencies are at risk due to a lack of legal powers to issue them in most of the...
Ship insurance facility set up for Ukraine grain exports, says broker Miller
London-headquartered Miller said it had teamed up with British maritime technology company Clearwater Dynamics (CWD) to develop a war risks insurance facility for grains shipments via three ports including Chornomorsk as well as Odesa and Pivdennyi “The three main...
Musk’s X is the biggest purveyor of disinformation, EU official says
Ahead of upcoming elections, Google, TikTok, Microsoft and Meta also have more to do to tackle disinformation, much of it coming from Russia, which is using social media to wage a "war of ideas'' against democracy, European Commission Vice President Vera Jourova said...
JPMorgan pays $75 million to settle lawsuit over Jeffrey Epstein ties
US Virgin Islands Attorney General Ariel Smith said the settlement was a "historic victory for survivors and for state enforcement, and it should sound the alarm on Wall Street about banks' responsibilities under the law to detect and prevent human trafficking." Last...
Britain proposes diversity and misconduct rules for financial firms
“Regulated firms and individuals should have no doubt that this represents a big shift in the way the FCA will monitor and potentially sanction those in the financial community,” said James Alleyne, a legal director at Kingsley Napley law firm London: Britain’s...
Aviva to buy AIG’s UK life insurance business for $563 million
The transaction will add 1.3 million individual protection customers and 1.4 million group protection members, Aviva said, with the deal expected to close in the first half of 2024, subject to regulatory approvals. London: Aviva said on Monday it had agreed to buy the...