The shallow earthquake damaged buildings and injured several people...
Category:
International News
Latest
Hydrogen: Insurance market could hit more than $3 billion by 2030, says Allianz
“Insurers have a key role to play in the development of the...
Musk ordered shutdown of Starlink satellite service as Ukraine retook territory from Russia
Musk’s order was an early glimpse of the power the magnate now...
Swiss investor group lawsuit to seek compensation over UBS-Credit Suisse deal
Hundreds of claims have also been filed by holders of Credit Suisse’s Additional Tier 1 bonds – which were all written down to zero – claiming compensation A group of Credit Suisse AT1 bondholders has also filed a class action suit accusing former executives at the...
Insurers reviewing Black Sea ship cover after Russia suspension
“Annual cover remains in place but voyages to listed areas will be assessed individually as and when seen,” Neil Roberts, head of marine and aviation at Lloyd’s Market Association, which represents the interests of all underwriting businesses in Lloyd’s. Insurers are...
South Korea flood death toll rises to 40, Yoon blames botched responses
The incident fueled questions over South Korea’s efforts to prevent and respond to flood damage. Some drivers who use the road regularly blamed the government for failing to ban access to the underpass even though floods were widely forecast South Korean President...
She’s 47, anorexic and wants help dying, Canada will soon allow it
An expansion of the criteria for medically assisted death that comes into force in March 2024 will allow Canadians like Pauli, whose sole underlying condition is mental illness, to choose medically assisted death In 2021, the most recent year available, 10,064 people...
Signs ‘crypto winter’ ending as regulatory fog begins to lift
"The regulatory environment is changing," said Matthew Dibb, chief investment officer at crypto asset manager Astronaut Capital. "And by what we have seen in the last 24 hours, it could be for the better." Cryptocurrencies were testing year highs on Friday as a run of...
UN scrambles to save Black Sea grain deal, with EU help, ahead of Monday deadline
The EU is considering connecting a subsidiary of the Russian Agricultural Bank (Rosselkhozbank) to the international payment network SWIFT to allow for grain and fertilizer transactions, sources familiar with discussions told Reuters on Wednesday. The European...
The meds they bought were toxic. Now Gambian parents seek justice
20 Gambian children who died after consuming cough syrups made in India will take their government to court this month for allegedly mishandling drug imports Three Gambian lawyers said this is the highest profile case of its kind against the nation's health ministry...
Artificial sweetener Aspartame is ‘Possibly’ Carcinogenic, yet safe at common use levels, WHO Says
Citing the results of two new assessments of the health impact of the popular artificial sweetener, the WHO said that it has “limited evidence” that aspartame can cause cancer in humans The International Agency for Research on Cancer’s report designated the sweetener...
Property insurers’ ratings under pressure as risk rises: Morningstar
Insurers can opt to pay more for the same reinsurance package, or cut costs by restricting new business, withdrawing from certain regions or business lines or adjusting their strategy, such as by cutting costs on more frequent but less severe perils, Morningstar said....
Allianz US unit ordered to pay $6 billion in securities fraud case
US District Judge Colleen McMahon imposed the sentence Wednesday in Manhattan on Allianz Global Investors US, which had agreed to the payout last year when it pleaded guilty to a single criminal charge of securities fraud as part of a deal with federal prosecutors. It...