War insurance costs for some port calls have been quoted between...
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Ransomware grows beyond traditional hotspots,hit emerging economies
William Altman, Head of Cyber Threat Intelligence Services, said:...
Thailand floods “paralyzed” flow of high tech components and car parts to neighboring Malaysia
The floods are the worst on record for southern Thailand, with the...
Hong Kong 1-in-500 yr flood likely to have an earnings impact, may further pressure reinsurance renewals
The impact on reinsurance pricing, which is already elevated, could make it too costly for some smaller companies. Offsetting factors include lower inflation in East Asia as compared with many other parts of the world, and supply chain normalization, which continues...
Blockchain analysts suspect North Korea-linked hackers behind $70 million crypto theft
CoinEx, which says it is based in Hong Kong, said on Tuesday on social media platform X, formerly known as Twitter, that wallets used to store the exchange’s crypto assets had been hacked. It said on Friday it estimates its losses at $70 million, which it said is a...
Zurich and KPMG collaborate to provide comprehensive climate change advisory services
In this evolving environment, it is increasingly important that businesses address both physical climate risks and transition risks. Transition risks include policy changes, reputational impacts, and shifts in market preferences, norms and technology The offering is...
UK focuses on transparency and access with new AI principles
CMA Chief Executive Sarah Cardell said on Monday there was real potential for the technology to turbocharge productivity and make millions of everyday tasks easier – but a positive future could not be taken for granted Britain set out principles designed to prevent...
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...