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EU likely to propose to G7 lowering price cap on Russian oil to $50 per barrel
The G7 price cap was agreed in December 2022, banning trade in...
High crypto investors seek bodyguards to deter kidnappers
People with crypto wealth face unique physical risks because public...
Swiss Re faces $6.3 million claim over sexism, unfair dismissal
The lawsuit by Julia Sommer, 41, brought after a Swiss Re senior manager commented about her breasts, made references about sex and discriminated against her, swings the spotlight back on an industry struggling to shake off a reputation for sexism. London: A former...
U.N. hopes water meeting can create ‘rippling effect’ to stave off crisis
There is no international binding agreement for water like the one reached for climate in Paris in 2015, or framework like that established to protect nature in Montreal last year, despite dire warnings of the risks humanity faces if water is not managed better. The...
Musk, experts urge pause on AI systems, citing ‘risks to society’
Elon Musk The concerns come as EU police force Europol on Monday joined a chorus of ethical and legal concerns over advanced AI like ChatGPT, warning about the potential misuse of the system in phishing attempts, disinformation and cybercrime. Elon Musk and a group of...
Swiss Re chairman Sergio P Ermotti to head UBS
Sergio P. Ermotti , chairman,Swiss Re The Swiss Re Board has nominated Jacques de Vaucleroy as new Vice Chairman and Lead Independent Director subject to his re-election as Board member by shareholders, effective post AGM Zurich: Swiss Re chairman Sergio P. Ermotti...
Credit Suisse bondholders consider legal advice on extinguished AT1 Bonds
Some distressed debt-type funds have been buying Credit Suisse’s AT1s for a few cents on the dollar. The bonds were traditionally held by institutional investors. Credit Suisse bondholders are seeking legal advice after the Swiss regulator ordered 16 billion Swiss...
Cyber criminals exploiting ChatGPT popularity to spread malwares via FB accounts
"Cybercriminals are capitalising on the popularity of ChatGPT, exploiting Facebook's vast user base by compromising legitimate Facebook accounts to distribute malware via Facebook ads, putting users' security at risk. Our investigation has uncovered 13 compromised...
Skyrisks to launch products for Advanced Air Mobility sector
Advanced Air Mobility (AAM) businesses will have diverse insurance needs including hull all risks, third party liability, passenger & crew liability, premises, products & hangarkeepers liability, and other coverages London: Skyrisks Limited announced today...
France bans TikTok from govt devices amid cybersecurity risks
The ban brings the France in line with UK, the US, Canada and the European Union (EU) and also India – which banned TikTok entirely from the country, even as the company strongly denies sharing user data with the Chinese government. TikTok is bound by China's National...
Air India, Nepal Airlines aircraft almost collided over Kathmandu airport
The Civil Aviation Authority of Nepal (CAAN) has suspended two employees of the air traffic controller department for "carelessness", according to CAAN spokesperson Jagannath Niroula. Kathmandu: A major tragedy was averted on Friday when an Air India and a Nepal...
Lloyd’s swings to a pre-tax loss in 2022,underwriting profit jumps 53% to 2.6 billion pounds
John Neal, CEO of Lloyd’s, forecast 2023 premiums of 56 billion pounds, up from 46.7 billion in 2022, according to a statement Rising interest rates have hit investments at many financial firms, and it posted a net investment loss of 3.1 billion pounds, compared with...