Hurricane Melissa will trigger the $150 million, International Bank...
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Allianz Trade extends geographical footprint to new location Vietnam
Despite potentially facing higher US tariffs than its ASEAN peers,...
Jamaica’s insured losses from Hurricane Melissa likely to fall on reinsurers:AM Best
In its Best’s Commentary, “Jamaica's Insured Losses From Hurricane...
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...
US to decide whether to OK GM self-driving car deployment plan
The petition filed in February 2022 seeks government approval to deploy vehicles annually without steering wheels, mirrors, turn signals or windshield wipers A top U.S. auto safety official said Wednesday regulators will soon decide on a petition filed by General...
China issues temporary rules for generative AI services
The Cyberspace Administration of China, which released the set of rules on its website, said that service providers will need to conduct security assessments and perform algorithm filing procedures before product launches. The measures will go into effect on Aug. 15...
Russia’s flagship crude oil surpasses G-7 price cap for first time
For some buyers of the Russian flagship crude, the breaching of the cap poses an immediate headache. This is especially true in India, a market that has sustained Russian exports but where some purchasers are still reliant on key Western services to keep imports...
UK polluters to face unlimited fines to protect environment
“We are scrapping the cap on civil penalties and significantly broadening their scope to target a much wider range of offenses – from breaches of storm overflow permits to the reckless disposal of hazardous waste,” Environment Secretary Thérèse Coffey said Polluters...