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Fast descent warning triggered on Delta jet that went belly-up on landing in Toronto
The plane hit the runway at a 50% greater descent velocity than the...
Heathrow Airport fire has significant but manageable financial and operational implications
The cost of the impact could total around 20 million pounds ($26...
New Zealand passes minimum age law aiming to ban smoking for next generation
The law states that tobacco can't ever be sold to anybody born on or after January 1, 2009 - and from now on, the minimum age for buying cigarettes will keep going up and up New Zealand is not the only nation pushing to ban smoking for the next generations. In June, a...
ADB trims economic growth forecast for developing Asia, equity investors remain bullish
Monetary policy tightening by central banks globally and in the region, the protracted Russian invasion of Ukraine, and recurring lockdowns in the People's Republic of China (PRC) are slowing down developing Asia's recovery from the Covid-19 pandemic, ADB said....
Russian insurer Ingosstrakh says no plans to cover new sanctioned clients
“We are not willing and will not provide short-term P&I (Protection and Indemnity) coverage for vessels caught up by the new Turkish regulations at the mouth of the Bosphorus,” Ingosstrakh said Russian insurer Ingosstrakh said on Monday it has no plans to offer...
Too soon to call end to COVID-19 emergency, GAVI chief says
A World Health Organization (WHO) body meets every few months to decide whether the new coronavirus, which emerged three years ago in China's Wuhan, still represents a "public health emergency of international concern (PHEIC)". Reuters: The head of the GAVI global...
UK plans to repeal EU-era Solvency II rules to allow insurers to invest in UK infrastructure
The changes are a far cry from the dramatic reforms in the 1980s that made London a global financial center and the far-reaching changes mooted when Liz Truss was prime minister London: The UK set out a package of financial services reforms that cuts across dozens of...
Hong Kong billionaire Richard Li weighing investing $200 million in FWD Group Holdings
An investment would help support the insurer’s growth plans ahead of a long-awaited Hong Kong initial public offering, which could take place as soon as 2023, the people said. Other investors have also shown early interest in a fundraising for FWD ahead of its...
‘Please protect yourself’: China wrestles with COVID surge
China's controls kept its infection rate low but crushed already weak economic growth and prompted complaints about the rising human cost. The official death toll is 5,235, compared with 1.1 million for the United States. China's official total case count of 363,072...
With Munich Re support African Risk Capacity launches parametric cover against epidemic risks
ARC( African Risk Capacity) Group and its partners finalized the development of the cover, which will provide parametric insurance to African Union (AU) member states for three selected pathogens responsible for Ebola virus disease, Marburg virus disease, and...
Turkey oil tanker logjam snarls Russia oil sanctions
Ankara has declined to scrap a new insurance inspection rule it implemented at the beginning of the month despite days of pressure from Western officials Turkey emerged as a critical stumbling block to a complex international plan to deprive Russia of wartime oil...
Canada prepares to expand assisted death amid debate
Starting in March, people whose sole underlying condition is mental illness will be able to access assisted death. Mental illness was excluded when the most recent medical assistance in dying (MAiD) law was passed in 2021 More than 30,000 Canadians have died with...