While crypto thefts are not new, the use of physical violence is a...
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Trump tariffs stoke supply chain worries for US businesses, survey shows
“Our survey showed supply chain disruptions were a concern to...
Burning cargo ship carrying 3,000 vehicles abandoned off Alaska
Smoke was initially seen rising from a deck loaded with EVs, the...
RiverStone’s landmark third-party reinsurance-to-close deal with MS Amlin, largest in Lloyd’s history
London: RiverStone International, the industry-leading acquirer and reinsurer of legacy and discontinued insurance business, has completed an agreement with MS Amlin Underwriting Limited to provide MS Amlin Syndicate 2001 (“MS Amlin”) with a Reinsurance-to-close...
New Zealand declares national emergency as Cyclone Gabrielle wreaks havoc
While New Zealand was now through the worst of the storm, more rain and high winds were expected. The country was suffering from extensive flooding, landslides and damage to roads and infrastructure, Kieran McAnulty, minister of emergency management said New Zealand...
UK to expedite insurance reforms, to release £100 billion of capital for investment
Officials could look to implement the Solvency II reforms in two stages, the Financial Times, which first reported the news, said. Insurers could be allowed to swap bonds they have to hold currently for assets such as green technology or housing at first, with other...
Institutional investors sue Shell over its alleged climate mismanagement
It is the first, notable lawsuit by a shareholder against a board over the alleged failure to properly prepare for a shift away from fossil fuels – and comes one week after Shell posted a record $40 billion profit for 2022, partly fueled by the energy crunch after...
Turkey, Syria deadly earthquake could cost $4 billion in economic losses,Insured losses expected much lower $1 billion: Fitch
Insured losses will be much lower, possibly around $1 billion, due to low insurance coverage in the area, Fitch added Paris: The earthquake that has devastated Turkey and Syria could cause economic losses exceeding $4 billion, ratings agency Fitch said on Thursday....
Turkey acknowledges earthquake relief problems as death toll passes 12,000
The death toll from both countries was expected to rise as hundreds of collapsed buildings in many cities have become tombs for people who had been asleep when the quake hit. KAHRAMANMARAS/ANTAKYA, Turkey: President Tayyip Erdogan on Wednesday admitted there were...
Slamming ‘big formula milk companies’, WHO scientist calls for swift clampdown to protect nursing mothers
New research highlights the vast economic and political power of the big formula milk companies, as well as serious public policy failures that prevent millions of women from breastfeeding their children,” said Nigel Rollins, one of the authors of a series on the $55...
Corporate financial health to worsen, says Janus Henderson
While companies’ financial metrics have been resilient so far, the second half of 2023 is when corporate margins will decline as weaker consumer confidence and higher interest rates bite, the study found The risk premium on euro and U.S. investment-grade corporate...
U.S. firms in Taiwan making ‘contingency’ plans amid China tensions
In a survey released on Tuesday, which took place between Nov. 15 and Dec. 16, AmCham Taiwan said 33% of respondents said their operations had been “significantly disrupted” by the increase in tensions, compared with 17% when it did a flash survey in August right...
Nepal plane crash probe reportedly shows both engines lost power
The disaster added to the Himalayan country’s reputation as the world’s most dangerous place to fly. According to Aviation Safety Network data, the fatal crash was the 11th in Nepal in as many years A Yeti Airlines plane that crashed in Nepal last month had no engine...