Willie Walsh, Director General, IATA Airlines would resist any...
Category:
International News
Latest
DBS drops plans to form an insurance partnership in India and Taiwan, bids fail to match value expectations
DBS was working with Goldman Sachs Group Inc as it weighed forming...
1 June renewals: Rate moderation continues, with nuanced shifts across towers, reports Howden Re
The 1 June 2025 renewal reflects a market transitioning from...
Considering downgrading Covid-19 to same category as seasonal influenza: Japan’s PM Fumio Kishida
Fumio Kishida, Prime Minister,Japan Currently, Covid is given the second rank which is equal to tuberculosis and avian influenza. Further, the officials plan to put it at the fifth rank, equaling to seasonal influenza, CNN reported quoting Japan's Health Ministry. "In...
B’desh asks Russia not to send cargo through ships under US sanctions
His comments came weeks after Moscow last month sent a ship to deliver equipment for Bangladesh’s Rooppur nuclear power plant, which is being built with Russian assistance, but Dhaka refused to accept the vessel due to the US sanctions Dhaka: Bangladesh on Sunday...
China’s National Bureau of Statistics refuses to reveal number of deaths occurred in December, 2022: Report
The National Bureau of Statistics reported a total of 10.41 million deaths in 2022, averaging 867,500 deaths per month. The announced 59,938 COVID-19-related deaths over a month, showcased 7 per cent of 2022's monthly average deaths, which is in no way consistent with...
Abbott faces U.S. criminal probe over baby formula -WSJ
The U.S. Food and Drug Administration found "shocking" results during an inspection such as cracks in vital equipment, a lack of adequate hand-washing and evidence of previous bacterial contamination. The regulator and the company later reached an agreement that...
AXA reduces aviation war cover after Ukraine losses, sources say
One of the top 10 players in global aviation insurance, AXA XL is pulling back from underwriting risk on so-called war cover, the sources said, reducing options for airline operators or lessors seeking protection against loss or damage arising from warThe retreat by a...
Hannover Re partners with Stone Ridge in first cyber risks transfer to the capital markets
"For the first time, we were able to transfer cyber risks to the capital markets, and on a substantial scale, through a proportional reinsurance solution. This underscores our lead role as a bridge builder between the capital markets and the insurance industry," said...
Inflation may be past peak but cost of living crisis far from over Experts
Giving the perspective from business, Unilever CEO Alan Jope said the "fragmentation of supply chains is frankly another inflationary pressure in this economy" and warned more generally of the dangers of inequality Davos: Inflation is likely to have reached its peak...
China’s GDP sinks to three per cent in 2022, second lowest in 50 years
Significantly this year, China's GDP in terms of dollars declined from USD 18 trillion in 2021 to USD 17.94 trillion last year mainly due to a sharp rise of the dollar against RMB (the Chinese currency) in 2022 The slow pace was blamed mainly on the strictly...
China’s population shrinks for the first time since 1961
The country had 1.41175 billion people at at the end of 2022, compared with 1.41260 billion a year earlier, China's National Bureau of Statistics said Men also continued to outnumber women by 722.06 million to 689.69 million, the bureau said, a result of the strict...
Swiss Re appoints Velina Peneva as Group Chief Investment Officer
Velina Peneva is currently Co-Head Client Solutions & Analytics in Swiss Re's Asset Management. Previously, she headed Swiss Re's private equity investment mandate Zurich: Swiss Re announced today the appointment of Velina Peneva as Group Chief Investment Officer...