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Global energy insurance market continues to soften with capacity at an all-time high: Willis
In Asia, insurance capacity from Asian-based insurers remains very...
Boeing settles lawsuits with two 737 MAX crash victims’ families
Boeing agreed in July to plead guilty to a criminal fraud...
Aircraft lessors sue insurers for $6.5 billion over seized Russian planes
More than 400 leased planes worth around $10 billion are unable to leave Russia after European Union sanctions forced the termination of their leases.Lessors argue the aircraft are covered by policies against war or theft, but insurers point out the planes are...
Russia reiterates it won’t sell oil to nations that cap prices
The cap, which is also backed by the European Union, would ban companies from providing services, including shipping and insurance, to Russian oil shipments anywhere in the world, unless it’s sold below the agreed threshold Russia doesn’t plan to supply crude or oil...
Violent protests erupt at Apple’s biggest iPhone-making plant in China
The Foxconn situation serves up another reminder of the dangers for Apple of relying on a vast production machine centered on China at a time of unpredictable policy and uncertain trade relations Hundreds of workers at Apple Inc.’s main iPhone-making plant in China...
India calls on global AI group members to come up with framework to prevent user harm
"We all should be concerned about user harm. I would encourage member states to think about evolving a common framework of rules and guidelines about data governance, safety and trust as much to do with the internet as to do with AI." Minister of State for Electronics...
China’s Fosun appoints Deutsche Bank to sell Peak Re – sources
The Chinese conglomerate owns 86.9% of Peak Re, and it is not immediately clear what valuation a sale would ascribe to the reinsurance firm. Peak Re said in its 2021 annual report its total equity was $1.47 billion at the end of 2021 HONG KONG/LONDON: China's Fosun...
“In today’s global economy, the food and drink industry is no stranger to the effects of shifting geopolitics and economic uncertainty. It is arguably more important than ever that businesses ensure the safe and timely transportation of critical and often perishable...
WHO convenes experts to identify new pathogens that could spark pandemics
“Targeting priority pathogens and virus families for research and development of countermeasures is essential for a fast and effective epidemic and pandemic response”, said Dr. Michael Ryan, Executive Director of WHO’s Health Emergencies Programme Geneva: The World...
Ongoing turmoil in cryptos a reminder of huge risks attached: Singapore central bank
The Singaporean central bank, in the statement, added, the most important lesson from the FTX debacle is that dealing in any cryptocurrency, on any platform, is "hazardous". Singapore: The ongoing turmoil in the crypto industry serves as a reminder of the huge risks...
India, China, Korea drive growth as global intellectual property filings touch records in 2021: WIPO
Daren Tang,Director General,WIPO. Data published in WIPO’s latest World Intellectual Property Indicators report indicates that innovators filed 3.4 million patent applications globally last year, which was up 3.6 per cent from 2020 – with Asia driving more than...
Talent & inflation to trigger highest pay hikes next year in US : WTW Study
Even as they dole out higher salaries, fewer than one in ten employers plan hikes that would match inflation, according to research from consultant Gartner Inc. More common tactics include increasing flexible-work arrangements or boosting incentive or merit-based pay...