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Delta Air Lines offer $30,000 to each passenger for Toronto disaster
Carriers in the past have made similar payments, such as $5,000 to...
Some tankers in Mediterranean Sea visiting Russian ports hit by mystery explosions
“All the indications are that these have been deliberately...
Cyber criminals hold Asian tech workers captive in scam factories
Thousands of people, many with tech skills, have been lured by social media advertisements promising well-paid jobs in Cambodia, Laos and Myanmar, only to find themselves forced to defraud strangers worldwide via the internet CHENNAI/BANGKOK: Indian engineer Stephen...
Hong Kong’s Lee touts ‘China advantage’ to rebuild city’s image as financial hub
John Lee, Chief Executive, Hong Kong "Hong Kong remains the only place in the world where the global advantage and the China advantage come together in a single city," Hong Kong leader John Lee told roughly 250 summit participants, mostly comprising of local financial...
Russian hackers account for most 2021 ransomware schemes, U.S. says
In analysis issued in response to the increase in number and severity of ransomware attacks against critical infrastructure in the United States since late 2020, the U.S. Financial Crimes Enforcement Network (FinCEN) said it had received 1,489 ransomware-related...
Insurance for Ukraine grains shipments cut after Russia suspension -sources
Ships entering the three ports, which have been part of the agreement, are usually required by their banks to have various insurance policies in place including hull and cargo war cover, which is renewed every seven days London: Insurers are no longer offering new...
Lockton Asia appoints Ben Son as Korea CEO
"Combining the teams' expertise, reputation, relationships, and revenue, will result in continued acceleration of Lockton Korea's growth trajectory and position as a leading insurance brokerage," said Juyeol Lee, President of Lockton Korea SEOUL: Lockton, the world's...
Global investments in InsurTechs fall 2.5% to $2.35 billion in Q2 2022
In this most recent quarter, 53.5% of all disclosed APAC funding went into India-based InsurTechs, which raised an impressive $210.76 million. In terms of all deals ever completed, InsurTechs from 18 APAC countries have raised $7.77 billion through 447 deals , which...
Insurer Ascot pauses writing new cover for Ukrainian shipments
“From today we are pausing on quoting new shipments until we better understand the situation,” Ascot head of cargo Chris McGill told Reuters. "Insurance that has already been issued still stands.” London: Lloyd’s of London insurer Ascot is pausing writing cover for...
Cyber officials from 37 countries, 13 companies to meet on ransomware in Washington
One key topic for discussion will be how to disrupt such attacks, counter the illicit movement of cryptocurrencies and build resilience against such attacks, the official said The White House hopes the meeting will allow participating countries to "institute a set of...
The world’s food security is at stake as Russia exits Ukraine grain deal
“Grain prices could potentially rise between 5% and 10% in coming days as markets “absorb the bad news,” said David Laborde of the International Food Policy Research Institute in Washington Along with a reduction of exports, the early termination of the Black Sea deal...
Workers leave biggest iPhone plant in China to escape Covid curbs
China’s zero-tolerance approach to the pandemic has idled factories and up-ended supply chains. Closed loops enable companies to stay operational during lockdowns but take a toll on workers, whose movements are severely limited, with some even required to sleep on...