While Berkshire didn’t describe the nature of the posts, the firm’s...
Category:
International News
Latest
Global credit starts to wobble as market pain spreads
Overnight in Asia, the Markit Itraxx Asia ex-Japan index,...
Rains add to challenge for Myanmar quake relief, toll at 3,471
In neighbouring Thailand, authorities said that country's death...
Indonesia quake kills more than 50, wounds hundreds, destroys homes
The country of more than 270 million people is frequently struck by earthquakes, volcanic eruptions and tsunamis because of its location on the Ring of Fire, an arc of volcanoes and fault lines in the Pacific Basin Jakarta; A 5.6-magnitude earthquake killed more than...
COP27 ends with historic decision on damage fund, little progress on other issues
“The countries fell short of agreeing to a phasedown of all fossil fuels, which speaks to the energy crisis and the hold of the oil and gas lobby at this COP,” Aarti Khosla, Director, Climate Trends New Delhi: While the UN climate summit in Egypt concluded with a...
Historic compensation fund approved at UN climate talks
The decision establishes a fund for what negotiators call loss and damage. It is a big win for poorer nations which have long called for cash sometimes viewed as reparations because they are often the victims of climate worsened floods, droughts, heat waves, famines...
Big Pharma may have to reveal government deals in WHO’s draft pandemic rules
The aim of the pact, commonly known as the pandemic treaty, is to prevent the next global health crisis from being as devastating as COVID-19 and improving the global response that left many of the world's poorest countries behind The draft recognises the importance...
Twitter should convey how it is protecting Americans’ online data: White House official
WASHINGTON: A White House official said Friday that “this administration believes every company – including social media companies - should take all necessary steps to protect the safety of Americans’ online data." "Twitter should speak to how they are ensuring that...
No proposal on loss and damage funding in draft COP 27 climate deal document
Loss and damage refer to the consequences of climate change that go beyond what people can adapt to, or when options exist but a community doesn’t have the resources to access or utilise them Financing or a new fund for addressing loss and damage — for example money...
AUM Asset Management launches ILS Ocean Fund Investing in ILS
The underwriting strategy for The Fund will mirror that of the captive insurance company in which it is invested, Ocean International Reinsurance Co Ltd. ("Ocean RE"), and will take a vertical cut of all lines of business (excluding Life Business), supported by the...
Network of Twitter fake accounts stoked violence in UK
An estimated 500 inauthentic accounts that called for violence and promoted memes as well as incendiary videos were created on Twitter Inc. during riots in Leicester between late August and early September this year, according to the Network Contagion Research...
FTX’s Bankman-Fried, celebrity promoters sued in US by crypto investors
The proposed class action filed late Tuesday night in Miami alleges that FTX yield-bearing accounts were unregistered securities that were unlawfully sold in the U.S When the crypto exchange faltered on liquidity concerns, U.S. investors sustained $11 billion in...
UK in advanced talks with regulators on insurance reforms
Ministers have pushed for insurers to be able to direct more capital into areas such as infrastructure and climate transition. The Prudential Regulation Authority (PRA) has warned that loosening the restrictions on where insurers can invest could put future...