Notably, these uncertainties come at a time of slowing US and...
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Delta plane flips upside down on landing at Toronto airport, injuring 18
U.S. carrier Delta said a CRJ900 aircraft operated by its Endeavor...
Aon appoints Jennifer Richards as CEO of Asia Pacific
Jennifer Richards, CEO designate, Asia Pacific, Aon "The Asia...
China’s Fosun weighs options for Hong Kong-based Peak Re: Sources
Fosun is working with a financial adviser as it considers options including the potential sale of its majority stake or a minority interest in the reinsurer, the people said, asking not to be identified because the matter is private. A transaction could value Peak Re...
Singapore says crypto ban not feasible, proposes risk mitigation measures
While putting out the regulatory measures in the public domain, the Singaporean central bank said though trading in cryptocurrencies is "highly risky" and not suitable for the general public such digital assets play a supporting role in the broader digital asset...
Historic net-zero international flight goal agreed at UN conference
To achieve this aim, several CO2 emissions reductions measures will need to be put in place, such as the accelerated adoption of new and innovative aircraft technologies, streamlined flight operations, and the increased production and deployment of sustainable...
Re/insurers face tough issues over large potential claims From Nord Stream Pipeline Blasts
Munich Re and syndicates within the Lloyd’s of London market are among the major underwriters for Nord Stream 1 and it was unclear whether they would renew its cover If the insurance is not renewed, the prospect of the pipeline bringing gas to Europe under the Baltic...
Fungal infection list launched by WHO flags global health threat
"Emerging from the shadows of the bacterial antimicrobial resistance pandemic, fungal infections are growing, and are ever more resistant to treatments, becoming a public health concern worldwide," said Dr Hanan Balkhy, WHO Assistant Director-General for antimicrobial...
Australian health insurer says data of all customers hacked
“Our investigation has now established that this criminal has accessed all our private health insurance customers' personal data and significant amounts of their health claims data,” Medibank chief executive David Koczkar said in a statement to the Australian...
Uber drivers declared as employees by New Zealand court
The Employment Court highlighted the need to adopt a purposive approach to determining the status of the drivers, having regard to the applicable legislation and its role in protecting vulnerable workers, regulating the labour market, and ensuring the maintenance of...
Unilever recalls aerosol dry shampoos over cancer risk
The move once again raises questions about the safety of aerosols in personal-care products. In the past year and a half, a number of aerosol sunscreens have been pulled from shelves, such as Johnson & Johnson’s Neutrogena, Edgewell Personal Care Co.’s Banana Boat...
Fitch rates its first natural disaster clause Sovereign Bond
`On 20 October we assigned a rating of ‘B’ to Barbados’s US dollar-denominated global bonds maturing on 1 October 2029. The issue includes provisions for payments to bondholders to be deferred for up to two years in the event of a pre-defined natural disaster. This is...
Climate change becomes the number one risk in all geographies: AXA Report
Thomas Buberl, CEO, AXA Geopolitical risks come in second place, overtaking cyber and pandemic risks. 95% of the experts surveyed expect geopolitical tensions to persist and spread throughout the world. As an indirect consequence, energy-related risks are now in...