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Denmark plans $1 billion war insurance for its merchant fleet
Denmark plans to set aside almost $1 billion to insure its merchant...
Berkshire outguns market as Buffett reaches 60 years in charge
Warren Buffet, chairman, Berkshire Hathaway Buffett took over...
Precision Air plane crashes into Lake Victoria in Tanzania, 19 killed
Images shared by East African media showed the aircraft seemingly intact after plunging into Lake Victoria, which borders Tanzania, Uganda and Kenya Nineteen people died after a passenger plane crashed into Africa’s largest lake on approach to an airport in...
Markel Dubai growth further enhances capabilities in MENA region, announces 3 senior appointments
Max Robbie has been promoted to senior executive officer (SEO) at Markel Dubai, subject to regulatory approval. He joined Markel in Dubai in October 2021 and was previously head of upstream energy for Markel in Asia Dubai: Markel International, a subsidiary of the...
Global cyber insurance premium to grow 20% to reach $23 billion by 2025 from $10 billion in 2021: Swiss Re
The market has significant growth potential beyond these projections. Given estimates of annual global cyber losses at around $ 945 billion, roughly 90% of the risk remains uninsured, said Swiss Re Jérôme Haegeli, Swiss Re Group Chief Economist: "As cyberattacks have...
Apple warns of hit to iPhone shipments from China COVID disruption
"But this is part of a much deeper story - the uncertainty surrounding the future of the Chinese economy… These headlines are part of the ongoing saga as to whether there is any truth to the consistent rumours that authorities are discussing whether some of the...
Indian ‘hack-for-hire’ firms target VIPs, states: Report
According to the investigation based on leaked documents and undercover work in India earlier this year, journalists posing as former MI6 agents turned private investigators claim that one gang ''seized control of computers'' owned by Pakistan's politicians, generals...
COP27 begins a ‘new era to do things differently’, issue of “loss and damage” to be discussed
29 countries have now come forward with tightened national climate plans since COP26, five more since the publication of last week’s UNFCCC NDC Synthesis report, but still not a majority, said Simon Stiell, the new Executive Secretary of the UN Climate Convention...
Allianz Global Investors targets $1 bln for tackling climate risks
Private finance in developing economies hit a record $250 billion last year, according to the International Monetary Fund, but must more than double by 2030 to keep on track to hit the world’s climate goal, a London School of Economics study said Allianz Global...
TotalEnergies to take legal action after Greenpeace says it under-reports emissions
Greenpeace France earlier accused the oil giant of under-reporting emissions, sparking a debate about its seriousness in the fight against climate change days ahead of the next round of global climate talks. France’s TotalEnergies said on Thursday it would take legal...
Dutch govt to stop banks credit insurance for fossil fuel exports
Around 20 countries including Germany, the United States, Britain and Canada made similar commitments, but only a few including France have so far implemented them into policy The Dutch government on Thursday said it intends to stop giving companies and banks credit...
Ukraine war led to more damaging and widespread cybersecurity attacks: EU Agency
“Today’s global context is inevitably driving major changes in the cybersecurity threat landscape. The new paradigm is shaped by the growing range of threat actors,” ENISA Executive Director Juhan Lepassaar said in a statement Geopolitics such as Russia’s invasion of...