The upshot is a broad-based retreat from the environmental and...
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Blackout- Spain and Portugal companies count the cost
Spain’s main business lobby CEOE estimated the outage would shave...
Hackers target ransomware by disrupting Marks & Spencer Group
A group of suspected cybercriminals hit the company with a kind of...
Ukraine grain export deal back on track as Russia resumes participation
The grain deal, originally reached three months ago, had dispelled a global food crisis by lifting a de facto Russian blockade on Ukraine, one of the world’s biggest suppliers. The prospect that it could fall apart this week had revived fears of global hunger and...
Europe hotting up more than twice global average: WMO
In 2021, high impact weather and climate events led to hundreds of fatalities, directly affected more than half a million people and caused economic damages exceeding $50 billion. About 84 per cent of the events were floods or storms As the climate continues to...
China locks down area around world’s largest iPhone factory after Covid spike
Foxconn’s Zhengzhou facility is responsible for 80% of capacity for the iPhone 14 series, with more than 85% of iPhone 14 Pro capacity based there, according to Counterpoint senior analyst Ivan Lam. Any disruption there threatens to snarl Apple’s finely orchestrated...
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...