“Rising geopolitical tensions, a fracturing of global trust and the...
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US SEC sues Elon Musk over late disclosure of Twitter stake
Elon Musk In a complaint filed in Washington, D.C. federal court,...
Allianz Risk Barometer 2025: Business interruption top business risk in Asia
Christian Sandric, Regional Managing Director of Allianz Commercial...
Biden admin announces $3 billion in FEMA climate resilience funding
The White House said in April that the upper range of climate change’s hit to the U.S. budget by the end of the century could total a 7.1% annual revenue loss, equal to $2 trillion a year in today’s dollars The Biden administration on Friday announced it is putting...
Chinese technology in ‘Internet of Things’ poses new threat to West: Reports
The Internet of Things (IoT) has evolved from niche industrial applications to being ubiquitous in homes, offices and some vehicles. These technologies are great to help in our day-to-day life but it turns out to be data collectors which can be used by a hostile state...
France battles ‘monster’ wildfire near Bordeaux for third day
France is in the grip of its worst drought on record, with a fourth heatwave of the summer sweeping across the country this week. More than 57,200 hectares have gone up in flames so far in France this year, nearly six times the full-year average for 2006-2021, data...
Johnson & Johnson drops talcum powder globally as lawsuits mount
The health conglomerate has spent years seeking ways to contain its legal liabilities. It faces 40,300 lawsuits in the US over its talc-based powders, according to a company filing last month with the U.S. Securities and Exchange Commission Johnson & Johnson said...
In India,7.3% of the population owned digital currency in 2021, 7th highest in the world: UN
“If cryptocurrencies become a widespread means of payment and even replace domestic currencies unofficially (a process called cryptoisation), this could jeopardise the monetary sovereignty of countries,” UN said Ukraine topped the list with 12.7 per cent, followed by...
9 million people die each year from neurological disorders: WHO
Neurological disorders, which include stroke, migraines, dementia and meningitis. WHO reported that 43 per cent of children under five in low- and middle-income countries - nearly 250 million boys and girls - are believed to miss their developmental potential due to...
Heat, drought and wildfires during one of the warmest Julys on record– WMO
“This is despite the La Niña event that’s meant to have a cooling influence,” explained WMO spokesperson Clare Nullis “We saw this in some places, but not globally,” she added, noting that it was “one of the three warmest [Julys] on record, slightly cooler than July...
Threats of drought, flooding and blistering heat keeping supplies of global crop tight and prices elevated
Rice, another important Indian crop, was planted on a smaller area so far this season due to a lack of rainfall in some main growing areas, including West Bengal and Uttar Pradesh, which account for a quarter of the country’s output. This will potentially reduce...
Munich Re’s profit slumps, investment portfolio takes a hit of almost $1 billion
The reinsurer already wrote down the value of Russian and Ukrainian bonds by almost 700 million euros in the first quarter, and also booked about 200 million euros in war-related reinsurance costs in the first half of the year The Munich-based company wrote down the...
“Ships exporting Ukraine grain through the Black Sea will be protected by a 10 nautical mile”
The initiative has been operating in a trial phase for the past two weeks. Ten ships – stuck in Ukraine since the war started – have departed with corn, soybeans and sunflower oil and meal. Two empty vessels have traveled to Ukraine to collect shipments. The biggest...