Estimating insured losses is difficult given that fires are not...
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China discusses sale of TikTok US to Musk as one possible option
Under one scenario that’s been discussed by the Chinese government,...
Global electric vehicle sales up 25% in record 2024
Sales in China jumped 36.5 per cent to 1.3 million vehicles in...
Aon strengthens its natural resources offering across APAC by naming new leaders
“With the changing landscape of the oil, gas and mining industry driven by Environmental, Social and Governance strategies, as advisors we need to be at the forefront of developing offerings to support with energy transition amid emerging volatility,” said Melissa...
Google Search witnesses massive outage, affects tens of thousands of users
There was an electrical incident at a Google facility in Iowa on Monday, sending three people to a nearby hospital, according to local media reports. It’s not clear whether the episode is related to the service outage. Problems loading the Google website and...
Argenta to wind-down Singapore platform
This change follows a decision by the ASML Board to re-allocate capacity to other underwriting opportunities worldwide, including AUA’s branch offices in Australia which are unaffected by the decision in respect of the Singapore business In due course, it is expected...
China: AIA in talks to buy billion-dollar Shanghai Tower in growth push
The office would mark the insurer’s commitment to expand in China despite economic headwinds from stringent Covid restrictions. AIA became the first wholly owned foreign life insurer in the country after turning its Shanghai branch into a subsidiary in 2020, paving...
Malaysia to offer crop insurance to push food security Push
The Agro-Food Takaful Insurance Scheme will be launched through the Ministry of Agriculture and Food Industries and will initially be offered to the nation’s 189,500 rice farmers, Prime Minister Ismail Sabri Yaakob said. The insurance cover will be expanded in stages...
From 7-11s to train stations, cyber attacks plague Taiwan over Pelosi visit
Taipei has not directly blamed the attacks on the Chinese government, but has said that the attacks on government websites — which paralyzed the sites’ operations — originated from addresses in China and Russia. It also said the firms whose displays were changed had...
Russia finds a new route to oil market via a tiny Egyptian port
The unusual move makes the cargo’s ultimate destination harder to track, adding to a trend of Russian oil shipments becoming increasingly obscured since European buyers began to shun them following the nation’s invasion of Ukraine Russia appears to have found a new...
Ukraine seeks to extend shipping safe passage deal beyond grain
“We expect that the security guarantees of our partners from the U.N. and Turkey will continue to work, and food exports from our ports will become stable and predictable for all market participants,” Ukrainian Infrastructure Minister Oleksandr Kubrakov said on...
Japan truck manufacturer Hino says it faked emissions data for 20 years
Teams that were developing engines knew they couldn’t meet targets and felt so pressured they falsified test results, Ogiso said. That led to more deception, as workers covered up their wrongdoing. No safety problems are believed to be involved, Ogiso said TOKYO: Hino...
Twitter rejects Musk’s claims that he was hoodwinked
The two sides head to trial on Oct. 17 after Musk sought to abandon his deal to acquire Twitter over what he says is a misrepresentation of fake accounts on the site Twitter Inc. on Thursday dismissed Elon Musk’s claims in a Delaware court filing that he was...