A move to sell Thailand and Vietnam would follow other previous...
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Fed lowers rates but sees slower pace of further cuts, firmer inflation
U.S. central bankers now project they will make just two...
Allianz scraps proposed acquisition of Singapore’s Income Insurance, source says
Singapore's prime minister said in October that the city-state...
AXIS Re to exit property reinsurance business, Ann Haugh will replace Arora as new CEO
“The decision to close our Property Reinsurance business was not taken lightly and was driven by the significant and increasing effects of climate change and the challenges faced by the catastrophe reinsurance market. We are committed to doing all we can to help...
Gallagher Re continues to strengthen APAC region with senior hires
Mark Morley, Managing Director of Asia Pacific at Gallagher Re, said, “ These latest senior appointments build out our strategic analytical, actuarial and client engagement capabilities across the wider Asia Pacific region, which continues to be a significant growth...
Australian court asks Google to pay politician over defamatory YouTube videos
By continuing to publish the content, Google breached its own policies of protecting public figures from being unfairly targeted and "drove lawmaker John Barilaro prematurely from his chosen service in public life and traumatised him significantly," judge, Steve Rares...
49 killed in fire at Bangladesh chemical container depot
“The fire was caused by chemicals including hydrogen peroxide, making the situation difficult,” fire service chief Brigadier General Mohammad Mainuddin told reporters at the scene where the firefighters were trying to extinguish the blaze amid intermittent explosions...
Head of Deutsche Bank’s DWS steps down after ‘greenwashing’ raids
As firms market their environmental, social and governance-related (ESG) credentials in an attempt to tap the trillions of dollars looking to have climate- and socially friendly impact, regulators are beginning to dig deeper into their claims FRANKFURT: The chief...
Carmakers feel chip crisis easing as global growth slows
Even as demand for cars boomed, auto manufacturers have had to curtail output as plants globally could not source enough chips critical for increasingly computerised vehicles The outages have been so severe that global passenger car output has barely shown signs of...
Test makers target Monkeypox market as cases rise globally
More than 550 confirmed cases of monkeypox have been reported by about 30 countries since early May. The majority were in Europe and not linked to travel to Africa, where the virus is endemic. Public health authorities suspect some degree of community transmission. No...
Japan recorded biggest population drop in 2021
Japan has one of the fastest aging populations on earth, and the country's closed borders over the course of the COVID-19 pandemic have hastened the shrinkage of its workforce Japan recorded a record low number of births in 2021, prompting the biggest ever natural...
Foot-and-mouth disease reaches Australian shores as Indonesia outbreak spreads
Foot-and-mouth is a highly contagious disease that affects cattle, sheep, goats and pigs. It is characterized by fever and blister-like sores on the tongue and lips, in the mouth, on the teats and between the hooves. The virus has not been detected in Australia for...
Allianz sells a majority stake in its Russian operations
The partial sale would result in a 400 million euro ($429.80 million) hit to Allianz’s net profit, the company said. Companies have been scrambling to shed assets in Russia since the invasion, which Russia has called a “special operation.” The insurer Allianz said on...