AGI wrote to its clients late last week to advise that its...
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US court allows investor lawsuit against Musk over Twitter purchase
Elon Musk A Manhattan federal judge on last Friday said investors...
Japan estimates feared megaquake could cause $1.8 trln in damage, kill 300,000 people
Japan is one of the world's most earthquake-prone countries, and...
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...
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...