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Yemen’s Houthis to target only Israel-linked vessels following Gaza deal
Higher war risk insurance premiums, paid when vessels sail through...
New research by the Geneva Association analyses the effects of ‘slowbalisation’ on the insurance industry
Jad Ariss, Managing Director of the Geneva Association, said: “The...
Vietnam may replace China as factory of the world in near future
As Southeast Asia eases its epidemic restrictions and China continues to battle Omicron flare-ups in its major cities, a new wave of headlines emerged over whether factory orders will continue to flow out of China, and if China should have a sense of crisis as global...
Cryptocurrencies: Cybercriminals cause security risks
According to a new book by Geoff White, “The Lazarus Heist,” the North Korea's hackers have been become increasingly sophisticated over the past decade, managing to steal an estimated $2 billion worth of cryptocurrency to date. Crypto investors should expect the gang...
UN chief warns of ‘catastrophe’ from global food shortage
Antonio Guterres, Secretary-General “There is a real risk that multiple famines will be declared in 2022,” U.N. Secretary-General Antonio Guterres said in a video message to officials from dozens of rich and developing countries gathered in Berlin. “And 2023 could be...
Calif. top court to consider employer liability for COVID infections
It was the first ruling of its kind. Business groups have said allowing employers to be held liable for so-called "take-home" COVID infections will prompt lawsuits not only by workers' family and friends but by anyone infected by that circle of people. Companies...
Covid vaccines in time saved an estimated 20 million lives in the first year of the rollout: Study
High- and upper-middle income countries accounted for the greatest number of deaths prevented -- more than 12 million More could have been done to extend the benefits of vaccines to a wider number of people, according to a commentary in the same journal. Inequitable...
Google warns spyware ‘Hermit’ targeting high-profile Android victims
Cyber-security researchers last week unearthed 'Hermit' that is being used by the governments via SMS messages to target high-profile people like business executives, human rights activists, journalists, academics and government officials Google has found strong...
German Insurtech Wefox seeks funding at over $5 billion value
Wefox has carved out a different niche in the insurtech space, opting to distribute its insurance policies through a network of agents rather than hawking its products directly to consumers like some other startups The latest fundraising comes amid a challenging...
WHO considers declaring monkeypox a global health emergency
Last week, WHO Director-General Tedros Adhanom Ghebreyesus described the recent monkeypox epidemic identified in more than 40 countries, mostly in Europe, as “unusual and concerning.” Monkeypox has sickened people for decades in central and west Africa, where one...
Electric vehicles could take 33% of global sales by 2028-AlixPartners
EVs accounted for less than 8% of global sales last year, and just under 10% in the first quarter of 2022 To support that demand, automakers and suppliers now expect to invest at least $526 billion on EVs and batteries from 2022-2026, the firm said at its annual...
Strong earthquake kills at least 280 in Afghanistan
Most of the confirmed deaths were in the eastern Afghan province of Paktika, where 255 people had been killed and more than 200 injured, said interior ministry official Salahuddin Ayubi. In Khost province, 25 people had been killed and 90 taken to hospital, said a...