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Japan to give crypto assets legal status as financial products, Nikkei says
As part of the move, crypto assets will be put under insider...
Aftershocks rattle devastated city of Mandalay
The initial 7.7-magnitude quake struck near the central Myanmar...
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...
Berkshire Hathaway posts massive $43.8 bln loss; operating results improve
Warren Buffett, chairman, Berkshire Hathaway Operating results, as improved results from reinsurance and the BNSF railroad offset a loss from the Geico car insurer, where car parts shortages and higher vehicle prices boosted losses on accident claims. The slide in...
WMO reports decrease in likelihood of severe Atlantic hurricane season ahead
Over the past 50 years, every single day, they have caused on average 43 deaths and $78 million in damages, according to WMO statistics from 1970-2019 However, based on the data, death tolls have fallen dramatically. This development is thanks to improvements in...
Shippers rerouted vessels as China began military drills around Taiwan
The Taiwan Strait is a key route, with almost half of the global container fleet passing through the waterway this year. The disruption is just the latest inconvenience for supply chains, which have been reeling since the start of the pandemic and Russia’s invasion of...
Airlines scrap, reroute flights as China fires live missiles in drills near Taiwan
The airspace involved is comparatively small, but the disruption from the largest military exercises by China in the area since it fired missiles off the coast in 1996 is hampering travel between Southeast Asia and Northeast Asia SEOUL: Airlines have cancelled flights...
U.S. to declare monkeypox public health emergency
Cases have crossed 6,600 in the United States, as of Wednesday's data Washington: U.S. President Joe Biden's administration plans to declare the monkeypox outbreak a public health emergency as soon as Thursday, the Washington Post reported, citing unidentified...
AM Best maintains stable outlook on Malaysia’s non-life insurance segment
Malaysia's non-life gross written premium rose by 4.0% to MYR 21.97 billion (USD 4.95 billion) in 2021, 44% of which was driven by the general takaful segment. AM Best is maintaining a stable market segment outlook on the Malaysian non-life insurance industry due to...
Sun Life to sell its UK business to Phoenix Group
Sun Life UK manages life and pension policies and annuity blocks for UK Clients. The company is closed to new sales and has been operating as a run-off business in the life and pension policies segment since 2001 Headquartered in London, Phoenix Group is the UK's...
UK regulators approve a second Lloyd’s Protected Cell Company building on the success of London Bridge Risk
Lloyd’s members and managing agents will be able to use the new vehicle to manage their capital and risk management requirements by attracting new sources of capital and reinsurance protection. London: Lloyd’s today announced that it has received regulatory approval...