The plane hit the runway at a 50% greater descent velocity than the...
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Heathrow Airport fire has significant but manageable financial and operational implications
The cost of the impact could total around 20 million pounds ($26...
MS Amlin binds landmark Ukraine reinsurance facility
Under the scheme, MS Amlin has committed EUR 80 million in...
India to surpass China as most populous country in 2023, U.N. report says
In 2021, the average fertility of the world’s population stood at 2.3 births per woman over a lifetime, having fallen from about 5 births in 1950. Global fertility is projected to decline further to 2.1 births per woman by 2050 India is set to surpass China as the...
China unveils action plan to improve domestic standards across industries
The plan covered a wide range of domestic industries, as well as setting out tasks to help achieve broader goals such as China’s net-zero emissions plan and better prevention of major epidemics and terrorism attacks China on Friday published an action plan to improve...
Global EV shipments up 79% YoY in Q1, Tesla leads: Report
"With EVs comprising just 12 per cent of the total passenger vehicle shipments during the first quarter of 2022, there is a lot of scope for expansion. Fresh players are entering the market to benefit from the opportunity," Senior Research Analyst Soumen Mandal, said...
Flooding affects 7.2mn people in Bangladesh: UN
According to the statement, the Bangladeshi government has evacuated over 472,000 people to some 1,605 shelters Dhaka: An estimated 7.2 million people have been severely affected in Bangladesh following devastating flash floods which began in May with a second wave...
ECB climate stress test flags $71 billion risk to euro zone banks
“Euro area banks must urgently step up efforts to measure and manage climate risk, closing the current data gaps and adopting good practices that are already present in the sector,” said the ECB’s chief supervisor, Andrea Enria A sudden jump in carbon prices coupled...
UN: 2.3 billion people severely or moderately hungry in 2021
"The most recent evidence available suggests that the number of people unable to afford a healthy diet around the world rose by 112 million to almost 3.1 billion, reflecting the impacts of rising consumer food prices during the (COVID-19) pandemic," the heads of five...
Markel International expands renewable energy team with 2 key offshore wind appointments
These appointments are the latest in the build-out of a highly skilled and reputable team, equipped to provide a market-leading offering to its clients in the global renewable energy market London: Markel International, a subsidiary of Markel Corporation, has...
Miller acquires of Japanese broker Lead Insurance Services
Founded in 1994, Lead specializes in Hull, War Risks and Protection & Indemnity insurance, offering a highly complementary service to Miller’s current marine capabilities. Lead has a strong client base and has been working alongside Miller for a quarter of a...
Soaring inflation rates and Ukraine war push 71 million into poverty globally, warns UNDP
"Unprecedented price surges mean that for many people across the world, the food that they could afford yesterday is no longer attainable today/,This cost-of-living crisis is tipping millions of people into poverty and even starvation at breathtaking speed and with...
Europe’s resilience test for banks’ climate risk is softer than expected
Banks participating in the exercise had to estimate how events such as floods would impact mortgage values, or how big a hit they faced if corporate clients defaulted after a spike in carbon prices Europe’s Landmark Test of Banks’ Resilience to Climate Risk Is Softer...