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Slain UnitedHealth CEO puts new focus on CEO safety policy
No UnitedHealth executive receives benefits specifically related to...
‘Digital gold’ Bitcoin surpasses $1,00,000 for first time, may reach $120,000 soon: Experts
According to Vishal Sacheendran, Head of Regional Markets at...
Fed hikes rates half point, biggest rise in 22 yrs to curb US inflation
Fed Chair Jerome Powell “The committee is highly attentive to inflation risks,” the Fed said in the statement, adding a reference to Covid-related lockdowns in China that “are likely to exacerbate supply chain disruptions.” That comes on top of Russia’s invasion of...
Jenny Lim appointed as CEO, Howden Singapore
Singapore/ London: Howden, the international insurance broker, today announces that it has promoted Jenny Lim to the role of CEO, Howden Insurance Brokers (S.) Pte. Ltd. effective 1 May. Singapore is an important market for Howden and it is Howden’s largest retail...
Allianz and Sanlam to merge their African business to form the largest pan-African insurer
Combining Sanlam’s expertise in Africa with Allianz’s global capabilities and insurance solutions, particularly for multinational businesses, the partnership aims to increase life and general insurance penetration, accelerate product innovation and drive financial...
Berkshire shareholders look beyond Warren Buffett, Charlie Munger
Warren Buffett Buffett, 91, has run Berkshire since 1965 Shareholders supported letting Buffett keep both the chairman and chief executive roles by a nearly 6-to-1 margin, Berkshire said at its annual meeting in Omaha, Nebraska Berkshire Hathaway Inc. shareholders on...
Apple hit with EU antitrust charge over mobile payments technology
"We have indications that Apple restricted third-party access to key technology necessary to develop rival mobile wallet solutions on Apple's devices," EU antitrust chief Margrethe Vestager said in a statement BRUSSELS: Apple faces a possible hefty fine and may have...
China contagion threatens to derail the world’s emerging markets
“Given China’s importance in global supply chains and importance to global growth prospects, further disappointments in the nation’s growth may lead to more contagion risk. We see countries with high trade linkages to China as being the most vulnerable” Johnny Chen...
Supply chains continue to face hurdles, global economy faces recovery challenges
The Swiss company has developed its own disruption indicator called Seaexplorer. At its peak the end of February, the measure showed about 17 million container waiting days — essentially cargo that’s bogged down in congestion globally Global supply chains are knotting...
Premature to attribute extreme heat in India, Pakistan solely to climate change but heatwaves more intense: WMO
Heatwaves have multiple and cascading impacts not just on human health, but also on ecosystems, agriculture, water and energy supplies and key sectors of the economy,” the WMO said adding that the risks to society underline why it is committed to ensuring that...
Generali CEO Donnet survives but faces rebel pressure
Philippe Donnet, CEO,Generali, “The unambiguous choice of a majority of shareholders is proof of the confidence they have in our management team and strategic plan,” said Donnet, who enjoyed the backing of leading investor Mediobanca and Generali’s institutional...
Allianz toughens oil & gas policy to help meet climate goal
With pressure mounting to accelerate corporate efforts to reduce emissions, Allianz announced that beginning in 2023, it would cease issuing new property and casualty insurance to fund new oil and gas projects and would cease renewing existing contracts in July 2023...