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Aon’s president Eric Andersen made sr advisor to CEO Case
The role of president has been assumed by Case. Andersen joined Aon...
At least 33 dead as tornadoes ravage central US
"Numerous significant tornadoes, some of which may be long-track...
Cyber pirates can now penetrate modern ships’ key operations
Hapag-Lloyd AG, Germany’s largest shipping line, announced in April that it’ll become the first carrier to equip its entire fleet of containers with real-time tracking devices. Most of the large container lines use remote sensors for functions like monitoring engine...
Vulnerability driving emerging-world climate policy commitments: WTW analysis
Of 62 nations and territories assessed in the WTW Political Risk Index, the governments of Bangladesh, Malaysia, the Philippines, Chile, and Senegal are most strongly committed to prioritising climate when making public policy. Understanding a country’s vulnerability...
UK aims for quick reform of complex insurer solvency rules, says Sunak
Rishi Sunak, finance minister,UK Britain inherited Solvency II rules from the European Union, and reforming them is seen by the 2.2 trillion pound ($2.70 trillion) insurance industry and government as important for keeping the country's financial sector globally...
European fund managers set to go all in on ESG, survey says
“As regional regulations become increasingly stringent and as efforts towards the development of global ESG standards intensify, managers – especially those willing to compete at a global level – will be pushed towards an all-encompassing alignment of their products...
Russia defaults on foreign-currency sovereign debt for 1st time since 1918
Russia has pushed back against the default designation, saying it has the funds to cover any bills and has been forced into non-payment. As it tried to twist its way out, it announced last week that it would switch to servicing its $40 billion of outstanding sovereign...
WTW appoints Lee Garvey as Regional Head of Financial Solutions in Asia Pacific
Commenting on Lee’s appointment, Stuart Ashworth, Head of International, Financial Sol said, “During this period of geopolitical upheaval, we believe our clients need our services more than ever. We have ambitious plans for Asia Pacific and this appointment reflects...
EU releases 2 million euros to support flood victims in Bangladesh, India
The floods this year are considered worse than those experienced in 1998 and 2004 New Delhi; The European Commission has released 2 million euros in funding for emergency relief assistance to those affected by the current floods in India and Bangladesh. The support...
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...