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Venezuela faces $6.7 billion in economic losses from earthquakes:UNDP
Direct physical damage is estimated at $6.7 billion (range of $4.7...
Iran and US step up attacks and threaten to escalate
Iran's foreign minister, Abbas Araqchi, said responsibility for...
Beyond Brexit: Britain’s financial sector charts a new course
“I did believe the City would have another life after Brexit, but I didn’t know it would be so quick and so strong,” said Soren Jessen, whose 1 Lombard Street restaurant faces the Bank of England. Sales are better than ever, he said. London:In the buildup to 2016’s...
Hormuz tanker transits recover after security jitters
There could be more ships plying the strait with their transponders switched off, plus outages reported with AIS ship tracking data, shipping sources said. AIS is the tracking system which traders follow to get information on ship movements. Oil and liquefied natural...
Hormuz transit security is ‘Hour to Hour’ play, Chubb CEO says
“Mines are the greatest uncertainty” in the strait, Greenberg said, as US and Iranian negotiators held talks in Switzerland on a permanent ceasefire and to lock in free passage through the waterway.We’re talking more about a war-zone environment. Only a narrow channel...
Optimism after first talks as US waives Iran sanctions and Lebanon fighting abates
Iran and the US have set up a communication line to “avoid incidents and miscommunication” related to maritime traffic through the Strait of Hormuz, where shipping volumes have picked up in recent days, even if they’re still far off pre-war levels. BUERGENSTOCK,...
Iran declares Hormuz closure over Lebanon fighting, US says waterway remains open
U.S. President Donald Trump, in response, threatened to impose American tolls in the crucial waterway if a final deal with Iran isn’t reached in 60 days, saying the money would be for “services rendered as the Guardian Angel to the countries of the Middle East.” TYRE,...
Lloyd’s:A new marine war risk consortium launched to support Strait of Hormuz shipping
The new marine war risk consortium will issue primary policies for vessels and cargo. It will provide up to $200 million of capacity separately for hull and P&I risks, with an additional $200 million of dedicated cargo capacity. Chubb will serve as lead...
Stranded ships transiting the Strait of Hormuz:Lloyd’s List
In a media briefing, Richard Meade, editor in chief of Lloyd’s List, said for the first time in 110 days, ships owned by major companies are transiting the strait after effectively being marooned there since February London:Major shipowners have begun moving vessels...
Cyber scams rise sharply across Asia: Interpol
The report comes as governments across Asia are grappling with an explosion in online fraud fueled by sprawling scam networks that monitoring groups say increasingly operate across borders and generate tens of billions of dollars a year. Once concentrated in parts of...
Allianz leads race for HSBC Life Singapore
HSBC had shortlistedAllianz, Sumitomo Life Insurance Co. and Daiichi Life Group Inc. as bidders for the Singaporean insurance unit. Other insurers including Sun Life Financial Inc. and Nippon Life Insurance Co. were said to be in the frame for the unit previously....
Emirates adds War Cover amid gulf rebound
The product includes medical coverage for conflict-related incidents, with airline-managed hotel accommodations and support for extended stays, according to the statement. Emirates also will rebook connecting services for affected passengers at no extra cost, even if...