The total loss of a container ship like the GFS Pride is relatively...
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Setback for TikTok as EU Court adviser backs Gatekeeper label
The case, the first involving the EU’s Digital Markets Act (DMA) to...
French supermarkets’ cyber insurance unlikely to cover food losses, insurers say
Cyber insurance typically does not cover physical losses from...
APAC medical cost growth projected to slow to 9.7% in 2027, Aon Report
The projected medical trend rate remains substantially above the forecast for APAC general inflation rate of 2.5%. After accounting for inflation, the net medical trend rate is expected to decline from 8.9% in 2026 to 7.2% in 2027. The decline in the regional trend...
World Bank in talks with dozens of countries about crisis aid, Banga says
Ajay Banga,president, World Bank A sharp spike in diesel and fertilizer prices and other factors, including the looming super El Niño weather effect, were adding to challenges facing developing countries, Banga said in an interview ahead of this week's annual...
4 dead from storm as Isaias brings threat of floods across the Southeast
The Atlantic hurricane season has been unusually quiet this year, and Isaias was the first hurricane to hit the eastern U.S. since 2024 PANAMA CITY BEACH, Fla: Isaias peeled off hotel and condominium rooftops and facades along the Florida Panhandle before charging...
Landslide, possible dam breach may have triggered Nepal flash flood,damages two hydropower projects damaged
The flood that struck Nepal around 4 am local time swept away houses and bridges in Gorkha district and damaged two hydropower infrastructure. At least 10 people remain missing, while nearly 50 people have been rescued, according to Nepali authorities. Kathmandu: A...
South Korean banks were likely hacked by a China-based actor with an AI agent, CrowdStrike says
Adam Meyers, senior vice president of counter adversary operations at CrowdStrike, told reporters on a call on Thursday that this was an example of a human adversary leveraging AI agents to conduct widespread attacks. The suspect behind recent cyberattacks at South...
Companies experience sharp increase in business interruption losses, says Allianz
According to a new analysis from Allianz Commercial, the average total value of a business interruption claim now exceeds €850,000. This is around 70% higher than the corresponding average property damage claim of close to €500,000, demonstrating that the financial...
Businesses boost risk management spend but resilience gap remains;Hiscox report
Kate Markham, Hiscox London Market CEO, said: “Our research highlights a growing resilience gap. While organisations are investing more in risk management, many still lack the structures, visibility and capabilities needed to understand how disruption spreads across...
World faces risk cocktail from AI, oil and debt, says IMF chief
“The AI building boom is inflationary. The energy and food shocks are inflationary. Tariffs, defense spending, and high public debt can be inflationary,” Georgieva said. She called for a “prudently hawkish bias” on the part of central banks, and said countries that...
UK watchdog opens first Online Safety Act probe into Meta
Ofcom said its investigation would establish whether Meta carried out a “suitable and sufficient” assessment of the risks of illegal content on the feature and any risks posed to children before its launch. London:Britain’s communications regulator opened its first...
War in Ukraine escalates with drone strikes on cargo ships in Black Sea
They also reflect how the Black Sea is becoming an increasingly precarious corridor for agricultural trade, raising concerns over how crops from two of the world’s biggest exporters — Russia and Ukraine — will reach global buyers. Attacks on commercial vessels off the...