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Meta fined €798 million by EU over abusing classified ads dominance
“Meta tied its online classified ads service Facebook Marketplace...
Cyber Insurance: Largest potential lies in the SME opportunity, says Swiss Re
Dani Tobler.Head Cyber Reinsurance at Swiss Re "North America...
Ukraine guarantees insurance payouts for vessels damaged at its Danube ports
Ukraine exports almost all its commodities through Black Sea ports now blocked due to the Russian invasion. The government did not provide details of the insurance system but instructed the infrastructure ministry to develop a plan Marine fuel sellers have stopped...
Scientists publish the first complete human genome of world’s 7.9 billion people
"Generating a truly complete human genome sequence represents an incredible scientific achievement, providing the first comprehensive view of our DNA blueprint," Eric Green, director of the National Human Genome Research Institute (NHGRI), part of the U.S. National...
Fossil fuel backers overshadow climate change talks in Dubai
The United Nations Intergovernmental Panel on Climate Change and other international bodies have said that to address climate change there should not be new investments in fossil fuel infrastructure and that the fuels, which are mostly responsible for climate change,...
Swiss Re shareholders urged to oppose chairman’s re-election in gender row
"At Swiss Re, we embrace and build diversity, equity and inclusion, bringing together the best of multiple generations, cultures, skillsets and thinking," the company said in a statement to Reuters ZURICH: Swiss Re shareholders have been urged to vote against the...
S&P Global says Russia-Ukraine insurance losses could reach $35 billion
This includes possible aviation insurance losses totalling $6-15 billion, S&P said in a report. Other speciality lines likely to be affected by the conflict include cyber, political risk and marine war insurance, S&P said LONDON: S&P Global sees losses in...
US$320m WB loan to promote green agriculture and rural development in China’s Southwest
Despite rapid gains in poverty reduction in recent years, two thirds of the rural population have incomes below $5.50 per day, the poverty line for upper middle-income countries. Increasing unsustainable agricultural practices, natural resource degradation and GHG...
World Bank approves $250m to help Bangladesh enhance resilience to future shocks
This financing will help Bangladesh harness digital technology to ensure green and resilient growth, said Bernard Haven, World Bank Senior Economist and Task Team Leader for the project Fiscal and financial sector policies will help sustain growth, while enhancing the...
New Russian airliner will use domestic engines, given sanctions – official
The medium-range plane, also known as the MC-21, can carry more than 200 passengers and is due to enter service this year. First designed with engines from Pratt and Whitney, a unit of Raytheon Technologies, in December 2020 the plane flew for the first time with...
Rare upsurge in bird flu makes for worst-ever crisis in France
After a first wave led to the culling of around 4 million birds in the southwestern part of the country, France has been facing outbreaks believed to have been brought by wild birds on their way back, the first time this has happened in a significant way France is...
World records staggering number’ of unintended pregnancies: UNFPA
Over 60 per cent of unintended pregnancies end in abortion and an estimated 45 per cent of all abortions are unsafe, accounting for five to 13 per cent of all maternal deaths recorded, according to the UNFPA's flagship State of World Population 2022 report UN: Nearly...