U.S. President Donald Trump The United States and Israel suspended...
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Oil trading disputes deepen amid Iran war fallout
In some instances the disputes have arisen because producers cut...
US not to lift naval blockade of Iran’s ports till Tehran agress to end its nuclear program:Trump
President Donald Trump The blockade lies at the heart of the...
Willis makes new leadership appointments in Asia
These changes and new leadership roles recognise the significant opportunities and increasing complexities companies face within the Natural Resources and Construction industries in Asia Singapore: Willis, a WTW business, today announced new appointments to its...
Nvidia,Tesla chase same self-driving goal via varying paths
Tesla and Nvidia are fundamentally different companies. Tesla makes cars and builds the full system end to end. Nvidia builds chips and software that others use Jensen Huang took the stage at the CES trade show in Las Vegas this week to make the clearest pitch yet for...
Russian-bound tanker hit by drone in Black Sea, maritime sources Say
In late November, shipping insurance rates rose after Ukrainian naval drones hit two Russia-bound tankers in the Black Sea, incidents that prompted Moscow to threaten retaliation and Ankara to urge calm. Another vessel, Russian-flagged, said in early December that it...
China urges Nestlé SA to work quickly in recalling baby formula products
While Nestlé has yet to tally the total cost of the global recall, it does not expect a significant financial impact. The affected batches represent significantly less than 0.5% of annual group sales, Nestlé said. However, some analysts are estimating a potentially...
Sompo aims at higher-yielding overseas credit to boost profits as traditional business flounders
Globally, private credit has grown into a $1.7 trillion market. Lending spreads have narrowed compared with 2023 due to intensifying competition, but for Sompo the debt remains attractive because spreads are still wider than other credit products. Tokyo:Sompo Holdings...
AXA assesses losses from deadly fire in Swiss mountain resort of Crans-Montana killing 40
French insurer AXA SA said that it has provided liability insurance to Crans-Montana and a business liability insurance for “Le Constellation.” Both policies are “standard products” and the sum insured is limited, AXA’s Swiss unit said in a statement With flags...
Cyberwarfare: China bombards Taiwan’s critical systems with millions of daily intrusions
Taiwanese officials have linked the activity to five Chinese state-backed hacking units: BlackTech, Flax Typhoon, Mustang Panda, APT41, and UNC3886. These groups have repeatedly infiltrated sectors related to energy, health care, communications, and key high-tech...
Jeju Air crash victims could have all survived without concrete barrier, lawmaker says
The Boeing 737-800 coming from Bangkok belly-landed and overran the runway at Muan International Airport, killing almost everyone on board after it struck a concrete support for a localiser antenna. The only survivors were two flight attendants at the far rear of the...
Berkshire Hathaway raises new CEO’s salary to $25 million
Compensation for Greg Abel set by Mr. Buffett during that period, and included a $21 million salary in 2024, a $20 million salary in 2023, and a $16 million salary plus a $3 million bonus in 2022.Mr. Buffett awarded Vice Chairman Ajit Jain, who oversees Berkshire’s...
US seizes Russian-flagged oil tanker linked to Venezuela for violating sanctions
The only maritime energy transport allowed will be that consistent with American law and national security,” Stephen Miller, deputy White House chief of staff, said in a statement on social media The U.S. seized an empty Russian-flagged, Venezuela-linked oil tanker in...