The showdown over financing for developing countries comes in a...
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AM Best maintains outlook for global reinsurance industry to positive
Property reinsurance rates and terms have been relatively stable...
US regulators seek to break up Google, force Chrome sale
The proposed break-up floated in a 23-page document filed late...
Russia-Ukraine War: Chernobyl nuclear plant no longer transmitting to IAEA
"I'm deeply concerned about the difficult and stressful situation facing staff at the Chornobyl nuclear power plant and the potential risks this entails for nuclear safety," said International Atomic Energy Agency (IAEA) chief Rafael Grossi Vienna: The Chernobyl...
India, Bangladesh, Nepal finalise MOU for implementation of BBIN Motor Vehicles Agreement
The meeting was held to discuss the passenger and cargo protocols that are essential to operationalise the BBIN MVA for the regulation of passenger, personal and cargo vehicular traffic between Bangladesh, Bhutan, India and Nepal, signed on June 15, 2015 New Delhi:...
GLOBAL MARKETS-Global shares fall, oil rises in volatile trading after Russia oil ban
The rally in oil and other commodities has heightened investor fears about global inflation. Data this week is expected to show the U.S. consumer price index climbed a stratospheric 7.9% on a year-on-year basis in February, up from 7.5% in January Solita Marcelli,...
How sanctions against Russia are battering the global aviation industry
Manufacturers, lessors, insurers and maintenance providers to Russian carriers like Aeroflot, S7 Airlines and AirBridgeCargo are among those outside Russia that are hit directly by sanctions Russian airlines have also been cut off from the insurance and reinsurance...
Biden to order studies on regulating, issuing cryptocurrency
U.S. President Joe Biden U.S. Treasury Secretary Janet Yellen last year warned about an "explosion of risk" from digital markets, including the misuse of cryptocurrencies, but said new financial technologies could also help fight crime and reduce inequality...
U.S. Supreme Court spurns Google bid to avoid shareholder lawsuit
The lawsuit, led by the state of Rhode Island, was filed after the Wall Street Journal published an article in October 2018 that said Google concealed the exposure of private data for nearly 500,000 users of Google+ – a social network owned by Google – because it...
Japan’s top court orders damages for victims of Fukushima nuclear plant in landmark decision
Public broadcaster NHK said the average payout of about 380,000 yen ($3,290) for each plaintiff covered three class-action lawsuits, among more than 30 against the utility, which are the first to be finalized A massive tsunami unleashed by an earthquake of magnitude...
AIA buys BEA’s travel and general insurance services unit Blue Cross
BEA agreed to sell its medical, travel and general insurance services unit Blue Cross (Asia-Pacific) Insurance and all of its 80% interest in healthcare services unit Blue Care JV (BVI) Holdings to AIA to generate value for shareholders. Asia-focused AIA’s largest...
Environmental groups sue TotalEnergies over climate marketing claims
The claim, which has been served on TotalEnergies and was to be filed before the Paris Judicial Court, concerns the company’s “reinvention” marketing campaign. Claimants say the campaign broke European consumer law by suggesting TotalEnergies can reach net-zero carbon...
Global Covid caseload tops 447.6 million. fatalities surge past 6 million
The US continues to be the worst-hit country with the world's highest number of cases and deaths at 79,339,202 and 960,310, according to the CSSE The second worst hit country in terms of cases is India (42,97,315 infections and 515,102 deaths), followed by Brazil...