According to the white paper, as volatility and compounding risks...
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Yemen’s Houthis to target only Israel-linked vessels following Gaza deal
Higher war risk insurance premiums, paid when vessels sail through...
New research by the Geneva Association analyses the effects of ‘slowbalisation’ on the insurance industry
Jad Ariss, Managing Director of the Geneva Association, said: “The...
Irish lessors terminated all Russian airline leases: ALI
Brussels gave lessors until Monday to wind up current rental contracts in Russia under tough sanctions imposed after Moscow’s invasion of Ukraine, leaving them facing heavy potential writedowns or a long insurance battle All Irish lessors terminated their Russian...
China examines black boxes of crashed jet, looking for more plane debris
“Large-scale air crash investigations that only rely on data provided by the black boxes are often insufficient to tell the full truth of the incident,” Zhu Tao, head of the aviation safety office at Civil Aviation Administration of China, told a press conference...
World largest trade credit insurance Euler Hermes rebrands itself as Allianz Trade
``Changing our brand name to Allianz Trade means reinforcing our position as a global player. With the new brand name, we will benefit even more from the reputation and strength of the Allianz Group, which has an extensive global network of expertise,'' said the...
Hard landing: Lessors lose hope of getting Russian planes back
“I’m afraid that we are going to witness the largest sort of theft of aircraft in the history of commercial civil aviation,” said Volodymyr Bilotkach, an associate professor of air transport management at Singapore Institute of Technology. Although the planes are...
China mounting cyber-attacks to fulfill its political objectives, says think tank
Crowd strike, which provides cyber security for half the world's 20 biggest multinationals revealed that China is motivated primarily by a desire for commercial secrets and pursuit of its political objectives. Analysis of thousands of cyberattacks indicates that more...
Goldman Sachs pushes directors for more climate data
Since 2020 Goldman has engaged with 271 companies making insufficient emissions disclosures, Winner said. Less than 100 of them have made no improvement, making directors vulnerable A U.S. Securities and Exchange Commission rule unveiled Monday calls for more...
Tesla to halt Shanghai factory production amid COVID curbs, Bloomberg News reports
Tesla's production in the plant will be halted on Monday, the report said, citing people familiar with the matter, adding that the electric car maker hasn't yet informed workers if it would extend the suspension beyond Monday Tesla Inc is planning to suspend...
China delays retirement of employees as population ages, exchequer runs dry
"The delayed retirement policy reflects that social welfare expenditures related to retirement and old age have become a heavy burden on the central government's financial expenditure, so it delays retirement to minimize this, its pay pressure," said Wu Jialong, a...
Shanghai to lock down in two stages for testing as COVID cases spike
The city houses factories belonging to the likes of Tesla , Volkswagen and the country's largest chipmaker SMIC, as well as the mainland China headquarters of many international companies China reported a total of 4,448 new asymptomatic infections on March 26, up from...
IMF prescribes tax raise, social safety measures to Sri Lanka for financial stability
Saying that the country was hit hard by the COVID-19 pandemic, the report highlighted that the country was highly vulnerable to external shocks owing to inadequate foreign currency reserves and high risks to public debt sustainability, exacerbated by the 'Easter...