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BMW recalls hundreds of thousands of cars due to a potential fire hazard
BMW said that product inspections and customer complaints revealed...
Aon appoints Joe Peiser as CEO of Risk Capital
Peiser's appointment reflects Aon's broader strategy to strengthen...
Microsoft seizes 340 websites linked to growing phishing subscription service
Raccoon0365’s service, which operates through a private Telegram channel with more than 850 subscribers, enables users to impersonate trusted brands and get targets to enter Microsoft login credentials on phony Microsoft login pages, Steven Masada, assistant general...
Insurers lose bid to appeal London judgment over jets lost in Russia
The decision marks another milestone in one of the largest lawsuits to be heard in London, which has become a bellwether for similar cases fought in other jurisdictions, such as the United States, and triggered a battle in London between all risks and war risks...
North Korean hacking grp uses ChatGPT to create a deepfake to attack South Korean target
Attackers used the artificial intelligence tool to craft a fake draft of a South Korean military identification card in order to create a realistic-looking image meant to make a phishing attempt seem more credible, according to research published Sunday by Genians, a...
Australia to $6 billion on climate adaptation through 2030
The money is earmarked for flood mitigation, bushland conservation, supporting the agriculture sector to transition to net zero, and managing health impacts across society, among others, according to the National Adaptation Plan. That was released alongside a report...
SEC is “prioritizing” Trump’s proposal to end quarterly reports on earnings
“Subject to SEC Approval, Companies and Corporations should no longer be forced to “Report” on a quarterly basis (Quarterly Reporting!), but rather to Report on a ‘Six (6) Month Basis,'” Trump said on social media. “This will save money, and allow managers to focus on...
Jaguar Land Rover extends production halt until Sep 24 over cybersecurity breach
The carmaker explained that it is still carrying out a forensic investigation into the cyberattack and is carefully planning different stages of a controlled restart of its operations Jaguar Land Rover had signed a five-year contract worth £800 million with Tata...
US calls on G7, EU to impose tariffs on China, India over Russian oil purchases
A U.S. Treasury spokesperson called on G7 and European Union allies to impose "meaningful tariffs" on goods from China and India to pressure them to halt their purchases of Russian oil WASHINGTON: Group of Seven nations' finance ministers discussed in a call on Friday...
US sues Uber, alleges discrimination against disabled riders
“Uber’s discriminatory conduct has caused significant economic, emotional, and physical harm to individuals with disabilities,” and violates the Americans with Disabilities Act, the Justice Department said. The U.S. government on Thursday sued Uber Technologies,...
Future-ready power companies seize soft market advantages, Willis
Infrastructure hotspots such as Indonesia, Vietnam and the Philippines are attracting insurer capacity, especially for projects backed by international funding and reputable contractors. SINGAPORE: After years of navigating tough market conditions, power companies are...
Disasters damage $12.7 Billion of African Infrastructure annually
“Climate change is expected to increase the impact of disasters on infrastructure by as much as 27%, resulting in average annual loss of $2.4 billion,” the report said, without giving a date. “Africa is one of the most vulnerable regions to climate-related disasters.”...