While organisations in Asia race to adopt new technologies such as...
Category:
International News
Latest
Tougher US sanctions to curb Russian oil supply to China and India
Sanctions on Russian oil insurers will prompt Russia to price its...
New U.S. sanctions against Russian energy interests
Two Russia-based maritime insurance providers: Ingosstrakh...
Berkshire rejects shareholder call to replace Warren Buffett as chairman
Warren Buffett, chairman, Berkshire Hathaway The company, run by Buffett since 1965, also said the 91-year-old received $373,204 in compensation for 2021, down from $380,328 a year earlier, comprising his usual $100,000 salary plus personal and home security.Though...
Hacked US companies to face new reporting requirements
The rules are part of a broader effort by the Biden administration and Congress to shore up the nation's cyberdefenses after a series of high-profile digital espionage campaigns and disruptive ransomware attacks. The reporting will give the federal government much...
ICEYE and Fermat Capital Management enter strategic alliance
Understanding the impact of flooding in near-real time is essential to the ongoing evolution of this sector and for developing solutions that will help communities better manage and respond to floods and other climate shocks,” said Read. Andy Read, Global Head of...
Russian airlines will keep planes leased from foreign firms
A new law will let Russian airlines keep their fleets and operate foreign planes on routes within Russia. Last week, Russia’s air-transport agency advised airlines with foreign-registered planes not to take them out of the country because of the risk they could be...
China’s lockdowns due to Covid surge could threaten half of economy
Shenzhen is the second-most important port in China after Shanghai, and processes about 10% of the containers shipped from China in any month. A part of the port was shut for weeks in mid-2021 to contain a local outbreak of Covid, but even then the port was able to...
Allianz, Swiss Re join other financial firms in turning from Russia
Insurance broker Willis Towers Watson also said on Sunday it would withdraw from Russia, following similar moves by rivals Marsh and Aon FRANKFURT: FRANKFURT/LONDON/ZURICH: Allianz and Swiss Re said on Monday they were cutting back on Russian business as European...
Russian default no longer ‘improbable’, but no trigger for global financial crisis- IMF
Kristalina Georgieva, Managing Director,International Monetary Fund The total exposure of banks to Russia amounted to around $120 billion, an amount that while not insignificant, was "not systemically relevant," Russia may default on its debts in the wake of...
Major Chinese cities impose COVID-19 restriction as cases spike
The situation is not at ease even in the autonomous region of Hong Kong. About 300,000 Covid-19 patients and their close contacts in Hong Kong are now under home quarantine, according to the city's Chief Executive Carrie Lam Beijing: Amid a rapid resurgence of...
China faces consequences if it helps Russia evade sanctions over Ukraine – Sullivan
U.S. National Security Adviser Jake Sullivan "We are communicating directly, privately to Beijing, that there will absolutely be consequences for large-scale sanctions, evasion efforts or support to Russia to backfill them," Sullivan said. "We will not allow that to...
Insurer AIA launches $10-bln buyback on strong 2021 growth
The Asia-focussed insurer's value of new business or VONB, which measures expected profit from new premiums and is a key gauge for future growth, rose to $3.37 billion for the year ended Dec. 31, from $2.77 billion a year earlier China and Hong Kong accounted for...