In an apparent reaction to the U.S. election and the intensifying...
Category:
International News
Latest
Spain floods to trigger total insurance losses in excess of $3.8 billion, will have limited impact on local re/insurers
Another rating agency S&P has said the catastrophic flash...
New leaders at Hannover Re: Clemens Jungsthöfel to succeed Jean-Jacques Henchoz as CEO from 1 April 2025
Clemens Jungsthöfel , CFO and CEO designate, Hannover Re Further...
WHO calls for cooperation to face of common threats from Covid-19 pandemic
Tedros Adhanom Ghebreyesus,Director-General,World Health Organization Tedros recalled that 70,000 people were dying each week from a preventable and treatable disease; that 83 per cent of the population in Africa was yet to receive a single Covid-19 vaccine dose; and...
Allianz announces big bonus cuts for its CEO and board
The collapse of a $15 billion set of investment funds during the pandemic market turmoil in early 2020 has cast a shadow over Germany's most valuable financial firm and one of the world's largest asset managers. Baete's pay package in 2020 totalled 6.39 million euros,...
Odd steering wheel and controls trip up Tesla, rivals -Consumer Reports
Japan's Subaru Corp was No. 1 in the latest Consumer Reports ranking - a brand known for efficient all-wheel drive systems and safety-oriented marketing but not for pushing technology to the edge Other mainstream brands including Honda, Toyota , Hyundai and Ford...
Cargo ship with Lamborghinis, Porsches, Audis aboard drifts in Atlantic
An internal email from Volkswagen's U.S. operations revealed there were 3,965 Volkswagen AG vehicles aboard the ship. Headquartered in Wolfsburg, Germany, the group manufactures its Volkswagen brand, as well as Porsche, Audi, and Lamborghini- all of which were in tow...
China changing tune as birth rate drops to record low, faces challenge of ageing population
In 2021, 267 million people were aged 60 and above in China as compared to 264 million in 2020. On the other hand, as per some demographers, the working-age population might fall to half by 2050 "For the Chinese history, 2021 will go down as the year when China last...
Age before apps revolt galvanises Europe’s elderly savers
in Britain, the government plans legislation to ensure that the digital banking drive does not cut older people adrift Italy's biggest bank Intesa Sanpaolo, which plans to cut 22% of its branches in the next four years, has struck a partnership to provide basic...
Italy makes fresh attempt at pension reform as debt worries mount
With one of the world's oldest populations, Italy spends more than any other European country on pensions except Greece, Eurostat data shows. According to the Treasury, Rome's pension bill reached a record 17% of national output in 2020. The new reform will be the...
French insurer CNP to stop financing new oil and gas projects
The company said it was acting in response to scientific reports, including one by the International Energy Agency, which said new projects weren't needed if the world wanted to limit global warming to 1.5 degree Celsius above pre-industrial norms Paris: France's CNP...
U.S. banks urge regulators to be flexible on climate-risk rules
The sweeping proposal applies to lenders with over $100 billion in assets. It touches on everything from board room governance, liquidity, credit and operational risk management, to the way banks project hypothetical future losses on their books and their ability to...
Taiwan proposes new law to protect its semiconductor secrets
Taiwan's cabinet said it had proposed new offences for "economic espionage" under the national security law, setting out punishment of up to 12 years in prison for those who leak core technologies to China or "foreign enemy forces". TAIPEI: Taiwan's government...