Six ships linked to the US and UK have successfully transited the...
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Oceans are warming four times faster as earth traps more energy
Global ocean temperatures hit record highs for 450 days straight...
World’s richest people lose $108 bn after tech startup DeepSeek selloff
DeepSeek’s dark-horse entry into the AI race, which it says cost...
‘Delay means death’ – UN climate report urges immediate, drastic action
On nearly all counts, the report makes clear that climate change is impacting the world far faster than scientists had anticipated. Noting that nearly half the world's population was already vulnerable to increasingly dangerous climate impacts, the report calls for...
Toyota suspends domestic factory operations after suspected cyber attack
Japanese Prime Minister Fumio Kishida said his government would investigate the incident and whether Russia was involved "It is difficult to say whether this has anything to do with Russia before making thorough checks," he told reporters TOKYO: Toyota Motor Corp said...
People flee to rooftops as ‘weather bomb’ submerges Australian towns
Several regions have seen rainfall records for February broken because of the relentless downpour, with some places getting more than a month's or more than a year's rains in one day Insurer Suncorp on Monday said it had received more than 5,000 claims related to the...
At least 10 dead in Indonesia earthquake as search continues
Indonesia, a vast archipelago of 270 million people, is frequently struck by earthquakes, volcanic eruptions and tsunamis because of its location on the "Ring of Fire," an arc of volcanoes and fault lines that arcs the Pacific Jakarta: Search efforts continued Sunday...
Investors brace for volatility as West moves to cut Russia off from SWIFT
The latest measures could send markets on another wild ride, as traders assess the implications for the global economy, including potentially higher commodity prices and inflation Investors were preparing on Saturday for more wild gyrations in asset prices after...
New California rules aim to lower property insurance rates
New rules will require insurance companies to factor property owners’ improvements into the pricing of residential and commercial coverage SACRAMENTO, Calif: California’s insurance commissioner announced new rules on Friday aimed at lowering premiums for people who...
Russia’s invasion of Ukraine likely impact the global insurance industry substantially near to midterm: AM Best
“Further sanctions may impact the ability of international insurers and reinsurers to underwrite Russian risks or make it more difficult for them to service claims on existing policies,” said Anna Sheremeteva, financial analyst, AM Best LONDON: International rating...
Insurance costs of shipping through Black Sea soar
Ship insurers have quoted the additional premium rate for seven days at anywhere between 1% to 2% and up to 5% of insurance costs, from an estimated 0.025% on Monday before Russia's invasion began, according to indicative rates from marine insurance sources This would...
As climate change wreaks havoc globally, IPCC report flags ways to adapt
"The growth in climate impacts is far outpacing our efforts to adapt to them," UNEP chief Inger Andersen warned this month. She urged nations, cities, businesses and individuals to turn adaptation efforts "into a sprint". BARCELONA: From Madagascar, where hunger is...
Swiss Re appoints Paul Murray as CEO Reinsurance Asia and Regional President
Paul Murray, CEO Reinsurance Asia, Regional President Swiss Re’s Group Chief Executive Officer Christian Mumenthaler said: “We are pleased that Russell Higginbotham has accepted this new important position, driving forward our Reinsurance Solutions strategy. This is a...