Catastrophe bonds, or cat bonds as they’re known in the industry,...
Category:
International News
Latest
Hurricane Milton could cost insurers up to $100 billion, analysts say
The Category 5 hurricane is due to make landfall on the Gulf Coast...
Google loses final EU court appeal in $2.7 bn antitrust shopping case
The European Union's Court of Justice upheld a lower court's...
Qatar Airways takes Airbus to court in A350 jet safety dispute
The row widened this month when documents seen by Reuters revealed at least five other airlines located in varying climates had complained about paint or other surface problems since 2016. Airbus has until recently maintained the problem was focused on paint on...
Omicron’s global spread prompts renewed lockdowns, delayed reopenings
The Omicron variant was first detected last month in southern Africa and Hong Kong and so far has been reported in at least 89 countries More than 274 million people have been reported to be infected by the coronavirus globally since the pandemic began and more than...
Wall St: Dow crashes 600 pts as Omicron’s spread stokes fears of tighter curbs
Surging global infections of the Omicron coronavirus variant have sparked worries in financial markets as many European nations and Britain weigh the possibility of restrictions during Christmas US stock indexes fell more than 1% on Monday, dragged by concerns about...
Crypto attracts more money in 2021 than all previous years combined, scammers netted $7.7 billion from victims
"As the largest form of cryptocurrency-based crime and one uniquely targeted toward new users, scamming poses one of the biggest threats to cryptocurrency's continued adoption," Chainalysis said. Venture capital funds have poured about $30 billion into crypto, or more...
Ransomware persists even as high-profile attacks in US have slowed
Victims of ransomware attacks in the past few months have included hospitals, small businesses, colleges like Howard University — which briefly took many of its systems offline after discovering a September attack — and Virginia's legislature In the months since...
Europeans reimpose restrictions as Omicron variant sweeps continent
As case numbers escalated, alarmed ministers in France, and Austria tightened travel restrictions. Paris cancelled its New Year's Eve fireworks. Denmark closed theaters, concert halls, amusement parks and museums. French Prime Minister Jean Castex said Friday that...
Omicron cases doubling in 1.5-3 days in areas with local spread: WHO
The WHO warned that with cases rising so rapidly, hospitals could be overwhelmed in some places The Omicron coronavirus variant has been reported in 89 countries and the number of cases is doubling in 1.5 to 3 days in areas with community transmission, the World...
IMF board forms group to review data integrity after World Bank scandal
"As part of this effort, the Board's steering group and the staff working groups will take stock of current procedures and systems in place, assess their effectiveness, and recommend improvements as needed to ensure that arrangements reflect best practices," the IMF...
Biden’s highway safety pick vows to reduce US traffic deaths
An estimated 38,680 people were killed in traffic crashes in 2020, the most since 2007 in USA , even though total miles driven dropped at the beginning of the pandemic. In the first three months of 2021, 8,730 people died in motor vehicle traffic crashes, a 10.5%...
World coal power demand to hit new high after China, India, U.S. surge,undermining greenhouse gas emissions, – IEA
IEA Executive Director Fatih Birol said the increase was "a worrying sign of how far off track the world is in its efforts to put emissions into decline towards net zero." Rising consumption in China, India and the United States could bring global coal-fired power...