The startup earlier in the day was also hit by outages on its...
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Auditors get tougher guidelines on judging firms’ environmental claims
The move by the International Auditing and Assurance Standards...
Despite Trump order, abandoning DEI could land companies in legal trouble
“When companies are sued by women or people of color and they're...
Airline industry shifts attention to Russia risks after Ukraine closure
As airlines assessed the airspace risks, they have also been hit by a spike in oil prices to more than $105 per barrel for the first time since 2014 as a result of the conflict. That raises operating costs at a time when travel demand remains low because of the...
Cyberattacks accompany Russian military assault on Ukraine
Officials have long expected cyberattacks to both precede and accompany any Russian military incursion. The combination of DDoS attacks, which bombard websites with junk traffic to render them unreachable, and malware infections hewed to Russia's playbook of wedding...
UK to ban Aeroflot airline in ‘largest package’ of Russian sanctions
The “largest and most severe package” of economic sanctions against Russia tabled in the House of Commons includes a full asset-freeze of Russian state-owned bank VTB and powers to allow the UK to exclude Russian banks from Britain's financial system. London: Prime...
Global finance grapples with Ukraine crisis as shares slump
But in what will be a relief to Europe's banks, the EU is unlikely at this stage to take steps to cut off Russia from the SWIFT global interbank payments system, several EU sources said. European banks are most exposed to Russia, especially in France, Italy and...
Russia-Ukraine conflict raises big risks for global economy
Stocks have tumbled in anticipation of higher rates and a potential downturn. Market benchmarks in Europe and Asia fell by as much as 4% on Thursday, while Wall Street futures retreated by an unusually wide daily margin of 2.5%. Financial markets could grow even more...
2021, the most challenging year yet for cyber insurance market: Aon’s Asia Market Review
Organisations with better ability to tolerate risk, and with well-articulated submissions to the market, will have the competitive edge when it comes to accessing insurance coverage, said the report Cyber Threat: Insurance premiums and retentions increased sharply...
GIC sued for $115 million by AM Re for cancellation of agreement
'GIC disputes the allegations of the complaint and will address claims at the appropriate time in the litigation. Beyond that, GIC has no comment on the allegations or claims asserted in that proceeding as the matter is pending adjudication before the US Courts,' the...
Insurer AIA Group sells Australian savings and investments business
AIA did not disclose a deal value for the sale, but said the business holds about A$8 billion ($5.77 billion) in funds under administration. The Australian savings and investment business, which offers superannuation and retirement products, was acquired by AIA...
Ukraine closes airspace to civilian flights amid “high risk” to safety
The aviation industry has taken heightened notice of the risks conflicts pose to civil aviation since Malaysia Airlines flight MH17 was shot down over eastern Ukraine in 2014 Kiev: Ukraine closed its airspace to civilian flights on Thursday, citing a high risk to...
Wildfires projected to rise 50% in this century due to climate crisis and changes in land use: UN Report
“Wildfires are made worse by climate change through increased drought, high air temperatures, low relative humidity, lightning, and strong winds resulting in hotter, drier, and longer fire seasons,” UNEP said UN: Wildfires are projected to rise by 50 per cent by the...