TikTok said on Tuesday that it strongly disagreed with the claims,...
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Geopolitical conflict: Global economy could lose $14.5 trillion over a 5-yr period, says Lloyd’s
With more than 80% of the world’s imports and exports – around 11...
Beazley adds to its cyber capabilities with launch of ‘Beazley Quantum’
This new cyber consortium provides comprehensive cover for large...
Tesla faces investor lawsuit over Musk tweets on 10% stock sales
The lawsuit, filed with the Delaware Court of Chancery on Thursday, seeks to obtain records and books related to his tweets, including documents to identify whether the stock sales tweets were reviewed or pre-approved in advance In 2018, Musk settled a lawsuit by the...
Fitch downgrades Sri Lanka’s sovereign rating to ‘CC’
''The downgrade reflects our view of an increased probability of a default event in coming months in light of Sri Lanka's worsening external liquidity position, underscored by a drop in foreign-exchange reserves set against high external debt payments and limited...
CDC advisory prefers Pfizer , Moderna Covid vaccines over J&J shot
The CDC's advisers said Thursday that it was time to recognize a lot has changed since vaccines began rolling out a year ago. More than 200 million Americans are considered fully vaccinated, including about 16 million who got the J&J shot Most Americans should be...
Typhoon Rai weakens after pummelling central Philippines
Rai, which at one point intensified into a category 5 storm, the highest classification, toppled power and communication lines, complicating disaster response and efforts to collect information from typhoon-hit areas "It is not expected to cause massive damage...
Some EU insurers relied on relief measures during stress test, says watchdog
Industry body Insurance Europe said the results confirm the sector's ability to meet promises to customers under extreme 1 in 1,000 year events The next test for insurers, which could include climate-related elements, won't be until 2023 The test covered 44 insurers...
France says facial recognition company Clearview breached privacy law
The CNIL stressed that Clearview's collection of publicly-available facial images on social media and the Internet had no legal basis and breached European Union rules on data privacy. France's data privacy watchdog CNIL has ordered Clearview AI, a facial...
Refugees lack COVID shots because drugmakers fear lawsuits
So far there is scant information on COVID vaccine litigation, but claims made to out-of-court compensation programmes are one measure of the risk. A programme in the United States has so far not paid out anything, public data show; neither has one set up by the WHO...
Global community steps up with $93 billion support package to boost resilient recovery in World’s poorest countries
The funds will be delivered to the world’s 74 poorest countries under the 20th replenishment (IDA20) program, which focuses on helping countries recover from the impacts of the COVID-19 crisis. In these countries, the ongoing pandemic is worsening poverty, undermining...
US health tab hit $4T as gov’t opened spigot to fight COVID
The $4.1 trillion tab for 2020 represents an increase of about $365 billion from national health spending in 2019. It works out to $12,530 per person Washington:U.S. health care spending rocketed to $4.1 trillion last year as Congress opened the spigot of federal...
Cryptocurrencies a challenge for emerging markets, regulation needed: IMF chief economist
Gita Gopinath,Chief Economist,International Monetary Fund ''I think cryptocurrencies are a particular challenge for emerging markets. It seems to be more attractive to adopt cryptocurrencies and assets in emerging economies than in advanced economies,'' she said while...