One of the Azerbaijani sources familiar with Azerbaijan's...
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Cat-bond issuance hit a record $50 billion in 2024
Cat bonds continue to pay out more than many fixed-income assets....
Plane with 67 passengers crashes in Kazakhstan, many killed
According to Russian news agency Tass, 32 people have survived the...
First death with Omicron variant in United Kingdom
The variant now accounted for around 40% of infections in the capital Britain gave no details on the death or whether the patient had been been vaccinated or had underlying health issues. Deaths from Omicron may have occurred in other countries but none has been...
Freight cost hits highest due to Omicron, threatening export companies
Due to the surge in freight rate, export companies are worried. This is because the year-end season is the biggest shopping season, including Christmas, but the profitability will inevitably deteriorate due to high fares even if they secure the freight spaces. It is...
Investors push world’s top chemicals companies over hazardous substances
The move by 23 investors including Aviva Investors and Storebrand comes as regulators toughen rules around their use and as analysts warn some companies could face billions of dollars in associated clean-up and compensation costs. In a letter to the world's 50-biggest...
UK’s Johnson warns of Omicron ‘tidal wave’, says two doses not enough
Boris Johnson,Prime Minister,UK Data released on Friday showed that vaccine efficacy against symptomatic infection was substantially reduced against Omicron with just two doses, but a third dose boosted protection up to over 70%.In order to hit the accelerated rollout...
Top equity funds in Asia are all buying China’s green stocks
China’s push to reach carbon neutrality by 2060 is fueling growth in what is already the world’s largest renewables market and a leading one for electric-vehicle automakers and suppliers. That’s produced record rallies and eye-watering valuations for some stocks in a...
Deal or no deal, insurance rates soar to cover M&A boom
Potential buyers take out insurance to protect against issues such as misrepresentation by a target of its performance or order book, while sellers buy cover to ensure a clean exit. The M&A insurance market has risen to more than $5 billion from less than $3...
COVID crisis led to significant economic losses for BRICS: RBI
The COVID crisis has led to significant economic losses and made the social fabric of the BRICS fragile by amplifying unemployment, poverty, gender disparity and migration risks, the bulletin noted. Mumbai:The COVID crisis has led to significant economic losses and...
Major outage hits Amazon Web Services; many sites affected: Report
More and more these outages end up being the product of automation and centralization of administration,said Doug Madory, director of internet analysis at Kentik Inc, a network intelligence firm . This ends up leading to outages that are hard to completely avoid due...
IMF, 10 countries simulate cyberattack on global financial system
Rahav Shalom-Revivo, head of Israel's financial cyber engagements, said international collaboration between finance ministries and international organizations "is key for the resilience of the financial eco-system." JERUSALEM: Israel on Thursday led a 10-country...
Swiss Re agrees to sell elipsLife to Swiss Life International
Andreas Berger, Chief Executive Officer Swiss Re Corporate Solutions, said: “We are very pleased to have found the perfect partner in Swiss Life to take elipsLife into a successful future. The sale will allow Corporate Solutions to focus on continuing the strong...