Companies like Suncor Energy, Canadian Natural Resources and...
Category:
International News
Latest
Dieselgate: Volkswagen’s $54 million settlement with Italian owners
In the settlement, over 60,000 car owners affected by the emissions...
Buffett ends suspense, reveals Berkshire’s $6.7 billion stake in insurer Chubb
Warren Buffett, chairman, Berkshire Hathaway Buffett’s Berkshire is...
Australian court says mine approvals must consider climate harm
“We understand it is the first time a court of law, anywhere in the world, has ordered a government to specifically protect young people from the catastrophic harms of climate change,” she said.
Digitalisation needed for smooth international air travel restart: IATA
“Without an automated solution for COVID-19 checks, we can see the potential for significant airport disruptions on the horizon. Already, average passenger processing and waiting times have doubled from what they were pre-crisis during peak time — reaching an unacceptable three hours,” said Willie Walsh, IATA’s Director General. “And that is with many airports deploying pre-crisis level staffing for a small fraction of pre-crisis volumes. Nobody will tolerate waiting hours at check-in or for border formalities,” he said.
Tokyo Olympics Games cancellation can trigger $3 billion in estimated losses:Report
Analysts at Jefferies estimate that the Tokyo Olympics in total is insured for approximately $2 billion, with an additional $600 million for hospitality.
Shea to succeed Charman as executive chairman & CEO of Sompo International
Shea will inherit the leadership of a segment that represents more than 30% of Sompo Holdings Group’s projected adjusted profit, employs approximately 6,600 people in over 29 countries and regions and more than $12 billion in gross premiums.
Barclays dragged into insurer ‘War’ over failed M&A deal
SCOR SE is suing Barclays in London for breach of confidence when the bank advised Covéa on its bid to acquire SCOR in 2018. Barclays was given an inside track into the strategic thinking of SCOR’s board and then used the information to help Covea “sabotage” SCOR’s plans to merge with another firm, SCOR’s lawyers said.Covéa’s bid for SCOR was one of France’s most acrimonious takeover attempts in years and the fallout has led to several lawsuits as well as criminal proceedings.
Bank of England aims for greener corporate bond portfolio
The BoE said it was the first central bank in the world to take steps that could ultimately see the most polluting companies banned from its bond portfolio.
It will give firms time to reduce carbon emissions rather than immediately selling off its holdings in energy companies, power utilities and miners.
Japan’s Biggest Dating App Hack Exposes Two Million Accounts
Net Marketing Co., which runs the Omiai dating app, said that it found evidence of unauthorized access to its servers in April. Among the data exposed were photos of ID used to confirm the age of users, including drivers’ licenses, insurance cards and passports. Credit card data was not leaked in the hack, the firm said on Friday, adding that it had yet to confirm misappropriation of the personal information.
Egypt Court rejects appeal to free ship that blocked Suez
The lawsuit of Suez Canal Authority asked for $916 million in compensation. The operator lowered the figure in out-of-court negotiations to $550 million, which the ship’s insurers say is still too high.The Ever Given’s owner has offered to pay $150 million, according to the SCA, which says that doesn’t cover losses of transit fees, damage to the waterway during the dredging and rescue efforts, and costs of equipment and labor.
Bank of England to step up drive to encourage new insurers
London is a global hub for insurers, with 190 insurers from the EU continuing to operate under the BoE’s temporary permissions regime ahead of full authorisation.
The Bank is now deciding whether the EU insurers can operate as a less heavily regulated branch or must become a subsidiary under full UK supervision.
New Zealand hospitals under prolonged IT outage from ransom hack
There’s been no official word on whether the attackers had demanded a ransom. Last week Snee told reporters that there would be no ransom payment and that the board had backups for all its files that it would use to rebuild its system.