The November 2015 dam collapse at the Samarco iron ore mine near...
Category:
International News
Latest
Southern Brazil hit by the worst floods in more than 80 years
It was the fourth such environmental disaster in a year, following...
Maersk says Red Sea disruption could cut Asia-Europe capacity by 20%
The disruptions cause ripple effects across several other container...
Strong 7.2 magnitude earthquake jolts New Zealand, tsunami warning issued
There was no immediate report of damages.
New Zealand government’s seismic monitor Geonet pegged the quake at a magnitude of 7.2 with a depth of 94 km (58 miles).
Generali CEO says insurers can’t handle pandemic risk alone
“When the risk becomes systemic it is no longer insurable and obviously we need to use public money,” he said.
Donnet said the European Union and member states should work with the insurance and reinsurance industries to improve protection across the bloc.
French families sue over extensive nursing home virus deaths
Their complaint focuses on multiple issues at French homes for the elderly and disabled during the first half of 2020. Those flaws included mask shortages for residents and staff; testing shortages; the use of a powerful sedative called Rivotril on some residents while homes were locked down; and opaque decisions on which residents received hospital treatment for the virus and which were left to suffer or die in their nursing homes.
Citi’s $900 million mistake prompts banks to seek new safeguards
After Citigroup inadvertently wired its own funds to Revlon lenders while serving as an agent and lost its fight to recover some of the money, it was forced to restate earnings after writing down the part of the loan it now owns. Reducing such risks for future deals makes sense, said Justin Forlenza, a senior covenant analyst at Covenant Review.
After last month’s surprise court ruling that let certain Revlon creditors keep $500 million of the mistaken transfer, banks began inserting new language into loan deals that would require investors to return the money if such an error occurred again. The provisions, which were in the works before the decision, aim to strengthen the hand of administrative agents that oversee interest distributions and repayment schedules.
After last month’s surprise court ruling that let certain Revlon creditors keep $500 million of the mistaken transfer, banks began inserting new language into loan deals that would require investors to return the money if such an error occurred again. The provisions, which were in the works before the decision, aim to strengthen the hand of administrative agents that oversee interest distributions and repayment schedules.
After last month’s surprise court ruling that let certain Revlon creditors keep $500 million of the mistaken transfer, banks began inserting new language into loan deals that would require investors to return the money if such an error occurred again. The provisions, which were in the works before the decision, aim to strengthen the hand of administrative agents that oversee interest distributions and repayment schedules.
After last month’s surprise court ruling that let certain Revlon creditors keep $500 million of the mistaken transfer, banks began inserting new language into loan deals that would require investors to return the money if such an error occurred again. The provisions, which were in the works before the decision, aim to strengthen the hand of administrative agents that oversee interest distributions and repayment schedules.
WHO: ‘Premature,’ ‘unrealistic’ Covid-19 will end soon
“If the vaccines begin to impact not only on death and not only on hospitalization, but have a significant impact on transmission dynamics and transmission risk, then I believe we will accelerate toward controlling this pandemic.”
Fukushima operator completes removal of second set of spent fuel rods
It comes as Japan prepares to mark the tenth anniversary of the March 11, 2011 earthquake, tsunami and nuclear disasters. It will provide Tepco with important experience and data for the much tougher and time consuming task of extracting melted reactor cores and debris in the coming decades.
Microsoft warns customers against new China cyber attack on exchange email
Called “Hafnium,” it operates from China and is attacking infectious disease researchers, law firms, higher education institutions, defence contractors, policy think tanks and NGOs in the US for the purpose of exfiltrating information.
Aon and Praedicat to address insurers’ emerging risks in casualty sector with specialist solutions
New collaboration to develop a range of specialist liability reinsurance solutions that address product liability risks including nanomaterials and 5G
Aon to collaborate with Nayms and Relm to launch cryptocurrency pilot
Dan Roberts, CEO at Nayms, said: “As the digital asset space soars to $1 trillion, the need for appropriate insurance protection to scale alongside that growth will be vital for the sustainability of this innovative market. By working with Aon and Relm, we are enabling the collaboration between technology, regulation and the existing insurance marketplace, bringing a robust solution for the cover of digital asset risk to the market.”
Global cargo traffic jam could last into 2022, freight CEO warns
Maritime rates have surged the most. The cost of shipping a 40-foot container from Hong Kong to Los Angeles has nearly quadrupled in the last year, said Bloomberg Intelligence analyst Lee Klaskow, based on data from research firm Drewry.