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Inflation worries continue for US Fed, no policy rate cut for sixth time
Fed Chair Jerome Powell Indeed, Fed Chair Jerome Powell said it was...
Bermuda insurer credit profiles supported by BMA regulatory reforms: Fitch
The Bermuda life insurance market has grown rapidly. Assets...
UN to rich nations: Don’t undermine Covax vaccination program
On Friday, leaders of the Group of Seven industrial powers said they would accelerate global vaccine development and deployment and support affordable and equitable access to vaccines and treatments for COVID-19. They cited a collective USD 7.5 billion from the G-7 to U.N.-backed efforts.
Manmade debris poses threat to space operations:Hiscox
From an insurance perspective, the growth in space debris makes launching new satellites and rockets riskier. It could mean that we require space operators to take additional measures such as having propulsion onboard satellites, so they can change height to avoid collisions and de-orbit when they become obsolete,” said Pascal Lecointe, Space Line underwriter at Hiscox said.
About 1,000 finance firms eying Post-Brexit outposts in U.K.
This year, London lost its crown to Amsterdam as Europe’s top place to buy and sell stock, traders have shifted interest-rate swaps out of the UK and the relocation of bankers into the bloc continues.
“These firms are therefore likely to invest in real estate and professional services advice as they set up a UK office for the first time.”
Israeli Insurtech reaches $1 Billion Valuation
Founded in 2001, Earnix helps its customers provide personalized rates and products using artificial intelligence and analytics. The startup will use the new funds to grow internationally, develop new products and support deals, it said in a statement Sunday.
Israeli startups overall raised a record $1.44 billion in January, with a half-dozen firms announcing funding rounds of at least $100 million, according to a report from Start-Up Nation Central, a non-profit organization that tracks Israel’s tech industry.
Plane With 200+ Passengers On Board Suffers engine failure, lands safely
A video shot from inside the aircraft — which had 231 passengers and 10 crew onboard — showed the right engine ablaze and wobbling on the wing of the Boeing 777-200, its cover entirely missing as the aircraft flew over a barren landscape.
There were no injuries on the plane or on the ground, authorities said.
Pfizer jab 95.8% effective against Covid: Israel health ministry
Israel’s inoculation campaign is regarded as the world’s fastest, with one dose of the Pfizer/BioNTech vaccine administered to 4.25 million people out of its nine million-strong population since December, according to the latest health ministry figures.
Some 2.88 million people have received the recommended full course of two jabs.
The health ministry said on Saturday the vaccine had proved 95.8 percent effective in preventing coronavirus infection among those vaccinated two weeks after receiving their second shot compared to unvaccinated people, according to data compiled up to February 13.
Nigerian court freezes Shell accounts ahead of Aiteo lawsuit
The lawsuit is latest in a string of legal headaches for the biggest international oil company operating in Nigeria, Africa’s biggest oil exporter.
A British court last week cleared the way for local communities to sue the company over oil spills in the West African nation, and last month Shell lost a case brought in the Netherlands by Nigerian farmers and fisherman over pollution claims.
Cybercriminals using automated tools to launch attacks: Report
Bots pretending to be a Google bot or similar accounted for just over 12 per cent of the web application attacks. Application DDoS (distributed denial of service) was surprisingly dominant, making up more than 9 per cent of the sample the team analyzed.
It is official: U.S. back in the Paris climate club
WASHINGTON: The United States officially rejoined the Paris climate agreement on Friday, reinvigorating the global fight against climate change as the Biden administration plans drastic emissions cuts over the next three decades.Scientists and foreign diplomats have...
Moody’s predicts massive insured losses in US Winter Storm,White House says Texas winter storm likely due to climate change
Those storms, Moody’s noted, have led to loss of life, property damage and massive power outages. Causes of property damage in the storm include snow, flooding, and water damage from frozen and broken pipes.