“We expect a lot of financial disputes and a lot of force majeure,”...
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US:Record drought sparks worries about fires, water supply and food prices
“Right now 61% of the country is in drought and that’s steadily...
Trump extends Iran ceasefire indefinitely,Hormuz blockade to continue
US President Donald Trump Trump posted on social media that he...
Trump says US to start blockading the Strait of Hormuz immediately
President Donald Trump Trump made his remarks in a Truth Social post hours after U.S-.Iran peace talks ended without a deal. Trump said the meeting "went well, most points were agreed," but added the two sides had not agreed on Iran's nuclear program....
US-Iran peace talks end without a deal as delegations leave Pakistan
"The bad news is that we have not reached an agreement, and I think that's bad news for Iran much more than it's bad news for the United States of America," said Vice President JD Vance, the head of the U.S. delegation. ISLAMABAD: The U.S. and Iran failed to reach an...
Shipowners rushing for insurance cover to transit Strait of Hormuz
The Strait of Hormuz remained largely blocked as shipowners try to understand if they can safely transit the vital waterway following a fragile ceasefire between the US and Iran that was announced overnight Shipowners are placing “huge volume requests” for insurance...
US, Iran agree to ceasefire with reopening of Strait of Hormuz
President Donald Trump The eleventh-hour deal was subject to Iran's agreement to pause its blockade of oil and gas supplies through the strait, Trump said. The waterway typically handles about one-fifth of global oil shipments. WASHINGTON/DUBAI/CAIRO:The United States...
From falling U.S. wealth to Indian factory closures, oil shock raises global recession risk
Risks sharpen for the global economy if oil moves above $110 or $120 a barrel, warned Nathan Sheets, chief global economist at Citi and a former U.S. Treasury Department official. Attacks that have severely damaged refineries, ports and oil storage in the Gulf region...
Google plans to introduce new mental health support features for its Gemini chatbot
The rapid explosion of tools like Gemini and ChatGPT have led to some users forming obsessive relationships with AI bots, allegedly contributing to delusions and, in extreme cases, murder-suicides. Several families have sued leading AI developers over the issue....
AON appoints Winnie Loh as real estate and data centre leader for Southeast Asia
Winnie Loh, Real Estate and Data Centre leader for Southeast Asia, AON Andrew Minnitt, CEO, Singapore and head of Southeast Asia for Aon, said,`` As data centre investment continues to accelerate across the region, clients are looking for advisers who understand how...
Private credit sector stresses could be catastrophic, but not just yet
The pace at which investors are demanding money back from some of the private credit funds, known as business development companies (BDCs), has accelerated this year on worries about competition, falling returns and fears artificial intelligence will upend software...
Strait of Hormuz will never return to its former state, especially for US, Israel, vows Iranian Navy
As per Press TV, the IRGC Navy made the remarks in a post on X and also noted that the preparations are underway for the "announced plan" of Iranian officials for a new order in the Persian Gulf. Tehran:As tensions escalate in West Asia and the Gulf region, the...
Maritime Reinsurance: 6 more US insurers to partner DFC and Chubb providing up to $40B in coverage for Strait of Hormuz passage
Apart from Chubb, Travelers, Liberty Mutual Insurance, Berkshire Hathaway, AIG, Starr, and CNA to provide reinsurance for DFC's Maritime Reinsurance plan. On top of DFC's $20 billion in rolling coverage, Chubb and these new partners will provide an additional $20...