It was the strongest quake to strike the Philippines this year, and...
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US strikes Iranian sites after Iran launches drones, in latest Gulf flare-up
Iran’s Revolutionary Guards said they had attacked U.S. bases in...
Anthropic calls for pause of global AI development
The company has faced pushback from others in the industry - and...
Jitters over AI spending set to grow as US tech giants flood bond market
Since September, public bond issuance by four of the major cloud computing and AI platform companies known as "hyperscalers" has hit nearly $90 billion, with Google owner Alphabet selling $25 billion in bonds, Meta $30 billion, Oracle $18 billion, and Amazon, the most...
UN climate deal increases money to countries hit by climate change, but no explicit fossil fuel plan
“I cannot pretend that COP30 has delivered everything that is needed. The gap between where we are and what science demands remains dangerously wide.”U.N. Secretary-General Antonio Guterres BELEM, Brazil: After two weeks of negotiations, this year’s United Nations...
G20 Summit: PM Modi calls for stronger global cooperation on disaster preparedness, Climate Change, open satellite data access
Narendra Modi, Prime Minister, India "Recalling the commitments made at the 2023 New Delhi G20 Summit to triple renewable energy capacity and double energy-efficiency rates by 2030, Modi urged developed nations to deliver affordable climate finance and technology on...
Former Lloyd’s CEO loses top AIG’s $17 million job over office romance
John Neal, former CEO, Lloyd's Recent instances have felled CEOs at companies including Nestlé SA, Kohl’s Corp. and Astronomer, where Andy Byron lost the top job in July after being caught on a stadium “kiss cam” with the firm’s chief people officer at a Coldplay...
Belgian farmer sues French energy giant for damage caused by climate change
Worldwide, environmental groups and individual citizens have brought nearly 100 cases against major oil producers including BP, Exxon Mobil and Shell in the last two decades. A 2023 report by the United Nations Environment Program found that the number of lawsuits had...
Lloyd’s investigates its former CEO John Neal
John Neal,former chief executive officer,Lloyd's Lloyd’s Chairman Charles Roxburgh “became aware of market speculation concerning possible historic breaches of policy” and initiated an independent fact-finding review into Neal’s conduct in October, the firm said in a...
India among 7 countries expected to add over 500 million city residents between 2025 and 2050: UN
Despite the global shift towards city life, towns remain (in 2025) the most common settlement type in 71 countries. Countries in all regions and at diverse levels of economic development are found within this group, including Germany, India, Uganda and the United...
AI driving direct shifts in global insurance industry, says Swiss Re
Global insurance premiums are set to grow by 2.3% in real terms in 2026 and 2027. The non-life sector is forecast to see global real premium growth easing to 1.7% before recovering to 2.5% in 2027. For insurers, it means more opportunities in engineering, property and...
Red Sea Crisis: Google and Meta delay undersea cable projects
The southern Red Sea segment of 2Africa hasn’t yet been built due to a “range of operational factors, regulatory concerns, and geopolitical risk,” said a spokesperson for Meta, which leads a consortium of telecom companies developing the cable. Multiple subsea...
No firm is immune if AI bubble bursts, Google CEO tells BBC
Alphabet Chief Executive Sundar Pichai said in an interview with the BBC published on Tuesday that the current wave of AI investment was an “extraordinary moment” but acknowledged “elements of irrationality” in the market, echoing warnings of “irrational exuberance”...