Oil prices briefly jumped above $90 a barrel after renewed...
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Aon expands Data Center Lifecycle Insurance Program to $5 billion
"Digital infrastructure has become one of the most important and...
Facebook, Instagram face outage as users report access issues
Some Facebook users received the message "Account Temporarily...
Allianz warns of rising uninsurable assets
Extreme weather events — such as the heat wave gripping Europe — are making a growing number of assets too risky to insure, according to a director at Europe’s largest primary insurer. “Certain locations and perils cannot be covered as we would wish them to be...
Hormuz half-open: tanker fleet prices in recovery hope
Daily rates for a VLCC from the Middle East to China are currently quoted around $287,000, which is down from more than $500,000 shortly before the peace accord was announced.In contrast, rates for chartering smaller tankers have edged higher as the heavy...
Australian consumer regulator sues Amazon over Prime Video advertising
The Australian Competition & Consumer Commission said Tuesday it has commenced proceedings in the Federal Court alleging Amazon breached consumer law by including unfair contract terms in its Prime subscription contracts. It also alleges Amazon later relied on...
Renewed vessel attacks disrupt shipping through Strait of Hormuz
Global investors, shipowners and insurers are zeroed in on activity in the chokepoint, which stands as a litmus test of whether the peace deal will endure and whether heavily disrupted supply chains can start to normalize. Commercial traffic through the Strait of...
Venezuela faces $6.7 billion in economic losses from earthquakes:UNDP
Direct physical damage is estimated at $6.7 billion (range of $4.7 billion to $8.7 billion), driven by losses to housing and economic assets, according to the preliminary assessment. This does not include infrastructure damage, wider economic disruption and...
Iran and US step up attacks and threaten to escalate
Iran's foreign minister, Abbas Araqchi, said responsibility for returning maritime traffic in the strait to pre-war levels lay solely with Tehran and urged others not to intervene "in Iran's administration of the strait". DUBAI/WASHINGTON: Iran launched missiles and...
Extreme heat kills more than 1,300 across Europe
And across Europe, "more than 1,300 excess deaths have been recorded since 21 June linked to high temperatures in Europe, Heat stress is often called the 'silent killer' - and European homes, workplaces and schools were not built for these temperatures," WHO chief...
Iran seeks “insurance mechanism” to reduce risks for ships transiting through Hormuz
"Yes, we want to maintain the security of the Strait of Hormuz. We want to protect the environment of the Strait of Hormuz. We must establish an insurance mechanism so that ships involved in incidents or encountering problems are covered to reduce their risk," Iran's...
TotalEnergies must address climate risks linked to its products, French court rules
``The law does not mean to render companies responsible for those risks, which result from all human activity on the planet since the industrial revolution, but asks them to act according to their situation.Extracting, refining and marketing of a barrel of oil...
Australia’s security environment degrading, spy chief warns
"Australian Security Intelligence Organisation (ASIO)'s annual assessment followed a year in which Australia confronted threats on multiple fronts, from online radicalisation, state-sponsored cyberattacks to arson against Jewish businesses and a mass shooting in...