U.S. President Donald Trump "I think it’s close to over, yeah. I...
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Data centre coverage could reach $10 billion in premiums in 2026:S&P
As individual projects keep growing in size, they may eventually...
AI-boosted hacks with Anthropic’s Mythos could have dire consequences for banks
Wall Street banks have started testing Mythos internally after the...
Extreme Weather: Euro Zone could lose 5% of GDP, says ECB
“Climate-related risks are an immediate concern for financial stability and economic growth,” Stracca and Bundesbank board member Sabine Mauderer said in a blog published by the ECB Extreme weather events such as heatwaves, flooding and wildfires could wipe as much...
AM Best maintains stable outlook on global cyber insurance segment
The AI-driven proliferation of cyber-attacks also can increase the scale and complexity of attacks. Additionally, the ongoing challenge of ransomware, business email compromise and funds transfer fraud continues to escalate Rating agency AM Best said it is maintaining...
China’s blistering heat leaves workers exposed as gig economy booms
Almost half of China’s platform workers don’t have any social insurance coverage, and fewer than a third of the total working population have insurance for work-related injuries, research shows. On a scorching morning in Beijing, Hao and a dozen other food delivery...
China economy to top $19.5 trillion this year, says state planner
Zheng Shanjie, chair of the National Development and Reform Commission highlighted progress made under the 2021–2025 five-year plan, which focuses on key priorities such as economic development, technological innovation, green transformation, and improvements in...
Credit fund’s collapse leads to $1 billion lawsuit against EY
In a claim filed with Ontario’s Superior Court last month, PricewaterhouseCoopers alleged that EY issued unqualified opinions on Bridging’s books from 2014 to 2020 despite red flags, including inflated asset values and hidden defaults. Bridging Finance Inc.’s receiver...
Trump’s Tariff Shock: Global economic & insurance premium growth to slow down, says Swiss Re
Jérôme Haegeli, Swiss Re's Group Chief Economist, said: "While insurers' profitability outlook is still benefiting from rising investment income, we expect tariffs to slow global GDP growth, and consequently weigh on insurance demand. In the long term, US tariff...
Impostor uses AI to impersonate Rubio, contact foreign and US officials
Marco Rubio US ,Secretary of State The misuse of AI to deceive people is likely to grow as the technology improves and becomes more widely available, and the FBI warned this past spring about “malicious actors” impersonating senior U.S. government officials in a text...
Houthi militants continued to pound a commercial ship in the Red Sea
“These incidents highlight the Houthis’ disregard for human life, as they continue to exploit seafarers as pawns in their strategic conflicts,” said Jakob Larsen, chief safety and security officer at BIMCO, the world’s largest direct-membership trade group for the...
Indian state Kerala sues Swiss-based Mediterranean Shipping Company, seeks $1.1 billion in compensation over oil spill
On May 25, Liberia-flagged MSC ELSA3 ship travelling from Vizhinjam on India's southern tip to Kochi had capsized. The incident had resulted in leaking fuel and releasing cargo, some of which contained hazardous material. NEW DELHI: India's southern state of Kerala...
MS Amlin appoints Nicola Harris to lead natural resources
In this role, Nicola will be responsible for leading the efforts of a team that supports a diverse range of clients throughout the entire energy chain. With a significant portfolio, the Natural Resources account includes upstream, midstream, and downstream, as well as...