In early January, it became known that the world's second-largest...
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EV innovation:Partnership among Root, Admiral Pioneer and Octopus to deliver smarter cover
Emma Huntington, CEO of Admiral Pioneer, said,“We’re partnering...
AIG and CVC strike $3.5B strategic partnership
The strategic partnership includes the establishment of large-scale...
Allianz scraps nuclear, military exclusions to back Europe’s rearmament drive
AGI wrote to its clients late last week to advise that its sustainable funds could now buy into companies that earned more than 10% of their revenue from military equipment and services. Germany’s Allianz Global Investors has dropped two exclusions blocking its...
US court allows investor lawsuit against Musk over Twitter purchase
Elon Musk A Manhattan federal judge on last Friday said investors can move forward with claims that Musk committed securities fraud by failing to make timely disclosures to the US Securities and Exchange Commission, posting “misleading tweets about Twitter’s future”...
Japan estimates feared megaquake could cause $1.8 trln in damage, kill 300,000 people
Japan is one of the world's most earthquake-prone countries, and the government sees about an 80% chance of a magnitude 8 to 9 earthquake along a tremulous seabed zone known as the Nankai Trough. TOKYO: Japan's economy could lose as much as $1.81 trillion in the event...
X faces global outage including in India for couple of hours
This is the second time within a month that users have reported outages in the X network New Delhi: Billionaire Elon Musk-controlled microblogging website X on Sunday faced a global outage, including in India, for about a couple of hours, according to online companies...
Japan to give crypto assets legal status as financial products, Nikkei says
As part of the move, crypto assets will be put under insider trading restrictions that prohibit buying and selling based on undisclosed internal information, the Nikkei said TOKYO: Japan's Financial Services Agency (FSA) plans to revise the Financial Instruments and...
Aftershocks rattle devastated city of Mandalay
The initial 7.7-magnitude quake struck near the central Myanmar city of Mandalay early Friday afternoon, followed minutes later by a 6.7-magnitude aftershock. The tremors collapsed buildings, downed bridges and buckled roads, with mass destruction seen in the city of...
Japan issues mid-level volcano warning
"Volcano warning issued for Kirishimayama (Shinmoedake) (near crater) (Volcanic alert Level 3: Do not approach the volcano). An eruption may occur. Follow local government’s instructions and stay away from dangerous areas," the disaster management agency said on X...
Myanmar quake death toll passes 1,600, as junta lets in foreign rescuers
Friday's 7.7 magnitude quake, among the biggest to jolt the Southeast Asian nation in the last century, crippled airports, bridges and highways amid a civil war that has wrecked the economy and displaced millions In neighbouring Thailand, where the quake rattled...
South Africa most dangerous country to drive India ranks 49th among 53 surveyed
India, at 49th place, was listed among the bottom five with the US ranking 51, making it the third most dangerous country to drive, according to Zutobi.com, the international driver's education company with courses in multiple countries Johannesburg: South Africa has...
Insurance industry not expecting any large claims out of earthquake damages in Myanmar and Thailand
This is a significant human tragedy. Unfortunately, there will be a notable protection gap highlighting the continuing need to bring more insurance capital into emerging markets. In comparison to primary perils such as typhoons and floods, earthquake risk in Thailand...