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Lessor SMBC Aviation receives insurance settlement over Aeroflot jets stranded in Russia
The lessor under Japan's Sumitomo Mitsui Financial Group said the...
UK launches review of regulators, searching for post-Brexit advantages
"It's clear that the regulators that enforce the rules can also...
US agency probes 12th Tesla crash tied to possible Autopilot use.
While autonomous vehicles are an exciting development, the tech is simply not ready to be deployed safely. Congress must act to protect the public from these vehicles until their safety can be assured,” said Senator Richard Blumenthal of Connecticut, who is a member of the Senate’s Committee on Commerce, Science and Transportation.
Modi govt risks losing focus on economy as protests build: Analysts
The protests over the citizenship law risks taking the government’s attention away from immediate problems facing the economy. Unemployment is at a more than four-decade high, a drag on consumer confidence and spending in an economy where consumption makes up about 60% of GDP.
COP25: Negotiators burn midnight oil to keep UN climate talks alive
This summit has revealed a wide gulf between demands for action by an increasingly vociferous global climate activism movement and inertia in major economies, even as carbon dioxide emissions have hit record highs.
Big victory for Johnson and Conservatives clears way for quick Brexit
“Boris Johnson may have a mandate to take England out of the European Union. He emphatically does not have a mandate to take Scotland out of the European Union,” said Nicola Sturgeon, SNP leader and first minister of Scotland.
Royal Caribbean cruises faces potential liability for New Zealand volcano deaths
Cruise ship passengers were among the tourists on White Island on Monday when it erupted. While no lawsuits have yet been filed, legal experts said they expected action in U.S courts by injured passengers and families of those who died.There were 47 people on the island at the time. Eight have been officially declared dead and more than 20 are being treated for severe burns
Shipping industry and insurers face uncertain new fuel risks and rule
To reduce emissions of toxic sulfur that cause premature deaths, shipowners who have long relied on the dirtiest residues of oil extraction will have to either switch to low-sulfur fuel or install exhaust gas cleaning systems from Jan. 1.
Swiss health startup dacadoo secures funding for its global growth
dacadoo develops technology solutions for digital health engagement and health risk quantification, and the company partners with insurers as well as corporate health service providers to bring its technologies to market globally.
Boeing 737 MAX Planes to Remain Grounded Rest of This Year: FAA
Once the FAA clears the plane to fly and approves training changes, it will still take U.S. airlines 30 days or more to resume flights. Dickson told CNBC the FAA has not made a decision on pilot training requirements.
U.S. regulator homes in on climate risks to U.S. markets
The report, by a 35-member panel formed last month by the Commodity Futures Trading Commission, “will address both the short-term financial risks that may be associated with the transition to a low carbon economy, as well as the current and future market and financial risks associated with the physical risks that will arise from a warming climate,” Bob Litterman, a partner at hedge fund Kepos Capital and the panel’s chair, said at a public meeting held at the CFTC’s Washington headquarters.
AXA XL announces Collaboration with Slice Labs and Microsoft to Improve Cyber Risk Management
“This new level of integration with Microsoft and Slice Labs reinforces the fact that insurance is no longer an after the fact product that companies should use as a band-aid when an incident occurs,” said John Coletti, Chief Underwriting Officer, AXA XL’s cyber insurance team in North America. “We’re excited to bring a solution to market that only large enterprises have procured in the past to SMB’s who need it just as badly.”