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IMF raises 2026 global growth forecast to 3.1%, Warns of AI risks
Kristalina Georgieva, managing director ,International Monetary...
Hackers heat French supermarket fridges, sparking fires and spoiling food
There was no immediate estimate of industry-wide losses, but...
Strait of Hormuz would not be reopened until Iran’s conditions fulfilled: Parliament Speaker Ghalibaf
"And until these conditions are fulfilled, the legitimate rights of the Iranian people are recognised, and the commitments of the Americans are implemented, there will be no opening for returning to the previous conditions of negotiation and the opening of the Strait...
Gemini hacked three companies in first known breakout by Google’s AI
The hacks occurred in May during a cybersecurity test conducted by Irregular, an independent company that conducts cybersecurity evaluations.During a standard testing evaluation, Gemini found public information online and guessed credentials to access three websites...
Hong Kong sets out initiatives to secure long-term development of pillar industries
"We will consolidate and enhance Hong Kong's status as an international financial centre, and stay committed to our global positioning," Hong Kong's Chief Executive John Lee said Hong Kong: Hong Kong's Chief Executive John Lee rolled out various measures to develop...
Majority of digital infra stakeholders faced material disruption in 5 yrs: Economist Enterprise–FM report
“As organisations scale, the challenge is not simply managing individual risks, but understanding how cyber, energy, climate and supply-chain disruptions can interact across increasingly interconnected systems. Resilience needs to keep pace with growth and inform...
Warren Buffet’s son Howard succeeds him as chairman of Berkshire Hathaway
Howard G. Buffett, chiarman,Berkshire Hathaway Inc Warren E. Buffett has been named chairman emeritus of the company Berkshire Hathaway and its subsidiaries engage in diverse business activities including insurance and reinsurance, utilities and energy, freight rail...
“Totally unacceptable”: MEA raises alarm over security, navigation threat amid escalating tensions in Red Sea area
"We are deeply concerned about the escalation in the security situation in the Red Sea area... We have expressed our condemnation of the attacks on Saudi sovereign territory, including on civilians and economic assets. Such attacks vitiate regional security, impact or...
Ukraine may provide additional insurance cover for ships to revive seaborne food exports
“The main challenge remains ensuring the safety of maritime transport and the stability of export corridors. The introduction of ship-insurance mechanisms was discussed,” the UCAB lobby group said in a report issued after a meeting with Ukraine’s president and prime...
Financial fragmentation could amplify shocks across global insurance markets: Geneva Association report
Jad Ariss, managing director of the Geneva Association, said, "The global economy is entering a new phase in which geopolitical considerations are playing a greater role in shaping financial markets. For an industry built on international risk sharing and long-term...
Aon launches CyQu marketplace for better cyber risk management
“As cyber threats continue to evolve, determining where to focus resources and which actions will have the greatest impact on reducing risk and supporting broader risk financing objectives has never been more critical. CyQu Marketplace helps clients prioritize risk...
Florida Hurricane could trigger $300bn insured losses: Swiss Re
Balz Grollimund, Head Catastrophe Perils at Swiss Re, said: "The Atlantic hurricane season has been relatively quiet so far this year, but it only takes one major storm making landfall in a highly exposed area to turn a quiet season into a costly one. One hundred...