Korea's National Pension Service, which has more than $1.3 trillion...
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Hormuz shuttles keep oil flowing, but at a high cost
Ship-to-ship (STS) transfers have become a vital lifeline for Gulf...
Soaring cost making some long-distance crude trades uneconomical
But for oil traders, the risk is that shipping becoming...
Before flood catastrophe, Nepal asked China for early warnings as risks mounted
"What we actually wanted from them, and still want, is if there are early movements of glaciers and early movements around that area, we would want to know a bit early," said Sauhardra Joshi, a hydrologist at Nepal's Flood Forecasting Division, who was in the May...
AI Cyberattacks: Global firms warn of ‘Limited Window’ to protect critical infrastructure
OpenAI, Anthropic, Microsoft, Google, Visa and Mastercard are among the signatories to an open letter issued on August 27, which cautioned that existing cybersecurity measures may soon prove inadequate as AI-enabled attacks become more widespread and sophisticated. A...
Aon close to acquiring USI Insurance from KKR in $17 billion deal, WSJ reports
The deal could be announced as early as Monday, Aon Plc is close to an agreement to acquire insurance brokerage USI Insurance Services from private equity firm KKR for about $17 billion, including debt, the Wall Street Journal reported on Sunday, citing...
Nepal Catastrphe: GIC Re’s losses limited as other international reinsurers take the hit
“Nepal’s non-life insurance market relies heavily on global reinsurance capacity to underwrite catastrophe risks, and so international reinsurers are expected to absorb a significant share of the overall insured losses,” said Victoria Ohorodnyk, senior director and...
Flood water level rises again in Bhotekoshi river: Nepal authorities
Death toll from the flash floods, which caused widespread devastation, has surged to nearly 700 and nearly 2,400 people remain missing following the disaster, according to authorities.. The impoverished Himalayan nation of 30 million people called for specialist...
Meta’s social media settlement leaves its money machine unscathed
Beyond a wave of lawsuits globally claiming it knowingly sought to addict children and caused a mental health crisis, Meta has also been under scrutiny over sexualized AI chatbot interactions with children. The legal threats, long shrugged off by shareholders, drew...
Court approves Bank of America’s $72.5 million settlement with Epstein accusers
The lawsuit is one of several accusing Epstein’s banks of ignoring suspicious financial transactions related to Epstein, for concern they might lose his business. A federal judge said on Thursday he would grant final approval to Bank of America’s $72.5 million...
China says flash flood disaster caused by high-altitude glacier collapse in Nepal
Scientists are examining how a possible glacial collapse and ice-rock avalanche may have triggered the devastating flash floods along Nepal's Bhotekoshi River, with preliminary assessments indicating that debris may have temporarily blocked the Lhende River and...
Himalayan Flood Fury: Death toll rises to 469 as lake poses new flood threat,1,500 people are missing
Scientists who’ve studied satellite images said bedrock underneath a glacier high in the Himalayan region had collapsed, taking part of the glacier with it. The rocks and melted water swelled the rivers in the valleys below, causing a torrent of water that swept...
Climate change reshaping health outcomes and straining healthcare systems in Asia
The annual financing gap for health-focused climate adaptation across Asia-Pacific stands at approximately US$3.52 billion through to 2030, more than six times the funding currently available Mumbai:Across Asia, climate change is reshaping health...