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BNP Paribas to pay $3.5 billion for increasing its stake in Ageas to 22.5% from 14.9%
The deal involves France’s biggest bank selling its 25% stake in AG...
EMEA insurance sector in 2026 to have stable operational and business conditions, says Fitch Ratings
Some pricing and competitive pressures will arise, alongside weak...
China’s population falls for third straight year, posing challenges for its government, economy
The figures announced by the government in Beijing follow trends worldwide, but especially in East Asia, where Japan, South Korea, Hong Kong and other nations have seen their birth rates plummet. China three years ago joined Japan and most of Eastern Europe among...
CoreLogic estimates California wildfire insured losses at $35 to $45 billion
This analysis of both residential and commercial properties accounts for both fire and smoke damage as well as demand surge, debris removal, clean up and Additional Living Expenses (ALE). The majority of losses are to residential properties. Many of the potentially...
Family of former Leicester owner files $2.6 billion fatal accident claim after helicopter crash
“My father trusted Leonardo when he bought that helicopter but the conclusions of the report into his death show that his trust was fatally misplaced,” said Aiyawatt, who succeed Vichai as chairman of Leicester. “I hold them wholly responsible for his death.” The...
Apple, Amazon fight off $600 million UK lawsuit over alleged ‘collusion’
The lawsuit was brought by consumer law academic Christine Riefa on behalf of around 36 million British consumers who had bought Apple or Beats products LONDON: Apple and Amazon have successfully fought off a mass lawsuit in Britain over alleged collusion between the...
NHS ransomware hack caused patient harm in UK, data shows
Ransomware attacks have surged by some 300% in the last decade, and health care is one of the most affected industries, according to Microsoft Corp. findings A cyberattack that paralyzed hospitals and clinics in London last year resulted in harm to dozens of patients,...
War anxiety grips Davos experts with Ukraine peace still elusive: WEF Survey
“Rising geopolitical tensions, a fracturing of global trust and the climate crisis are straining the global system like never before,” said Mirek Dušek, WEF’s Managing Director War is the top worry wracking the nerves of risk experts surveyed by the World Economic...
US SEC sues Elon Musk over late disclosure of Twitter stake
Elon Musk In a complaint filed in Washington, D.C. federal court, the SEC said Musk violated federal securities law by waiting 11 days too long to disclose his initial purchase of 5% of Twitter's common shares Elon Musk was sued on Tuesday by the U.S. Securities and...
Allianz Risk Barometer 2025: Business interruption top business risk in Asia
Christian Sandric, Regional Managing Director of Allianz Commercial Asia, said, “Business interruption is the most significant risk for companies in the region and this is no surprise as Asian economies are increasingly participating in trade globally and regionally....
LA blaze damage likely to be largest wildfire insured loss in US history
Estimating insured losses is difficult given that fires are not fully contained. Nonetheless, significantly wide estimates for insured losses range between $10 billion and $30 billion, and economic losses between $150 billion to $275 billion, says Fitch The Los...
China discusses sale of TikTok US to Musk as one possible option
Under one scenario that’s been discussed by the Chinese government, Musk’s X — the former Twitter — would take control of TikTok US and run the businesses together, the people said. With more than 170 million users in the US, TikTok could bolster X’s efforts to...