John Healey,UK Defense Secretary The narrowness of the Strait of...
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World faces largest-ever oil supply disruption on Middle East war, IEA says
The supply could rise in April as some Middle East Gulf producers...
Chubb to be lead partner on US’s $20 billion Maritime Reinsurance Plan
“Together, DFC and Chubb have identified several American insurance...
Lloyd’s broker UIB charged by UK over alleged Ecuador bribes
UIB sold reinsurance services to state-backed insurers covering parts of the Ecuadorian public sector, including the state water and electricity companies between 2013 and 2016, the SFO said. The broker is accused of £3 million to intermediaries who then bribed an...
Google holds illegal monopolies in ad tech, US judge finds
The ruling could allow prosecutors to argue for a breakup of Google's advertising products. The U.S. Department of Justice has said that Google should have to sell off at least its Google Ad Manager, which includes the company's publisher ad server and its ad...
China bans ‘smart’ and ‘autonomous’ driving terms from vehicle ads
Analysts and industry sources cautioned stricter regulations would increase costs and slow the pace of technology development and adoption. But it could also accelerate a long-overdue consolidation in China’s crowded auto industry that has been grappling with...
US cyber insurance premium shrinking to continue: Fitch
The cyber insurance line was profitable for 2024, but direct written premiums fell for the second straight year due to declining rates and fewer policies in force U.S. cyber insurance renewal premium rates have fallen YoY for the last three quarters and are...
In landmark ruling, UK’s top court says legal definition of woman refers to biological sex
The much anticipated ruling centred on whether a trans woman with a gender recognition certificate (GRC), a formal document giving legal recognition of someone's new gender, is protected from discrimination as a woman under Britain's Equality Act LONDON: Britain's...
Near misses, fatal crashes force airlines to confront US worried fliers
“You shouldn’t be scared to get on an airplane, but you should be concerned about the future of our air traffic control system,” said Samuel Engel, a senior vice president of ICF Inc. “We are behind on critical investments and we have an unsustainable funding strategy...
Challenges from tariff uncertainty likely credit negative for insurers: AM Best
"Insurance companies have financial exposure to public equities — more so for P/C companies—whose decline will lead to unrealized losses and ultimately, declines in capital.There are 166 P/C insurers that have more than 25% of their assets allocated to equities," said...
Retaliation risk looms for some U.S. corporates as trade war continues: Fitch
The scope of potential retaliation is evolving as the trade war focus shifts to China. This raises the risk for other sectors like technology, agriculture, gaming and autos as some casinos and original equipment manufacturers have licenses or joint ventures in China,...
Landmark agreement reached at WHO over tackling future pandemics
"In reaching consensus on the Pandemic Agreement, not only did they put in place a generational accord to make the world safer, they have also demonstrated that multilateralism is alive and well, and that in our divided world, nations can still work together to find...
China accuses a US spy agency of hacking Asian Winter Games
China’s National Computer Virus Emergency Response Center said this month that more than 270,000 foreign cyberattacks were recorded on computer networks associated with the Asian Winter Games between Feb. 7 and Feb. 14. About two-thirds of the attacks were traced to...