The European Medicines Agency said Monday that it was looking at...
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Chinese hackers breached unclassified govt email by foiling Microsoft security: US officials:
The hack was disclosed late Tuesday by Microsoft in a blog post. It...
Cost-of-living crisis fuels political turmoil, according to WTW political risk index
Evan Freely, Global Head of Financial Solutions, WTW, said, “The...
Pakistan approves first Islamic reinsurance service
Islamabad: Pakistan’s capital market regulator has granted approval to the country’s sole reinsurer to offer sharia-compliant reinsurance, part of efforts to boost the fledgling Islamic insurance (takaful) sector.The Securities and Exchange...
Indonesia earthquake and tsunami: How warning system failed the victims
Palu – a city in Sulawesi located in a narrow bay – was hit by waves as high as six metres. The surging water brought buildings down and caused widespread destruction. Hundreds of people had gathered for a beachfront festival and it was was a scene of horror as waves powered over the beach – sweeping up everything in their path.
Indonesia earthquake, tsunami toll reaches 384, more than 540 injured
Indonesia’s 17,000 islands are prone to earthquakes because the country straddles the Ring of Fire, an arc of fault lines and volcanoes that causes frequent seismic upheavals. At least 160,000 people were killed on Sumatra Island as a result of a 9.1 magnitude earthquake and tsunami on Boxing Day in 2004
Another breach hits FB, despite vow to protect data
A few days before that, Zuckerberg wrote that the company was better prepared for attacks by foreign actors spreading division and misinformation ahead of elections in the US, France and other countries. The prospect of hackers taking control of almost 50 million Facebook accounts may undermine those assertions.
Harmful use of alcohol kills more than 3 million people each year, most of them men:WHO
Of all deaths attributable to alcohol, 28% were due to injuries, such as those from traffic crashes, self-harm and interpersonal violence; 21% due to digestive disorders; 19% due to cardiovascular diseases, and the remainder due to infectious diseases, cancers, mental disorders and other health conditions.
UK Finance Minister Urges EU to Help Devise Hard-Brexit Contingency Plans: Reuters
The Bank of England has called this approach “impractical” and said 82 billion pounds ($109 billion) of insurance liabilities involving 48 million policyholders could be disrupted across Britain and the European Economic Area.
Porsche first German carmaker to abandon diesel engines
Diesel car sales have dropped sharply as several German cities have banned them to bring down air pollution — a trend that Chancellor Angela Merkel was due to discuss with car company chiefs in Berlin later Sunday.
Lloyd’s returns to profit for the first half of 2018
Lloyd’s Chief Executive, Inga Beale, said: “These results and return to profit demonstrate the strength of the Lloyd’s market following one of the costliest years for natural catastrophes in the past decade. Whilst these results are welcome, Lloyd’s continues to concentrate on improving the Lloyd’s market’s long-term performance by taking action to address underperforming areas of the market.
Florence portends more massive hurricanes in age of global warming
“There is going to be both more inland flooding and more storm-surge, ocean-related flooding because the ocean is getting higher,” said Brion Callori, senior vice president of engineering and research at commercial property insurance firm FM Global.
Digitally influenced spending in emerging markets to reach $4 trillion by 2022: Report
BCG’s report comes at a time when emerging markets are growing at three times the rate of developed markets and contributing much of the world’s growth.