In Indonesia, Malaysia and Thailand the death toll mounted to over...
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Airbus issues major A320 recall, threatening global flight disruption
The advisory follows an unnerving incident on Oct. 30 involving a...
AIG to pay Neal $2.7 million to compensate for “foregone incentives”
John Neal, forner CEO, Lloyd's AIG withdrew its employment offer to...
China’s 2024 GDP growth set to hit target of around 5%, says Xi Jinping
China is expected to set a 2025 growth target roughly similar to this year’s, as top leaders signaled earlier this month they’re willing to embrace more forceful stimulus measures. That would help the economy counter any impact from potential increases in US tariffs...
World population will be 8.09 billion on New Year’s Day after a 71 million increase in 2024
The 0.9% increase in 2024 was a slight slowdown from 2023, when the world population grew by 75 million people. In January 2025, 4.2 births and 2.0 deaths were expected worldwide every second, according to the estimates New York: The world population increased by more...
South Korea’s Jeju Air crash insured by Samsung Fire & Marine and 4 others, reinsured by AXA XL
The aviation insurance industry could be looking at a claim for about $15-$20 million under the airline hull insurance policy, and total passenger liability claims of $120-$180 million due to the crash, according to Marcos Alvarez, managing director of global...
South Korea orders airline safety probe after worst domestic crash kills 179
Investigators are examining bird strikes, whether any of the aircraft’s control systems were disabled, and the apparent rush by the pilots to attempt a landing soon after declaring an emergency as possible factors in the crash, fire and transportation officials have...
Fiery crash kills at least 179 in worst airline disaster in South Korea
The ministry also confirmed the casualties in the deadliest air accident involving a South Korean airline in nearly three decades. Video shared by local media showed the twin-engine aircraft skidding down the runway with no apparent landing gear before slamming into a...
Putin apologises to Azerbaijani counterpart for tragic plane crash incident
An official Kremlin statement issued on Saturday said that air defence systems were firing near Grozny airport as the airliner repeatedly attempted to land there on Wednesday. It did not explicitly say one of these hit the plane. Moscow: Russian President Vladimir...
China to ramp up pensions and medical insurance subsidies for residents to push consumption next year
The measures will improve people's livelihoods and the policy system to support population growth as well as strengthen the social security network and health care system, it said Beijing: China will ramp up fiscal support for consumption next year by raising pensions...
Some infectious diseases saw a huge surge in 2024
“The resurgence of preventable and climate-sensitive illnesses highlights the importance of adhering to preventive measures while advancing innovation to address diseases,” said Kristan Piroeva, an analyst at Airfinity, and called for global data sharing, surveillance...
Russian air-defense system downed Azerbaijan plane, sources say
One of the Azerbaijani sources familiar with Azerbaijan's investigation into the crash told Reuters that preliminary results showed the plane was struck by a Russian Pantsir-S air defence system. Its communications were paralysed by electronic warfare systems on the...
Cat-bond issuance hit a record $50 billion in 2024
Cat bonds continue to pay out more than many fixed-income assets. This year, investors are on track to earn returns of 16%, compared with a record 20% in 2023 Catastrophe-bond issuance rose to a record this year, increasing the overall market to almost $50 billion, as...