“I did believe the City would have another life after Brexit, but I...
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Hormuz tanker transits recover after security jitters
There could be more ships plying the strait with their transponders...
Hormuz transit security is ‘Hour to Hour’ play, Chubb CEO says
“Mines are the greatest uncertainty” in the strait, Greenberg said,...
Airbus, Air France convicted of corporate manslughter over 2009 Atlantic Crash
Airbus and Air France both said they would appeal to France’s highest court, ignoring pleas from the relatives. The trial exposed bitter divisions between the airline and planemaker over the cause of the accident and a gulf between a civil crash report that focused...
Iran in talks with Oman on permanent Hormuz toll framework
Now, Iran has expanded its claimed area of jurisdiction and set out new rules for vessels seeking to transit the waterway, which is roughly 24 miles (39 kilometers) wide at the narrowest point. That involves seafarers dealing with a new body called the Persian Gulf...
Bank CEOs’ AI push faces rising regulatory scrutiny
The European Banking Authority, which also sets rules for US and Asian banks operating in Europe, wants to ensure that national supervisors across the bloc have playbooks “to mitigate risks” that AI poses to the finance sector, Merkeviciute said. The more complex the...
Crypto crime escalates beyond hacks to kidnappings and coercion
Physical attacks on cryptocurrency holders rose 75% in 2025, reaching 72 confirmed incidents and $41 million in known losses, according to data compiled by the blockchain security firm CertiK. The figure is widely considered understated, with kidnappings and ransom...
Willis and Global Parametrics deliver first payout to coffee farmers in Vietnam hit by heavy rainfall
In late 2025, Willis placed the high rainfall parametric solution with Bao Minh Insurance Corporation in Vietnam, protecting coffee farmers’ revenue against a loss of yield due to excessive rainfall during the ‘golden’ harvesting period. The solution uses satellite...
Munich Re appoints Gavin Maistry as its chief executive for Life and Health, Asia Pacific, Middle East and Africa
Gavin Maistry, chief executive-designate,Life and Health Asia Pacific, Middle East and Africa, Munich Re In his new role, Gavin Maistry will oversee approximately 600 professionals across 16 branches and representative offices, serving over 600 clients in APAC MEA. In...
Coal pollution dims global solar power output
The effect is most pronounced when solar facilities are located next to coal plants. In China, the world’s largest producer of solar power and coal, aerosols slashed photovoltaic output by 7.7%, with scientists attributing nearly a third of the decline to coal-fired...
World Bank launches $200 million Jamaica Cat Bond
For cat bond investors, “current signals point to lower activity and losses in the Gulf, but relatively higher risk in the South- and Northeast, especially for stronger events,” Schroders said in a recent note. “This creates scope for portfolio repositioning ahead of...
Iran war tests UAE’s safe-haven image
The UAE, a close ally of the United States and Israel, faced more missile and drone attacks from Iran during the war than any other country. The attacks — and Iran’s chokehold on the Strait of Hormuz — have more than halved the Emirates’ exports of crude oil and...
Iran imposes checks, fees in Hormuz
New Delhi uses its embassy in Tehran to liaise with Iranian authorities, including the IRGC and the Iranian navy, which vets ships India wants to sail out of the Gulf, according to an Indian shipping ministry official. For many vessels, the route out of the Gulf and...