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South Korea crypto exchange Bithumb says system flaws led to $40 billion error
The country’s second-largest virtual asset exchange said it...
Singapore’s 4 telecom companies targeted by cyber espionage group
Google-owned cyber security firm Mandiant has described UNC3886 as...
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...
Plane with 67 passengers crashes in Kazakhstan, many killed
According to Russian news agency Tass, 32 people have survived the passenger plane crash near Aktau in Kazakhstan, the press service of the Kazakh Emergencies Ministry reported ASTANA: A passenger plane crashed near the city of Aktau in Kazakhstan on Wednesday and...
European Central Bank plans insurance for climate risks
One part of the plan is a voluntary public-private reinsurance mechanism that would pool private risks across the EU to help backstop weather-related losses. The second pillar would be to create a mandatory European Union fund to pay reconstruction costs when...
Insurance technology firm bolttech raises $100 million to fund global growth
Founded in 2020, bolttech operates a digital platform where insurers, distributors and customers buy and sell insurance and protection products in more than 35 markets across North America, Asia, Europe and Africa, according to its website Singapore:...