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S&P revises its outlook on GIC Re South Africa to positive from stable
The affirmation of the ratings on GIC Re SA reflects S&P's...
Monsoon havoc claims 34 lives, causes Rs 7,119 lakh loss in Himachal: State Govt
The highest damage has been reported to infrastructure under the...
Insurer Ascot pauses writing new cover for Ukrainian shipments
“From today we are pausing on quoting new shipments until we better understand the situation,” Ascot head of cargo Chris McGill told Reuters. "Insurance that has already been issued still stands.” London: Lloyd’s of London insurer Ascot is pausing writing cover for...
Cyber officials from 37 countries, 13 companies to meet on ransomware in Washington
One key topic for discussion will be how to disrupt such attacks, counter the illicit movement of cryptocurrencies and build resilience against such attacks, the official said The White House hopes the meeting will allow participating countries to "institute a set of...
Turning City of London into the ‘Wild West’ would be self-defeating, says BoE’s Woods
Sam Woods,Deputy Governor Bank of England London: Turning the City – London’s financial district – into a “Wild West“ to attract more business after Brexit would be self-defeating as maintaining financial stability is key to competitiveness, Bank of England Deputy...
Unseasonal rains affecting Kharif crops, to impact food inflation: SBI Research
"In states like UP, the unseasonal rain was more than 400 per cent above the normal. Overall, India has received a staggering 54 per cent above normal rains in October so far," it said New Delhi: Unseasonal rains in parts of India in October may have a large negative...
Russia halts UN brokered Ukraine Black Sea grain exports
The U.N. chief said the grain deal brokered by the United Nations and Turkey in July helps "to cushion the suffering that this global cost-of-living crisis is inflicting on billions of people, his spokesman said Kyiv: Russia announced Saturday that it will immediately...
Jharkhand’s 226 of 260 blocks drought-hit; advance relief of Rs 3,500 paid to each affected farmer
“The state government will provide an advance relief of Rs 3,500 to every affected farmer family in the blocks. The initiative will cost about Rs 1,200 crore to the state exchequer,” Jharkand's Chief Minister Hemant Soren tweeted “The disaster management department...
Heat waves due to climate change have cost world economy trillions so far
The study is among the first to specifically examine how heat waves affect economic output, said senior author Justin Mankin, an assistant professor of geography at Dartmouth It has discovered that from 1992 to 2013, heat waves statistically correlated with changes in...
Bengaluru-bound IndiGo plane engine flight catches fire, emergency declared at Delhi airport
The Bengaluru-bound A320 aircraft, which had 184 people on board, later returned to the bay. The people were safely deboarded, the sources said New Delhi: An IndiGo plane declared emergency at the Delhi airport on Friday after one of its engines caught fire at the...
47 dead, dozens feared missing as storm lashes Philippines
About 20 typhoons and storms batter the Philippine archipelago each year. It is located on the Pacific "Ring of Fire," a region along most of the Pacific Ocean rim where many volcanic eruptions and earthquakes occur, making the nation one of the world's most...
Ransomware remains a top cyber risk for businesses globally, but new threats emerging: Allianz report
Ransomware is forecast to cause $30bn in damages to organizations globally by 2023 Around the world, the frequency of ransomware attacks remains high, as do related claims costs. There was a record 623 million attacks in 2021, double that of 2020 Although frequency...