" "The industry is undergoing a fundamental shift. As risk becomes...
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Asia warming twice as fast as global average: WMO
The sea surface in Asia is also warming at nearly double the global...
Airlines weigh Middle East cancellations after US strikes in Iran
Cancellations in recent days to usually resilient aviation hubs...
Ukraine in talks with Marsh on war risk insurance for air transport
Air traffic over Ukraine has been suspended since Russia’s full-scale invasion in February 2022. But Kyiv wants to reopen Boryspil International Airport just outside the capital as soon as possible once conditions permit, which it sees as a victory for Ukraine’s...
Not every fingerprint is unique, reveals AI
It’s a well-accepted fact in the forensics community that fingerprints of different fingers of the same person are unique, and therefore, unmatchable. “This discovery is an example of more surprising things to come from AI,” said Hod Lipson New York: Engineers from...
How Houthi attacks on ships in the Red Sea are affecting global trade
In fact, 40% of Asia-Europe trade normally goes through the area, including a huge amount of energy supplies like oil and diesel fuel for import-dependent Europe, said John Stawpert, senior manager of environment and trade for the International Chamber of Shipping,...
Crude oil prices rise after US, UK attack Houthis
The Houthis attack is forcing ships to take a far longer route around Africa and can cause insurance costs to rocket. Companies can pass on the increased cost of moving their goods to consumers, raising prices again at a time when governments around the world have...
Higher shipping freight rates to offset costs of re-routing from Suez:Fitch
The Red Sea disruptions amplify the impact on global trade from the Panama Canal congestion, caused by drought conditions that have almost halved the number of vessels using the waterway. Bulkers carrying agricultural commodities and tankers are most affected by the...
Govt cracking down on firms making false eco-friendly claims on products
All environmental claims shall be backed by verifiable evidence, and while making disclosures in relation to environmental claims, data from research shall not be cherry picked to highlight only favourable observations while obscuring others that are unfavourable New...
US SEC approves bitcoin ETFs in watershed for crypto market
Standard Chartered analysts this week said the ETFs could draw $50 billion to $100 billion this year alone. Other analysts have said inflows will be closer to $55 billion over five years WASHINGTON/NEW YORK: The U.S. securities regulator on Wednesday approved the...
U.S. SEC account hack renews spotlight on X’s security concerns
Accounts on X, formerly known as Twitter, can be hijacked by stealing passwords or tricking targets into giving up their login credentials, just like on any other social media platform The hack of the U.S. Securities and Exchange Commission’s official account on X on...
Finance Minister Nirmala Sitharaman unveils GIFT city’s financial landscape
Nirmala Sitharaman,Finance Minister GIFT authorities are also exploring new areas such as blended finance and de-risking mechanisms, and longevity finance which can open up opportunities in wealth management, insurance, pension and medical tourism as well Gandhinagar:...
‘What is good for another market need not be good for us’, says RBI Guv Das on crypto regulations
Shaktikanta Das,Governor,Reserve Bank of India His remarks come against the backdrop of the US Securities and Exchange Commission approving changes to allow the creation of bitcoin exchange-traded funds in the US Mumbai: Reserve Bank Governor Shaktikanta Das on...