Commercial insurance companies won’t provide coverage for ship that...
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ECB embeds climate risk to its supervisory approach on bank losses
The ECB is moving faster than other central banks in treating the...
Israel-Iran Conflict: War risk insurance premiums for shipments to Israel spurt
Individual underwriters will price risk and rates differently, but...
Global job scam to cause $100 mn in losses for over 1,000 companies: Report
Nicknamed ‘Webwyrm’, hackers in the global-scale job scam have impersonated over 1,000 companies across 10 industries for a combo task scheme akin to the ‘Blue Whale Challenge’ (from a few years ago that caused a massive global impact), according to the team from...
From Ukraine to Taiwan, satellite firms wrangle with geopolitics in space
In March, Taiwan reported that two undersea cables to some of its outlying islands appeared to have been cut, although it stopped short of blaming Beijing. Taiwan media reported mounting interest in securing satellite internet connectivity immediately afterwards. Such...
Germany to Send Air Defenses for Kyiv to Guard Grain Routes
While Kyiv has unilaterally created a temporary corridor for ships in the Black Sea, so far it’s mostly symbolic as mainstream shipping companies are wary of using it. Twelve ships have passed through it in recent weeks, but that’s very few compared with traffic via...
Fears about Amazon and Microsoft cloud computing dominance trigger UK probe
The UK communications regulator Ofcom said Thursday that its year long study of the cloud communications services market found features that could limit competition. British businesses face barriers when they try to switch or use multiple cloud suppliers, it said...
Farmers, fishermen getting benefits of state-of-the-art research in climate-weather forecasting, says Rijuju
India is making progress in the field of timely prediction of natural calamities like cloudbursts and earthquakes and the country will soon be able to accurately predict these and avoid large scale damage, Kiren Rijuju Union Minister of Earth Sciences Pune: Union...
US accuses Google of illegal methods to push up ad prices
Google's advertising business has been criticized by advertisers and website publishers for a lack of transparency, with both accusing Google of siphoning off too much revenue. The testimony on advertising is a change from previous testimony that has focused on the...
Climate change damage to infrastructure poses ‘huge’ financial risks
Disasters are causing average losses of $732 billion-$845 billion each year to infrastructure and buildings, equal to 14% of growth in global gross domestic product in 2022, estimated the Coalition for Disaster Resilient Infrastructure (CDRI) Climate-fuelled disasters...
Treasury’s Yellen says US overdependent on China for critical supply chains
U.S. Treasury Secretary Janet Yellen The U.S. would face national security concerns without a robust semiconductor sector of its own, she said, adding that last year's Chips and Science Act will help reverse that trend. U.S. Treasury Secretary Janet Yellen said on...
Aon to acquire Prabodh Thakker’s Global Insurance Brokers
The combined capabilities of Global Insurance Brokers and Aon will allow us to better serve our clients across India in new geographies and industries. This acquisition will reinforce our commitment to helping our clients navigate volatility and make better decisions...
US regulators settle with more firms over use of texts and WhatsApp
The settlements mark the latest enforcement actions in the SEC's two-year crackdown on Wall Street's use of unapproved messaging apps, which has so far resulted in more than $2 billion in fines Because companies do not surveil personal messaging channels, using them...