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Egypt Court rejects appeal to free ship that blocked Suez

by AIP Online Bureau | May 26, 2021 | International News, Non-Life, Reinsurance

  An Egyptian court rejected an appeal by the owner of a giant container ship that blocked the Suez Canal to allow it to leave the country, as a legal dispute over compensation continues. Sunday’s ruling marked the second time Japan’s Shoei Kisen...

Japan’s Biggest Dating App Hack Exposes Two Million Accounts

by AIP Online Bureau | May 26, 2021 | Eco/Invest/Demography, International News, Risk Management, Technology

  A leading Japanese matchmaking app was hacked, likely exposing the personal information of more than 1.7 million account holders, in the latest high-profile online attack. Net Marketing Co., which runs the Omiai dating app, said that it found evidence of...

Bank of England aims for greener corporate bond portfolio

by AIP Online Bureau | May 26, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

  London: The Bank of England set out plans on Friday to use its 20 billion pounds ($28.4 billion) of corporate bond holdings to nudge companies to cut greenhouse gas emissions faster, part of a wider government strategy to achieve net-zero emissions. The BoE...

Barclays dragged into insurer ‘War’ over failed M&A deal

by AIP Online Bureau | May 26, 2021 | International News, Non-Life, Reinsurance

  Barclays Plc has been dragged into a bitter feud between two French insurers over its role in a failed hostile takeover bid. SCOR SE is suing Barclays in London for breach of confidence when the bank advised Covéa on its bid to acquire SCOR in 2018....

WhatsApp case fuels fears over India’s new social media rules

by AIP Online Bureau | May 26, 2021 | Eco/Invest/Demography, Health, Indian News

  New rules governing social media companies in India will make it hard for the firms to operate and give authorities the power to censor internet users, campaigners warned after WhatsApp filed a suit against the Indian government. WhatsApp, a unit of Facebook,...
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