by AIP Online Bureau | Aug 22, 2022 | Eco/Invest/Demography, International News
The world may soon be teetering on the edge of a global recession, only two years after the last one,” Pierre-Olivier Gourinchas, the IMF’s chief economist, said. Governments, businesses and families worldwide are feeling the war’s economic effects...
by AIP Online Bureau | Aug 16, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
“The prohibition relating to coal and to certain fertilizers refers both to the “purchase” and the “transfer” of these goods, irrespective of final destination,” Arianna Podesta, a European Commission spokeswoman, told Bloomberg in an email. Those sanctions extend to...
by AIP Online Bureau | Aug 10, 2022 | International News, Non-Life, Reinsurance
The reinsurer already wrote down the value of Russian and Ukrainian bonds by almost 700 million euros in the first quarter, and also booked about 200 million euros in war-related reinsurance costs in the first half of the year The Munich-based company wrote down the...
by AIP Online Bureau | Aug 7, 2022 | International News, Non-Life, Reinsurance, Risk Management
The unusual move makes the cargo’s ultimate destination harder to track, adding to a trend of Russian oil shipments becoming increasingly obscured since European buyers began to shun them following the nation’s invasion of Ukraine Russia appears to have found a new...
by AIP Online Bureau | Aug 2, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Scores of ships are stuck in the ports dotted along the Black Sea and are expected to begin moving out in “caravans” if all goes well However, shipowners will have to secure insurance for cargoes and vessels, and also find enough crew to sail them Ukraine made its...
