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Here is a masonry blog layout with no sidebarFTX collapse ensnares creditors big and small all over the world
Creditors entangled in the meltdown of FTX, which was once one of the biggest crypto exchanges in the world, include a Frankfurt-based financial institution. It remains unclear just how much money will be generated from the wind-down of FTX, and it’s possible that...
Hard property catastrophe reinsurance market to support 2023 margins: Fitch
Fitch forecasts broadly stable underlying profitability for the global reinsurance sector in 2023, and is maintaining its neutral fundamental sector outlook. Frankfurt/Chicago/London: Reinsurance rates for property catastrophe business should increase by well over 10%...
Shriram Financial Ventures to be Shriram Group’s holding company
Following the merger, Shriram Financial Ventures (Chennai) Pvt Ltd, which was the holding company of Shriram Capital Ltd, would now become the promoter and holding company of the financial services and insurance businesses of the group Chennai: Shriram Capital Ltd,...
IRDAI proposes single management expense limit for insurers
It also proposed that there should be no variable pay to Managing Director (MD), Chief Executive Officer (CEO), Whole-Time Directors (WTD) and Key Management Persons (KMPs) for the financial year in which the actual expenses exceed the projected expenses by more than...
Delhi HC awards Rs 13 lakh to Starbucks in lawsuit against Jaipur café over ‘Frappuccino’
Starbucks said it had moved the court after it came to its notice that the defendant café was selling a beverage under the name of "Brownie Chips Frappuccino" without its permission, authorisation or licence. New Delhi: Recognising Starbuck's right over the...
AP focuses on ‘climate change governance’, sets up special cell
Special Chief Secretary (EFST Department) Neerabh Kumar Prasad said coastal zone disasters (cyclones), drought, adverse human health effects and depleting water resources were some of the challenges AP faced Vijayawada: The Andhra Pradesh government has created an...
World’s most expensive drug approved to treat hemophilia at $3.5 mn a dose
CSL Behring’s Hemgenix, administered just once, cut the number of bleeding events expected over the course of a year by 54%, a key study of the therapy found. It also freed 94% of patients from time-consuming and costly infusions of Factor IX, which is currently used...
Four special benches in SC to hear accident claim, criminal, tax,land acquisition cases from next week
“From next week, there would be special benches for criminal appeals, direct and indirect tax matters, land acquisition matters and motor accidents claims tribunal matters,” the CJI said New Delhi: Four special benches will start functioning in the Supreme Court from...
Global marine industry: Most expensive claims caused by fire and explosion incidents
;The combined value of the global merchant fleet increased 26% to $1.2trn in 2021 while the average value of container shipments has also been rising with more high-value goods such as electronics and pharmaceuticals "The risk of theft and damage to high-value cargos...
China set to fine Ant Group over $1 bln, signalling revamp nears end-sources
The regulators also pushed Ant, whose businesses span payment processing, consumer lending and insurance products distribution, to revamp its business structure and bring it under tighter regulatory supervision Chinese authorities are poised to impose a fine of more...
Australia’s extreme weather events to worsen as climate warms
In a dire report released Wednesday that will add to pressure on the government to take firmer action on climate change, the Commonwealth Scientific and Industrial Research Organisation and the Bureau of Meteorology said rising greenhouse gas levels are causing the...
Aircraft lessors sue insurers for $6.5 billion over seized Russian planes
More than 400 leased planes worth around $10 billion are unable to leave Russia after European Union sanctions forced the termination of their leases.Lessors argue the aircraft are covered by policies against war or theft, but insurers point out the planes are...
Russia reiterates it won’t sell oil to nations that cap prices
The cap, which is also backed by the European Union, would ban companies from providing services, including shipping and insurance, to Russian oil shipments anywhere in the world, unless it’s sold below the agreed threshold Russia doesn’t plan to supply crude or oil...
Over 80% Indians planning to celebrate holiday season with family, spend on travel, shopping: Survey
''We see two strong shifts in the Indian consumer's spending patterns this holiday season. One, there is higher indulgence in experiences they would like to share with family and friends and two, there is a shift towards more thoughtful gifting like sustainable...
Domestic air traffic rises 10 pc in October: DGCA data
Data released by the Directorate General of Civil Aviation (DGCA) on Tuesday showed that domestic air traffic jumped nearly 27 per cent to 114.07 lakh last month compared to the year-ago period when it was 89.85 lakh ''Passengers carried by domestic airlines during...
Union Labour Ministry summons Amazon India over layoff disputes
Underlying the Industries Disputes Act, Nascent Information Technology Employees Senate argues that without permission from the government, an employer cannot be laid off. Bengaluru: The Union Labour Ministry has summoned Amazon India to appear before the Deputy Chief...
At least 250 people killed in Indonesia earthquake, rescue operations underway
The residents were seen scattered through the streets as buildings crumbled, reported Channel News Asia. The tremors destroyed many buildings and were felt in Cianjur in West Java at a depth of 10 km. Hundreds of buildings were damaged, including an Islamic boarding...
Violent protests erupt at Apple’s biggest iPhone-making plant in China
The Foxconn situation serves up another reminder of the dangers for Apple of relying on a vast production machine centered on China at a time of unpredictable policy and uncertain trade relations Hundreds of workers at Apple Inc.’s main iPhone-making plant in China...