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Here is a masonry blog layout with no sidebarAfghanistan world’s unhappiest country, even before Taliban: Report
Finland ranked first for the fourth year running with a 7.8 score, followed by Denmark and Switzerland, with Iceland and the Netherlands also in the top five Researchers ranked the countries after analyzing data over three years. They looked at several categories...
Russia-Ukraine war: GIC Re cancels war risk covers for Marine Cargo,Hull and Airlines around affected areas , not to re-issue them with higher premiums
Ukrainian and Russian waters in the Black Sea and the Sea of Azov” as one of the listed territories for cancellation of war risk covers by GIC Re GIC Re has a small portfolio of Russian aviation risks for which Notice of Cancellation (NOC) of cover has been...
Bridgestone reports ransomware attack at U.S. subsidiary
Bridgestone said third-party unauthorized access was made at Bridgestone Americas on Feb. 27, prompting it to shut down the computer network and production at its factories in North and Middle America for about a week An investigation later determined the incident to...
Bangladesh seeks $22.4 million after missile hits ship in Ukraine
The war risk cover was provided by Dhaka-based Sadharan Bima Corp. and reinsured through Lloyd's of London broker Tysers, a source at Sadharan Bima said Sadharan Bima's exposure was 10% with Tysers covering the remaining 90% Insurance premiums have soared by over 100%...
Russian crisis to worsen, save fuel by restricting use of cars: IEA
“By following a 10-step plan would reduce the price pain being felt by consumers around the world, lessen the economic damage, shrink Russia’s hydrocarbon revenues, and help move oil demand to a more sustainable pathway,” the Paris-based IEA said in a report. The...
India’s stray missile put dozens of passenger jets at risk
Several planes passed through the direct trajectory of the missile that day, which flew from the Indian garrison town of Ambala and ended up in Mian Channu in Eastern Pakistan. They included a Flydubai jet heading to Dubai from Sialkot, an IndiGo plane going from...
Canadian Pfizer partner sues to head off patent lawsuit over COVID-19 vaccine
The lawsuit is part of a growing web of patent disputes over COVID-19 vaccine technology. Arbutus sued Moderna over its mRNA technology last month, but has not yet sued Pfizer or Acuitas Pfizer and Moderna were hit with patent lawsuits on Thursday by Alnylam...
HSBC buys virtual plot of land in digital push
HDBC's venture into the virtual world comes as the British-based lender slashes its footprint in the real world, announcing on Tuesday it would cut a further 69 branches in Britain as its customers move online HSBC is the second global bank to invest in a popular...
COVID-19 pandemic is ‘far from over,’ says WHO
After more than a month of decline, COVID cases started to increase around the world last week, the WHO said, with lockdowns in Asia and China's Jilin province battling to contain an outbreak A combination of factors was causing the increases, including the highly...
Investor wealth rises Rs 19 trn as Sensex soars 5,000 pts in 8 sessions
The valuations of Indian markets having moderated, geopolitical tensions subsiding, and with more clarity on the timeline for policy rate hikes by the US Federal Reserve, the volatility in the markets is expected to abate, said brokerage house Samco Securities in a...
Ping An posts 29% profit drop on China property woes, but sees losses easing
The insurance group has been shaken in recent quarters by growing concerns about its investments in the highly indebted property sector, which has been hit by a string of developer defaults, credit rating downgrades and slump in shares and bonds SHANGHAI/HONG KONG:...
Aircraft insurers brace for deluge of Russia claims, with Lloyds on hot seat
The Financial Times reported Thursday that Lloyd’s of London is expecting a “significant but manageable overall loss” with a final bill between $1 billion to $4 billion after reinsurance pays out, citing a person familiar with the matter. The exchange didn’t respond...
Swiss Re announces new appointments in Asia and North America
Ivan Gonzalez has been appointed CEO Reinsurance China and China country president with effect from 1 July 2022 Katie McGrath will succeed Ivan as Regional CEO for Swiss Re Corporate Solutions in North America Russell Higginbotham, chief executive officer Reinsurance...
Reliance General Insurance to provide cover to One Moto India’s e-two wheelers
Electric two-wheeler maker One Moto India on Thursday said it has partnered with Reliance General Insurance to provide motor insurance to its customers. The company, which has launched three electric scooters -- Byka, Electa, and Commuta, said the partnership will...
Govt focuses on the five-fold strategy to prevent Covid resurgence
"I would also like to emphasize that there should be continued focus on the five-fold strategy, i.e., Test-Track-Treat-Vaccination and adherence to COVID Appropriate Behavior," said Union Health Secretary Rajesh Bhushan New Delhi: With the resurgence of COVID-19 cases...
Indian fintech payment firms have no data advantage over banks: Moody’s
According to Moody's Investors Service, the introduction of the Unified Payment Interface (UPI) in 2017, which allows funds to be transferred instantaneously, has been a key catalyst to the development of digital payments due to the ease of use of apps running on the...
Unfolding global developments poses risks to Indian economy, says RBI
Even though India is making steady progress on the domestic front, the spiralling oil and gas prices and unsettled financial market conditions also pose fresh headwinds to the still incomplete global recovery, it observed The RBI also said that a rapid and large...
China weighs exit from ‘zero COVID’ and the risks involved
Studies of Chinese vaccines suggest they offer significantly less protection against infection from omicron, even after three doses, than a booster shot from a Western vaccine using mRNA technology. A Chinese mRNA vaccine is still in trials One major reason China is...