International News

Matthew Becomes Category 3 Hurricane in Central Caribbean Sea

Hurricane Matthew has strengthened into a Category 3 hurricane on the Saffir-Simpson Wind Scale while moving west- southwestward over the Caribbean Sea, the U.S. National Hurricane Center (NHC) said on Friday. Matthew was located about 495 miles (800 kilometers) southeast …

Argo Group Names AIG’s Hernandez to Lead International Business

Bermuda-based specialty insurer Argo Group International Holdings announced the appointment of Jose A. Hernandez to lead the company’s international business, which includes all insurance and reinsurance operations outside of the U.S. Hernandez joins Argo from American International Group where he …

European Union Nations Fast-Track Approval of Paris Climate Agreement

European Union nations agreed to a fast-track ratification by the 28-member bloc of the Paris climate agreement, a step that could enable the most sweeping accord to combat global warming to come into force next month. The European Parliament, whose consent …

Japanese Creditors Oppose Takata Seeking Bankruptcy Protection

All five bidders seeking to bail out Japan’s beleaguered Takata Corp. have presented restructuring plans that require the air bag maker to file for bankruptcy protection, people with knowledge of the process told Reuters. But some Japanese creditors have opposed …

European Food Safety Agency to Release Data on Weedkiller Roundup

Europe’s food safety watchdog will release data from some of the scientific studies it reviewed in its assessment of glyphosate, an ingredient in Monsanto’s widely used herbicide Roundup and subject of a fierce row over possible cancer risk. The European …

Saudi Arabia Greets 9/11 Lawsuit Bill with Public Silence, Private Bristling

A U.S. law allowing lawsuits against Saudi Arabia over the Sept. 11 attacks met a stony silence from Riyadh on Thursday but some Saudis bristled, saying the kingdom should curb business and security ties in response. The Senate and House …

Typhoon Meranti Insured Losses in China Could Top $1 Billion: AIR Worldwide

Insured losses on mainland China from September’s Typhoon Meranti are expected to fall between $650 million (CNY 4.3 billion) and $1.15 billion (CNY 7.7 billion). According to catastrophe modeling firm AIR Worldwide, the wide range in its modeled insured losses reflects uncertainty in the …

China State-Owned Firm Managers Held Personally Liable for Bad M&A Deals

Business development managers at Chinese state-owned firms have been put on notice: mess up on M&A deals and you can be held personally liable – for life. Under new rules unveiled by China’s State Council, or cabinet, last month, managers …

Sit Down for This One: Self-Driving Chair Takes Stress Out of Waiting in Line

Japanese car maker Nissan has designed a self-driving chair for those who can’t stand standing in line waiting to get into their favorite restaurant, concert, motor vehicle office or other popular venue. The autonomous chair automatically advances as the line …

Deutsche Bank Sells Insurance Unit to Britain’s Phoenix Group

Deutsche Bank AG has sold its British insurance business Abbey Life to Phoenix Group Holdings as it sheds non-core assets and reduces its balance sheet in an effort to reassure anxious investors and meet regulators’ demands. Phoenix, Britain’s largest owner …

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