UK’s StanChart to Cut Over 7,000 Jobs, Boost AI to Replace ‘Lower-Value Human Capital’ May 19, 2026 By Selena Li Standard Chartered will eliminate more than 7,000 jobs over the next four years as it seeks to replace “lower-value human...
Business Moves: Vienna Insurance Purchases Nuernberger; Liberty Mutual Raises Stake in India Unit; Aon’s NFP Buys Irish Private Wealth Specialist; Gallagher Buys UK Law Firm May 18, 2026 During this month, two insurers and two brokers have announced acquisitions in India and Europe. Details of these deals follow....
Iran Starts Bitcoin-Backed Shipping Insurance for Hormuz Strait May 18, 2026 By Golnar Motevalli Iran has started a Bitcoin-backed insurance service for Iranian shipping companies that want to transit the Strait of Hormuz, the...
Ebola’s Silent Spread in Congo Exposes Surveillance Gaps May 18, 2026 By Jason Gale, Michael J. Kavanagh and Janice Kew A rare Ebola outbreak that may have circulated undetected in northeastern Congo for several weeks is exposing the difficulty of...
Iran War Saddles Global Companies With $25 Billion Bill – and Counting May 18, 2026 By Medha Singh, Deborah Mary Sophia and Bernadette Hogg The U.S.-Israeli war with Iran has already cost companies around the world at least $25 billion – and the bill...
EY Pays Over £100 Million to Settle NMC Health Legal Claim May 18, 2026 By James Booth EY UK has paid more than £100 million ($133 million) to the administrators of NMC Health Plc to settle claims...
Evergrande Liquidators Seek $8.4 Billion From PwC International in Hong Kong Court May 18, 2026 By Trista Xinyi Luo, Pearl Liu and Venus Feng China Evergrande’s liquidators are seeking 57 billion yuan ($8.4 billion) in their lawsuit against PricewaterhouseCoopers International Ltd. and its mainland...
UK Firms Should Take Steps to Limit Risks From Frontier AI Models, UK Says May 18, 2026 British companies should take steps to plan for and mitigate risks from new artificial intelligence models, the country’s finance ministry,...
Update: Disaster Resilience Investment Has Hit $100 Billion in Asia May 18, 2026 By Ishika Mookerjee Governments, investors and banks have poured about $100 billion into efforts to handle the effects of climate change in Asia...
Oil Tankers Transiting Strait of Hormuz Since Start of Iran War May 15, 2026 By Ruth Chai and Florence Tan The U.S. has maintained a blockade of Iranian ports, while Iran lifted and then reimposed its own blockade on marine...