Rethink Needed on How to Regulate Big Tech in Finance Services: BIS Official February 8, 2023 By Huw Jones A rethink is needed on how to directly regulate activities of Big Tech companies in financial services, given their size...
Americanas’ $4B Accounting Scandal Puts More Scrutiny on PwC’s Auditing Record February 8, 2023 By VinÃcius Andrade, Barbara Nascimento and Amanda Iacone A $4 billion accounting shortfall would typically raise alarm bells for an auditor. Somehow, a PricewaterhouseCoopers LLP affiliate didn’t catch...
UK’s Royal Mail Faces Threat From Ransomware Group LockBit February 8, 2023 UK’s Royal Mail is facing a threat from ransomware group LockBit, according to information published on a website, at a...
Quake Latest: Turkey Declares Emergency Rule; Death Toll Rises Across Turkey, Syria February 8, 2023 By Bloomberg News Turkey declared a three-month state of emergency in areas struck by two massive earthquakes earlier this week, allowing the government...
Zurich Insurance Leads Series B Fundraise for Cyber Insurtech BOXX Insurance February 7, 2023 BOXX Insurance, the Toronto-headquartered insurtech that combines cyber insurance and security, announced a US$14.4 million Series B funding round, led...
People Moves: Howden Tiger Taps Carpenter’s Smith, Aon’s Walsh for Casualty; Aon Promotes Alcott to UK Chief Commercial Officer; Miller Hires Keeping as Head of P/C February 7, 2023 This edition of International People Moves details appointments at the brokers Howden Tiger, Aon and Miller. A summary of these...
Hundreds of Shipping Containers Ablaze at Turkey’s Iskenderun Port; Operations Halted February 7, 2023 Hundreds of shipping containers were ablaze at Turkey’s Iskenderun Port on Tuesday, shutting down operations and forcing freight liners to...
Moody’s Downgrades SCOR’s Rating to A1 From Aa3 on Weakening Profits February 7, 2023 Moody’s Investors Service downgraded the Insurance Financial Strength Rating (IFSR) of SCOR SE and its key operating entities to A1...
Nepal Plane Crash Probe Shows Both Engines Lost Power: News Report February 7, 2023 By Angus Whitley A Yeti Airlines plane that crashed in Nepal last month had no engine power during its final moments, the Hindustan...
U.S. Firms in Taiwan Making Business Continuity Plans Amid Tensions With China February 7, 2023 Almost half of companies surveyed by the American Chamber of Commerce (AmCham) in Taiwan are revising or plan to revise...