Finland and Lithuania Report Severed Undersea Data Cables November 19, 2024 By Leo Laikola, Kati Pohjanpalo and Milda Seputyte An undersea data cable connecting Finland and Germany was cut in the early hours of Monday by what was likely...
Spain’s Record-Breaking Floods Push Insured Losses Above €4 Billion ($4.2 Billion) November 18, 2024 Total insured losses from recent floods in Spain are expected to exceed €4 billion (US$4.2 billion), according to credit rating...
Shadow Banks to Face Reins on Leverage Following Watchdog Probe November 18, 2024 By Laura Noonan Global watchdogs will move to rein in leverage at non-banks early next year, the Financial Stability Board promised on Monday,...
Meta Fined €798 Million by EU Over Abusing Classified Ads Dominance November 18, 2024 By Samuel Stolton Meta Platforms Inc. was hit with a €798 million ($841 million) fine by European Union regulators by tying its Facebook...
Super Typhoon Man-yi Lashes Philippines’ Main Island November 18, 2024 By Andreo Calonzo Super Typhoon Man-yi battered parts of the Philippines with powerful winds and intense rains as it made its way across...
Markets/Coverages: BMS Offers Comprehensive Insurance Solution for Wine Producers November 18, 2024 BMS Group, the London-based independent specialist insurance and reinsurance broker, announced the launch of BMS Bacchus, a stock-throughput solution designed...
Swiss Re Execs Sleeping Well After $2.4 Billion Q3 Reserve Boost November 15, 2024 By Susanne Sclafane While a $2.4 billion boost in loss reserves for the third-quarter will help Swiss Re’s executives sleep better on a...
Tropical Storm Sara Menaces Honduras With Catastrophic Floods November 15, 2024 By Brian K. Sullivan Tropical Storm Sara has formed off the coast of Honduras, threatening to unleash catastrophic flooding and landslides across Central America....
Crisis-Era Regulation Has ‘Gone Too Far,’ Reeves Tells Finance Sector November 15, 2024 By Sinead Cruise Finance minister Rachel Reeves on Thursday promised a reboot of regulation governing Britain’s “crown jewel” financial industry which she said...
Brazilian Court Clears Vale, BHP and Samarco of Criminal Charges in 2015 Dam Collapse November 15, 2024 A Brazilian federal court ruled miners Vale, BHP Group and their joint venture Samarco are not criminally liable for the...