Heatwaves Could Cost France €10 Billion-€15 Billion, Environment Minister Says August 12, 2026 The heatwaves that have hit France in recent months could result in €10 billion to €15 billion ($17 billion) in...
Putin Threatens Retaliation Over EU Moves to Seize Russian Ships August 12, 2026 By Bloomberg News Russian President Vladimir Putin threatened to retaliate against any European Union moves to seize his country’s commercial ships, calling such...
Viewpoint: Is it Time to Rethink the ‘Secondary-Peril’ Label and Reclassify Risk? August 12, 2026 By Vikas Wadhera As climate events intensify, exposure is expanding, and loss severities from secondary perils, such as convective storms, wildfires, floods and...
HSBC Global Insurance Business Head Moncreiffe to Leave, Sources Say August 12, 2026 By Selena Li and Sumeet Chatterjee HSBC’s global chief executive for insurance business, Edward Moncreiffe, is set to leave the bank after two decades with the...
AI’s Volatile Power Demand Is Damaging Its Own Data Centers August 12, 2026 By Naureen S. Malik Rapid swings in AI data centers’ power demands are straining vital equipment, causing batteries, generators and cooling systems to malfunction...
Rhine River Shipping Stalls as Water Level Hits Record Low August 12, 2026 By Eamon Akil Farhat, Rachel Graham and Sasha Draeger-Mazer Water levels on the Rhine river are dwindling further, with no relief in sight, forcing companies that rely on the...
German Drivers Accelerate Switch to EVs Due to Middle East War August 12, 2026 By Sasha Draeger-Mazer More German drivers than ever are switching to electric vehicles due to the jump in fuel prices triggered by the...
Four Crew, Two Rescuers Killed in Red Sea Attack; US Strikes Ship in Gulf of Oman August 11, 2026 By Mohammed Ghobari, Jonathan Saul, Nayera Abdallah and Yasmine Ghania Four crew members were killed in an attack by Iran-backed Houthis on a cargo ship in the Bab el-Mandeb strait...
Typhoon Season Forecast to Be Among Most Intense Ever for Asia August 11, 2026 By Mary Hui The current typhoon season in the Northwest Pacific Ocean is shaping up to be one of the most intense on...
‘Chronic’ Heat Risk in Europe Draws Warning From Swiss Re August 11, 2026 By Gautam Naik As Europe comes to grips with its fifth heat wave of the year, the research arm of Swiss Re AG...