Ransomware Hackers Stole More Than $1 Billion in 2023 February 7, 2024 By Sana Pashankar Ransomware gangs stole more than $1 billion in 2023, the largest amount ever recorded, according to a report published Wednesday...
Swiss Re, Others, Drop Call for Moscow Aviation Dispute Hearing February 7, 2024 By Carolyn Cohn and Kirstin Ridley Swiss Re is among a growing list of reinsurers to drop its demand that a near $10 billion battle with...
Chinese Ships Get Cheaper Insurance to Navigate Red Sea February 7, 2024 By Alex Longley and Áine Quinn Chinese-owned merchant ships are getting hefty discounts on their insurance when sailing through the Red Sea, another sign of how...
Sweden Scraps Probe Into Nord Stream Gas Pipeline Blasts February 7, 2024 By Niclas Rolander The sabotage of two undersea gas pipelines in 2022 remains a mystery as Sweden ended a probe without reaching any...
EU Agreement on ESG Ratings Seen as World’s Toughest February 7, 2024 By Frances Schwartzkopff A provisional agreement in the European Union setting guardrails around the ESG [environmental, social, and governance] ratings industry is being...
EU Agrees to Path to Compete in Clean Tech Production February 7, 2024 By Philip Blenkinsop European Union policymakers agreed new rules on Tuesday to promote local production of equipment for solar and wind power, fuel...
Germany Hit by Strikes as Workers Demand Better Pay and Conditions February 6, 2024 Germany has been hit by a series of strikes since the start of 2024 as unions press for higher wages...
EU Recommends Ambitious 2040 Climate Target, Goes Light on Farming February 6, 2024 By Kate Abnett The European Commission recommended on Tuesday that the EU slash net greenhouse gas emissions by 90% by 2040, an ambitious...
EU Cautions Against Trade Measures to Support Solar Sector February 6, 2024 By Philip Blenkinsop The European Union needs to take into account its ambitious targets for solar power deployment before it considers any measures...
Lex Greensill’s Fraud Means Zurich Can’t Payout $400 Million, Insurer Argues February 6, 2024 By Upmanyu Trivedi Lex Greensill’s fraud and “conspiracy” with commodities tycoon Sanjeev Gupta should prevent the financier’s collapsed bank from making a $400...