Aon to Buy Middle-Market Broker NFP for $13.4 Billion December 20, 2023 By Chad Hemenway and L.S. Howard Aon plc this morning said it has a $13.4 billion deal in place to purchase broker NFP to expand its...
Toyota’s Daihatsu Unit to Halt All Vehicle Shipments, in Widening Safety Scandal December 20, 2023 By Daniel Leussink Toyota Motor’s Daihatsu unit will halt shipments of all of its vehicles, Japan’s biggest automaker said on Wednesday, after a...
Artificial Intelligence Can’t Be Named as Inventor for Patents: UK Top Court December 20, 2023 By Upmanyu Trivedi Artificial intelligence programs can’t be named as an inventor for patents, the UK’s top court said in a crucial ruling...
Shipping Insurance for Red Sea Transit Soars After Mounting Houthi Attacks December 20, 2023 By Alex Longley, Ruth Liao and Yongchang Chin The cost of insuring vessels that will transit the Red Sea jumped again this week after mounting attacks in the...
Banks, Insurers Temporarily Dodge Full Impact of EU’s Harshest ESG Law to Date December 19, 2023 By Frances Schwartzkopff The finance industry will be shielded from the full scope of the European Union’s most consequential piece of ESG legislation...
Magnitude 6.2 Quake Kills More Than 100 in China’s Northwest December 19, 2023 By Bloomberg News Chinese leader Xi Jinping called for efforts to minimize casualties after an impoverished region in the northwest was hit by...
Climate Activists, Greenpeace and Uplift, Sue UK Over Rosebank Oil Field December 19, 2023 By Laura Hurst Greenpeace UK and climate campaigner Uplift filed separate legal challenges in Scotland seeking to rescind government approval for the Rosebank...
Shadow-Fleet Oil Tanker Insurer Gets Shut Down by Marshall Islands December 19, 2023 By Alaric Nightingale A company that offers insurance to the burgeoning shadow fleet of oil tankers — including one that ran aground off...
Red Sea Merchant Shipping Starts to Grind to a Halt as Houthis Step Up Attacks December 19, 2023 By Rachel Graham, Brendan Murray and Alex Longley Shipping in the Red Sea is grinding to a halt with oil tankers idling and container vessels rerouting around Africa...
Lloyd’s Adds Guyana to Risky Shipping List Amid Escalating Dispute With Venezuela December 19, 2023 By Kevin Crowley and Alex Longley One of the world’s most-influential insurance markets added Guyana to its list of the riskiest shipping zones amid an escalating...