Banks’ Exposure to Heat-Related Losses Faces Scrutiny in EU July 7, 2026 By Frances Schwartzkopff Europe’s bank watchdog will look at how exposed lenders are to heat-related risks, as temperature records keep getting broken. The...
CFC Names Former Direct Line Exec Winslow as Group CEO, Succeeding O’Shea July 7, 2026 CFC, the London-based specialist MGA, announced the appointment of Adam Winslow as group chief executive officer. The current Group CEO...
Qatari LNG Ship Struck in Strait of Hormuz, Testing US Talks July 7, 2026 By Weilun Soon, Stephen Stapczynski and Salma El Wardany A Qatari liquefied natural gas carrier was hit and a laden Saudi oil tanker suffered damage as they exited the...
Financial Services’ AI Dangers Highlighted by UK Regulator’s Review July 7, 2026 By Phoebe Seers Britain’s financial regulator has been urged to consider regulation of large language models such as ChatGPT, Claude and Gemini because...
Flood Risk Doesn’t Matter as Bargain Houses Tempt NZ Buyers July 7, 2026 By Ainsley Thomson New Zealand’s flood-prone homes are outperforming the rest of the country’s moribund housing market, as buyers chase lower prices and...
Allstate’s SquareTrade Europe Launches Licensed Insurer Headquartered in Brussels July 6, 2026 SquareTrade Europe, an Allstate company, has launched a new licensed insurer, SquareTrade Europe Insurance, headquartered in Brussels. SquareTrade said the...
Insurers Avoid €580 Million Hit From Nord Stream Pipeline Blasts July 6, 2026 By Lucca de Paoli The insurers of the Nord Stream pipelines don’t have to pay €580 million ($662 million) after a judge ruled that...
Europe Faces Weeks of Extreme Heat as Fire and Power Risks Build July 6, 2026 By Joe Wertz, Eva Brendel and Nayla Razzouk Western Europe is bracing for the summer’s third major heat wave, fueling dangerous wildfire conditions and straining power systems across...
Japan-Linked Ships Escaping Hormuz in Convoy Through Iran Route July 6, 2026 By Alex Longley, Yusuke Maekawa and Stephen Stapczynski At least eight ships controlled by Japan’s Mitsui OSK Lines Ltd. are heading out of the Strait of Hormuz using...
Google Loses Fight Against Record €4.1 Billion EU Antitrust Fine July 6, 2026 By Foo Yun Chee and Sudip Kar-Gupta Alphabet’s Google on Thursday lost its long-running fight against a record EU antitrust fine for using its Android mobile operating...