Japan’s Big Non-Life Insurers Plan to Sell Cross Shareholdings May 20, 2025 By Nao Sano Japan’s three major casualty insurers plan to sell a total of about ¥1.37 trillion ($9.5 billion) of cross-held shares in...
Italy’s Data Watchdog Fines AI Company Replika’s Developer $5.6 Million May 20, 2025 Italy’s data protection agency has fined the developer of artificial intelligence (AI) chatbot company Replika 5 million euros ($5.64 million)...
EY Negligently Missed Huge Fraud at Collapsed Hospital Operator, $3B UK Trial Hears May 20, 2025 By Sam Tobin EY failed to spot a major fraud by main shareholders of UAE hospital operator NMC Health in what lawyers for...
EU Will Propose to G7 Nations a Reduction in Sanctions Price Cap for Russian Oil May 20, 2025 By Jan Strupczewski The EU will propose to G7 finance ministers this week to lower the current $60 per barrel price cap on...
Motion Specialty Launches Lloyd’s MGU, Founded by Former Hiscox Executives May 20, 2025 Motion Specialty has been approved as a Lloyd’s of London coverholder, founded by former Hiscox executives Dan Alpay and Alex...
M&S’ Slow Recovery From Cyberattack Puts it at Risk of Lasting Damage May 19, 2025 By James Davey and Sarah Young A month after a costly cyberattack on one of Britain’s best known retailers, Marks & Spencer has yet to restore...
UK Legal Aid Hack Includes ‘Significant Amount’ of Personal Data May 19, 2025 By Ryan Gallagher Hackers have stolen a “significant amount of personal data” from people who received legal aid across England and Wales, the...
EnergyAustralia Apologizes to Customers After Greenwashing Case May 19, 2025 By Keira Wright CLP Holdings Ltd.’s EnergyAustralia — one of the nation’s “big three” energy companies — apologized to customers for the marketing...
UK’s Anglian Water Fined £1.4 Million Over Drinking Water Failures May 19, 2025 Britain’s Anglian Water was fined 1.4 million pounds ($1.9 million) over drinking water contamination, in the latest scandal in an...
Crypto High-Rollers Go Big on Bodyguards to Deter Kidnappers May 19, 2025 By Emily Nicolle Even before Coinbase Global Inc. disclosed that hackers had stolen the home addresses and account balances of its customers, Jethro...