Former VW Executives Ordered to Testify in Investor Lawsuit July 11, 2023 By Karin Matussek A German court will call former Volkswagen AG executives as witnesses in a €9 billion ($9.8 billion) investor lawsuit over...
What’s Next for Ant Group After its Nearly $1B Fine? July 11, 2023 The announcement of a nearly $1 billion fine by Chinese regulators on Ant Group has drawn a line under the...
UK Pension Funds Back Next Phase of Post-Brexit Shakeup in City of London July 11, 2023 By Huw Jones Aviva, Legal & General and seven other pension firms intend to invest 50 billion pounds ($64 billion) in unlisted companies...
Insurance Claims From French Riots Rise to $716 Million July 11, 2023 By Benoit Berthelot Some 11,300 claims for damages from riots in France had been filed as of July 7 for a total cost...
Russia-Linked Oil Tanker Fleet Vanishes Even Faster Than It Grew July 11, 2023 By Julian Lee and Alex Longley A fleet of tankers that sprouted up out of nowhere to keep Russia’s oil moving has disbanded even faster than...
Allianz Replaces UnipolSAI in UniCredit’s Insurance Venture Incontra July 10, 2023 UniCredit said on Friday it was ending a non-life insurance venture with UnipolSAI as it strengthened its relationship with Germany’s...
EU Probes Novo Nordisk Drugs After Reports of Suicidal Thoughts July 10, 2023 The European Medicines Agency (EMA) is probing Novo Nordisk’s diabetes drug Ozempic and weight-loss treatment Saxenda after Iceland’s health regulator...
Suncor Reports Data Breach Affected Petro-Points Members’ Basic Contact Data July 10, 2023 Canadian energy firm Suncor Energy on Thursday [July 6] said that due to a cyber security incident on June 21,...
ECB Cyber Stress Test Won’t Deliver Direct Capital Hit to Banks July 10, 2023 By Steven Arons and Nicholas Comfort The European Central Bank’s cybersecurity stress test next year won’t have a direct impact on capital requirements, limiting the exercise’s...
Aviation Lessors Fight to Stop Insurance Dispute Hearings in Russia July 10, 2023 More than 40 aviation leasing firms, locked in a battle with insurers over who should bear up to $10 billion...