Global Economy
Fire Tornadoes Becoming More Common in Australia, Thanks to Climate Change
Fire tornadoes are set to become a more common feature of the Australian landscape as climate change takes hold later this century. That's according to new research from the University of New South ...
Hamilton Insurance Places Acappella Syndicate Into Runoff
Hamilton Insurance Group Ltd. said it is placing Acappella Syndicate 2014 into runoff. Acappella is a third-party capital supported Lloyd's syndicate included in Hamilton's acquisition in August of ...
UK’s Aviva Decides to Keep China, Singapore Businesses After All
Aviva Plc, the U.K. insurer that's overhauling some businesses as part of its chief executive officer's turnaround plan, is to retain its Chinese joint venture as well as assets in its biggest ...
Daimler, Acknowledging Obstacles, Lowers Expectations for Self-Driving Robotaxis
Daimler has taken a "reality check" on self-driving "robotaxis," acknowledging that making them safe is proving harder than first thought amid questions over their future earnings potential. Chief ...
European Central Bank May Include Climate Change Risks in Future Bank Stress Tests
The European Central Bank is considering including climate-change risks in future European banking stress tests, ECB Vice President Luis De Guindos said on Thursday. Speaking at a BNP Paribas banking ...
Buffett’s Berkshire Hathaway Invests in Restoration Hardware
Warren Buffett's Berkshire Hathaway Inc on Thursday disclosed a new investment in RH, boosting shares of the luxury furniture and home furnishings chain once known as Restoration Hardware. Berkshire ...
U.S. Manufacturing Group Reportedly Hacked by China as Trade Talks Intensified
As trade talks between Washington and Beijing intensified earlier this year, suspected Chinese hackers broke into an industry group for U.S. manufacturers that has helped shape President Donald ...
Generali Takes on AXA With Debut of New Art Insurance Unit
Italian insurer Generali launched a new business Tuesday to cover art works, engaging as a poster boy the contemporary artist Maurizio Cattelan, whose gold-covered statue valued at 2.4 million euros ...