Global Economy
Hamilton Completes Acquisition of Liberty Mutual’s Pembroke Managing Agency, Ironshore Europe DAC
Hamilton Insurance Group said it has completed its acquisition of Liberty Mutual's Pembroke Managing Agency at Lloyd's and its Ironshore Europe DAC business. The acquisition, first announced in ...
Britain’s RSA Insurance Pursues New Bond Despite Being ‘Well Insulated’ From Brexit
RSA Insurance Group Plc is issuing sterling debt well ahead of an October 31 Brexit deadline, even though the U.K. insurer will likely fare better in a disorderly exit than many of its ...
Revamp of Volcker Rule Eases Restriction on Banks Making Speculative Investments
Wall Street watchdogs rolled out a long-anticipated overhaul of the Volcker Rule that eases its controversial restriction on banks making speculative investments, wrapping up a top de-regulatory goal ...
EU Rejects UK PM Johnson’s Bid to Reopen Brexit Divorce Deal
Prime Minister Boris Johnson's demand that the European Union reopen the Brexit divorce deal was rebuffed on Tuesday by the bloc, which said Britain had failed to propose any realistic alternative to ...
Slowing the Pace of Climate Change Will Help Economic Growth: Study
Slowing the pace of climate change in line with the Paris Agreement has clear economic benefits as global warming is increasingly seen as a risk to financial stability and the economy. Abiding by the ...
Apple Copyright Infringement Suit Seeks to Shut Down Correllium’s ‘Perfect’ iPhone Replicas
Apple Inc. accused upstart Corellium LLC of illegally selling virtual copies of the iPhone and iPad operating systems under the guise of helping discover security flaws. In a copyright-infringement ...
Only 42 Percent of H1 Global Economic Losses Were Covered by Insurance: Swiss Re
Natural catastrophes and man-made disasters in the first half of 2019 were responsible for $44 billion of economic losses globally, according to Swiss Re Institute's preliminary sigma estimates. This ...
Facebook Users Reportedly Not Told Contractors Transcribe Audio Clips
Facebook Inc. this week confirmed that it ran a program to allow contractors to listen to and transcribe some users' audio clips. The social network said that the only people who were affected were ...