Global Economy
German InsurTech Wefox, Survivor of Tussle With Lemonade, Nears Massive Financing
Wefox, one of Europe's fastest-growing insurance technology firms, is close to settling on a new "triple-digit million" euro funding round, with Softbank's Vision Fund among the suitors, three ...
Chubb Will Cover Uber Drivers in South Africa
Uber Technologies Inc. is partnering with security and insurance company Chubb Ltd. to cover its South African drivers in case of death or injury as violent attacks plague the country's cities. The ...
Lloyd’s of London Is Pursuing a Strategic Review of Its Entire Operations
Lloyd's of London is reviewing all aspects of its business, including its centuries-old structure, to ensure it is cost-competitive and responsive to both clients and members, especially after ...
Oracle, SAP Business Software Increasingly Targeted by Hackers: Study
At least a dozen companies and government agencies have been targeted and thousands more are exposed to data breaches by hackers exploiting old security flaws in management software, two cyber ...
Chubb Advances Post-Brexit Plans for France EU HQ
Chubb European Group announced it has achieved an important regulatory step in its Brexit preparations to redomicile its businesses to France. This provides Chubb's customers "with continuous, ...
Extreme Weather, Record Temperatures Drag on in Europe and Asia
Extreme weather that's gripping northern Europe and parts of Asia may persist through early August, prolonging a deadly heatwave that's parched crops and sparked devastating forest fires. ...
Favoring Employees Who ‘Kiss Up’ to the Boss Can Have Negative Consequences
Executives might want to think twice about how they favor employees who "kiss up" to the boss at work to boost their careers. A new Oregon State University study says employees who rely on the ...
Brexit Won’t Hurt UK Financial Jobs That Much, Bank of England Argues
Fewer than 5,000 financial jobs might move out of Britain by "Day One" of Brexit and future relocations will depend on new trading terms with the European Union, Bank of England Deputy Governor Sam ...