Global Economy
Cyber Attack Targets easyJet, Netting Personal Details for 9 Million Customers
A cyber attack on British airline easyJet accessed the email and travel details of around nine million customers, as well as the credit card details of more than 2,000 of them, it said on Tuesday. ...
Sony Will Take Full Control of Listed Financial Arm for $3.7B
Sony Corp said on Tuesday it will turn its listed financial arm, Sony Financial Holdings Inc, into a wholly owned unit through a tender offer worth about 400 billion yen ($3.72 billion). The deal ...
Ethiopian Airlines Expects Boeing 738 MAX Compensation Agreement by June 30
Ethiopian Airlines expects a settlement with planemaker Boeing by end of June over compensation related to the 737 MAX grounding in March 2019 following two fatal crashes, CEO Tewolde Gebremariam ...
COVID-19 Will Make Reinsurers Lose More Money in 2020: S&P
Reinsurers globally will lose money in 2020, a reality Standard & Poor's said COVID-19-related losses stand to make worse. What's more, the level of red ink could worsen substantially depending ...
A.M. Best Says Stress Tests Show Most Insurers Can Handle Balance Sheet Pandemic Hit
Analysts at the AM Best ratings firm say their initial stress tests of insurance companies globally to gauge the preliminary impact from the COVID-19 pandemic on their financial strength found good ...
Google Reportedly Likely to Face Antitrust Suits From U.S. State Attorneys General
A group of state attorneys general led by Texas are likely to file an antitrust lawsuit against Alphabet Inc's Google and are working on potential litigation for later this year, a person familiar ...
U.S. Employers Veer Away From Coronavirus ‘Immunity Tests’ as They Prepare to Reopen
U.S. employers have cooled to the idea of testing workers for possible immunity to the coronavirus as they prepare to reopen factories and other workplaces. Blood tests that check for antibodies to ...
For Third Point Re, COVID-19 Hurts, but Underwriting Profit Reached for First Time
Third Point Re reported a net loss of $183.6 million for the first quarter of 2020 due to COVID-19-related investment volatility – but the company still had big reasons to celebrate. For the first ...