International
Global Power Grids Face Biggest Test in Decades; Summer Blackouts Expected
Global power grids are about to face their biggest test in decades, with electricity generation strangled in the world's largest economies. War. Drought. Production shortages. Historically low ...
Japan Approves Plan to Release Wastewater From Fukushima Nuclear Power Plant
Japan's nuclear regulator has approved plans by the operator of the wrecked Fukushima nuclear plant to release its treated radioactive wastewater into the sea next year, saying the outlined methods ...
Pollution Kills 9 Million People a Year, Mostly in Poorer Nations
Premature deaths from common pollution sources have risen by two-thirds globally since 2000, a dark consequence of the economic development that has lifted millions from extreme poverty this century. ...
Zurich Insurance to Sell Russian Business to Local Team
Zurich Insurance has agreed to sell its Russian business to members of the local team, it said on Friday, as the Swiss insurer became the latest Western firm to exit Russia. It joins a list of ...
Global Supply Stress Worsened in April, NY Fed’s Index Shows
Stress on global supply chains worsened in April as coronavirus lockdown measures in China and the war in Ukraine lengthened delivery times and air freight costs between the United States and Asia ...
Rise of Remote Work to Define Future of City of London
More than 85 percent of UK finance workers no longer view the office as their main place of work, highlighting the challenge the industry faces if it tries to persuade bankers to return to ...
Natural Disasters, Ukraine War Weigh on Q1 Results of Europe’s Major Reinsurers
Three out of four of the major European reinsurers reported their profits were negatively affected as a result of elevated natural catastrophe claims and a first round of claims reserves from the ...
Climate Change Is Hurting Insurance Industry: Report
Climate change is hurting the insurance industry, and only 8 percent of insurers are preparing adequately for its impact, consultants Capgemini and financial industry body Efma said in a report on ...