International & Reinsurance News

Telegram CEO Held Over Alleged Failure to Stop Crime on App

Pavel Durov, the chief executive officer of Telegram, has been detained in France over claims that the messaging service failed to properly fight crime on the app, including the spread of child sexual abuse material. The 39-year-old Russian-born billionaire was …

Uber Hit by Record $324 Million Fine for Data Transfers to US

Uber Technologies Inc. was hit by a record €290 million ($324 million) fine by the Dutch privacy watchdog for failing to abide by European protection standards when it shipped swathes of sensitive data about its drivers to the US. The …

What Policies Have Worked to Fight Climate Change? Answer: When the Polluter Pays.

To figure out what really works when nations try to fight climate change, researchers looked at 1,500 ways countries have tried to curb heat-trapping gases. Their answer: Not many have done the job. And success often means someone has to …

Fires Burn on Houthi-Hit Oil Tanker but No Spill Yet, EU Says

Fires were burning around the oil tanks of a ship that was attacked by Houthi militants in the Red Sea, but there were no signs of a spill so far, the European Union naval force in the region said. Flames …

Australians Can Now Legally Ignore Work Calls, Emails After Hours

Australians can now legally ignore unreasonable after-hours work calls and emails under new government legislation that came into effect on Monday, drawing criticism from business groups. Under the laws, employers face fines of up to A$93,000 ($63,000) for getting in …

Captain of Sunken Superyacht Placed Under Investigation

Italian prosecutors have placed under investigation the captain of the superyacht that sank off Sicily last week in a storm, killing British tech magnate Mike Lynch and six other people, one of the captain’s lawyers said on Monday. James Cutfield, …

Australian Homeowners Struggling to Afford Insurance as Climate Risks Grow: Report

Home insurance is becoming unaffordable for a growing number of Australian households as increased climate threats drive up their premiums, potentially putting billions of dollars in mortgage loans at risk, a report said on Monday. As of March 2024, 15% …

Stora Suspends Forest Harvesting After Thousands of Mussels Die

Finnish forestry company Stora Enso Oyj suspended some logging activities after thousands of endangered freshwater pearl mussels died at one of its sites. Harvesting was stopped in all areas across Finland that fall under environment-law restrictions, according to a statement …

Typhoon Shanshan Headed for Japan Threatens Transport Links

Typhoon Shanshan is expected to approach Japan’s southern island of Kyushu on Tuesday or Wednesday, with railway operators warning of service disruptions and an airline canceling flights. The storm is packing maximum sustained winds near its center of 65 knots …

Fires Spotted on Red Sea Tanker Drifting With Oil on Board

The UK Navy said that three fires have been observed on a ship attacked in the Red Sea earlier this week. The Sounion’s crew were evacuated from the ship in the past few days after the vessel was struck by …

International & Reinsurance News Archives by Month