Global Economy
Allianz Predicts Record Profit for 2021, Will Set Aside Money for U.S. Fund Investigation
Allianz nudged its forecast for record profit in 2021 even higher on Wednesday after a bumper third quarter while it tries to work out how much money it may need to set aside for a U.S. investigation ...
Amazon Reportedly Trying to Settle Two EU Antitrust Investigations
Amazon is seeking to settle two EU antitrust investigations to stave off potential hefty fines and orders to change its business practices, people familiar with the matter said. The European ...
Europol Has Arrested Five Hackers Linked to Ransomware Gang REvil Since February
Five hackers linked to ransomware group REvil and responsible for thousands of cyberattacks have been arrested since February, European Union's law enforcement agency Europol said on Monday. The ...
U.S. Welcomes First International Travelers as COVID-19 Travel Curbs Are Lifted
Packed intercontinental flights touched down and people embraced relatives at land borders on Monday after the United States lifted restrictions imposed on travelers from much of the world when the ...
Allianz Will Help Back $577M Public-Private Climate Fund
GLASGOW – The European Investment Bank and Allianz Global Investors said on Monday they plan to raise 500 million euros ($577.55 million) for a fund aimed at bolstering climate mitigation and ...
Facebook Warned It Faces Criminal Prosecution in UK for Failing to Keep Users Safe
UK Culture Secretary Nadine Dorries warned Facebook Inc. and its chiefs are on course for criminal prosecution for failing to reign in the harmful effects of its platform. "Why would we give them two ...
Berkshire Hathaway’s Insurance Division Generated a $784 Million Q3 Net Underwriting Loss
Berkshire Hathaway's insurance division booked a combined $784 million net underwriting loss during the 2020 third quarter as it faced, in part, fallout from Hurricane Ida and more vehicle crashes. ...
AIG Europe Head Predicts Slower Rate Hikes in 2022
Insurance premium rates are likely to continue to climb in Europe, the Middle East and Africa in 2022, but probably at a slower clip, the chief executive of AIG Europe said at the Reuters Future of ...