Russia corporate bankruptcies soaring as sanctions starting to bite
Russian businesses are facing increasing financial distress with a record increase in the number of companies going bankrupt at the...
Read more
Trending in World
Africa
Lloyd’s opens new Morocco office in Casablanca Financial City
Lloyd’s of London, the world’s oldest insurance market, is expanding its African footprint with a new office in Casablanca, Morocco....
Fairfax acquires Zurich’s South Africa and Botswana insurance operations
Fairfax Financial Holdings recently announced that it has entered into an agreement with Zurich Insurance Company to acquire 100% of...
Silicosis class action lawsuit – Claimants win first round
In the first round of a class action lawsuit, which has garnered a lot of international publicity, silicosis claimants had...
Asia & Pacific
Toshiba initiates talks with 10 potential buyout investors
Toshiba, Japanese industrial conglomerate, is holding discussions with potential investors after receiving interests from 10 strategic partners and sponsors. In...
Bowtie raises $30m after securing Hong Kong’s first online-only insurer license
Hong Kong-based digital insurance start-up Bowtie has raised $30 million in its Series A funding round, led by Canadian insurance...
Greed-driven misconduct exposes Australia’s banking sector
Australia’s banking sector shocked the world with blatant misconduct which highlighted selfish means for short-term financial gain. The intervention by...
Most Read
Europe
Russia corporate bankruptcies soaring as sanctions starting to bite
Russian businesses are facing increasing financial distress with a record increase in the number of companies going bankrupt at the...
Amazon wins €250M tax fight with the EU
US ecommerce giant Amazon doesn’t have to pay a €250 million euros (roughly $270 million) penalty in back taxes after...
Italy judge seizes $835M from Airbnb in tax probe
Italy’s financial police on Monday seized more than $835 million from accommodation-sharing service Airbnb for alleged tax evasion, according to...
Editor Picks
Middle East
Dubai-based Yallacompare raises $8m for MENA expansion
Dubai-based financial comparison platform Yallacompare has raised $8 million in its latest round of funding, led by venture capital firm...
Iran considering Insurance-Linked Securities market for reinsurance
Iran is considering the development of new financial products, including insurance-linked securities and Islamic bonds, to alleviate the US sanctions...
Turkey’s debt rating hit on concerns over hard landing risks
Turkey’s recent debt rating cuts are stoking fears of the potential for a hard landing due to a depreciating lira,...
Latin America
Five risks from Brazil’s newly-elected president Jair Bolsonaro
Brazil’s newly elected President Jair Bolsonaro is proposing radical policies that could destabilize his nation and South America. Observers fear...
Venezuela defying the odds with new cryptocurrency, El Petro
Nicolas Maduro has advised government workers to invest in the newly created cryptocurrency, El Petro. The Venezuela president made the...
Rising US Dollar puts Latin American economies at risk
The rising US dollar is increasing the risk of a serious global economic crisis. The dollar’s rise has triggered economic...
Insurer Travelers grows Q4 profits on underwriting gains and lower cat losses.
In a strong finish to the year, Travelers Companies announces a significant increase in fourth-quarter profit on Friday, sending its...
Binance falls, pays $4.3B fines over failures to prevent money laundering
The world’s largest cryptocurrency exchange, Binance.com, has pleaded guilty to multiple federal charges and has agreed to pay over $4...
Cisco buys cybersecurity Splunk for $28 billion in cash
Cisco Systems is set to buy cybersecurity firm Splunk in a deal worth $28 billion, the company said Thursday. This...
