News
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LSM launches UK HNW offering with Chubb's Faerestrand
By Navneeta NandanJuly 10 - (The Insurer) - Liberty Specialty Markets (LSM) has expanded its fine art and specie offering in the UK by entering the high-net-worth (HNW) market, led by new hire Benjamin Faerestrand.Faerestrand, whose appointment is effective immediately, will be based in London and r...Reuters
Thu, Jul 10
IICF continues social mobility focus amid DEI shift
By Rebecca DelaneyJuly 10 - (The Insurer) - As the UK arm of the Insurance Industry Charitable Foundation marks its tenth anniversary, its focus on promoting social mobility in the insurance sector is as important as ever, executive director Wendy Wilder said, particularly as firms reframe diversity...Reuters
Thu, Jul 10
Postcard from London Climate Action Week
By Rebecca DelaneyJuly 10 - (The Insurer) - From June 21 to 29, London hosted the seventh iteration of London Climate Action Week. Below, Sustainable Insurer reflects on the key themes and conversations across climate, transition and resilience in the (re)insurance sector.Early in the week saw the N...Reuters
Thu, Jul 10
The Trump card: will the 'Big Beautiful Bill' derail the energy transition?
By Rebecca DelaneyJuly 10 - (The Insurer) - U.S. President Donald Trump’s signing of the Big Beautiful Bill on July 4 cemented the continued dominance of oil and gas in the nation’s energy mix. Sustainable Insurer considers what this might mean for evolving risk profiles and how the industry can con...Reuters
Thu, Jul 10
Delta Air Lines Expects Q3 Adjusted EPS Of $1.25 To $1.75
July 10 (Reuters) - Delta Air Lines Inc DAL.N:DELTA AIR LINES Q2 ADJUSTED EPS $2.10 VERSUS IBES ESTIMATE $2.05DELTA AIR LINES Q2 ADJUSTED OPERATING REVENUE $15.51 BILLION VERSUS IBES ESTIMATE $15.48 BILLIONDELTA AIR LINES OUTLOOK Q3 ADJUSTED EPS $1.25 TO $1.75 VERSUS IBES ESTIMATE $1.31DELTA AIR LIN...Reuters
Thu, Jul 10
EU's von der Leyen survives parliament confidence vote
By Bart H. Meijer and Charlotte Van Campenhout BRUSSELS, July 10 (Reuters) - European Commission President Ursula von der Leyen survived a no-confidence vote in the European Parliament on Thursday, tabled by mainly far-right lawmakers who alleged she and her team undermined trust in the EU throug...Reuters
Thu, Jul 10
India's TCS misses first-quarter revenue view
BENGALURU, July 10 (Reuters) - India's Tata Consultancy Services TCS.NS reported lower-than-expected first-quarter revenue on Thursday as clients remained cautious about discretionary spending amid tariff-related uncertainty.Consolidated sales at India's largest IT services firm by revenue r...Reuters
Thu, Jul 10
Grok AI to be available in Tesla vehicles next week, Musk says
July 10 (Reuters) - Grok AI will be available in Tesla TSLA.O vehicles next week "at the latest", the EV maker's CEO, Elon Musk, said in a post on X on Thursday.Musk's AI startup xAI launched Grok 4, its latest flagship AI model, on Wednesday. While Musk had earlier said Tesla vehicl...Reuters
Thu, Jul 10
US bank profits to climb on stronger trading, investment banking
Investment banking rebounds after trade war impactsBanks to benefit from Trump's deregulatory regimeEPS growth expected for major U.S. banksBy Nupur Anand NEW YORK, July 10 (Reuters) - Major U.S. banks are expected to report stronger profits next week, driven by buoyant trading and a modest r...Reuters
Thu, Jul 10
Guy Carpenter's global RoL index down 8.1% at mid-year
By Rebecca DelaneyJuly 10 - (The Insurer) - Guy Carpenter's global rate-on-line (RoL) index has dropped for the second consecutive half-year, falling by 8.1% year on year.This follows a drop of 6.6% at January 1, 2025, which was the first decrease since 2017.RoL is the cost of reinsurance per do...Reuters
Thu, Jul 10
Seven & i posts stronger profit boosted by overseas convenience stores
Seven & i under pressure to improve performanceNet profit boosted by sale of Ito-Yokado assetsRetailer has spent 156 billion yen buying own shares By Sam NusseyTOKYO, July 10 (Reuters) - Japan's Seven & i Holdings 3382.T said on Thursday operating profit rose 9.7% in the March to May qu...Reuters
Thu, Jul 10
Iran urges UN nuclear watchdog to drop 'double standards'
DUBAI, July 10 (Reuters) - Iran's president said on Thursday the U.N. nuclear watchdog should drop its "double standards" if Tehran is to resume cooperation with it over the Islamic Republic's nuclear programme, Iranian state media reported.President Masoud Pezeshkian last week enact...Reuters
Thu, Jul 10
Back-to-school spending set to dip as economic woes shrink budgets, Deloitte forecasts
July 10 (Reuters) - Back-to-school spending is expected to dip this year, as tariff-driven price hikes and economic uncertainty force Americans to tighten household budgets, according to a Deloitte forecast released Thursday.Overall spending is projected to remain flat at $30.9 billion or $570 per s...Reuters
Thu, Jul 10
Russia's Lavrov, U.S.' Rubio begin meeting in Kuala Lumpur, RIA says
MOSCOW, July 10 (Reuters) - Russian Foreign Minister Sergei Lavrov and U.S. Secretary of State Marco Rubio began a meeting in the Malaysian capital Kuala Lumpur, Russia's RIA state news agency reported on Thursday.The meeting, on the sidelines of the ASEAN foreign ministers' meeting, is the ...Reuters
Thu, Jul 10
BMW posts modest Q2 sales increase on growing demand in Europe, US resilience
By Amir Orusov July 10 (Reuters) - German carmaker BMW BMWG.DE reported a modest increase in second-quarter deliveries on Thursday, as growing demand in Europe offset a slump in China, with the U.S. market showing resilience. In the April-to-June period, deliveries of BMW, MINI and Rolls-Royc...Reuters
Thu, Jul 10
Indian investigators told lawmakers black boxes undamaged in Air India crash, sources say
By Abhijith Ganapavaram and Nigam Prusty NEW DELHI, July 10 (Reuters) - Indian investigators of the deadly Air India airliner crash that killed 260 last month told a meeting of lawmakers that the plane's black boxes were not damaged, two people familiar with the discussions said.The revelatio...Reuters
Thu, Jul 10
