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Germany charges Syrian national in connection with Taylor Swift concert plot
BERLIN, June 27 (Reuters) - Germany has charged a Syrian national with supporting a foreign terrorist organization for helping to plan a foiled attack on a Taylor Swift concert in Vienna last year, the prosecutor general said in a statement on Friday.Identified as Mohammad A, the suspect helped the ...Reuters
Fri, Jun 27
CDI advances FAIR Plan reforms, seeks dismissal of Consumer Watchdog lawsuit
By Mia MacGregorJune 26 - (The Insurer) - The California Department of Insurance (CDI) is advancing a reform package for the FAIR Plan, including a request to dismiss a lawsuit filed by Consumer Watchdog. The lawsuit challenges the legality of two bulletins that permit insurers to impose surcharges ...Reuters
Fri, Jun 27
South Korea police detain six Americans trying to send cash, rice to North Korea
SEOUL, June 27 (Reuters) - South Korean police have detained six U.S. citizens who were attempting to deliver around 1,300 plastic bottles filled with rice, dollar notes and Bibles to North Korea, a police official said on Friday.The group had been trying to float the bottles by sea at a border isla...Reuters
Fri, Jun 27
Lockton names Serrault US COO after Taiym departure
By Michael LoneyJune 27 - (The Insurer) - Independent insurance broker Lockton has promoted Nick Serrault to chief operating officer for its U.S. operations.The Insurer exclusively reported on June 2 that Said Taiym was stepping down as Lockton’s U.S. COO after seven years with the broker to take on...Reuters
Fri, Jun 27
U.S. sanctions against Serbia's NIS oil company postponed until July 29, Tanjug agency
June 27 (Reuters) - The United States have postponed sanctions against Russian-owned Serbian oil company NIS NIIS.BEL for a fourth time, Tanjug news agency reported on Friday.NIS has so far secured three waivers, with the third one set to expire later on Friday.Reuters
Fri, Jun 27
German long-term yields set for biggest weekly rise in four months amid fiscal spending boost
June 27 (Reuters) - German 30-year government bond yields were on track for their biggest weekly increase in nearly four months after rising this week on expectations of increased borrowing by Germany's government.Reuters
Fri, Jun 27
Japan says no fentanyl seized at border in six years after US smuggling report
TOKYO, June 27 (Reuters) - No fentanyl had been seized at Japan's borders in the six years through 2024, Finance Minister Katsunobu Kato said on Friday, after a media report alleged a Chinese group in Japan smuggled chemicals into the United States to make the synthetic drug."Japan will cont...Reuters
Fri, Jun 27
Exclusive: Natural Disaster Fund deployed $94 million in capacity in 2024
NDF focus is on Global South with 36.3 million poor and vulnerable beneficiariesFund leverages $61 million private sector capacity, plans additional support23 payouts totalling $20.9 million in 2024By Henry GaleJune 27 - (The Insurer) - The Natural Disaster Fund (NDF), a governnment-backed parametri...Reuters
Fri, Jun 27
Parametric and industry-loss triggers make cat bonds more viable in China: Taiping Re CEO
By Henry GaleJune 27 - (The Insurer) - Trigger design is "critical" for catastrophe bonds in China, according to Sheldon Yu, CEO of Hong Kong-based reinsurer Taiping Re.In January, the reinsurer said it had issued a $35 million catastrophe bond covering China earthquake and U.S. hurricane ri...Reuters
Fri, Jun 27
Abundant supply drives accelerated softening in aviation war market
New entrants drive down aviation hull war ratesRate cuts may not be sensible due to loss exposuresExcess 52 market remains stable with rates renewing flatBy Michael JonesJune 27 - (The Insurer) - Abundant supply in the aviation hull war market has led to accelerated rate softening, with placements i...Reuters
Fri, Jun 27
Kia America Is Recalling 11,327 U.S. Vehicles - NHTSA
June 27 (Reuters) - NHTSA: KIA AMERICA, INC. IS RECALLING 11,327 U.S. VEHICLES - NHTSAKIA AMERICA, INC. IS RECALLING SOME U.S. VEHICLES AS A REARVIEW IMAGE THAT DOES NOT DISPLAY REDUCES THE DRIVER'S VIEW OF WHAT IS BEHIND THE VEHICLE, INCREASING THE RISK OF A CRASH.- NHTSASource text: https://ti...Reuters
Fri, Jun 27
China and US confirmed more details of trade framework, China says
BEIJING, June 27 (Reuters) - China and the United States recently confirmed more details of a framework they agreed on earlier this month following talks in London, China's commerce ministry said in a statement on Friday. China will approve export applications of controlled items in accordance w...Reuters
Fri, Jun 27
Hungary's PM Orban warns of legal consequences over banned Budapest Pride march
BUDAPEST, June 27 (Reuters) - Hungarian Prime Minister Viktor Orban said on Friday there would be "legal consequences" for organising or attending a Budapest Pride march in violation of a police ban on the event planned for this weekend.Hungary's parliament, in which Orban's right-wi...Reuters
Fri, Jun 27
PSI working group launches inaugural guide for portfolio-level nature risk assessment
By Rebecca DelaneyJune 27 - (The Insurer) - The U.N. Principles for Sustainable Insurance (PSI) initiative has launched a guide to address gaps in insurers' assessment of nature-related risks, dependencies, impacts and opportunities across underwriting portfolios.Published on Thursday to coincid...Reuters
Fri, Jun 27
Toyota's global sales hit May record, but production dips
TOKYO, June 27 (Reuters) - Toyota Motor's 7203.T global sales rose for a fifth straight month in May, setting a record for the month, as strong demand in markets such as the U.S. held firm despite President Donald Trump's tariffs, the automaker said on Friday.Worldwide sales climbed 6.9% yea...Reuters
Fri, Jun 27
Czech billionaire Kretinsky named Royal Mail's chairman
June 27 (Reuters) - Czech billionaire Daniel Kretinsky will become the chairman of British parcel and postal firm Royal Mail, his investment firm EP Group said on Friday. Kretinsky's EP Group closed its 3.57 billion pounds ($4.90 billion) acquisition of Royal Mail's parent company Internatio...Reuters
Fri, Jun 27
Exclusive: Ascot hires Price Forbes Re's head of parametric Gibson
By Henry GaleJune 27 - (The Insurer) - Stephen Gibson, previously head of parametric at Price Forbes Re, is joining Ascot as the carrier looks to grow its presence in the parametric insurance market.Gibson became Price Forbes Re's head of parametric in April 2024 after joining the firm in 2023. ...Reuters
Fri, Jun 27
European media group RTL to buy Sky Deutschland
LONDON, June 27 (Reuters) - European broadcaster RTL Group AUDK.LU said on Friday it would buy Sky Deutschland, in a deal that combines Sky's sports and streaming offerings with RTL's news and entertainment brands to create a business with 11.5 million paying subscribers.The deal includes a ...Reuters
Fri, Jun 27
Gulf marine war rates fall slightly as Israel-Iran ceasefire holds
By Michael JonesJune 27 - (The Insurer) - Gulf marine war rates have softened slightly as the ceasefire between Iran and Israel continues to hold, three senior marine market sources told The Insurer.The sources said that marine war rates for the Gulf were between 0.35% and 0.45% on Thursday.Rates ha...Reuters
Fri, Jun 27
CORRECTED-US envoy plays down Africa tariff, visa concerns, reaffirms Lobito rail commitment
African Union officials have criticised US trade, visa policiesUS envoy Troy Fitrell defends US positions on both Reaffirms commitment to Lobito Corridor railway projectBy Miguel Gomes and Colleen Goko LUANDA, June 24 (Reuters) - The top U.S. diplomat for Africa on Tuesday dismissed allegations o...Reuters
Fri, Jun 27
