News
Important Only
Japan plans to lure US researchers amid Trump crackdown
TOKYO, June 4 (Reuters) - Japan will step up efforts to court researchers from the United States amid concerns about the U.S. government's shifting policies on academic work, Prime Minister Shigeru Ishiba said on Wednesday.Measures would include invitations to "excellent foreign researchers,...Reuters
Wed, Jun 4
Fitch downgrades Afreximbank, cites high credit risks and weak risk management policies
LONDON, June 4 (Reuters) - Fitch downgraded its credit rating for Afreximbank on Wednesday, citing high credit risks and weak risk-management policies. The one-notch downgrade to BBB-, with a negative outlook, comes as the African lender battles to protect its loans from restructuring in Ghana, Zamb...Reuters
Wed, Jun 4
Thailand to buy 12 Swedish Gripen fighter jets, air force says
Order of dozen jets to replace ageing fleet; four expected in first phasePlan to be sent to cabinet for approval next month; contract not yet signedIn 2023, Thai air force said U.S. declined F-35 sale due to training and technical issues BANGKOK, June 4 (Reuters) - Thailand plans to acquire a doz...Reuters
Wed, Jun 4
USI says ample capacity keeping property market competitive as excess casualty ticks up
By Chris MunroJune 4 - (The Insurer) - Ample U.S. property insurance capacity means pricing dynamics will continue broadly unchanged in 2025’s second half despite elevated catastrophe losses, while casualty is more mixed with certain segments set for further price rises, USI has forecast.There was a...Reuters
Wed, Jun 4
Trump envoy says risk levels 'going way up' after Ukraine struck Russian bombers
MOSCOW, June 4 (Reuters) - U.S. President Donald Trump's Ukraine envoy said the risk of escalation from the war in Ukraine was "going way up" after Ukrainian forces used drones to strike nuclear-capable bombers at several airbases deep inside Russia.Ukraine said it attacked airfields in ...Reuters
Wed, Jun 4
Remy CEO: we are taking a more agile approach to price management
June 4 (Reuters) - Remy Cointreau SA RCOP.PA CEO Eric Vallat tells analysts:WE ARE TAKING A MORE AGILE APPROACH TO PRICE MANAGEMENT, ADAPTING TO ENSURE WE REMAIN COMPETITIVEWE HAVE DECIDED TO REDUCE OUR EAU DE VIE PURCHASES BY 25% TO 45% IN VOLUMEAS OF TODAY A SHARE BUYBACK SEEMS UNLIKELY AS THE BOA...Reuters
Wed, Jun 4
Brookfield Asset Management plans $10 bln data centre for AI in Sweden
STOCKHOLM, June 4 (Reuters) - Brookfield Asset Management BAM.TO (BAM) plans to invest up to 95 billion Swedish crowns ($9.91 billion) to build a data centre for artificial intelligence in Sweden, the Canadian company said in a statement on Wednesday.BAM said the site in the Swedish city of Strangna...Reuters
Wed, Jun 4
Nokia, Nvidia, defence firms back EU-funded drone infrastructure oversight project
Project aims to protect Europe's critical infrastructureDrones to watch energy grids, data centres, communication lines Potential for later dual-use defence applicationsBy Nathan Vifflin June 4 (Reuters) - A consortium of more than 42 organizations, led by Nokia NOKIA.HE, will work on an unma...Reuters
Wed, Jun 4
QUOTES-South Korea's President Lee Jae-myung takes office
June 4 (Reuters) - South Korea has elected liberal Lee Jae-myung as president to lead the country through a tumultuous period that will require negotiating trade tariffs with the U.S. and mending the scars from his ousted predecessor's shock martial law declaration. Following are some reactions ...Reuters
Wed, Jun 4
ANALYSIS-Pope Leo, in first month, makes a break in style from Francis
Pope Leo marks four weeks leading Catholic Church on ThursdayAmong issues Leo must address is Vatican's ongoing budget crisisPontiff considers problems slowly, associates tell ReutersLeo, first U.S. pope, has not announced any major decisions yetBy Joshua McElwee VATICAN CITY, June 4 (Reuters...Reuters
Wed, Jun 4
Munich Re Ventures marks 10-year anniversary with $125 million HSB fundraise
By David BullJune 4 - (The Insurer) - Munich Re’s venture capital arm has announced a new $125 million fund from its founding limited partner HSB to invest in so-called “built world” startups as well as cybersecurity and technologies driving towards a resilient future.The fund launch, announced last...Reuters
Wed, Jun 4
China criticises Rubio remarks on 1989 Tiananmen protests
BEIJING, June 4 (Reuters) - The United States, in its commemoration of the Tiananmen protests in 1989, "distorted" historical facts and attacked China's political system, the Chinese foreign ministry said on Wednesday. China has lodged a complaint to the U.S. side, Lin Jian, spokesperson...Reuters
Wed, Jun 4
Counterpoint Research cuts 2025 global smartphone shipment growth amid tariff uncertainty
June 4 (Reuters) - Research firm Counterpoint cut growth expectations for global smartphone shipments in 2025 to 1.9% on Wednesday, down from its earlier forecast of 4.2%, citing uncertainties surrounding U.S. tariffs.U.S. President Donald Trump announced a series of tariffs on April 2, prompting co...Reuters
Wed, Jun 4
CORRECTED-Italy starts marketing syndicated dual-tranche BTP bond issue
MILAN, June 4 (Reuters) - Italy's Treasury on Wednesday started marketing via syndication a dual-tranche issue consisting of a new 5-year BTP and a tap of a Green BTP bond maturing in 2037.Rome has set the initial yield guidance for the 5-year issue due October 1, 2030 at around 10 basis points ...Reuters
Wed, Jun 4
Arch promotes Short to lead digital underwriting across international business
By Ryan HewlettJune 4 - (The Insurer) - Arch Insurance International has promoted Ed Short to the newly created role of head of digital, effective immediately.Short will be responsible for executing the digital underwriting strategy across Arch’s international unit, including its London market, UK r...Reuters
Wed, Jun 4
Kayzen Specialty's Boorman: Attracting business in a softening market
By Rebecca DelaneyJune 4 - (The Insurer) - As the financial lines market observes rate reductions across both commercial and financial institutions (FI) business, Kayzen Specialty's Charles Boorman spoke to The Insurer about the challenges and opportunities of growing an MGA in a softening marke...Reuters
Wed, Jun 4
Thailand to buy 4 more Swedish Gripen fighter jets, air force says
BANGKOK, June 4 (Reuters) - Thailand plans to acquire four Gripen 39 fighter jets built by Sweden's SAAB in a first procurement phase as part of a plan to replace its ageing fleet of mainly U.S. jets, its air force said on Wednesday.Thailand currently has 11 JAS 39 Gripen fighter jets and dozens...Reuters
Wed, Jun 4
UK retail cyberattacks help stabilise falling rates, increase wordings scrutiny
BI losses remain a major concern for cyber insurersRecent attacks highlight retail's vulnerability to cyber threatsInsurers likely to reevaluate BI waiting periods after recent attacksSMEs more vulnerable to cyberattacks, lack resources for quick recovery, Coalition's Ram statesBy Rebecca De...Reuters
Wed, Jun 4
Trump calls China's Xi tough, 'hard to make a deal with'
June 4 (Reuters) - U.S. President Donald Trump said on Wednesday that Chinese President Xi Jinping is tough and "extremely hard to make a deal with.""I like President Xi of China, always have, and always will, but he is VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL WITH," Trump said ...Reuters
Wed, Jun 4
