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Former Willis CEO Plumeri named IAP chairman
By Navneeta NandanMay 27 - (The Insurer) - Insurance-focused investment bank Insurance Advisory Partners (IAP) has appointed former Willis chief executive Joe Plumeri to the newly created role of chairman, from September 1.He will also become an investor in the firm, the company announced on Tuesday...Reuters
Tue, May 27
Gaza humanitarian group is a 'distraction' from what is needed, UN says
GENEVA, May 27 (Reuters) - The work of a U.S.-backed private humanitarian organization tasked with distributing aid in Gaza is a distraction from what is needed such as the opening of crossing points, a U.N. spokesperson said on Tuesday."We do not participate in this modality for the reasons giv...Reuters
Tue, May 27
Weride Expands Into Saudi Arabia With Launch Of Robotaxi
May 27 (Reuters) - WeRide Inc WRD.O:WERIDE EXPANDS INTO SAUDI ARABIA WITH LAUNCH OF ROBOTAXI AND MORE AUTONOMOUS DRIVING PRODUCTSWERIDE INC - TO LAUNCH ROBOTAXI TRIAL OPERATIONS ON UBER IN SAUDI ARABIAWERIDE INC - SERVICE IS SET TO LAUNCH ON UBER IN COMING MONTHS, WITH FULL COMMERCIAL SERVICES EXPEC...Reuters
Tue, May 27
SiriusPoint names Chubb's Enan as to lead strategy and corporate development
By Navneeta NandanMay 27 - (The Insurer) - SiriusPoint has named Philip Enan as chief strategy and corporate development officer, the company said on Tuesday.In his new role, Enan will lead the company’s strategy development process and explore new investment opportunities and initiatives.He will re...Reuters
Tue, May 27
Travelers names Menefee enterprise cyber lead after Francis departure
By Michael LoneyMay 27 - (The Insurer) - Travelers has appointed John Menefee as vice president, enterprise cyber lead, and Lauren Winchester as vice president, cyber risk officer.Cyber Risk Insurer exclusively reported on April 29 that Tim Francis had resigned as Travelers enterprise cyber lead to ...Reuters
Tue, May 27
Xiaomi reports 47% revenue growth as its launches new electric SUV
By Che Pan and Brenda GohBEIJING, May 27 (Reuters) - China's Xiaomi 1810.HK reported a 47.4% jump in first-quarter revenue on Tuesday as the company doubled down on making electric vehicles.Revenue for the quarter ended March 31 was 111.3 billion yuan ($15.48 billion), beating the 107.6 billion...Reuters
Tue, May 27
Kremlin says Ukrainian attacks on Russia are not conducive to peace
MOSCOW, May 27 (Reuters) - Kremlin spokesman Dmitry Peskov on Tuesday condemned Ukrainian attacks on Russian territory and said they were not conducive to finding a peaceful resolution to the conflict. Swarms of drones are being launched by both sides while fierce fighting is under way along key par...Reuters
Tue, May 27
Tokai Carbon sues six insurers for breach of contract over factory explosion coverage
By Isha MaratheMay 23 - (The Insurer) - Tokai Carbon Co has sued six insurers for denying coverage of losses from the explosion of two high-speed fans at its Borger, Texas, facility, with the carbon black manufacturer seeking payment from policies providing combined limits of $400 million.The lawsu...Reuters
Tue, May 27
Kremlin says work on next prisoner swap between Russia and US continues
MOSCOW, May 27 (Reuters) - Moscow and Washington are continuing to work on another prisoner swap between their two countries, Kremlin spokesman Dmitry Peskov said on Tuesday.U.S. President Donald Trump and Russian President Vladimir Putin discussed a possible prisoner exchange involving nine people ...Reuters
Tue, May 27
Talk of new U.S. sanctions on Russia are campaign to derail peace talks, says Kremlin
MOSCOW, May 27 (Reuters) - Kremlin spokesman Dmitry Peskov said on Tuesday that media reports suggesting that the United States may impose new sanctions against Russia were part of a campaign aimed at disrupting peace talks over Ukraine.Reuters
Tue, May 27
EU ministers approve new 150 bln euro arms fund
BRUSSELS, May 27 (Reuters) - Ministers from European Union countries on Tuesday approved the creation of a 150 billion euro ($170.7 billion) arms fund, driven by fears of a Russian attack in years to come and doubts about U.S. security commitments to the continent.The ministers' approval was the...Reuters
Tue, May 27
Russia says U.S. Golden Dome project undermines strategic stability
MOSCOW, May 27 (Reuters) - The United States' Golden Dome project undermines the foundations of strategic stability as it involves the creation of a global missile defence system, Russian Foreign Ministry spokeswoman Maria Zakharova said on Tuesday.The $175-billion project, proposed by U.S. Pres...Reuters
Tue, May 27
KFC to invest $2 billion in UK and Ireland over five years
LONDON, May 27 (Reuters) - Yum Brands' YUM.N KFC plans to invest 1.49 billion pounds ($2.0 billion) in Britain and Ireland over the next five years, creating over 7,000 jobs within its business and across its supply chain, it said on Tuesday. The fried chicken fast food chain, which currentl...Reuters
Tue, May 27
Swiss minister hopes for result on US trade talks by July
ZURICH, May 27 (Reuters) - Talks over trade between the Swiss government and the Trump administration will hopefully yield a result by the beginning of July, Swiss Economy Minister Guy Parmelin said on Tuesday.Switzerland was stunned to be saddled with steeper tariffs than its neighbours in the Euro...Reuters
Tue, May 27
Candidate spouses take centre stage in South Korea's heated presidential race
Wife of South Korea's right-wing presidential candidate targets rival's spouse over credit card misuse chargeCandidate promises special inspector for presidential family misconductSpouse controversies impact South Korean presidential race dynamicsBy Ju-min Park SEOUL, May 27 (Reuters) - T...Reuters
Tue, May 27
Barclays hikes CoreWeave's PT to Street high; stock climbs
** Shares of Nvidia-backed CoreWeave CRWV.O up 4.2% to $106.8 premarket ** Barclays raises co’s PT to $100 from $70, the highest among 18 analysts covering the stock** We continue to like the role Coreweave is playing in the new GenAI world, says brokerage** Last week, Aston Martin Aramco announced ...Reuters
Tue, May 27
South Africa not giving 'special dispensation' to Musk's Starlink, minister says
JOHANNESBURG, May 27 (Reuters) - South Africa's Communications Minister Solly Malatsi said on Tuesday that his proposed draft policy that recognises alternatives to Black ownership requirements was not only meant for Elon Musk's Starlink."We are not attempting to open a special dispensat...Reuters
Tue, May 27
Russia says Ukraine, backed by Europe, is trying to wreck peace talks, Ifax reports
MOSCOW, May 27 (Reuters) - Russia's defence ministry said on Tuesday that Ukraine, backed by certain European countries, had taken a host of 'provocative steps' aimed at wrecking Russian-initiated direct peace talks, the Interfax news agency reported.Reuters
Tue, May 27
Nearly 180,000 people displaced in Gaza by renewed Israeli offensive, UN migration agency says
GENEVA, May 27 (Reuters) - A renewed Israeli military offensive has forcibly displaced almost 180,000 people in just 10 days through to May 25, the International Organization for Migration said on Tuesday.The statement on behalf of the Global Camp Coordination and Camp Management Cluster expressed d...Reuters
Tue, May 27
