News
Important Only
Siemens sees no need to shift production due to tariffs
ZURICH, May 15 (Reuters) - Siemens SIEGn.DE currently sees no reason to change its production footprint or raise prices to deal with the impact of tariffs, Chief Financial Officer Ralf Thomas said on Thursday."There is no current plan to change anything, we have a very well-balanced global value...Reuters
Thu, May 15
Turkey hopes Istanbul talks will open new chapter for Ukraine-Russia peace
ANTALYA, Turkey, May 15 (Reuters) - Turkish Foreign Minister Hakan Fidan said on Thursday there was a new window of opportunity to achieve peace between Ukraine and Russia, adding that he hoped planned talks between the sides in Istanbul would open a new chapter.Fidan was speaking at the opening of ...Reuters
Thu, May 15
'Too good to be true': investors eye Syria after Trump sanctions move
Lifting sanctions expected to boost Syrian economy and attract investmentsSyria's Sharaa praises US move, vows stronger investment climateSyrian diaspora, Turkey, Gulf states expected to investChallenges remain with armed groups, Kurdish demands, and sectarian violenceSyrian billionaire says rea...Reuters
Thu, May 15
Fidelis Partnership lines up former Swiss Re CorSo deputy aviation head Urquhart
By Michael JonesMay 15 - (The Insurer) - Former Swiss Re Corporate Solutions deputy head of aviation Alastair Urquhart has agreed to join the Fidelis Partnership, three senior aviation market sources told The Insurer.Two senior aviation market sources said Urquhart agreed to join the Fidelis Partner...Reuters
Thu, May 15
EU prepared to act if US tariff talks fail, says German finance minister
BERLIN, May 15 (Reuters) - German Finance Minister Lars Klingbeil said on Thursday that the European Union must unite in the face of U.S. tariffs, and that it is prepared to act if negotiations with Washington yield no result."We must respond to the U.S. tariffs with unity and determination,"...Reuters
Thu, May 15
Putin discussed Ukraine talks with Russia's most senior officials
MOSCOW, May 15 (Reuters) - President Vladimir Putin held a late night meeting with some of Russia's most powerful officials to discuss the upcoming peace talks with Ukraine, the Kremlin said on Thursday.Putin sent a Kremlin aide, deputy ministers and a military intelligence chief to hold peace t...Reuters
Thu, May 15
China says it did not agree to Taiwan attending WHO annual assembly
BEIJING, May 15 (Reuters) - China decided not to agree to Taiwan's participation at this year's annual assembly of the World Health Organization, the Chinese foreign ministry said on Thursday. Taiwan, without the consent of the "central government", does not have any grounds or right...Reuters
Thu, May 15
Exclusive: Euclid launching London-based finpro MGA led by CNA Hardy's Dexter
By James ThalerMay 15 - (The Insurer) - Euclid Insurance Services is launching a London-based financial and professional risks MGA led by ex-CNA Hardy executive John Dexter, alongside Talbot's financial institutions head Ben Phillips and former Newline professional indemnity head Chris Savvas.A ...Reuters
Thu, May 15
Aviva GI premium jumps 9% in Q1, combined ratio slips on catastrophe losses
General insurance premiums up 9% to 2.9 billion poundsGroup undiscounted combined operating ratio of 96.6%Probitas helps drive 15% growth in commercial lines GWPSolvency II cover ratio of down 2 points to 201%By Ryan HewlettMay 15 - (The Insurer) - UK insurer Aviva reported a 9.0% jump in first-quar...Reuters
Thu, May 15
How Trump's man in Beijing swung from trade globalist to China hawk
David Perdue is self-styled China watcher and Trump loyalistFormer senator focused on economic and military competition with ChinaHopes to use Trump connection to push through fentanyl dealBy Laurie Chen and Michael Martina BEIJING/WASHINGTON, May 15 (Reuters) - The new U.S. envoy to China, Ambas...Reuters
Thu, May 15
Zelenskiy to decide on talks with Russia after meeting Erdogan, Ukrainian official says
KYIV, May 15 (Reuters) - President Volodymyr Zelenskiy is due to meet Turkish President Tayyip Erdogan on Thursday and after that will make a decision on talks with Russia in Istanbul, a Ukrainian official told Reuters. Russia has sent aides and deputy ministers to hold peace talks with Ukraine.Reuters
Thu, May 15
Allianz posts Q1 P&C combined ratio of 91.8%
By Rebecca DelaneyMay 15 - (The Insurer) - Allianz posted a P&C combined ratio of 91.8% for the first quarter of 2025 on Thursday, ahead of its full-year target of around 93.0%.Natural catastrophe claims increased after a benign first quarter in 2024, but the loss ratio of 67.7% was partly offse...Reuters
Thu, May 15
Berlin backs Trump demand to hike NATO spending to 5% of GDP, Wadephul says
ANTALYA, May 15 (Reuters) - Germany backs U.S. President Donald Trump's demand to increase NATO's spending target to 5% of national GDP, Foreign Minister Johann Wadephul said on Thursday."The result ... is the 5% that U.S. President Trump has demanded, and we are following him in this re...Reuters
Thu, May 15
Talanx reports 92.8% combined ratio for Q1
Group net income up 5% to 604 million eurosLarge losses exceed budget by 276 million euros Corporate division revenue rises 10% due to new business and inflation adjustmentsBy Scott Vincent, Michael JonesMay 15 - (The Insurer) - Talanx reported a first-quarter combined ratio of 92.8% on Thursday, wi...Reuters
Thu, May 15
National Grid beats profit view, takes $402 million hit from New York wind project
May 15 (Reuters) - National Grid NG.L beat annual profit estimates on Thursday, driven by strong earnings from its UK electricity transmission and New York businesses, and said it remains on track to invest 60 billion pounds($79.74 billion) in energy networks through March 2029.However, it booked a ...Reuters
Thu, May 15
France's Barrot: US, Europe prepping sanctions on Russia's energy, financial sectors
ANTALYA, Turkey, May 15 (Reuters) - The US and Europe are preparing further sanctions on Russia's energy and financial sectors, French Foreign Minister Jean-Noel Barrot said on Thursday ahead of an informal meeting of foreign ministers in Turkey.Reuters
Thu, May 15
RPT-Erdogan's global peacemaker spotlight hides tumult within Turkey
Turkey to host direct Russia-Ukraine peace talks Erdogan's diplomatic clout heightens Ankara's regional influencePeacemaker role also boosts Erdogan's domestic aimsEnd of PKK conflict may help him extend presidential termArrest of political rival sparked largest protests in a decadeBy Jo...Reuters
Thu, May 15
UK's ITV assessing US tariffs after in line first quarter
LONDON, May 15 (Reuters) - Britain's ITV ITV.L reported a first-quarter performance in line with guidance and said while it was assessing the impact of tariffs, it did not expect its television-making unit to be hit by U.S. President Donald Trump's proposed film levies. For the first quar...Reuters
Thu, May 15
