News
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Solvency capital rules and tax to drive UK captive onshoring
By Navneeta NandanJuly 16 - (The Insurer) - UK-headquartered multinational groups are the most likely to benefit from onshoring or expanding their captive operations under the government's planned captive framework, insurance industry representatives have said.The UK government said in a consult...Reuters
Wed, Jul 16
Iran parliament rules out resumption of US talks until preconditions are met
DUBAI, July 16 (Reuters) - Iran's parliament said the country should not resume nuclear negotiations with the United States until preconditions are met, in a statement reported on Wednesday by Iranian state media. "When the U.S. use negotiations as a tool to deceive Iran and cover up a sudde...Reuters
Wed, Jul 16
China supports Iran in resisting 'bullying', respects peaceful use of nuclear energy, foreign minister says
BEIJING, July 16 (Reuters) - China will continue to support Iran in safeguarding its national sovereignty and dignity, and in "resisting power politics and bullying," Foreign Minister Wang Yi told his Iranian counterpart on Wednesday."China attaches importance to Iran's commitment no...Reuters
Wed, Jul 16
Richemont reports 6% rise in sales as jewellery defies luxury slowdown
Jewellery sales up 11%, lifted by Cartier and Van Cleef brandsRichemont outpaces peers thanks to rich clientsLuxury sector seen declining this yearBy Marleen Kaesebier and Mimosa Spencer July 16 (Reuters) - Swiss luxury group Richemont CFR.S reported a 6% rise in quarterly sales on Wednesday, lif...Reuters
Wed, Jul 16
'Japanese First' party shakes up election with alarm over foreigners
Japan holds upper house elections on Sunday Sanseito party, birthed on YouTube, set to make gainsRuling party pledges crackdown on foreigners as mood shiftsBy Tim Kelly and John Geddie TOKYO, July 16 (Reuters) - An upstart party is gaining support ahead of elections in Japan by railing against a ...Reuters
Wed, Jul 16
Gallagher Re: $75 billion industry loss event needed to shift property reinsurance behaviour
Gallagher Re estimates $84 billion in H1 2025 insured losses, driven by U.S. eventsNine of the 10 costliest events occurred in the U.S., dominated by wildfires and severe convective stormsGallagher Re's H1 loss estimate lower than Aon's $100 billion tally, with differing SCS figuresBy Scott ...Reuters
Wed, Jul 16
China, EU lifting all restrictions on mutual exchange, says China's foreign ministry
BEIJING, July 16 (Reuters) - China's foreign ministry on Wednesday said China and the EU parliament were lifting all restrictions on mutual exchange, after the South China Morning Post reported that China had removed "restrictions" on former EU lawmaker Reinhard Buetikofer sanctioned in ...Reuters
Wed, Jul 16
Ford recalls over 694,000 US vehicles over fire risk
July 16 (Reuters) - Ford F.N is recalling 694,271 vehicles in the United States due to a fuel leak issue that could increase the risk of a fire, the U.S. National Highway Traffic Safety Administration said on Wednesday.The recall affects certain 2021-2024 Bronco Sport and 2020-2022 Escape vehicles, ...Reuters
Wed, Jul 16
China says sentencing of Japanese national handled in accordance with law
Beijing, July 16 (Reuters) - China's foreign ministry on Wednesday said the sentencing of a Japanese pharmaceutical employee indicted for espionage was handled in accordance with the law and that China has allowed Japan to provide consular services.Reuters
Wed, Jul 16
Iran parliament rules out resumption of US talks until 'preconditions' are met
DUBAI, July 16 (Reuters) - Iran's parliament said the country should not resume nuclear negotiations with the United States until preconditions are met, in a statement published on Wednesday by the Iranian Students' News Agency. The report did not say what the preconditions were.Reuters
Wed, Jul 16
U.S- backed Gaza Humanitarian Foundation says 20 people killed in an incident in Khan Younis
July 16 (Reuters) - At least 20 people were killed in an incident in Gaza's Khan Younis on Wednesday, according to a statement from the U.S.-backed Gaza Humanitarian Foundation. GHF, which uses private U.S. security and logistics companies to get aid supplies into Gaza, added that 19 victims...Reuters
Wed, Jul 16
Ford Motor Company Is Recalling 694,271 U.S. Vehicles - NHTSA
July 16 (Reuters) - FORD MOTOR COMPANY IS RECALLING 694,271 U.S. VEHICLES - NHTSAFORD MOTOR COMPANY IS RECALLING SOME U.S. VEHICLES AS A FUEL LEAK IN THE PRESENCE OF AN IGNITION SOURCE, SUCH AS HOT ENGINE OR EXHAUST COMPONENTS, CAN INCREASE THE RISK OF A FIRE.- NHTSASource: https://tinyurl.com/276c3...Reuters
Wed, Jul 16
Soccer-Apollo in talks to take stake in Atletico Madrid, report says
MADRID, July 16 (Reuters) - U.S.-based buyout fund Apollo Global Management APO.N is in talks with the owner of Atletico Madrid to take a significant stake in the Spanish top-flight side, Expansion newspaper reported on Wednesday.The deal would value the team at roughly 2.5 billion euros ($2.91 bill...Reuters
Wed, Jul 16
UK fines Barclays $56.3 million for financial crime risk management lapses
July 16 (Reuters) - Britain's financial regulator on Wednesday said it has fined Barclays BARC.L 42 million pounds ($56.31 million) for failings related to financial crime risk management.($1 = 0.7459 pounds)Reuters
Wed, Jul 16
UK's FCA Fines Barclays £42 Million For Poor Handling Of Financial Crime Risks
July 16 (Reuters) - UK's FCA:FCA: FCA FINES BARCLAYS £42 MILLION FOR POOR HANDLING OF FINANCIAL CRIME RISKS: 16/07/2025UK'S FCA: BARCLAYS BANK UK PLC WILL MAKE A VOLUNTARY PAYMENT TO WEALTHTEK’S CLIENTSUK'S FCA: BARCLAYS TO MAKE VOLUNTARY PAYMENT OF £6.3 MILLION TO WEALTHTEK’S CLIENTS WH...Reuters
Wed, Jul 16
ASML's CFO Says Tariffs Impact Seems Still Uncertain -Internal Interview
July 16 (Reuters) - ASML HOLDING NV ASML.AS:ASML CFO- IN H2 YOU WILL SEE IMPROVEMENT OF SERVICE BUSINESS, EUV TOOLS OUT OF WARRANTY -INTERNAL INTERVIEWASML CFO- WE'RE WORKING WITH SUPPLY CHAIN AND OUR CUSTOMERS TO MAKE SURE TARIFFS IMPACT FOR ASML AS LIMITED AS POSSIBLE -INTERNAL INTERVIEWASML C...Reuters
Wed, Jul 16
AstraZeneca's amyloidosis treatment fails main goal in late-stage study
July 16 (Reuters) - AstraZeneca AZN.L on Wednesday said that its experimental therapy anselamimab did not meet the main goal of a late-stage study for the treatment of AL amyloidosis, a rare condition that causes a buildup of protein deposits in the body.The primary outcome of the study was being me...Reuters
Wed, Jul 16
Gulf Keystone Petroleum To Temporarily Shut-In Production At Shaikan Field
July 16 (Reuters) - Gulf Keystone Petroleum Ltd GKP.L:GULF KEYSTONE PETROLEUM: NOTED REPORTS OVER PAST TWO DAYS OF EXPLOSIONS AT A NUMBER OF OIL FIELDS IN VICINITY OF CO'S SHAIKAN FIELDGULF KEYSTONE PETROLEUM: TO TEMPORARILY SHUT-IN PRODUCTION AT SHAIKAN FIELDReuters
Wed, Jul 16
France will revise economic growth forecast in September, minister says
PARIS, July 16 (Reuters) - France will revise its economic growth forecasts in September, finance minister Eric Lombard told Bloomberg TV on Wednesday, without giving any more details."We will revise the number in September," he said.On Tuesday, French Prime Minister Francois Bayrou proposed...Reuters
Wed, Jul 16
Zurich Canada restructures into four units to streamline customer and broker interactions
By Chris MunroJuly 16 - (The Insurer) - Zurich Canada has restructured into four separate units each with their own leadership in a move the carrier said will more closely align its teams with key customer segments.In a statement issued on Tuesday, the Toronto-based subsidiary said the “evolution is...Reuters
Wed, Jul 16
Caledonia Mining Corporation Posts Q2 Gold Production At Blanket Mine At 21,070 Ounces
July 16 (Reuters) - Caledonia Mining Corporation PLC CALq.L:CALEDONIA MINING CORPORATION PLC - Q2 2025 GOLD PRODUCTION AT THE BLANKET MINE SETS NEW RECORD AT 21,070 OUNCESFurther company coverage: [CALq.L]Reuters
Wed, Jul 16
Hiscox bets on European growth after Lokky deal
Hiscox Europe grew 7.6% in 2024; ICWP of $656.5 millionHolds 1.7% share of the European SME insurance market with “ample” opportunity for growthEuropean unit aiming to grow ahead of the market in medium termJuly 16 - (The Insurer) - Hiscox is doubling down on its European ambitions with its recent e...Reuters
Wed, Jul 16
