Ship insurers to cancel war cover for Russia, Ukraine from Jan 1

Ship insurers to cancel war cover for Russia, Ukraine from Jan 1

LONDON, Dec 28 (Reuters) – Ship insurers said they are cancelling war risk cover across Russia, Ukraine and Belarus, following an exit from the region by reinsurers in the face of steep losses. Reinsurers, who insure the insurers, typically renew their 12-month contracts with insurance clients on Jan. 1, giving them the first opportunity to … Read more

Bankman-Fried’s criminal case assigned to judge in Trump, Prince Andrew cases

Bankman-Fried’s criminal case assigned to judge in Trump, Prince Andrew cases

Dec 27 (Reuters) – Sam Bankman-Fried’s criminal case over the collapse of his FTX cryptocurrency exchange has been reassigned to a judge recently known for handling defamation lawsuits against former U.S. President Donald Trump and a sexual abuse lawsuit against Britain’s Prince Andrew. U.S. District Judge Lewis Kaplan replaces his colleague Ronnie Abrams, who recused … Read more

Iran reroutes plane carrying soccer star’s wife, blames UK over unrest

Iran reroutes plane carrying soccer star’s wife, blames UK over unrest

DUBAI, Dec 26 (Reuters) – Iranian authorities rerouted a flight bound for Dubai on Monday and prevented the wife and daughter of former national soccer team captain Ali Daei, who has supported anti-government protests, from leaving the country, state media reported. Amid a concerted clampdown, Tehran also said the arrests in Iran of citizens linked … Read more

Storm cuts U.S. oil, gas, power output, sending prices higher

Storm cuts U.S. oil, gas, power output, sending prices higher

Dec 23 (Reuters) – Frigid cold and blowing winds on Friday knocked out power and cut energy production across the United States, driving up heating and electricity prices as people prepared for holiday celebrations. Winter Storm Elliott brought sub-freezing temperatures and extreme weather alerts to about two-thirds of the United States, with cold and snow … Read more

Insurers shun FTX-linked crypto firms as contagion risk mounts

Insurers shun FTX-linked crypto firms as contagion risk mounts

Dec 19 (Reuters) – Insurers are denying or limiting coverage to clients with exposure to bankrupt crypto exchange FTX, leaving digital currency traders and exchanges uninsured for any losses from hacks, theft or lawsuits, several market participants said. Insurers were already reluctant to underwrite asset and directors and officers (D&O) protection policies for crypto companies … Read more

Second woman dies following crush at London concert

Second woman dies following crush at London concert

LONDON, Dec 19 (Reuters) – A second woman has died from injuries suffered last week during a crush at a music concert at London’s Brixton Academy, British police said on Monday. Gabrielle Hutchinson, 23, a security guard who was on duty at the event died in hospital in the early hours of Monday, police said. … Read more

Oil bounces as China demand hopes offset recession fears

Oil bounces as China demand hopes offset recession fears

Reopening of Chinese economy buoys demand hopes Rising interest rates and recession fears weigh U.S. to begin purchases for strategic reserve LONDON, Dec 19 (Reuters) – Oil rose on Monday after tumbling by more than $2 a barrel in the previous session as optimism over the Chinese economy outweighed concern over a global recession. China, … Read more

Medical device makers drop products as EU law sows chaos

Medical device makers drop products as EU law sows chaos

LONDON, Dec 19 (Reuters) – Nicola Osypka’s German company has been selling medical devices used in surgery on newborn babies in Europe for decades, but new European Union rules have forced her to make tough decisions. Under the regulations designed to prevent another health scandal, such as the one in 2010 involving ruptured breast implants … Read more

Ukraine watchful of borders as Putin heads to Belarus

Ukraine watchful of borders as Putin heads to Belarus

Kyiv and surrounds under drone attack – governor Putin to meet ally Lukashenko in Minsk Russian troops in Belarus to conduct exercises – Interfax Kissinger says time approaching for negotiated peace KYIV, Dec 19 (Reuters) – President Volodymyr Zelenskiy said Ukraine was ready for all possible defence scenarios against Moscow and its ally Belarus, as … Read more

Pacifist Japan unveils biggest military build-up since World War Two

Pacifist Japan unveils biggest military build-up since World War Two

TOKYO, Dec 16 (Reuters) – Japan on Friday unveiled its biggest military build-up since World War Two with a $320 billion plan that will buy missiles capable of striking China and ready it for sustained conflict, as regional tensions and Russia’s Ukraine invasion stoke war fears. The sweeping, five-year plan, once unthinkable in pacifist Japan, … Read more