Abandoning zero-COVID policy in China without safeguards puts 1.5 million lives at risk – study

A delivery man standing on a scooter looks over barriers in a closed residential area during the lockdown, amid the coronavirus disease (COVID-19) pandemic, in Shanghai, China May 9, 2022. REUTERS/Aly song Join now for FREE unlimited access to Reuters.com Register Safeguards include strengthening vaccinations, access to health care “Zero-COVID” stance key to defeating virus … Read more

Analysis: Aircraft lessors prepare to fight insurers over Russian plane default

Passenger planes of Aeroflot – Russian Airlines are parked at Sheremetyevo International Airport in Moscow, Russia March 12, 2022. REUTERS/Marina Lystseva Join now for FREE unlimited access to Reuters.com Register Major landlord promises ‘vigorous’ pursuit of claims Legal expert says results could be unpredictable Soaring insurance rates ‘are not a pretty sight’ Lessors keep in … Read more

Explanation: Can companies leaving Russia recover their losses through insurance?

March 23 (Reuters) – Hundreds of companies said they were pulling out or suspending operations in Russia after it invaded Ukraine, by energy producer Shell Plc (SHELL) to car manufacturer Hyundai Motor Co (005380.KS) to PwC, a global professional services firm. Here’s a look at how insurance and international arbitration could soften the blow to … Read more

Google faces internal battle over AI research to speed up chip design

The Google app logo is seen on a smartphone in this illustration taken September 15, 2017. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register OAKLAND, Calif., May 2 (Reuters) – Alphabet Inc’s (GOOGL.O) Google said on Monday it had recently fired a senior engineering manager after colleagues, whose landmark research on artificial … Read more

Carlos Ghosn “surprised” by the French international arrest warrant

Fugitive former car executive Carlos Ghosn gestures before an interview with Reuters in Beirut, Lebanon June 14, 2021. REUTERS/Mohamed Azakir Join now for FREE unlimited access to Reuters.com Register Ghosn has always denied wrongdoing Flee from Japan to Lebanon at the end of 2019 Ghosn had escaped in a box aboard a private jet PARIS, … Read more

CEO leads electric truck startup Rivian through supply chain twilight zone

NORMAL, Ill., April 18 (Reuters) – Rivian Automotive Inc (RIVN.O) CEO RJ Scaringe needs to sell a lot more electric vans and pickups to drive the stock price higher and fund his ambitious long-term growth plans, but the startup is struggling to buy the parts to build them. Scaringe can’t get all the semiconductors Rivian … Read more

Indian Life Insurance Corp files $8 billion IPO documents

Planned stake sale would eclipse Paytm’s record $2.5 billion IPO LIC’s offer crucial to government’s privatization goal The company manages over $500 billion in assets NEW DELHI, Feb 13 (Reuters) – The state-run Life Insurance Corporation of India (LIC) has filed draft documents with the market regulator to sell 5% of its shares to raise … Read more

EXCLUSIVE AIG plans to cut insurance for Russia and Ukraine – sources

The AIG logo is seen at its building in New York’s Financial District March 19, 2015. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register LONDON, April 8 (Reuters) – AIG (AIG.N)one of the world’s largest commercial insurers is considering reducing coverage for Russia and Ukraine, to protect itself from the risk of … Read more

Maldives shelters sanctioned yachts of Russian billionaires

Maldives will not actively pursue yacht seizures – sources Fears impact of Russian sanctions on tourism industry – sources “Fantastic” to think that the yachts will be confiscated MALE, April 7 (Reuters) – A day after coal and fertilizer billionaire Andrey Melnichenko was placed on the European Union’s sanctions list on March 9, his superyacht … Read more

Fed officials will take Cleaver on the balance sheet; “lots” of significant rate hikes

April 6 (Reuters) – Federal Reserve officials “broadly agreed” in March to cut central bank assets by up to $95 billion a month as another tool in the fight against soaring inflation , even as the war in Ukraine has tempered early American interest. rate increase. Minutes from the March 15-16 Fed meeting showed growing … Read more