Chinese plane aborts takeoff and catches fire, causing minor injuries during evacuation

Rescue workers are seen at the site where a Tibet Airlines Airbus A319 plane caught fire after an aborted takeoff, at Chongqing Jiangbei International Airport in Chongqing, China May 12, 2022. cnsphoto via REUTERS Join now for FREE unlimited access to Reuters.com Register BEIJING, May 12 (Reuters) – China’s Tibet Airlines said all passengers and … Read more

Hong Kong police release Catholic cardinal arrested on national security charges

HONG KONG, May 11 (Reuters) – Cardinal Joseph Zen, one of Asia’s top Catholic clerics, and three other people who helped run a now disbanded fund for protesters in Hong Kong have been arrested for “collusion with foreign forces”. , then released on bail. Zen, a 90-year-old former Hong Kong bishop, was interrogated for several … Read more

Shipping insurance costs across the Black Sea are skyrocketing

LONDON, Feb 25 (Reuters) – Insurers have raised the cost of cover for merchant ships crossing the Black Sea, adding to soaring freight rates in the region for vessels still ready to sail after the invasion of Ukraine by Russia. Shipowners pay war risk insurance annually as well as an additional “infraction” premium when entering … 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

EXCLUSIVE Tesla halts most production at Shanghai factory, sales plummet in April

Chinese-made Tesla Model 3 vehicles are seen during a delivery event at the carmaker’s factory in Shanghai, China January 7, 2020. REUTERS/Aly Song Join now for FREE unlimited access to Reuters.com Register Plant will produce less than 200 cars on Tuesday – memo Factory halted work due to supply issues – sources China’s COVID policies … 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

Air France-KLM beats earnings forecasts as summer bookings take off

The first Air France airliner’s Airbus A350 takes off after a ceremony at the aircraft builder’s headquarters in Colomiers near Toulouse, France, September 27, 2019. REUTERS/Regis Duvignau Register now for FREE unlimited access to Reuters.com Register PARIS, May 5 (Reuters) – Air France-KLM (AIRF.PA) posted a first-quarter core profit that landed ahead of its own … Read more

Hong Kong eases COVID rules for crew, lifts overseas travel alert

A Cathay Pacific plane takes off at the airport, during the coronavirus disease (COVID-19) pandemic in Hong Kong, China March 31, 2022. REUTERS/Tyrone Siu/File Photo Join now for FREE unlimited access to Reuters.com Register HONG KONG, April 29 (Reuters) – Hong Kong will shorten mandatory hotel quarantine for passenger crews to three days from seven, … Read more

Expats flee as Shanghai’s COVID lockdown drags on

SHANGHAI, April 29 (Reuters) – Shanghai’s harsh COVID-19 lockdown is pushing dozens of foreign residents to flee the mall, shaking the appeal of mainland China’s most cosmopolitan city and prompting others to rethink their future in the metropolis. Although no official statistics are available for departures in recent weeks, pet movers, real estate agents and … Read more

Launch into space? Not so fast. Insurers balk at new coverage

September 1 (Reuters) – An ever-growing amount of space debris threatens satellites hovering around Earth, making insurers reluctant to offer cover to devices that transmit text, maps, video and scientific data , said industry sources. Thousands of new satellites are being launched into areas where orbital trash has been piling up since the first space … Read more