Estimates from Verisk Analytics, a risk modeling firm, suggest that the global insurance industry needs to be ready to cover average annual losses of $171 billion due to natural disasters. This potential insured loss assessment is the most substantial that Verisk has ever computed for such losses....

China's top three airlines, Air China, China Eastern Airlines, and China Southern Airlines, concluded the first half of the year with losses stemming from low domestic airfare and elevated fuel prices caused by the Middle Eastern conflict. Their total loss reached around 8.17 billion yuan ($1.2...

The push to create a new international defence bank reflects a problem that is becoming increasingly difficult for Western governments to ignore: raising defence budgets is one challenge, but converting that money into factories, weapons, technology and resilient supply chains is another. Canada is...

Icelandic voters have rejected a proposal to reopen negotiations on European Union membership, delivering a narrow but politically significant setback to the government’s effort to reconsider the country's long-standing position outside the bloc. With 52.8% voting against reopening negotiations and...

The United States is seeking to turn its increasingly contentious trade relationship with China into a broader campaign of coordinated pressure, with Treasury Secretary Scott Bessent urging G20 economies to reconsider their trade arrangements with Beijing. The objective, according to officials...

European central bankers are increasingly concerned that changes in the way Washington manages currencies, government debt and financial policy could make international economic coordination more difficult, according to officials familiar with discussions at the annual gathering of central bankers...

Oil prices rose more than 2% after the United States struck two Iranian launchers on Larak Island in the Strait of Hormuz, turning a military action aimed at protecting shipping into a fresh test of the global energy market’s ability to absorb another escalation. Brent crude moved above $90 a...

Iran's economic problems are becoming increasingly difficult to separate from the military conflict with the United States, as Washington intensifies sanctions while restrictions on Iranian shipping further disrupt the country's access to foreign trade. Iranian officials have acknowledged the...

The United States is moving toward a far deeper role in Venezuela's oil industry, with President Donald Trump announcing an agreement that would give American interests majority control over more than 65 billion barrels of the country's proven crude reserves. The announcement marks a significant...