Autor: Jane Austen

ICA declares significant event for northern Queensland floods February 2 2025 by Kristina Shperlik The Insurance Council of Australia (ICA) has declared a ‘significant event’ for northern Queensland impacted by significant storm and flooding over the past few days, according to a press release on … To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription. Your company may already have a corporate license in place. Already a Subscriber? Please Login MORE FROM: Catastrophe 30 years after Kobe earthquake, Japan seeks to improve data amid ‘megaquake’ warning Space agency signs…

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: Talk about not showing your full Trump financial model to investors. Earnings season is well underway and, by and large, things are going pretty well. About 81% of S&P 500 companies have beaten analyst earnings estimates, according to data from MacroMicro. The biggest beats relative to consensus are coming from the materials, real estate, financials, and tech sectors. So far the energy and healthcare sectors have left much to be desired. «Magnificent Seven» components have shown good results,…

(Bloomberg) — US Securities Exchange Commission staff have been told to seek permission from leadership before formally starting probes, Reuters reported, citing people briefed on the matter who weren’t identified. Most Read from Bloomberg The change, which marked a move away from recent norms, was made since since President Donald Trump took office on Jan. 20, the people told Reuters. The news service didn’t determine who ordered the change or whether the Commission had formally voted on it. Enforcement staff can still informally investigate, according to the report. Formal orders are needed to issue subpoenas for testimony or documents, the…

By Nikunj Ohri (Reuters) – India is reviewing its stance on cryptocurrencies due to shifting attitudes towards the virtual asset in other countries, a senior government official told Reuters on Sunday. The review, which follows crypto-friendly policy announcements by U.S. President Donald Trump, could further delay publication of a discussion paper on cryptocurrencies that was due for release in September 2024. «More than one or two jurisdictions have changed their stance towards cryptocurrency in terms of the usage, their acceptance, where do they see the importance of crypto assets. In that stride, we are having a look at the discussion…

Getty Images; Jenny Chang-Rodriguez/BI China’s DeepSeek Al shocked Wall Street this week, sparking a large decline in Nvidia and other tech stocks. The episode highlights the dangers of market concentration and impacts everything from bonds to crypto. Here are five lessons for investors to take away from the DeepSeek-fueled crash. A new AI model from China rattled US markets this past week. DeepSeek represented a breakthrough for the AI industry, delivering results on par with OpenAI’s best model while using significantly less computing power. The implications have been substantial. Nvidia stock shed nearly $600 billion in market value in a…

Google Pixel 9a has been spotted on another certification website, in a sign that its debut could be right around the corner. The company is said to be planning the launch of a midrange smartphone equipped with its Tensor G4 chip. We can also expect the Pixel 9a to run on Android 15 out-of-the-box — it might debut before the arrival of Android 16, which is scheduled to release by the end of Q2 2025. The successor to the Pixel 8a is also expected to pack a 5,100mAh battery.Google Pixel 9a Model Number, Android Version (Expected)The upcoming Google Pixel 9a…

By Dhwani Pandya MUMBAI (Reuters) – Reliance Retail has launched an app in India to sell fashionwear from China’s Shein under a licensing deal, almost five years since Shein’s app was banned in the country after getting caught up in a diplomatic tussle. Reliance, owned by billionaire Mukesh Ambani, launched the app on Saturday morning, said a person with direct knowledge of Reliance’s launch plans. The firm did not announce the launch. Neither parent Reliance Industries nor Shein responded to requests for comment outside of business hours. The Shein India Fast Fashion app represents a departure from Reliance’s strategy of…

The Federal Reserve cut its target rate three times in 2024. So deposit rates — including money market account (MMA) rates — have started falling. It’s more important than ever to compare MMA rates and ensure you earn as much as possible on your balance. The national average money market account rate stands at 0.64%, according to the FDIC. Even so, some of the top accounts are currently offering rates of 4% APY and up. Since these rates may not be around much longer, consider opening a money market account now to take advantage of today’s high rates. Here’s a…

By Suzanne McGee NEW YORK (Reuters) – Investors are bracing for a looming hit to U.S. corporate profits and pressure on inflation after President Donald Trump on Saturday signed an executive order imposing tariffs on its largest trading partners, with markets seen as not having fully factored in risks from higher levies on foreign imports. The president’s executive order imposes a 25% tariff on goods entering the country from Mexico and Canada and 10% on imports from China, with what the White House described as «tentative plans» for these to come into effect on Tuesday at 12:01 a.m. ET. On…

A newly detected asteroid, named 2024 YR4, has been observed by NASA scientists, carrying a 1.2 percent probability of colliding with Earth on December 22, 2032. The asteroid, estimated to be around 55 metres in diameter, has been tracked since its discovery on December 27, 2024, through the Asteroid Terrestrial-impact Last Alert System. While the likelihood of impact remains low, experts indicate that if the object were to strike Earth, it could generate an explosion equivalent to eight megatons of TNT—over 500 times the power of the Hiroshima bomb—posing a serious threat to urban areas. Several close approaches to Earth…