Catastrophe losses double at Travelers as insurance industry and more regions absorb severe weather
Travelers, considered a bellwether for the insurance industry due to its size, said catastrophe losses doubled in its most recent quarter and the company swung to a loss as severe wind and hail storms in a number of regions led to rising coverage claims
2023-07-21 00:27
Public funding for King Charles III and royals has been recalculated due to windfarm deal profits
The U.K. Treasury says the amount of public funding for King Charles III and the royal family’s official duties has been recalculated for next year because of an unexpected profit boost from offshore wind farms on the monarch’s Crown Estate
2023-07-20 23:18
Your paycheck could clear faster now that the FedNow instant payment service for banks has launched
The Federal Reserve has launched a new instant payment service that allows banks and credit unions to sign up to send real-time payments so they can offer customers a quicker way to send money between banks
2023-07-20 22:57
George Soros' Open Society Foundations plan to limit their grantmaking until February
Open Society Foundations said Wednesday that they plan to limit new grantmaking until February, as the nonprofits transition to a new operating model
2023-07-20 22:49
Russia's Wagner mercenaries launch joint training with Belarusian military near Poland's border
Mercenaries from Russia’s military company Wagner have launched joint drills with the Belarusian military almost a month after their short-lived rebellion
2023-07-20 22:29
American Airlines rides travel boom to $1.3 billion profit in the second quarter as fuel prices drop
American Airlines reported a $1.3 billion profit for the second quarter, continuing the run of strong results from the nation's airlines
2023-07-20 22:17
US jobless claims fall again as labor market continues to flash strength
Fewer Americans applied for unemployment benefits last week as the labor market continues to show fortitude in the face of higher interest rates
2023-07-20 20:59
Turkey hikes interest rates in another sign of economic normalcy. But markets expected more
Turkey’s central bank has raised its key interest rate in another sign of commitment to a traditional path of battling inflation
2023-07-20 20:18
Kenya police are told not to report deaths during protests. A watchdog says they killed 6 this week
Police in Kenya say they have been ordered not to report deaths amid demonstrations against the rising cost of living
2023-07-20 19:21
Russia's Wagner mercenaries launch joint training with Belarusian military near Polish border
Mercenaries from Russia’s military company Wagner have launched joint drills with the Belarusian military near the border with Poland following their relocation to Belarus after their short-lived rebellion
2023-07-20 18:53
RFK Jr. will testify at a House hearing over online censorship as the GOP elevates Biden's rival
House Republicans will delve into claims of government censorship of online speech in a public hearing
2023-07-20 18:52
China doesn’t want a trade war with the US but will retaliate against further curbs, ambassador says
China's ambassador to the United States says it does not want a trade war but will retaliate against any further U.S. restrictions on technology and trade
2023-07-20 18:16