On March 16, Latitude Holdings, a digital payments and lending company based in Melbourne, Australia, experienced a large-scale information theft that resulted in the theft of almost 8 million driver’s license numbers from Australia and New Zealand. Additionally, roughly 53,000 passport numbers and less than 100 monthly financial statements belonging to customers were stolen. The…
Marsh McLennan India will have a new CEO starting April 1 as current Marsh India CEO Sanjay Kedia takes over the role. This new role will see Kedia leading a new collaborative effort from India at the intersections of the firm’s four businesses: Mercer, Marsh, Oliver Wyman, and Guy Carpenter. According to the…
Bancassurance major growth driver for Cambodian insurance – regulator Bancassurance is playing a key role in driving the growth of the Cambodian insurance market as it accounted for 40% of total sales in 2022, according to Insurance Regulation of Cambodia (IRC) director general Bou Chanphirou. The sector’s gross insurance premium reached more than $330…
IMF Managing Director Kristalina Georgieva delivered a speech at the China Development Forum in Beijing, calling for greater vigilance over the global financial system. She highlighted the increased risks to financial stability, citing the recent banking crisis, and the need for continued collaboration among major central banks to ease market stress. While acknowledging the uncertainty…
Rep Ro Khanna (D-Fremont) announced Sunday that he will co-chair Rep. Barbara Lee’s campaign for U.S. Senate. The Los Angeles Times is reporting that Khanna, who has been urged by allies of Sen. Bernie Sanders (I-Vt.) to consider a run at the presidency, had spent months considering a potential bid to succeed retiring California…
Immigration policies in the US are taking a new dimension with top Democrats warning President Joe Biden not to start detaining immigrants within family houses. The Los Angeles Times is reporting that some top democrats have warned President Biden against restarting the controversial practice of detaining migrant families who cross the U.S. southern border…
A study of nearly 300 ancient Scandinavian genomes reveals sources of Vikings’ genetic ancestry. Some DNA samples were obtained from human remains in the wreckage of a warship that sank off Sweden in 1676. The Wall Street Journal is reporting that Bones and teeth of ancient Scandinavians excavated from burials, a sunken warship and…
The relationship between Ambrey International, a global maritime security firm, and its Nigerian partners may be on the brink of collapse, with mounting allegations of breach of trust and unpaid debts. Ambrey International is known for providing maritime security to international shipping companies across West Africa and has a presence in several West African countries….
The recent banking meltdown and collapse of Silicon Valley Bank have led to investors seeking more stable alternatives, and money market funds have seen an influx of cash as a result. These funds invest in short-term securities like government bonds and commercial debt, and aim to provide investors with a stable investment option that offers…
Lebanon, a country already struggling with a severe economic crisis, is now facing the possibility of having two different timezones. The government has postponed the winter clock changes and will introduce Daylight Saving from midnight on April 20 instead of March 25. Although no official reason has been given for the move, some local media…
