Hurricane Ida Could Cost Insurers $30 Billion
The damage caused by Hurricane Ida in the southern United States in August could cost insurers as much as $30 billion, or $26 billion. That is according to the Swiss reinsurer Swiss Re. In addition, Ida caused extensive damage from strong winds and flooding in parts of the US.
Qatar to Build Four New Tankers for Transporting Natural Gas
Qatar has placed an order with a Chinese shipbuilder for four new tankers to transport liquefied natural gas (LNG). Qatar wants to respond to the strong demand for its natural gas. The Gulf State is the world’s largest exporter of LNG. The order from state-owned Qatar Petroleum has a
An Update Removes Kill Switch from PlayStation 4
The update makes the older game console less dependent on the PSN servers so that you can play games on it for longer. It seems that with the necessary care and maintenance, you will still be able to play your PS4 games well into the distant future. Earlier this
YouTube to Take Action Against All Anti-Vaccination Content
Video platform YouTube will take action against all videos that spread false information about vaccinations. The website has already acted against videos about corona vaccinations but is now broadening this to include vaccinations in general. YouTube reports in a statement that it often happens that incorrect information about corona
Order Receipt Chip Company ASMI Well Above Its Own Expectations
Order intake from Dutch chip supplier ASM International (ASMI) will be significantly higher in the third quarter than previously expected. ASMI said this in the run-up to its investor day when investors are updated about the strategy. In addition, ASMI announced that it wants to be climate neutral by
Long Coalition Talks in Germany Could Result in Merkel’s Record
The German elections have increased the chance that Angela Merkel will soon be able to call herself the longest-serving chancellor since the Second World War. The 67-year-old politician does not want a new term in office but will remain in office for a while until a new government can
EU and US Trade Summit in Pittsburgh to Continue Anyway
The planned trade summit between European member states and the United States, which is scheduled for next week in Pittsburgh, USA, will continue. The European Commission has been divided over participation in the consultations after France proposed postponing the summit. However, European Commission Vice-President Margrethe Vestager wrote on Twitter
Real Estate Giant Evergrande Skyrockets on Hong Kong Stock Exchange
Shares of ailing Chinese real estate group China Evergrande Group shot up Thursday. Investors in Hong Kong returned from a day off and were still processing the news that Evergrande would pay interest on some of its loans on time after all. Fears that China’s second-largest real estate developer,
Taxi Company Uber is Expected to be Close to A Profitable Business
Taxi company and meal delivery company Uber seems close to the moment when the American company is finally really profitable. In a new forecast, Uber anticipates that this could happen in the current third quarter for the first time since the IPO in 2019. That is earlier than previously
Melbourne Shuts Down Construction Sector After Violent Corona Protests
The construction sector in the Australian city of Melbourne will be at a standstill for the next two weeks. The regional authorities have decided to do so because of violent corona protests by construction workers, involving extremist groups, and poor compliance with the corona measures within the sector. In
