Amazon’s cloud-computing facilities in the Middle East faced power and connectivity issues on Monday after unidentified “objects” struck its data center in the United Arab Emirates. The objects had triggered a fire on Sunday that forced authorities to eventually cut …

Insurers in Australia are urging legislators to set up a A$30 billion ($21.4 billion) flood defense fund as the nation grapples with surging costs from extreme weather events. Funding would be used on tasks including the addition of more flood-protection …

Hedge funds, banks and insurers rushed to size up their exposure to the Middle East after weekend attacks on Iran fueled chaos across the region. Some of Taiwan’s largest life insurers, including Cathay Life Insurance Co. and Nan Shan Life …

Travel chaos extended through the Middle East and beyond, sending airline stocks sharply lower on Monday, as carriers across the Persian Gulf extended blanket flight suspensions, causing major disruptions at some of the world’s busiest airports. Emirates, the world’s largest …

Dozens of laden oil tankers are hunkering down inside the Persian Gulf after attacks near the Strait of Hormuz have all but closed off the waterway, upending regional logistics, slowing exports and threatening near-term production. At least 40 very-large crude …

Belgium seized an oil tanker belonging to the Russian shadow fleet on Sunday and suspected of sailing with a “false flag and false documents,” Belgian Defence Minister Theo Francken said. Western sanctions imposed on Russia for invading Ukraine and aimed …

Marine insurers are canceling war risk coverage for vessels and oil shipping rates are set to surge further after the widening Iran conflict left at least three tankers damaged, a seafarer killed and 150 ships stranded around the Strait of …

Despite fewer securities class action settlements, the median settlement amount reached its highest level in nearly three decades last year, according to Cornerstone Research. The median settlement was $17.3 million in 2025—marking a 20% increase from the previous year and …

FedEx was sued in federal court on Friday on behalf of customers seeking refunds from the global shipping company after the U.S. Supreme Court ruled this month that President Donald Trump unlawfully imposed billions of dollars in emergency tariffs on …

Tampa-based Baldwin Insurance Group, Inc. (BWIN) reported a loss of $25.9 million in its fourth quarter, the second quarter for significant red ink. On a per-share basis, the Tampa, Florida-based company said it had a loss of 37 cents. Earnings, …

The Delaware Supreme Court upheld the constitutionality of an overhaul of state law that governs most major US corporations and was fueled by Elon Musk, handing a win to company founders, insiders and private equity owners who sought less restrictive …

A federal judge in Texas has ruled that ExxonMobil can bring a defamation lawsuit against California’s attorney general over comments about the company’s plastic recycling efforts. U.S. District Judge Michael J. Truncale in the Eastern District of Texas said in …

Bird flu has wiped out 7.4 million chickens in Pennsylvania in the past month, a swift and devastating loss that veterinarians and industry members suspect may be linked to an unusually cold winter. Infections of flocks raised to produce eggs …

Aspire today announced it has acquired California-based PolicyOne from One Inc. As part of the transaction, 21 PolicyOne employees are joining Aspire. Aspire plans to continue its long-standing relationship with One Inc. through the use of their PremiumPay and ClaimsPay …

Berkshire Hathaway Inc. Chief Executive Officer Greg Abel vowed to keep Warren Buffett’s guiding principles intact and sought to reassure investors that the company would outlast the legendary executive. Abel began his inaugural letter to shareholders, published on Saturday as …

Britain’s government on Friday appointed a former regulator and current Barclays BARC.L executive, Katharine Braddick, as the Bank of England’s next deputy governor for prudential regulation to try to boost sluggish economic growth. Last year, finance minister Rachel Reeves criticized …

State Farm will issue dividends to Louisiana drivers totaling $136 million following stronger than expected underwriting performances nationally. State Farm, which writes approximately 30% of the personal auto insurance market in Louisiana, will send the dividend to policyholders this summer, …

Higginbotham announced it has acquired Monarch Solutions Inc., a firm that supports high-net-worth individuals with insurance related strategies that are intended to provide tax savings and estate liquidity. Monarch founder and now Higginbotham Managing Director Kevin Klaas will be based …

OpenAI said it banned accounts linked to Chinese law enforcement, romance scammers and influence operations, including a smear campaign against Japan’s first woman prime minister, in a report detailing the misuse of its ChatGPT technology. The company said several accounts …

A fire at an Ohio hog farm complex killed about 6,000 pigs and unleashed a large plume of smoke that could be seen for miles across the rural landscape, an official said. Multiple fire departments responded amid sustained winds of …