InsuredlossesfromwildfiresragingthroughtheU.S.stateofCaliforniainOctoberhavehit3billionU.S.dollars,thestate'sinsurancedepartmentannouncedTuesday."Asshockingas3b
Toshiba'spresidentTuesdayapologised"sincerely"overthe$18-billionsaleofitsprizedmemorychipbusiness,asshareholdersdemandedanswersoverthedealseenaspivotaltothesurv
AnalyticsfirmCorelogic(CLGX.N)estimatestotalresidentialinsuredanduninsuredfloodlossfromHurricaneHarveyofbetween$25billionand$37billion,itsaidonFriday.Ofthat,aro
Amajor,globalcyberattackcouldtriggeranaverageof$53billionofeconomiclosses,afigureonparwithacatastrophicnaturaldisastersuchasU.S.SuperstormSandyin2012,Lloyd'sofL
Three people were killed and another two are missing after torrential rain hit many parts of China on Wednesday and Thursday.
Redundancies are inherently painful for those losing their jobs, their families and society at large, but for industries weighed down by overcapacity, it is a transition that could not happen soon enough.
South Korean companies facing actual bankruptcy after an abrupt shutdown of the once-jointly-run factory park with the Democratic People's Republic of Korea (DPRK) are struggling to cover potential losses estimated at hundreds of millions of U.S. dollars.
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