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Singapore’s Finance Firms to Train 80,000 Staff in AI Skills
Singapore’s major financial institutions pledged to train more than 80,000 local employees in AI skills as the country moves to cushion white-collar workers from potential job disruption. A pioneer batch of 23 banks, insurers and asset managers has committed to …
POSTED SEPTEMBER 25, 2026 5:10 AM |
Cybersecurity Stocks Are So Hot Investors Question Staying Power
Shares of cybersecurity companies have soared in recent months on bets that the threats posed by cutting-edge AI models will be a boon for their businesses. But some of the stocks have run up so much that investors are questioning …
POSTED SEPTEMBER 25, 2026 5:08 AM |
Catastrophe-Bondholders Bet Hurricane Polo Won’t Trigger Losses
Investors in a catastrophe bond targeting Mexico are betting they’ll be spared losses as Hurricane Polo looks set to avoid landfall as a dangerously destructive storm. “I’d never say never,” said Florian Steiger, chief executive of Zurich-based cat-bond manager Icosa …
POSTED SEPTEMBER 25, 2026 5:05 AM |
Saudi Oil Export Strategy Hits New Hurdle as Red Sea Insurance Costs Soar
The cost of insuring an oil tanker loaded from Saudi Arabia’s main Red Sea port has tripled in recent weeks, industry sources told Reuters, adding to the major crude producer’s struggles to find a viable channel for its exports. Saudi …
POSTED SEPTEMBER 25, 2026 5:02 AM |
Insurance Regulators Defend State-Led Model in Reply to Warren
The National Association of Insurance Commissioners defended its supervision of Wall Street’s influence over insurers and their bets on private credit, as the group seeks to dispel US Senator Elizabeth Warren’s doubts about potential regulatory gaps. In a letter Thursday …
POSTED SEPTEMBER 25, 2026 5:01 AM |
Southern California Edison Pushing for Wildfire Liability Deal Before Lawmakers Depart
Electric utility Southern California Edison is urging California lawmakers to hold a special session before year-end to consider limiting utilities’ exposure to future wildfire liabilities, CEO of parent company Edison International EIX.N Pedro Pizarro said this week. Electric utility infrastructure …
POSTED SEPTEMBER 25, 2026 5:00 AM |
Oracle Cites ‘Force Majeure’ on Controversial New Mexico Data Center
Oracle Corp. is moving to shield itself from racking up expenses on a massive data center being built in New Mexico, adding a fresh wrinkle to a project beset by opposition and regulatory setbacks. The technology giant sent the project’s …
POSTED SEPTEMBER 25, 2026 5:00 AM |
Insurance Agent Who Exploited Minority Customers Sentenced to 3 Years in Prison
A former Delaware insurance agent has been ordered to serve three years in prison after pleading guilty to three counts of felony theft involving the misappropriation of clients’ funds, the Delaware Department of Insurance (DOI) reported. Zenaida Nieves-Cordero was also …
POSTED SEPTEMBER 25, 2026 5:00 AM |
New York Sues Polymarket, Says It Ran Illegal Gambling Operation
New York’s attorney general sued Polymarket on Thursday, escalating her battle against prediction markets, an industry that she says violates state laws against illegal gambling. Attorney General Letitia James filed her petition nearly two months after bringing a similar case …
POSTED SEPTEMBER 24, 2026 6:00 PM |
Texas Woman Pleads Guilty to Setting House on Fire
A Wharton County, Texas woman pleaded guilty to setting a house fire in July and was sentenced to 10 years deferred adjudication, the Texas State Fire Marshall Office announced. The Wharton County Sheriff’s Office arrested Rylie Bean in February at …
POSTED SEPTEMBER 24, 2026 4:52 PM |
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