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KatRisk, a leading provider of catastrophic risk modelling software for the insurance and financial services industries, has acquired Gamma in a move to expand its risk analytics capabilities and strengthen its global presence.The acquisition will see Gamma’s geospatial and property-level visualisation capabilities integrated into KatRisk’s advanced catastrophe modelling tools.While the value of the deal has not been disclosed, it is positioned as a strategic move to expand KatRisk’s product suite and strengthen its global footprint.Gamma’s Perilfinder™ platform, developed with leading global insurers, will enhance KatRisk’s offerings by enabling insurers to visualise risks—such as flood, wind, and wildfire—at the property level.…

Fastmarkets, a leading price-reporting agency and provider of market intelligence for the metals, forest products and agriculture sectors, has launched a new carbon intelligence product to support the growing need for effective decarbonisation strategies across commodity markets.As international decarbonisation targets become more urgent and regulatory frameworks such as the EU’s Carbon Border Adjustment Mechanism (CBAM) take effect, businesses are under increasing pressure to understand and manage their carbon exposure. In response, Fastmarkets has introduced a new carbon offering designed to meet the evolving regulatory and market challenges tied to climate action.With deep-rooted expertise in global commodity markets, Fastmarkets delivers price…

The HKMA has officially launched the 2025 Green FinTech Competition, a global initiative aimed at catalysing innovation at the intersection of finance and sustainability.Organised in collaboration with the Hong Kong Institute of Bankers and supported by several prominent institutions including the Institute of Sustainability and Technology, Hong Kong Cyberport, Hong Kong Science and Technology Parks, and Invest Hong Kong, the competition is a central pillar of the HKMA’s broader strategy to bolster Hong Kong’s position as a hub for green FinTech.This year’s competition will focus on five key themes that underscore pressing challenges and emerging opportunities within the financial sector:…

WASHINGTON (AP) — President Donald Trump’s administration is cutting another $450 million in grants to Harvard University a day after the Ivy League school pushed back against government allegations that it’s a hotbed of liberalism and antisemitism.In a letter to Harvard on Tuesday, a federal antisemitism task force said Harvard will lose grants from eight federal agencies in addition to $2.2 billion that was previously frozen by the Trump administration.The letter said Harvard has become a “breeding ground for virtue signaling and discrimination” and faces a “steep, uphill battle” to reclaim its legacy as a place of academic excellence.“There is…

WASHINGTON (AP) — President Donald Trump’s administration is cutting another $450 million in grants to Harvard University a day after the Ivy League school pushed back against government allegations that it’s a hotbed of liberalism and antisemitism.In a letter to Harvard on Tuesday, a federal antisemitism task force said Harvard will lose grants from eight federal agencies in addition to $2.2 billion that was previously frozen by the Trump administration.The letter said Harvard has become a “breeding ground for virtue signaling and discrimination” and faces a “steep, uphill battle” to reclaim its legacy as a place of academic excellence.“There is…

Willis, a WTW business, a leading global advisory, broking and solutions company, has announced the launch of FinTech Plus, an innovative insurance solution designed to meet the evolving needs of FinTech firms across the world.The release of FinTech Plus addresses the growing regulatory complexity and cyber threats faced by scaling FinTech firms. Designed to simplify the insurance process, it unifies financial and cyber protections under a single proposal form and wording. Built with flexibility in mind, the solution supports FinTechs at all growth stages and is backed by Lloyd’s syndicates and agile London-based insurers. Developed collaboratively by Willis teams in…

The European Central Bank (ECB) has issued a sharp warning over the European Commission’s proposed amendments to sustainability reporting laws, raising concerns that removing 80% of companies from the Corporate Sustainability Reporting Directive (CSRD) could undermine financial stability and hamper progress toward the EU’s climate goals.According to ESG Today, in a newly released opinion, the ECB acknowledged the Commission’s goal of reducing regulatory burdens through its Omnibus I package but said the planned changes would significantly limit the availability of critical environmental, social and governance (ESG) data.Among the most controversial proposals is the revision of the CSRD’s coverage threshold, lifting…

UK retailer Marks & Spencer (M&S) on Tuesday revealed that customer information was stolen in a disruptive cyberattack that occurred over the Easter holiday. The incident forced the retail giant to suspend online purchases, which remain unavailable. The attack was claimed by the DragonForce ransomware group, which also targeted Co-op and Harrods. “Today, we are writing to customers informing them that due to the sophisticated nature of the incident, some of their personal customer data has been taken,” M&S says in a fresh filing with the London Stock Exchange. The compromised information includes names, addresses, email addresses, phone numbers, dates…

Pakistani all-rounder Shoaib Malik announced his resignation from the role of Domestic Cricket Mentor today through a social media post on X. He submitted his formal resignation to the Pakistan Cricket Board two weeks ago, saying he believed it was “time to move on” to ensure fairness and pay attention to multiple personal and professional responsibilities in his life. “This was not an easy choice, but after reflecting on my commitments, I realised that juggling multiple responsibilities would prevent me from giving my best — both to Pakistan cricket and to my other professional and personal priorities,” he wrote in…

NEW YORK (AP) — You can’t keep Stanley Tucci from his beloved Italy just like you can’t keep cheese from lasagna.The Golden Globe- and Emmy-winning actor is once again elegantly roaming through the land of his heritage in National Geographic’s new food-travel series “Tucci in Italy,” less than three years after a similar show was axed.“I think that visually it’s more interesting this time around, and I think that we try to go more in depth into the stories as much as you can, given the format,” he says.Tucci goes from a three-Michelin-star restaurant in Milan where the staff grow…