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Swiss Re warns insured disaster losses could double in a decade
Swiss Re warns insured disaster losses could double in a decade
Economy
by  AFP

Insured property losses could double in the coming decade due to climate change and more frequent and more intense severe weather events, reinsurance giant Swiss Re warned Tuesday. Swiss Re estimates that insured losses "could double within the next 10 years as temperatures rise and extreme weather events become more frequent and intense".

Chinese EV giant BYD announces record annual profit for 2023
Chinese EV giant BYD announces record annual profit for 2023
Economy
by  AFP

Chinese battery and automotive giant BYD achieved a record profit in 2023, annual results showed Tuesday, despite fierce competition in the country as demand for electric vehicles grows. As BYD continues to perform well in the competitive Chinese market, it is now expanding abroad.