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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.

Unilever eyes ice cream float in Amsterdam
Unilever eyes ice cream float in Amsterdam
Economy
by  AFP

British consumer goods giant Unilever is mulling an Amsterdam stock market flotation for its ice cream division, whose top-selling products include Ben & Jerry's and Magnum, according to CEO Hein Schumacher. "As a company, we are now listed in London, the largest market for ice cream is the United States and we currently run the ice cream division from the Netherlands."