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Bitcoin rally shines spotlight on investor risks
Bitcoin rally shines spotlight on investor risks
Technology
by  AFP

A much-anticipated US approval of wider bitcoin trading has helped the world's biggest cryptocurrency reach 20-month heights, risking however pain for new investors unaccustomed to its volatility. Bitcoin this week reached above $44,000 for the first time since April last year, yet still remains far from a record-peak of almost $69,000 in 2021.

Insured disaster losses to again top $100 bn: Swiss Re
Insured disaster losses to again top $100 bn: Swiss Re
Economy
by  AFP

Insured losses from natural catastrophes will pass the $100-billion threshold for the fourth year running in 2023, reinsurance giant Swiss Re said Thursday. Insured losses from severe thunderstorms reached an all-time high of $60 billion in 2023, while the February earthquake in Turkey and Syria was the costliest natural catastrophe to date for the year, it said.