Norway threatens to ration electricity in fresh blow for UK energy supplies

UK Norway hydropower North Sea interconnector energy crisis Putin The UK is facing a mounting risk of energy shortages this winter after Norway set out plans to ration electricity exports. Norway said it will focus on refilling dams to preserve its low reserves of hydropower ahead of power production when levels fall below seasonal averages, … Read more

Govt to decide on re-initiating BPCL sale after reviewing situation: FinMin

The government will decide on re-initiating the process of BPCL strategic sale based on a review of the situation in due course, Parliament was informed on Monday. In a written reply to the Lok Sabha, Minister of State for Finance Bhagwat Kishanrao Karad said the COVID pandemic, energy transition … Read more

Coverhero launches new API, eyes US – Insurtech – Insurance News

Insurtech Coverhero has launched a new Application Programming Interface (API), is creating partnerships with marketplaces for an embedded insurance model and expects to launch in North America next year. Sydney-based Coverhero targets gig economy workers with its income protection product HustleCover. It was a finalist in the Excellence in Insurtech category at the FinTech Australia … Read more

FCA appoints ex-diplomat as director of international

The Financial Conduct Authority (FCA) has appointed former British Ambassador to Kosovo Ruairi O’Connell OBE as its director of international. O’Connell has extensive experience in both the Foreign Office and the Home Office where he is currently director, international. He joined the Home Office in 2020. His remits at the FCA include helping to shape … Read more

Berkshire Hathaway Posts $43.8 Billion Loss as Stock Holdings Tumble

New You can now listen to Insurance Journal articles! The slide in U.S. stock prices punished Berkshire Hathaway Inc’s bottom line in the second quarter, as the conglomerate run by billionaire Warren Buffett on Saturday reported a $43.8 billion loss. Berkshire nevertheless generated nearly $9.3 billion of operating profit, as gains from reinsurance and the … Read more

Equity mutual fund inflows record 42% drop in July, shows AMFI data

As Nifty recovered by nine per cent in July, net inflows in equity mutual funds dropped 42.6 per cent month-on-month to Rs 8,898.25 crore. In June, when the Nifty hit a record 52-week low, inflows in equity MFs were at Rs 15,497.76 crore, according to the data released by the Association of Mutual Funds in … Read more

Amit Shah terms Murmu’s election as President as ‘acche din’ for Odisha

Terming the election of Droupadi Murmu as India’s President as Odisha’s “acche din”, Union Home minister Amit Shah on Monday said it was proud moment in the nation’s history that a tribal woman has risen to occupy the highest constitutional office. Addressing an event, Shaha daughter of Odisha’s soil Murmu was now … Read more

Zillow partners with Opendoor to create a homebuying app

“Zillow is the most visited brand in online real estate. As we bring the super housing app to life, we’re empowering our millions of visitors to understand all of their options and transact in the way that best meets their housing needs,” said Jeremy Wacksman, chief operating officer of Zillow. “We know choice is important … Read more

CLVS stock drops amid funding constraints as demand for cancer agent falls (NASDAQ:CLVS)

CharlieAJA/iStock via Getty Images The shares of commercial stage biotech Clovis Oncology, Inc. (NASDAQ:CLVS) fell ~15% in the pre-market Monday after the company highlighted the need to raise additional capital following a sales decline for its anti-cancer medication Rubraca in 2Q 2022. The company reported $32.1M of global net product revenue for the period, which … Read more

5G mobile services likely to be rolled out in about a month: MoS Telecom

The long-awaited high-speed 5G services are expected to be rolled out in about a month, Minister of State for Telecom Devusinh Chauhan said on Monday. Addressing the inaugural event of the International Telecommunication Union’s Regional Standardisation Forum (RSF) for Asia and Oceania region, Chauhan said India is likely to … Read more