Hurricane Ian was billed as the third-costliest US hurricane on a 43-year record, costing US$112.9 billion. Read more at straitstimes.com.
exceeding US$1 billion each in losses, making 2022 the third-costliest year in records spanning more than four decades, a federal report showed on Tuesday.
The centres counted six severe storms, three tropical cyclones, three hail events, two tornadoes and one each for drought, flood, winter storm, and wildfire events in 2022, resulting in the deaths of 474 people. “Another area of positive news was the California wildfire season which saw minimal loss and relatively few large fires causing insured loss the current rain is short-term good news, but will no doubt raise the future wildfire risk with fine fuel growth once the rains stop,” Mr Siffert added.Loss-and-Damages fund
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China issues second set of 2023 oil import quotas, up from 2022SINGAPORE : China issued a second batch of 2023 crude oil import quotas, according to two sources with knowledge of the matter and documents reviewed by Reuters on Monday, raising the total for this year by 20 per cent compared to the same time last year. According to the document from the Ministry of Com
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China creates 12.06 million new urban jobs in 2022 - state mediaBEIJING : China created 12.06 million new urban jobs in 2022, achieving the government's annual target despite the COVID hit to economic growth, state media Xinhua reported late Monday, citing the minister of human resources.That compared with the 12.69 million urban jobs created in 2021, 11.86 million in
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5 interesting takeaways from the rare property losses in Singapore's booming market in 20222022 was one of the hottest years on record for the property market. Housing supply was (and still is) at a critically low point, and prices rose across all segments despite cooling measures. It would seem as though sellers couldn’t take a bad step during 2022. This is why we thought it would be fascinating to see those who actually...
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Dalio's Bridgewater cements rank in 2022 as top foreign hedge fund in ChinaHONG KONG/SHANGHAI : Bridgewater has doubled its fund assets in China to more than 20 billion yuan ($2.93 billion) over the past year, according to two sources and government data, a feat that cements its position as the biggest foreign hedge fund in the country.The jump was aided by Bridgewater China's r
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US climate emissions rose 1.3 per cent in 2022 but trailed economic growthThe report is based on preliminary economic and energy data from the US government that will be finalised later this year. Read more at straitstimes.com.
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More than $500,000 lost to vehicle-related scams since December 2022At least 317 victims have lost about $557,000 since December 2022 to phishing scams involving unpaid vehicle-related bills or fines, the police said on Tuesday. Fraudsters would send text messages purportedly from the Land Transport Authority (LTA) to victims to notify them...
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