Adani loses Asia’s richest crown as inventory rout deepens to $84 billion

BENGALURU, Feb 1 (Reuters) – Shares in Indian tycoon Gautam Adani’s conglomerate plunged once more on Wednesday as a rout in his firms deepened to $84 billion within the wake of a U.S. short-seller report, with the billionaire additionally dropping his title as Asia’s richest individual. Wednesday’s inventory losses noticed Adani slip to fifteenth on … Read more

Insurers shun FTX-linked crypto corporations as contagion danger mounts

Dec 19 (Reuters) – Insurers are denying or limiting protection to purchasers with publicity to bankrupt crypto trade FTX, leaving digital forex merchants and exchanges uninsured for any losses from hacks, theft or lawsuits, a number of market contributors mentioned. Insurers had been already reluctant to underwrite asset and administrators and officers (D&O) safety insurance … Read more

Medibank says hacker accessed data of 9.7 million customers, refuses to pay ransom

Nov 7 (Reuters) – Medibank Private Ltd (MPL.AX), Australia’s biggest health insurer, on Monday said no ransom payment will be made to the criminal responsible for a recent data theft, wherein around 9.7 million current and former customers’ data was compromised. Highlighting findings of the firm’s investigation to date, Medibank confirmed that name, date of … Read more