Aspen Insurance, Starr Companies to Form Joint Europe Property Venture

Bermuda-based Aspen Insurance, the insurance segment of Aspen Insurance Holdings Limited, and Starr Companies announced that they have “signed a memorandum of understanding under which both parties will enter into a joint underwriting initiative to write international property insurance, with … Continue reading


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Ex-Daimler Engineer Files $2 Million Discrimination Suit in Oregon

An Egyptian-born engineer is the latest worker to sue Portland, Ore.-based Daimler Trucks North America. The Oregonian reported the former employee seeks $2 million, alleging his supervisor often called him “bin Laden” and suggested he was a member of al-Qaida … Continue reading


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Approval of New Orleans East Levees a Good Sign for Flood Insurance Rates

Levee officials say the Federal Emergency Management Agency has certified non-federal levees in New Orleans East, a step which should help spur economic development in a part of the city lagging in its comeback from Hurricane Katrina. FEMA officials certified … Continue reading


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Bottom Line: Gulf Oil Spill Isn’t an Environmental Disaster

In early March a 30,000-pound mat of oily gunk washed up on East Grand Terre, a barrier island in the mouth of Louisiana’s Barataria Bay. It was an ugly reminder of the blowout at BP’s Macondo well, a disaster that … Continue reading


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Police appeal to ‘Syria-bound’ family

A missing UK family of six could already be in Syria, police have said. Asif Malik, 31, Sara Kiran, 29, their daughter Zoha, seven, and three sons Essa, four, Zakariya, two, and Yhaya, one, were last seen on 7 April. … Continue reading


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UKIP accuses PM over migrant deaths

Mr Farage says Christians in Libya have “almost nowhere to go” … Continue Reading »


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Hamilton cruises to Bahrain win

By Andrew Benson Chief F1 writer Lewis Hamilton took a controlled win in the Bahrain Grand Prix as team-mate Nico Rosberg was beaten to second by Ferrari’s Kimi Raikkonen. Hamilton led from the start and was always in control as… … Continue reading


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Cameron wants Lloyds shares sell-off

Up to £4bn worth of Lloyds Bank shares will be offered to small investors at below-market prices if the Conservatives win the election, David Cameron has confirmed to the BBC. The offer would be part of the £9bn sale of … Continue reading


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Oil slide slashes first-quarter profit, not investment plans at Saudi’s SABIC

By Marwa Rashad and Reem Shamseddine RIYADH (Reuters) – Saudi Basic Industries Corp faces heavy pressure on its profits due to cheap oil but will keep investing globally to boost capacity in key areas, its acting chief executive said on … Continue reading


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Euro working group to meet Wednesday, deal still sought: Greek official

ATHENS (Reuters) – Euro zone deputy finance ministers will meet midweek ahead of a Eurogroup finance ministers’ gathering two days later, a Greek government official told Reuters, as Athens and its creditors continue to seek a deal on reforms to … Continue reading


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Another crunch week in Greek bailout saga

By Mike Peacock LONDON (Reuters) – The threat posed by Greece beyond its borders may have diminished but efforts to agree an economic reform program to free up bailout funds and avert default will capture world attention this week. Euro … Continue reading


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For short-sellers in U.S. stocks, the agony just piles on

By Jennifer Ablan and David Gaffen NEW YORK (Reuters) – In January 2014, veteran short-seller Bill Fleckenstein said he was readying a new fund to bet on falling stock prices. More than a year later, he’s still waiting to launch … Continue reading


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