Direct Line named Adam Winslow as chief executive officer, ending a months-long search. Penny James resigned as CEO in January after the motor insurer scrapped its final dividend amid ballooning claims. Car insurance is one of the starkest examples of cost inflation in the UK — and experts say the industry faces an overall loss for the year before possibly returning to profitability in 2024.
Hundreds of thousands of people are being trafficked across Southeast Asia by criminal enterprises and forced to work in a burgeoning world of online scams, according to the United Nations.
The surprise launch of a sophisticated $900-plus Huawei Technologies Co. smartphone has captivated China’s technology industry, inspiring hopes that the country’s biggest firms can overcome US sanctions seemingly designed to thwart their ascendancy.
Auto sales in Europe rose in July as growing demand for electric vehicles and improved parts availability helped fuel an 12th consecutive month of growth.
Equity futures edged higher on speculation the Federal Reserve is nearing the end of its tightening campaign, while persisting concerns over China’s economic recovery weighed on the nation’s equities.
Mark Thompson, the former chief executive officer of The New York Times Co., is set to take up the top job at CNN, according to several reports.
The $17.4 billion Grayscale Bitcoin Trust rallied the most since July 2021 after a US court ruling potentially paved the way for the vehicle to convert into an exchange-traded fund.
Super Typhoon Saola pummeled the south of Taiwan early Wednesday with strong winds and heavy rain, shutting offices and canceling some flights before heading to Hong Kong.
BYD Co. remains confident of selling 3 million clean cars this year despite economic challenges and an intense price war in the world’s second-biggest economy, founder and Chairman Wang Chuanfu told analysts at a briefing Tuesday, according to people who were present at the event.
An increasing share of low-income Americans are behind on rent and struggling to afford food, adding to signs of growing financial distress in the economy.
