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According to McKinsey, the projected spending on data centers is expected to hit $6.7tn by 2030. -
The tropical cyclone is expected to be named Imelda.
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Plus, the latest people moves and all the top news of the week.
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After losing in the High Court, insurers pin their hopes on the Court of Appeal.
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Equivalent to a Category 5 hurricane, Ragasa is the world's strongest storm this year.
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The report highlighted the gap between insured and uninsured attacks is widening.
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The toll of risk losses sustained by the PVT market this year is mounting.
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Despite formation of Gabrielle, there is ‘a very high probability’ of a below-average season.
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The major storm is set to move on to mainland China later in the week.
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The economic loss from the event was around EUR7.6bn.
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The 2024-25 period has been the worst on record for claims, with costs of $775mn+.
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The broker said insurers were facing increasing pressure to improve financial performance in claims.
