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Equifax Insurance ‘inadequate’ against cyber breach

Bloomberg Equifax Inc.’s insurance against cyber breaches is likely inadequate to cover the credit-reporting company’s costs tied to one of the biggest hacks in history, according to people familiar with the coverage. The company holds a policy that would probably cover about $100 million to $150 million, with costs shared by carriers in the London market and elsewhere, said the ...

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Japan backs US proposal to target N Korea’s oil supply

Bloomberg Japan backed a US push for the United Nations Security Council to vote on Monday on fresh sanctions against North Korea, saying that Kim Jong Un’s nuclear program poses the most serious threat since World War II. Defense Minister Itsunori Onodera on Sunday urged tougher sanctions including curbing oil supplies to North Korea. He warned that the regime’s advances ...

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Russia urges talks to solve Gulf crisis

JEDDAH / Reuters Arab countries and Qatar should enter into direct talks to solve a diplomatic dispute, Russia’s foreign minister said on a trip to Saudi Arabia on Sunday, urging all parties to restore regional unity. Saudi Arabia, Bahrain, the United Arab Emirates and Egypt severed ties with Qatar on June 5, accusing it of supporting terrorist groups – a ...

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