Bloomberg Typhoon Vongfong, the Northern Hemisphere’s first named storm, was rapidly intensifying east of the Philippines, where it could clip parts of the island nation through Saturday, according to the US Joint Typhoon Warning Center in Hawaii. The storm, called Ambo in the Philippines, made landfall over San Policarpio town in Eastern Samar province in Visayas island on Thursday, the ...

Bloomberg Lloyd’s of London, the world’s largest insurance exchange, estimates the industry will suffer around $203 billion in losses from the coronavirus pandemic this year. The projected losses include about $107 billion from underwriting claims, with the rest from insurers’ investment portfolios, Lloyd’s said in a statement. The claims costs are on a par with some of the most catastrophic ...

Bloomberg The British government’s call to restart the economy may have sounded good, but there’s little evidence the country is taking heed. In the week when Prime Minister Boris Johnson said it was time to get back to work, some parts of the economy are humming along. What’s less clear is whether his decision to ease lockdown restrictions made much ...