Bloomberg Grigory Sverdlin has been doling out free meals from a night bus in Russia’s second-biggest city for the best part of the past two decades. Rarely has he seen so much demand as in the past few weeks. “In St. Petersburg we usually feed around 80 people a night at each of the four stops. Now there are 120-140 ...

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 ...