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Natural Disasters Set a Record $135 Billion in Claims in 2017

[ad_1] Hurricanes, wildfires and earthquakes did a record amount of damage this past year, according to Munich Re, a German-based reinsurer. According to Munich Re’s natural catastrophe review, the insurance industry was hit with a record-high $135 billion bill. Overall losses, including the uninsured, topped $330 billion. 2017 was the second most costliest year in history behind 2011, when the Tohoku earthquake in Japan caused $354 billion in today’s dollars. The U.S. share of losses in 2017 was higher than average: 50…

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LIVE MARKETS-Heat on UK market: Micro Focus sinks on weaker outlook

[ad_1] * European stocks make gains but FTSE 100 struggles * UK’s Mothercare, Micro Focus tumble * Novo offers to buy Ablynx at 32 pct premium * Dialog Semi lifted by well-received update Jan 8 (Reuters) – Welcome to the home for real time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your thoughts on market moves: danilo.masoni.thomsonreuters.com@reuters.net MICRO FOCUS SINKS ON WEAKER OUTLOOK…

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Polycom Names Donald A. Williams EVP of Worldwide Engineering

[ad_1] SAN JOSE, Calif.–(BUSINESS WIRE)–Today, Polycom, Inc. announced that Donald A. Williams, former Prysm Engineering Leader, has been named Executive Vice President of Worldwide Engineering. Williams will lead the development of the company’s next-generation video, audio and content sharing solutions. Williams is a seasoned software industry veteran with more than 25 years of experience in leading global R&D teams. He currently advises Silicon Valley startups and most recently served as Vice President and Head of Engineering for San Jose based…

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How Indians live at the heart of Ikea’s strategy in lowest-priced market

[ad_1] Last year, 2.3 billion people visited the Ikea website. And it is said, one in ten Europeans is conceived on an Ikea bed. Now, as the Swedish giant prepares to open its first store in India, in Hyderabad, this year, it hopes it can achieve the same success in the Indian market too. Ikea, the world’s largest seller of furniture, has its sights set on everyone. “At Ikea we target everyone. We want you to come to our…

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Boisdale founder Ranald Macdonald jumps on the vinyl trend with Rebecca Ferguson live shows and LP

[ad_1] When Ranald Macdonald has a mad idea, he goes through with it. “I’m mad about all things that are a little bit mad,” he tells me. He has conquered London’s social scene with his Boisdale restaurants and a matching magazine. But what’s next on his list? It turns out that Macdonald wants to get an album into the charts. The vinyl charts that is. “I’m mad about vinyl,” he says. “I love collecting it, I love the feel of…

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Plans expanded for city centre student block

[ad_1] Plans to build student flats which were first approved almost three years ago are back on the table again. Developers have expanded their approved proposals to redevelop a car park on the corner of Upper Dean Street and Pershore Street close to the Wholesale Markets site. Due to open this year, the project was initially going to contain 323 bedrooms, five commercial units totalling 7,530 sq ft and bike and car parking. Last year, this was amended slightly to…

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Editorial: All harm, no help in 340B cuts

[ad_1] Now that a U.S. District Court has postponed the hospital industry’s legal challenge to cutbacks in the 340B drug discount program, it falls to Congress to reverse the Trump administration’s egregious new rules. Believe it or not, there’s hope, since the new rules benefit no one—quite literally. Legislation reversing them has even gained bipartisan backing in Congress. Some background: The pharmaceutical industry has had the 340B program in its crosshairs since its inception. The program requires companies to sell…

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Fears emerge over Andy Murray’s future in tennis as he might need double hip surgery

[ad_1] Andy Murray will not play at the 2018 Australian Open Getty Former world number one Andy Murray’s future in tennis is in doubt after it was revealed that he might need a double hip surgery. The 30-year-old started 2017 as the top ranked player in tennis for the first time in his career following his win at the ATP Finals in London in November 2016. However, he was dogged by poor form and injuries during the calendar year with…

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JSE opens flat ahead of ANC statement

[ad_1] The JSE started the week on a flat note amid global market exuberance and as investors awaited newly elected ANC president Cyril Ramaphosa’s first January 8 statement. Speculation that President Jacob Zuma might soon be recalled as the country’s president have been dismissed by ANC leaders for now, but the market will be looking to signals from Ramaphosa as to possible future developments. The Dow closed above 25,000 points last week for the first time after gaining 25% in…

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Zuckerberg’s Dilemma: When Facebook’s Success Is Bad for Society

[ad_1] When scientists started linking cigarettes to cancer, the tobacco industry silenced them—only acknowledging the extent of the truth decades later, under legal duress. Imagine if, instead, they had given these researchers license to publish papers, or even taken the information to heart and crippled their own moneymaking machines for the good of their addicted users. No… [ad_2] Source link

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Asia stocks saunter toward historic high, U.S. earnings hurdle

[ad_1] SYDNEY (Reuters) – Asian shares crept toward all-time peaks on Monday after Wall Street boasted its best start to a year in over a decade, with brisk economic growth and benign inflation proving a potent cocktail for risk appetites. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.2 percent having climbed 3.1 percent last week, its strongest performance in six months. At 588.55, the index is within spitting distance of its record top of 591.50 hit in November…

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Clash of tech giants: Amazon Alexa, Google Assistant to meet at CES 2018

[ad_1] If the annual CES technology show in Las Vegas were a high school dance, Amazon.com Inc and Alphabet Inc’s Google would be the kids who stayed away, preferring to throw their own parties. Only this year, the tech giants are all dressed up and looking for dates. They’re seeking and supporting partners for their voice-operated platforms, Amazon Alexa and Google Assistant. In the grand tradition of such classic battles as Android versus iOS and Mac versus PC,…

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Insurers go cold on coal industry

[ad_1] Oliver Ralph, Insurance Correspondent January 8, 2018 The world’s biggest insurers are opening up a new front in efforts to cut down on coal use by refusing to offer cover to miners and power generators that use the polluting fuel. Industry executives are worried about the potential for global warming to drive up insurance claims, leading to a debate about whether to cover companies that contribute to the problem. A range of investors, including insurance companies and pension funds…

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