Latest news with #European-backed
Time of India
2 days ago
- Politics
- Time of India
‘IAEA Resolution Politically Biased, Could Kill All Nuclear Diplomacy': Iran's New Threat To West
Tensions are escalating between Iran and the International Atomic Energy Agency (IAEA) as Tehran warns it may end all nuclear cooperation if a new resolution is passed. Iran accuses the West of political bias and says past provocations led to a sevenfold increase in uranium enrichment. Iranian officials have outlined a list of countermeasures and warned that continued pressure could trigger the snapback of UN sanctions before the mechanism expires this October. The standoff threatens to derail any remaining talks between Iran and the United States, with Iranian leaders calling the European-backed resolution a 'strategic mistake.'#iaea #iran #khamenei #unitedstates #donaldtrump #unsanctions Read More
Yahoo
15-05-2025
- Business
- Yahoo
Best's Commentary: AM Best Welcomes European Union Action on Natural Catastrophe Insurance but Cautions That Clarity Is Needed
AMSTERDAM, May 15, 2025--(BUSINESS WIRE)--AM Best believes a proposed European Union-backed public-private natural catastrophe reinsurance scheme could be supportive for the bloc's insurance markets. A new Best's Commentary, "AM Best Welcomes European Union Action on Natural Catastrophe Insurance but Cautions That Clarity is Needed", notes that proposals for a new EU-backed public-private natural catastrophe reinsurance scheme come as several member states are making enhancements to their domestic pools. Angela Yeo, senior director and head of analytics and operations at AM Best (EU) Ratings Services in Amsterdam, and author of the commentary, said: "AM Best welcomes the fact that the EU and several of its member states are taking actions in response to the increase in natural catastrophe activities. "An EU-wide pool will ultimately improve pricing volatility for (re)insurance covers offered, ensure funds are available for rebuilding infrastructure in a timely manner, improve risk mitigation practices, and above all, help in closing the protection gap between economic losses and insured losses to households and businesses caused by the effects of climate change on natural catastrophes." Dr. Yeo added that many details are yet to be addressed, including whether to make certain initiatives mandatory, or how to set the pricing levels and limits and the extent of regulatory controls. "These decisions will be important for securing stakeholder support as European markets currently have wide-ranging solutions to deal with their domestic exposures to natural catastrophes. AM Best recognises that a European-backed public-private partnership would need to work for all," said Dr. Yeo. To access a complimentary copy of this commentary, please visit AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Angela Yeo Senior Director, Head of Analytics +31 20 808 1712 Richard Banks Director, Industry Research – EMEA +44 20 7397 0322 Edem Kuenyehia Director, Market Development & Communications +44 20 7397 0280 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
15-05-2025
- Business
- Business Wire
Best's Commentary: AM Best Welcomes European Union Action on Natural Catastrophe Insurance but Cautions That Clarity Is Needed
AMSTERDAM--(BUSINESS WIRE)-- AM Best believes a proposed European Union-backed public-private natural catastrophe reinsurance scheme could be supportive for the bloc's insurance markets. A new Best's Commentary, 'AM Best Welcomes European Union Action on Natural Catastrophe Insurance but Cautions That Clarity is Needed', notes that proposals for a new EU-backed public-private natural catastrophe reinsurance scheme come as several member states are making enhancements to their domestic pools. Angela Yeo, senior director and head of analytics and operations at AM Best (EU) Ratings Services in Amsterdam, and author of the commentary, said: 'AM Best welcomes the fact that the EU and several of its member states are taking actions in response to the increase in natural catastrophe activities. 'An EU-wide pool will ultimately improve pricing volatility for (re)insurance covers offered, ensure funds are available for rebuilding infrastructure in a timely manner, improve risk mitigation practices, and above all, help in closing the protection gap between economic losses and insured losses to households and businesses caused by the effects of climate change on natural catastrophes.' Dr. Yeo added that many details are yet to be addressed, including whether to make certain initiatives mandatory, or how to set the pricing levels and limits and the extent of regulatory controls. 'These decisions will be important for securing stakeholder support as European markets currently have wide-ranging solutions to deal with their domestic exposures to natural catastrophes. AM Best recognises that a European-backed public-private partnership would need to work for all,' said Dr. Yeo. To access a complimentary copy of this commentary, please visit
Russia Today
25-04-2025
- Business
- Russia Today
Kiev and its backers reject key aspects of Trump's peace plan
Kiev and its European backers have turned down President Donald Trump's reported peace plan for the Ukraine conflict in several significant respects, according to a report by Reuters, citing the full texts of the US proposal and the response. Washington tabled a proposed deal to end hostilities between Kiev and Moscow during a meeting in Paris on Thursday last week. A follow-up meeting took place in London on Wednesday, at which Ukrainian officials and their NATO European counterparts drafted counterproposal. The London talks were downgraded at the last minute after Ukraine's Vladimir Zelensky publicly rejected key American suggestions. He declared on Thursday that the European-backed 'strategy' was now 'on President Trump's table.' Having examined the drafts 'in full and explicit detail' on Friday, Reuters identified four critical areas of disagreement. The US is proposing Washington's formal recognition of Russian sovereignty over Crimea — the former Ukrainian region that voted to join Russia following the 2014 Western-backed armed coup in Kiev — and a cessation of hostilities along the current frontline. Kiev and its European backers are only willing to discuss territorial issues after a ceasefire has been established. The US document offers a 'robust security guarantee' for Ukraine from willing nations, according to Reuters. The Euro-proposal rival proposal insists that no restrictions be placed on Ukraine's military, including the deployment of foreign troops on its territory, and calls for the US to provide NATO-like protection to Ukraine. Russia demands Ukraine remains neutral and insists that it will not accept any NATO troop presence, or troops from bloc members as part of a coalition, in the country. Reuters reported that the US is advocating for the removal of restrictions imposed on Russia since 2014, while Kiev and the Europeans propose a 'gradual easing of sanctions after a sustainable peace is achieved,' paired with a threat of snapback measures for non-compliance. The US framework includes mentions of financial compensation for Ukraine, but lacks specifics. The Kiev-backed counterproposal identifies frozen Russian assets in Western countries as a source for such payments, according to Reuters. Russia has labeled the seizure of its funds illegal and views any use of these assets to support Ukraine as 'theft.' Members of the Trump administration have blasted Zelensky for attempting to negotiate a deal through the media rather than in confidential discussions. The US president has warned that he may withdraw from his mediation efforts altogether if either party stalls progress.
Arab News
24-04-2025
- Politics
- Arab News
Macron urges Putin to ‘stop lying' over Ukraine ceasefire
'The only thing to do is for President Putin to finally stop lying,' Macron saidHe accused the Russian leader of telling US negotiators 'he wants peace' but then continuing 'to bombard Ukraine'ANTANANRIVO: France's President Emmanuel Macron said Thursday his Russian counterpart Vladimir Putin needed to 'stop lying' over wanting peace in Ukraine while continuing to strike the country.'The only thing to do is for President Putin to finally stop lying,' Macron said during a visit to accused the Russian leader of telling US negotiators 'he wants peace' but then continuing 'to bombard Ukraine.'A Russian missile attack on Kyiv earlier Thursday killed at least nine people, one of the deadliest strikes on the Ukrainian capital since Moscow launched its invasion more than three years attacks throw yet more doubt on already fraught US efforts to push Russia and Ukraine to agree to a halt in fighting.'In Ukraine, they only want a single answer: Does President Putin agree to an unconditional ceasefire?' Macron said Putin was the only person holding up the US-proposed and European-backed proposal.'If President Putin says yes, the weapons will fall silent tomorrow, lives will be saved.''US anger should be directed at only one person, President Putin,' he President Donald Trump's administration has been floating the idea of recognizing Russian control of Crimea as part of a peace on Wednesday said Crimea — a lush Black Sea peninsula with longtime Soviet and Russian naval facilities — was 'not even a point of discussion' and was 'lost years ago,' a position welcomed by the however said he thought the priority should be first agreeing to a ceasefire, and that the status of Crimea was not something to be discussed 'for now.'
