Merz defeat ‘an obstacle not a catastrophe’

[ad_1] Germany's conservative leader has unexpectedly fallen short of a majority in a parliament vote to become chancellor.Friedrich Merz needed 316 votes in the 630-seat Bundestag but only secured 310, in a significant blow to…

Ukrainian troops tell of catastrophe and panic

[ad_1] Jonathan Beale & Anastasiia LevchenkoBBC NewsGetty ImagesA Ukrainian soldier comforts a comrade during fighting in KurskUkrainian soldiers fighting in Russia's Kursk region have described scenes "like a horror movie" as they retreated from the…

Catastrophe Bond Funds Say They’ll Dodge Losses as…

[ad_1] (Bloomberg) -- The wildfires sweeping through Los Angeles are unlikely to trigger significant losses in catastrophe bonds designed to capture such risks. Roughly 12% of the $50 billion cat-bond market is currently exposed to…