What is the difference between risk and uncertainty. Under conditions of risk, we know what might happen and we know roughly how likely each outcome is. Under conditions of uncertainty, we don't know the possible outcomes and we can't assign probabilities to them.It's not exactly ideal. So, are insurers longing for risk. Impactful changes, both large and small, are transforming the way our global systems operate.For example, weight loss drugs. The new market for GLP1 or obesity drugs is forecasted to reach ...

Hong Kong is regaining its global standing after a rough few years. Many people wrote off the city state after political upheaval and strict co measures. But Hong Kong is now ahead of rivals in New York, London and Mumbai in IPOs.And the Hangen Index is one of the best performing indices worldwide. Much of this momentum comes from mainland China and from Chinese companies looking to raise money in the territory to expand abroad. Mainland Chinese investment into Hong Kong hits a record high this year, and Ch ...

Earlier this week, Israel sent troops into Gaza City, an offensive that it has threatened for quite some time in order to take over control of almost the entire enclave. At the same time, in the last 23 months, it has been carrying out a different sort of offensive in the occupied West Bank. Last month, uh my colleagues and I, we traveled around significant parts of the West Bank.First, we went north to the northern West Bank to the city of Janine where there's a refugee camp. In January, the Israeli milita ...

[Music] [Music] Dad, can I have an ice cream. >> No, you cannot. >> Grandpa let me.>> Well, thank goodness I'm the one looking after you. >> Hey, >> Jackie. Jackie, no. no.>> Ivy. It's no worries, Dad. It's not a problem.>> Well, I think the hardcore swearing in front of a six-year-old might be a bit of a problem. >> He would never have snapped like that before. [Music] >> I hope it goes well, >> Dad. [Music] [Music] It's amazing.>> I haven't worked with the writer before. I think that really helped. >> Did ...

So Lee, what are we here to talk about today. Extreme weather is forcing insurers to make big changes to their business model and get more creative. So what impact might that have.Insurers have had to pay out more than hundred billion dollar a year in natural catastrophe losses every year this decade. This year has already seen heavy insured losses with January's wildfires in LA costing the industry 30 to40 billion. LA is just one of many destinations where residents are moving into harm's way.In the US, pe ...

Do you have a favorite. I can't pick favorites at this point. So, Andrew, it's uh that time of year.It's the big reveal now of the long list for the FT Shroers Business Book Award. What can you tell us about the long list. So, we've got 16 books.I don't like to tip any particularly, but there are three main themes, three G's, I suppose. Geopolitics, genius, and growth. In geopolitics, we've got quite a few books about the US and the relationship of the US with the rest of the world, notably China.Breakneck ...

After welcoming a wave of tech industry investment, Bengaluru also still widely known by its former name Bangalore has become a focal illustration of India's struggles to build infrastructure needed to keep its economy growing at a brisk rate. Hailed as the country's Silicon Valley, the city houses campuses for the likes of Google and Microsoft. But outside their gates, the reality is stark.Endless traffic, daily water shortages, and crumbling infrastructure. The country's cheap, abundant tech talent is att ...

US President Donald Trump's fullthroated support for the digital asset industry has encouraged booming numbers of so-called crypto treasury companies to launch worldwide. Biotechs, gold miners, and hotelers are just some of the companies that are rushing to buy cryptocurrencies such as Bitcoin and Ether. Companies backed by Trump and his family are even racing to buy crypto themselves, too.The surge in hoarding crypto comes as the US has become incredibly friendly towards digital assets, sending the price o ...

[Music] Our world is aging. Between 2015 and 2050, the share of the world's population aged over 60 years will climb from 12% to 22%. That's one factor driving the growth in robotic healthcare.From 2023 to 2032, the global medical robotics market is predicted to almost quadruple to $63.8% billion. It's being boosted by artificial intelligence, which is generating the vast amounts of data needed to train robots. Robots are being developed across a wide variety of medical disciplines.In the UK, by 2035, 90% o ...

Chinese exporters are reassessing investment in offshore factories. A wave of new US tariffs against alternative hubs such as Southeast Asia and restrictions on the trans shshipment of goods through the region has reoriented its commercial landscape. Manufacturers have poured billions of dollars into Southeast Asia in recent years as part of a China plus one strategy to minimize their exposure to US tariffs in the wake of Trump's first trade war with Beijing.But the US has slashed additional duties on Chine ...