CAIRO (Reuters) – The Saudi Arabian Monetary Agency (SAMA) has prohibited combining insurance and reinsurance brokerage activities in the same company, effective immediately, it said in a statement on Thursday. The agency said it had taken the decision to increase the stability of the insurance sector, boost its contribution to national economic growth and reduce […]
Peru imposed one of the earliest and strictest lockdowns in Latin America to stop the spread of coronavirus – but it now has the sixth highest number of confirmed cases in the world. Peru’s President, Martín Vizcarra, says things are improving but has previously said results of the lockdown “haven’t been exactly what we expected”. […]
(Reuters) – Hotel chain Hilton Worldwide Holdings Inc (HLT.N) said on Tuesday it would cut about 22% of its corporate workforce, or 2,100 jobs, following the coronavirus outbreak that has ravaged the global travel industry. Hilton’s announcement comes as the hotel industry has been among the worst hit by the pandemic, with travelers forced to […]
