Press Releases

HONG KONG--(BUSINESS WIRE)-- AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of DTRIC Insurance Company, Limited (DTRIC), and its reinsured affiliate, DTRIC Insurance Underwriters, Limited. Both companies are domiciled in Honolulu, HI.

The Credit Ratings (ratings) reflect DTRIC’s balance sheet strength, which AM Best... (continue reading...)

Recent data has revealed that solar and wind energy growth in the European Union has begun undercutting fossil fuels. A report by think tank Ember found that energy generation from the two renewables has surged by 46% from 2019 to 2023 and eaten into one-fifth of the fossil fuels’ energy market, taking the EU a step closer to achieving its carbon-neutrality goals.

Aside from the plan to achieve net neutrality by 2050, the current European Commission also proposed... (continue reading...)

• While British Columbia is viewed as instrumental in Canada’s mining future, Torr Metals is developing its Kolos Copper-Gold Project located at the heart of British Columbia’s most significant copper mining district
• Torr recently expanded the project size by 75% to roughly 240 square kilometers
• Highlights of the strategic expansion includes several important new exploration findings that suggest Kolos may be a treasure trove of multiple potential discoveries,... (continue reading...)

Ether worth more than $3 billion has been drawn from cryptocurrency exchanges following the U.S. Security Exchange Commission’s approval of Ether spot ETFs last month, signaling an impending supply shortfall. Just prior to the announcement, the regulator initiated talks with possible issuers and later granted approval for multiple 19b-4 forms to list the ETFs.

The ETFs weren’t immediately ready for trading, as issuers are required to file their S-1 registration... (continue reading...)

In a world where technology is rapidly transforming how we live and work, many organizations are focusing on artificial intelligence (AI) as a key to transforming business operations and staying competitive. Alibaba Group Holding Ltd (NYSE: BABA) is embracing AI and encouraging other businesses to follow suit.

Joseph Tsai, Alibaba executive vice chair and cofounder, who recently replaced Daniel Zhang, spearheads the need for AI. In a press conference, Tsai shared... (continue reading...)