Reuters

(Reuters) - The cost of car insurance in the UK rose 1% in the first quarter, a survey showed on Monday, indicating an easing in the rise of premium seen last year.

The data from the Association of British Insurers' (ABI) Motor Insurance Tracker showed that insurers continued to absorb growing costs, with the average claim paid rising 8% to reach a record of 4,800 pounds ($6,004.80) in the first quarter over the same period last year.

"We... (continue reading...)

(Reuters) -Singapore Telecommunications on Monday forecast non-cash impairment provisions of S$3.1 billion ($2.28 billion) for second-half of 2024 which would lead to the telecom giant reporting a net loss for the period.

The company also warned that it would report a lower net profit for the full-year ended March 31, 2024.

About S$2 billion of the total impairment provision originates from its mobile network operation unit, Optus' goodwill,... (continue reading...)

(Reuters) -Hong Kong-based insurer AIA Group on Monday posted a 31% rise in its first-quarter value of new business (VONB) on a constant exchange currency basis helped by strong performance across segments, and announced an additional $2 billion share buyback.

AIA Group also announced an "enhanced capital management policy" under which it will target payout of 75% of annual net free surplus generation through dividends and buybacks starting fiscal 2024... (continue reading...)

By Thomas Escritt

STUTTGART, Germany (Reuters) - Nine men go on trial in Germany on Monday charged with high treason, attempted murder and plotting a violent coup d'etat aimed at installing an aristocrat as national leader and imposing martial law.

The hearing in a maximum security courtroom in Stuttgart marks the start of three marathon trials of 27 people in total accused of conspiring in a plot foiled by authorities at the end of 2022.... (continue reading...)

MADRID (Reuters) - Spain's Prime Minister Pedro Sanchez is set to announce on Monday whether he plans to stay on or quit the premiership, days after saying he was considering resigning.

Supporters in his Spanish Socialist Workers' Party (PSOE) have urged Sanchez to stay since he said last week he was stepping back for a few days to decide his future and would announce his decision on Monday.

He spoke on the same day a court launched a... (continue reading...)