Reuters

LONDON (Reuters) - Lloyd's of London insurers Hiscox and Lancashire do not expect large insurance claims from the collapse of Baltimore's Francis Scott Key Bridge in March that caused widespread disruption, they said on Thursday.

Some estimates for the total insured losses from the bridge collapse run into billions of dollars, given the loss of lives, bridge repair costs and traffic re-routing.

The Wall Street Journal reported on Thursday... (continue reading...)

(Reuters) - Chubb, the insurer of Baltimore's Francis Scott Key Bridge that collapsed in March, is preparing to make a $350 million payout to the state of Maryland, the Wall Street Journal reported on Thursday.

The payment is expected to be authorized within weeks, the report said, citing a statement from Henry Daar, head of property claims North America for WTW, the bridge's broker.

The $350-million payout could be the first of many... (continue reading...)

(Reuters) - U.S. stock index futures advanced on Thursday, a day after the Federal Reserve left interest rates unchanged and allayed fears around potential rate hikes, with focus moving to a spate of earnings updates through the day.

While Fed chair Jerome Powell indicated that stubbornly high inflation would see a long-expected U.S. rate cut pushed back, he refused to entertain talk that rates might actually need to go up again.

Money... (continue reading...)

(Reuters) - Portugal's monthly unemployment rate slipped to 6.5% in March from a revised reading of 6.6% in February, the National Statistics Institute (INE) said in its flash estimate on Thursday.

The labour underutilisation rate remained unchanged at 11.4% from the previous month.

The youth unemployment rate (16-24 years old) decreased to 22.3% in March, from a revised 22.4% in the previous month, but rose from 19.5% a year ago, the INE... (continue reading...)

(Reuters) - The market capitalisation of top technology giants fell sharply in April, pressured by diminishing enthusiasm for artificial intelligence and a scaling back of expectations for central bank interest rate cuts.

Microsoft's market value plummeted by $232.5 billion, or 7.4%, ending the month at $2.89 trillion. Meta Platforms Inc also suffered a drop of $146.8 billion, or 11.9%, ending at $1.09 trillion, following a lower-than-expected revenue... (continue reading...)