Munich makes first warning by reinsurer on Harvey, Irma impact

Germany’s Munich Re warned it could miss its profit target this year, the first major reinsurer to flag a hit to earnings from damage caused by hurricanes Harvey and Irma.”These two events are expected to result in high insured losses, which the market and...

Thomas Cook partners with Expedia for hotel sales

British tour operator Thomas Cook said on Thursday it had entered into a strategic alliance with Expedia to make the online travel company its preferred provider of hotels for certain holiday sales. Thomas Cook said that while it remained focused on its own-brand...

UK confirms Murdoch’s Sky bid will be examined over broadcasting standards

Rupert Murdoch’s planned $15 billion takeover of European broadcaster Sky will be referred to regulators over concerns about broadcasting standards, Britain’s Culture and Media Secretary Karen Bradley said on Thursday. On Tuesday, Bradley said she was...