Morning Chronicle - Economy (English)

Natural disasters cause $310bn in economic losses in 2024: Swiss Re

In a year set to be declared the hottest on record, natural disasters caused $310 billion in economic losses globally in 2024, as climate change increasingly takes its toll, Swiss Re said Thursday.

Shell, Norway's Equinor to form joint UK oil and gas firm

British energy giant Shell and Norway's Equinor announced plans Thursday to merge their UK offshore oil and gas assets to create a new jointly owned company.