0 Have your say Travel insurers are now dealing with one new claim every three minutes typically from UK travellers needing emergency medical treatment while overseas. Some 153,000 travellers needed emergency medical treatment abroad last year - equating to 420 people every day, or one person every three minutes, the Association of British Insurers (ABI) said.The total medical bill paid by insurers in 2018 was £209 million – the highest figure since 2010.This meant that medical claims accounted for more than half (52 per cent) of the £399m in travel insurance claims paid out last year. Cancellation costs made up over a third (36 per cent) of the total, while lost baggage or money accounted for 4 per cent.A fifth of people still travel overseas without travel insurance, according to the Association of British Travel Agents (Abta), despite the average cost of a travel insurance policy being just £38.The ABI said air ambulance … [Read more...] about Size of medical bill for travel insurers rises to £209m
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Bond prices rose as traders took a more defensive approach. Stocks wavered between small gains and losses through much of the day as investors continued to wade through a steady flow of corporate earnings. Analysts have been expecting a contraction in first-quarter corporate profits, but the results so far have been mostly solid. That trend continued Wednesday with strong reports from e-commerce company eBay, industrial giant Caterpillar, and health insurer Anthem. ‘‘The pace of earnings beats is at a very nice level, certainly exceeding diminished expectations,’’ said Eric Wiegand, senior portfolio manager for Private Wealth Management at US Bank. ‘‘The strength of the dollar has been, perhaps, a little bit of a weight on markets today.’’ The S&P 500 index fell 6.43 points, or 0.2 percent, to 2,927.25. The benchmark index closed at a record high on Tuesday. The Dow Jones average dropped 59.34 points, or 0.2 percent, to … [Read more...] about US stock indexes finish slightly lower a day after a record
Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook | DealBook Briefing: Could Trump Cave Too Easily on a China Trade Deal? DealBook Supported by Feb. 21, 2019 Good Thursday morning. (Was this email forwarded to you? Sign up here .) Trade talks progress, with fears of overcompromise American and Chinese officials have reportedly begun to hash out documents that could form the basis of a trade deal, but there are growing concerns that leaders of both nations are softening on key demands. More on the progress from Bloomberg, citing an unidentified source: • Several memorandums of understanding “would cover areas including agriculture, non-tariff barriers, services, technology transfer and intellectual property, said the person.” • “The enforcement mechanism remains unclear, but would likely be a threat that tariffs would be reimposed … [Read more...] about DealBook Briefing: Could Trump Cave Too Easily on a China Trade Deal?
HDBank pre-tax profit increases by 65.7 per cent to $ 172.6 million An HDBank branch in HCM City. — Photo courtesy of HDBank The HCM City Development Joint Stock Commercial Bank (HDBank) has announced its results for the fourth quarter of last year and for the full financial year, achieving impressive growth and meeting ambitious targets. Its pre-tax profit surpassed the target approved at the annual general meeting early last year. Its return on equity and return on assets were 20.27 per cent and 1.58 per cent. HDBank’s non-performing loan ratio was tightly controlled at 0.97 per cent, the lowest level in the banking industry. In the fourth quarter, the lender achieved a consolidated pre-tax profit of over VND1.12 trillion (US$48.3 million), up 122.1 per cent year-on-year. This included net interest earning of VND2.16 trillion ($93.1 million), up 23.9 per cent over the same period. With a breakthrough performance in the last quarter of 2018, pre-tax profit for the whole … [Read more...] about BUSINESS NEWS IN BRIEF 24/1
By David Olive Business Columnist Mon., Jan. 7, 2019 1. Gen Z asserts itself Gen Z begins entering the workforce this year. In just two years, Generation Z — people born in the late 1990s and since — will account for about one-third of the workforce. In contrast to millennials, Gen Z is motivated more by challenging workplace projects than money. Surveys show Gen Zers prefer face-to-face over digital contact. Gen Z is also among the most entrepreneurial generations yet. That makes its members a flight risk in regimented workplaces where unorthodox thinking is discouraged. Gen Z is more likely than millennials to prefer private workspaces over open-space layouts. And social-media savvy Gen Zers, accustomed to free flow of information, demand unprecedented managerial candour. Turnover will be high in workplaces that don’t provide it. 2. Modestly pricier food Canadians can expect to pay between 1.5 per cent and 3.5 per cent more for food … [Read more...] about 20 next new things for the business world in 2019