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LA wildfires push insurance losses to highest since 2011: Munich Re
LA wildfires push insurance losses to highest since 2011: Munich Re
Economy
by  AFP

The Los Angeles wildfires drove insured natural disaster losses in the first half of the year to their highest level since Japan's Fukushima disaster in 2011, German reinsurance giant Munich Re said Tuesday. Insurers took almost $80 billion (69 billion euros) of losses from natural disasters worldwide, Munich Re said, the second-highest hit since 1980.

Spotify sees 12% rise in paid subscribers
Spotify sees 12% rise in paid subscribers
Economy
by  AFP

Spotify saw paying subscribers rise 12 percent to 276 million customers in the second quarter of 2025, the world's top music streaming service said on Tuesday, though profits fell below expectations. The below-expectation profit announcement comes as the streamer has found itself at the centre of the debate over music generated by artificial intelligence.

European pharma industry still worried about tariffs
European pharma industry still worried about tariffs
Economy
by  AFP

The European pharmaceutical industry said Tuesday that it remained concerned a EU-US trade deal reached at the weekend does not provide certainty for critical sector. The EFPIA trade association for the European pharmaceutical industry said it was monitoring announcements on the details of the deal "as key implications for the pharmaceutical sector remain uncertain".