COVID-19: Allstate, Geico, American Family Insurance to give over $3 billion back to drivers stuck at home

Warren Buffett’s Geico plans to offer insurance-policy credits to its auto customers as driving declines because of the widespread coronavirus-related shutdowns. Geico, owned by Buffett’s Berkshire Hathaway Inc., will provide a 15% credit to its auto and motorcycle customers when their policies come up for renewal between April 8 and Oct. 7, the insurer said […]

World faces new ‘Great Depression’ as COVID-19 toll mounts

Brussels: World powers scrambled on Thursday to build a global response to the human tragedy and once-in-a-century economic catastrophe caused by the coronavirus epidemic, as death tolls in the US and Europe soared higher. In a locked-down New York, the UN Security Council was to meet on the pandemic for the first time. And, by […]

Abu Dhabi’s Dh200b merger of utility giants moves closer

Abu Dhabi: The merger between Abu Dhabi’s utility giants is on. The Board of Directors at Abu Dhabi National Energy Company (Taqa) have given the go ahead for a sale and purchase agreement of most of Abu Dhabi Power Corporation’s (ADPower) assets. In a disclosure on Abu Dhabi Securities Exchange (ADX), Taqa said its board […]