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Thomson Reuters buys World Business Media

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Thomson Reuters buys World Business Media

Thomson Reuters said on Tuesday it acquired World Business Media Limited, a subscription-based provider of news and analysis on the insurance and reinsurance market.

The London-based company of about 25 employees will join the Reuters News division of Thomson Reuters. Its products include The Insurer, a digital news operation for editorial and data, Insurer TV and an events business, reaching 45,000 professionals.

Financial details of the deal were not disclosed.

“We plan to invest in this business to increase its coverage and reach, and we believe we will be able to bring services of greater value to our customers in this sector,” said Paul Bascobert, president of Reuters, in a prepared statement.

“As the industry undergoes rapid change, increasing regulatory complexity, and growing severity of risks, the need for context and clarity for insurance, reinsurance and adjacent professionals has never been greater,” said Peter Hastie, managing director of World Business Media Limited, in a statement.

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World Business Media is the latest in a string of acquisitions undertaken by Thomson Reuters as part of its plan to expand offerings for its professional clients. In August, the company closed its $650 million cash acquisition of Casetext, a California-based AI company that helps legal professionals conduct research, analysis and prepare documents using generative AI.

On Monday Thomson Reuters raised its bid to buy Sweden’s Pagero Group, an e-invoicing and tax solutions firm to expand Thomson Reuters’ global tax offerings, and said it now owns a 54% stake

Thomson Reuters said last year it has earmarked $10 billion for acquisitions and about $100 million per year in investments in AI capabilities.

(Reporting by Kenneth Li in New York; Editing by Anna Driver)

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US Says It Struck Vessel in Caribbean, Killing Three Men

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US Says It Struck Vessel in Caribbean, Killing Three Men

The U.S. military said on Monday that it struck a vessel in the Caribbean, killing three men, the latest such incident in recent months.

President Donald Trump’s administration has touted its success at taking out suspected drug trafficking vessels in the area.

The military said in a post on X the vessel was “engaged in narco-trafficking operations.”

Reuters could not immediately verify the information.

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(Reporting by Ryan Patrick Jones and Costas Pitas; Editing by Doina Chiacu)

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Putin puts ‘nuclear triad’ on fast track, Zelenskyy claims ‘World War 3’ underway

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Putin puts ‘nuclear triad’ on fast track, Zelenskyy claims ‘World War 3’ underway

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President Vladimir Putin said the development of Russia’s nuclear triad was an “absolute priority” Monday as he outlined the country’s stance on its weapons program, according to reports.

Marking Russia’s Defender of the Fatherland Day, the Russian leader spoke about strengthening the country’s nuclear capabilities before presenting state awards to officers involved in the invasion of Ukraine, the Moscow Times reported.

In his speech, Putin referred to the Russian nuclear triad, which is the country’s three-pronged system for delivering nuclear weapons, designed to ensure a credible second-strike capability. 

Putin described its development as “an absolute priority,” saying that it “guarantees Russia’s security and ensures effective strategic deterrence and a balance of forces in the world.”

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President Vladimir Putin declares Russia’s nuclear triad development an “absolute priority” on Defender of the Fatherland Day, emphasizing strategic deterrence capabilities. ( Contributor/Getty Images)

Putin also emphasized his country would continue to strengthen its army and navy, “taking into account developments in the international situation, based on combat experience gained,” amid the Russia-Ukraine war.

He added that Russia would also “significantly” enhance the capabilities of other branches of the armed forces, increasing their combat readiness, mobility, and ability to operate in all conditions, even the most challenging.

“And, of course, we will accelerate the development of advanced systems for the armed forces,” he added.

Putin’s remarks came after Russia suspended its participation in the New START Treaty on Feb. 5, 2023, the last remaining nuclear arms control agreement between Moscow and Washington.

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RUSSIA FIRES NEW HYPERSONIC MISSILE IN MASSIVE UKRAINE ATTACK, KREMLIN SAYS

Ukrainian President Volodymyr Zelenskyy warns the Russian leader has launched “World War III.”

The treaty limited the number of deployed strategic nuclear warheads and delivery systems each country could have.

Russian officials have said they will continue to take a “responsible” approach to managing their strategic nuclear arsenal and would respect previously established limits.

Putin’s announcement came after Ukrainian President Volodymyr Zelenskyy warned that the Russian leader had effectively launched “World War III” with his invasion of Ukraine four years ago.

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“I believe that Putin has already started it. The question is how much territory he will be able to seize and how to stop him… Putin will not stop at Ukraine,” Zelenskyy told the BBC in an interview Feb. 23.

RUSSIA SHIFTS FROM TALK TO ACTION, TARGETING NATO HOMELAND AMID FEARS OF GLOBAL WAR

Smoke rises over the Kyiv skyline after a Russian attack, Monday, July 8, 2024. Russian forces launched multiple ballistic and cruise missiles against Ukrainian targets on Monday, Ukraine’s air force said, with explosions felt and heard across the capital, Kyiv. (AP Photo/ Evgeniy Maloletka)

Zelenskyy described the war as part of Putin’s broader attempt to impose a “different way of life” on the world.

“Stopping Putin today and preventing him from occupying Ukraine is a victory for the whole world,” he said.

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However, when asked about the possibility of ceding the embattled Donbas region to Moscow as part of a peace deal, he warned that Russia would likely rebuild its military strength within “no more than a couple of years” and launch another invasion.

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“Where would he go next? We do not know, but that he would want to continue [the war] is a fact,” Zelenskyy said.

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Exclusive: European Parliament rejects minute of silence for French nationalist student

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The death of Quentin Deranque has provoked intense political reactions in France and abroad, only weeks before local elections in which both the far left and the far right are expected to make substantial gains. A commemoration could still be held in the EU Parliament’s next plenary.

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