Bloomberg Business

US Faced Record Number of Natural Disasters This Year With Losses Topping $1 Billion

There’s more than two months left in the year, but the US has already faced a record number of disasters costing $1 billion or more in 2023, with 24 such events. That tally is likely grow even bigger as officials assess the costs of Hurricane Hillary, hail storms that hit Texas last month and flooding in New York.

Irish Government Lays Out Plan to Create $100 Billion Fund

Ireland detailed plans to transform one of Europe’s rare budget surpluses into a sovereign fund expected to grow to around €100 billion ($106 billion) over the next 12 years to protect the economy from future downturns.

Germany Announces Ukraine Air-Defense Package Worth €1 Billion

Germany will look to boost Ukraine’s air-defense capabilities this winter by delivering a promised package of equipment worth around €1 billion ($1.1 billion), including an additional Patriot system to help protect critical infrastructure.

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