Business Update: Insurers face highest costs every over hurricane Irma and Harvey

The insurance industry is likely to fork out around between $50-$75bn to cover losses caused by Hurricane Irma, says Bronek Masojada, chief executive of insurance firm the Hiscox Group. Global Witness reports Zimbabwe’s government is using money earned from diamond exports to fund its Central Intelligence Organisation. And a former Nigerian president defends President Buhari's management of the country's economy.