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Hydrogen: Insurance market could hit more than $3 billion by 2030, says Allianz
“Insurers have a key role to play in the development of the...
Musk ordered shutdown of Starlink satellite service as Ukraine retook territory from Russia
Musk’s order was an early glimpse of the power the magnate now...
Self-driving cars could be on UK roads by 2026:Minister
Critics of the technology, which has been trialed in the United States, say that the vehicles can cause crashes, and in California, regulators ordered General Motors’ driverless car unit Cruise to remove its vehicles from state roads after an accident in October...
Tokyo court only holds utility responsible to compensate Fukushima evacuees and reduces damages
The decision is among the four rulings that apparently came in line with the June 2022 Supreme Court decision that said the government wasn't liable for the disaster and that the disaster from a tsunami that high wasn't foreseeable or preventable A Tokyo court has...
China metals giant faces protest in Indonesia after fatal blast
The deadly blast at a furnace run by PT Indonesia Tsingshan Stainless Steel — which is controlled by the Chinese group — has triggered a police investigation and a halt to the firm’s operations. Tsingshan is the world’s biggest nickel producer and one of Indonesia’s...
Japan asks four non-life insurers to stop anti-competitive business practices
The order was issued to Aioi Nissay Dowa Insurance, Sompo Japan Insurance, Tokio Marine & Nichido and Mitsui Sumitomo Insurance.The four had been asked to report to the regulator on whether they engaged in prior consultations with each other when preparing...
New York Times sues Microsoft, Open AI over copyright infringement
OpenAI has faced criticism for scraping text widely from the web to train its popular chatbot since it debuted a year ago, and this is the first lawsuit by a major media organization challenging the practice. The startup has sought licensing deals with publishers,...
No one wants used EVs, making new ones a tougher sell too
The problems are expected to intensify in 2024, when many of the 1.2 million EVs sold in Europe in 2021 will come off their three-year leasing contracts and enter the second-hand market. How companies tackle this problem will be key for their bottom lines, consumer...
Hapag-Lloyd to decide on Wednesday about Red Sea routes
The world's top shipping firms, including Maersk and Hapag Lloyds, stopped transiting the Red Sea after Yemen's Houthi militant group starting targeting vessels earlier in December, disrupting global trade through the Suez Canal Germany's Hapag-Lloyd will decide on...
Cuba quietly authorizes euthanasia
Euthanasia and medically assisted suicide, opposed by most religions, sparks huge controversy around the world where just a handful of countries allow the practice and some equate it with murder. The Cuban Roman Catholic Church was not immediately available for...
Number of new Covid cases increased 52% globally in past one month: WHO
WHO said over 118,000 new COVID-19 hospitalisations and over 1600 new intensive care unit (ICU) admissions have been recorded, with an overall increase of 23 per cent and 51 per cent, respectively, globally Geneva: The number of new COVID cases increased by 52 per...
Britain and Switzerland agree wide-ranging financial services trade deal
“It is an agreement based on deference: Swiss firms can operate inside the UK under Swiss rules and UK firms can operate inside Switzerland under UK rules,” UK's Chancellor of the Exchequer Jeremy Hunt said. “This is a light-touch, progressive, future-leaning way of...