The Boeing 737-800 coming from Bangkok belly-landed and overran the...
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Berkshire Hathaway raises new CEO’s salary to $25 million
Compensation for Greg Abel set by Mr. Buffett during that period,...
US seizes Russian-flagged oil tanker linked to Venezuela for violating sanctions
The only maritime energy transport allowed will be that consistent...
US news publisher sues Google for ‘siphoning off’ ad revenue via AI tech
The lawsuit claimed that Google's recent advances in AI-based search were implemented with "the goal of discouraging end-users from visiting the websites of Class members who are part of the digital news and publishing line of commerce." A US-based news publisher has...
China issues draft plan for data security incidents
The plan, which is currently soliciting opinions from the public, proposes a four-tier, colour-coded system depending on the degree of harm inflicted upon national security, a company's online and information network, or the running of the economy Beijing: China on...
Maersk to pause all container shipments through the Red Sea
"Following the near-miss incident involving Maersk Gibraltar yesterday and yet another attack on a container vessel today, we have instructed all Maersk vessels in the area bound to pass through the Bab al-Mandab Strait to pause their journey until further notice,"...
Millions of people in China dropping out of state health insurance: VOA Report
As per statistics released by China's National Healthcare Security Administration, in 2022, China had 1.34 billion people enrolled in state-subsidized basic health insurance but that was 17.05 million fewer than in 2021 An associate professor at Central China Normal...
US regulators add artificial intelligence to potential financial system risks
Janet Yellen,Treasury Secretary ,US The Financial Stability Oversight Council, which comprises top financial regulators and is chaired by Treasury Secretary Janet Yellen, flagged the risks posed by AI for the first time in its annual financial stability report It also...
Swiss Re acquires Fathom, a leader in water risk intelligence
Russell Higginbotham, CEO of Swiss Re Reinsurance Solutions, said: "We are very pleased to join forces with Fathom in our quest to narrow the protection gap for natural catastrophe risks, such as floods. Fathom's market-leading research and innovative tools in this...
Tesla recalls over 2 million vehicles in US fitted with its Autopilot
Tesla said in a recall filing that Autopilot’s software system controls “may not be sufficient to prevent driver misuse” and could increase the risk of a crash. Tesla is recalling just over 2 million vehicles in the United States fitted with its Autopilot advanced...
Red Sea shipping costs rising after Houthis target more commercial vessels
War risk premiums have risen this week to between 0.1%-0.15% to 0.2% of the value of a ship, from 0.07% last week, according to market estimates on Tuesday. While various discounts would be applied, this still translates into tens of thousands of dollars of additional...
Infrastructure faces $600 billion hit in worst-case climate shift – study
The researchers describe this worst-case scenario in terms of governments moving late, or unexpectedly, to impose taxes on carbon emissions. Those abrupt moves would drive an inflation-fueling price shock that would see interest rates rise, impacting the net-asset...
Google’s court loss to Epic Games may cost billions but final outcome years away
Epic Games will now have a chance to submit a court filing on how it wants Google’s Play Store to be fixed — potentially putting at risk what Wells Fargo estimates is $10 billion in annual revenue from app sales and in-app purchases for the tech giant Google’s...