Along with a full transaction ban on two major Russian oil...
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Apple loses landmark UK lawsuit over app store commissions
The Competition Appeal Tribunal (CAT) ruled against Apple after a...
Re/insurance industry needs to push boundaries of risk taking in a fragmenting world: Experts
“While the universe of risks is expanding, the world is...
Anti-ESG movement in U.S. feeds anxiety among UK investors
In the US, there’s evidence that anti-ESG rhetoric has led some financial firms to tone down their commitments to ESG in their conversations with clients. And pension funds have been caught in a long-running battle between the Biden administration and Republicans over...
Global initiative launched to rate corporate carbon offset claims
The Claims Code of Practice launched by the Voluntary Carbon Markets Integrity Initiative (VCMI), backed by the British government, seeks to help investors establish whether claims made by companies using carbon offsets are credible A standard to assess companies’...
Indictment details plan to steal Samsung secrets for Foxconn China project
The unreleased 18-page indictment, reviewed by Reuters, provides details in the case against former Samsung executive Choi Jinseog, including how he is alleged to have stolen Samsung's trade secrets and details about the planned Foxconn plant. SEOUL: When former...
Audi ex-boss becomes first VW board member sentenced over diesel scandal
The case is among the most prominent in the aftermath of the diesel scandal, when parent group Volkswagen and Audi admitted in 2015 to having used illegal software to cheat on emissions tests Former Audi boss Rupert Stadler was handed a suspended sentence of one year...
Top central bankers assert need for higher interest rates to tackle persistent inflation
The clear message was that rates would stay high until the inflation beast is subdued, according to a panel discussion with US Federal Reserve Chair Jerome Powell, European Central Bank President Christine Lagarde, Bank of England Gov. Andrew Bailey and Bank of Japan...
Some Dutch people seeking euthanasia cite autism or intellectual disabilities, researchers say
Between 2012 and 2021, nearly 60,000 people were killed at their own request, according to the Dutch government's euthanasia review committee Countries, including Belgium, Canada and Colombia, have legal euthanasia, but the Netherlands is the only one that shares...
Howden appoints Rowan Douglas as CEO, Climate Risk and Resilience
Rowan Douglas as CEO, Climate Risk & Resilience Howden’s climate and resilience capabilities will span physical risks, the risks associated with de-carbonisation, the wider risks stemming from the low carbon transition and growing legal liability risks faced by...
‘Long COVID’ may obstruct return to normal life for 36 million Europeans: WHO
Over the first three years of the global health emergency, 36 million people across the region may have experienced “long COVID”, a complex condition that scientists still know very little about, according to data from WHO’s partner, the Institute for Health Metrics...
New rules aim to clamp down on corporate greenwashing
The norms published on Monday have been written by the International Sustainability Standards Board (ISSB) as trillions of dollars flow into investments that tout their environmental, social and governance credentials David Harris, head of sustainable finance...
Australia regulator tells Medibank to set aside $167 mln after data breach
Medibank last year disclosed that a hacker stole the personal information of 9.7 million current and former customers and released the data on the dark web in one of Australia's biggest data thefts. At least three separate class action suits have been filed against...