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Apple, Amazon fight off $600 million UK lawsuit over alleged ‘collusion’
The lawsuit was brought by consumer law academic Christine Riefa on...
NHS ransomware hack caused patient harm in UK, data shows
Ransomware attacks have surged by some 300% in the last decade, and...
New Zealand enacts a new law to modernise natural hazard insurance
The Bill’s name - Natural Hazards Insurance Bill - recognises the fact that EQC’s mandate extends further than just helping people recover from earthquakes. In fact, its insurance scheme also covers landslips, volcanoes, tsunami and hydrothermal activity. Making this...
No country met WHO air quality standards in 2021 – data
India's overall pollution levels worsened in 2021 and New Delhi remained the world's most polluted capital, the data showed. Bangladesh was the most polluted country, also unchanged from the previous year, while Chad ranked second after the African country's data was...
Boeing’s tenuous recovery shaken by 737 Jet crash in China
It’s too soon to know what caused the China Eastern accident, and investigations can take months or years to unfold. The lost airplane was relatively young, flying commercially for about seven years. Leading causes of such accidents tend to be maintenance issues,...
Berkshire Hathaway to buy Alleghany for $11.6 bn in return to dealmaking
Warren Buffett, chairman, Berkshire Hathaway Inc Buffett is diving deeper into the world of insurance with the Alleghany deal, an industry that has been key to the growth of Berkshire into a conglomerate with a market value of more than $750 billion With Alleghany,...
Chinese passenger plane with 132 aboard crashes in Guangxi province, no sign of survivors
Broadcaster CCTV said the accident involving a China Eastern Airlines Boeing 737 and occurred near the city of Wuzhou in Teng county. It said rescuers had been dispatched and there was no immediate word on numbers of dead and injured The twin-engine, single aisle...
Companies put brakes on $25 billion of deal-making as Ukraine war rages
More than $18 billion of the delayed deals are for debt financing, including bonds, loans and asset-backed securities, while the rest is for for mergers, acquisitions and initial public offerings Firms across the globe are ditching fund-raising deals at a quickening...
Australia to make Big Tech hand over data on misinformation
"Digital platforms must take responsibility for what is on their sites and take action when harmful or misleading content appears," Communications Minister Paul Fletcher said in a statement Australia's media regulator will be able to force internet companies to...
Hong Kong to ease strict COVID measures from April, lifts flight ban
Hong Kong's border has effectively been shut since 2020 with few flights able to land and hardly any passengers allowed to transit, isolating a city that had built a reputation as a global financial hub Hong Kong: Hong Kong plans to relax some anti-COVID-19 measures...
U.S. ESG shareholder resolutions up 22% to record level for 2022, study finds
Many seek details on carbon emissions or workforce diversity. Successes activists scored last year such as changing directors at Exxon Mobil Corp could make directors look at proposed changes more favorably, said sponsors of the review U.S. corporations face an...
China under pressure amid countrywide COVID-19 resurgence
China is battling its biggest virus surge in two years and numerous cities have imposed travel bans and lockdowns, including tech hub Shenzhen, which have shaken economic stability and global supply chains. China has clung to a zero-tolerance approach to the virus...