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GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
GM on Tuesday said it would get out of robotaxis “given the...
Nippon Life in talks to buy Resolution Life in deal worth $8.2 billion
Cross-border M&A involving Japanese companies has surged this...
Pace of risks pricing increase in Asia continues to decline in q4 2021
Cyber remained the most challenging coverage area in Asia , driven by ransomware claims, with considerable pressure on pricing and deductibles, a reduction in capacity, and narrowing of key coverages, said Marsh Hong Kong: Insurance pricing in the fourth quarter of...
Omicron subvariant BA.2 likely to have same severity as ‘original’ -WHO
BA.2 is more transmissible than the more common BA.1 and more able to infect vaccinated people, according to a Danish study which analysed coronavirus infections in more than 8,500 Danish households between December and January. The subvariant is already becoming...
Twitter challenges German rules for online reporting
The lawsuit filed at the administrative court in Cologne challenges a provision under Germany’s expanded anti-hate speech regulations that Twitter says allows user data to be passed to law enforcement before it is clear any crime has been committed Twitter has taken...
COVID-19: NeoCov’s potential danger to humans requires further study, says WHO
"It is only one mutation away from becoming dangerous for humans," researchers said in a paper posted on preprint website bioRxiv, and not peer-reviewed yet. However, according to the WHO, the question of whether the NeoCov coronavirus, recently discovered in bats in...
Families of crash victims ask US to reopen Boeing settlement
Last month, the families of more than a dozen passengers filed a motion in federal court in Fort Worth, Texas, alleging that the Justice Department violated a 2004 victims’ rights law by not consulting with them before reaching the settlement, which shielded Boeing...
Musk’s bets on Tesla: human-like robots and self-driving cars
"I would be shocked if we do not achieve full self-driving safer than human this year. I would be shocked," Musk said, predicting full self-driving would become "the most important source of profitability for Tesla." "It's nutty good from a financial standpoint," he...
Insurtech MIC Global receives ‘In-Principle’ approval to establish Lloyd’s Syndicate 5183
Harry Croydon, CEO and president of MIC Global, said: “MIC is a spark for innovation and change in the industry. We envision a world where insurance is accessible to everyone, which means creating new ways of providing coverage by leveraging our technology and...
U.S. judge annuls Gulf of Mexico oil auction over climate impact
Thursday's decision came after the environmental group Earthjustice challenged the sale on behalf of four other green groups, arguing U.S. President Joe Biden's Interior Department was relying on a years-old environmental analysis that did not accurately consider...
Nearly 30,000 Bitcoin millionaires wiped in last 3 months
"A combination of factors such as regulatory scrutiny, turbulent markets, geopolitical unrest, and Covid combined with having an adverse effect on the asset's performance. However, despite the volatile start to the year, a number of analysts continue to laud the asset...
U.S. crop insurance payouts rise sharply as climate change worsens droughts, floods
Insurance payments to farmers due to drought rose more than 400% between 1995 and 2020 to $1.65 billion, while payments due to excess moisture – like floods - rose nearly 300% to $2.61 billion, according to the nonprofit environmental group, which examined publicly...