The H5N1 strain of bird flu has killed or caused the culling of...
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Issuance of cat bonds set to hit a record this year
Catastrophe bonds are generally issued by insurers looking to pass...
Cyberattack plunges US auto retail industry into disarry
The outage impacting CDK's dealer management system, used to...
Public, not polluters, too often pay to clean up environment, EU auditors say
“Polluters need to pay for the environmental damage they cause,” said report author Viorel Stefan. “Up to now, though, European taxpayers have far too often been forced to bear the costs that polluters should have paid.”
The auditors looked at a sample of 42 environmental clean-up projects, backed by 180 million euros ($214 million) of EU funds, to fix issues like industrial pollution and contaminated landfill sites in Italy, Poland and Portugal.
U.K. is easing Covid rules, bringing businesses fresh concerns
Ministers highlight the link between infections, hospitalizations and deaths has been weakened by one of the world’s most advanced vaccination programs, yet infections have increased by two-thirds in the past week, fueled by the fast-spreading delta variant.
Tony Danker, director-general of the Confederation of British Industry, said it will be “critical” to build both customer and employee confidence and that the government has a “vital” role to play in providing guidance to employers. The big question remains: Will consumers come back?
Unveiling its last petrol car, Lotus sets off in pursuit of Porsche
The Emira, which will start at around 60,000 pounds ($83,000), is the first new petrol Lotus model in more than a decade but it will be the last powered by fossil fuels.
Lotus is currently developing an electric sports car platform in partnership with Renault for the French company’s Alpine brand, and that framework will also be available to other carmakers.
Lotus and its Chinese owner Geely want to transform what is now a tiny company making some 1,500 sports cars a year into an electric powerhouse churning out tens of thousands of high-end saloons and sports-utility vehicles (SUVs) as well.
Glass Lewis recommends vote against Adani director over Australian project
Adani Enterprises’ Australian unit, Bravus Mining & Resources, is developing the Carmichael mine in Queensland to sell thermal coal to India – a controversial project due to concerns about global warming. The coal will be transported via the Abbot Point Terminal.
Up to 1,500 businesses affected by ransomware attack, says US firm’s CEO
One of those tools was subverted on Friday, allowing the hackers to paralyze hundreds of businesses on all five continents. Although most of those affected have been small concerns – like dentists’ offices or accountants – the disruption has been felt more keenly in Sweden, where hundreds of supermarkets had to close because their cash registers were inoperative, or New Zealand, where schools and kindergartens were knocked offline.
New Zealand gov’t to establish consumer data right
“Any data shared through the consumer data right will only take place with a person’s informed consent and would be strictly used for the reasons agreed upon. For example, if a person was seeking financial advice, they could ask their bank to share data, such as transaction information, with their chosen adviser,” New Zealand, Commerce and Consumer Affairs Minister David Clark said.
50 dead, 49 injured in Philippine military’s worst air disaster
A video taken by troops showed the aircraft landing in clear weather then vanishing beyond the airport. It vanished, it vanished, one soldier exclaims. Dark gray smoke later billowed from the crash site in a wooded area as the troops, yell, It fell, it fell and let off curses in horror.
AXA XL appoints Marine Ress as Chief Underwriting Officer, Casualty for APAC & Europe
Etienne Champion, Chief Underwriting Officer, APAC & Europe, said: “The casualty insurance market has seen increased frequency and severity of losses in recent years and is undergoing transformation due to the emergence of new risks, notably those associated with new technologies. Our clients and brokers turn to us to help them navigate these developments.”
Hackers demand $70 mln to restore data held by companies hit in cyberattack
The demand was posted on a site typically used by the REvil cybercrime gang, a Russia-linked group that is counted among the cybercriminal world’s most prolific extortionists.
Israel sees steep drop in Pfizer vaccine efficacy rate: Report
The government is considering reinstating additional coronavirus-related restrictions after restoring a mandate to wear masks indoors in public spaces. Officials are also discussing whether to recommend a third dose of vaccine, the report said.