“Threat actors continue to use the widespread IT outage for...
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Major global IT outage grounds flights, hits banks and businesses around the world
A global tech outage that appeared to be related to issues at...
Global tech outage disrupts industries, highlights risks of interconnected world
A software update by global cybersecurity firm CrowdStrike appeared...
French chef seeks $1.9 million from Allianz for Covid-19 BI losses
Tensions between French restaurant operators and insurers over such claims have failed to dissipate after a year of public fights and legal disputes. AXA, which was ordered to compensate some restaurants, offered a 300 million-euro settlement to its policyholders last week, seeking to appease clients.
Global COVID-19 death toll exceeds 4 mln
The top five countries by total number of deaths – the United States, Brazil, India, Russia and Mexico – represent about 50% of all deaths in the world, while Peru, Hungary, Bosnia, the Czech Republic and Gibraltar have the highest death rates when adjusted for population. Countries in Latin America are facing their worst outbreak since March, with 43 of every 100 infections in the world being reported in the region, according to a Reuters analysis
UN chief: Desertification and drought destabilizing well-being of 3.2 billion people
Having contributed to the collapse of biodiversity and promoting zoonoses – diseases which jump from animals to humans
Audrey Azoulay, Director-General of the Educational, Scientific and Cultural Organization (UNESCO) called desertification “another reminder” that human health and that of the environment, are “deeply intertwined”.
Desertification and drought also increase water scarcity, at a time when two billion people still lack access to safe drinking water, said Ms. Azoulay, adding that “over three billion may have to confront a similar situation by 2050”.
GM boosts spending on electric vehicles, to add two new U.S. battery plants
“EV adoption is increasing and reaching an inflection point,” GM Chief Financial Officer Paul Jacobson told reporters on a conference call. “We want to be ready to be able to produce the capacity that we need to meet demand over time.”The No. 1 U.S. automaker said it will now spend $35 billion through 2025 on EVs, an increase of 75% from March 2020 before the COVID-19 pandemic shut down the industry.
US Justice Department sues to block Aon’s acquisition of Willis Towers Watson
“Today’s action demonstrates the Justice Department’s commitment to stopping harmful consolidation and preserving competition that directly and indirectly benefits Americans across the country,” said Attorney General Merrick B. Garland.
Coca-Cola’s market value plunges $4 billion after Cristiano Ronaldo’s snub
Coca-Cola’s share price dropped from $56.10 to $55.22 almost immediately after Ronaldo’s gesture, a 1.6% dip. The market value of Coca-Cola went from $242bn to $238bn – a drop of $4bn.
The Portugal captain is a renowned health fanatic and made it clear what he thinks of the carbonated soft drink.
Japan considering limited domestic spectators at Olympics – media
Foreign spectators are already prohibited from the Olympics beginning on July 23. Organisers and government officials in Japan have said they would continue to work on coronavirus measures for a “safe and secure” Games, and that a decision on domestic spectators would be made this month.
Alibaba victim of huge data leak by consultant: Chinese Court
A central Chinese court ruled that an employee of a consultant that helps merchants on Alibaba’s Taobao online mall was guilty of dredging up more than a billion data items on Taobao users since 2019, using that to serve clients. The court imposed jail terms of more than three years on the staffer and his employer, alongside fines totaling 450,000 yuan ($70,260).
AXA XL appoints new leadership for Global Political Risk, Credit & Bond
AXA XL underwrites PRCB coverages to large organizations on a global basis. This class includes Political Risk insurance, Credit insurance covering the non-payment of debt obligations and providing commercial bonding requirements around the globe.
G7 brightens outlook for new nature pact but pandemic threatens deadline
Last year, a U.N. report showed the world’s governments had fallen short on global targets set in 2010 to protect biodiversity, though cases of conservation suggested the destruction of nature can be slowed, and even reversed.