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SEC stays climate disclosure rule amid legal challenges
The U.S. Securities and Exchange Commission’s first-of-its-kind...
Baltimore shipping set to resume by end of April with full capacity by end of May
The Port of Baltimore ranks first in the United States for the...
Boeing warns pilots in wake of deadly Indonesian 737 crash
In the bulletin, the company lists various causes that can trigger a loss of control, which include malfunctions and incorrect actions by pilots. Preventing such concurrences “involves the active participation of both pilots,” it said.
“Active monitoring skills are essential to facilitate early detection of conditions that can lead to an airplane upset,” the company said. An upset occurs when a plane flies too slowly or banks, climbs or descends too steeply.
WhatsApp to move ahead with privacy update despite backlash
In its latest blog bit.ly/3ufc9Eq, WhatsApp said it will start reminding users to review and accept updates to keep using the messaging platform.
“We’ve also included more information to try and address concerns we’re hearing,” it added.
Bitcoin nears $1 trillion market value as crypto jump tops stocks, gold
This month, Tesla Inc. disclosed a $1.5 billion investment and MicroStrategy Inc. boosted a sale of convertible bonds to $900 million to buy even more of the token. That brought the coin closer to corporate America.
“If companies’ fundamentals are going to become closely tied to movements in Bitcoin because they’ve suddenly become speculators on the side, we’re going to be in bubble territory before you know it,” said Craig Erlam, senior market analyst with Oanda Europe Ltd.
UK’s supreme court rejects Uber appeal, says drivers are workers
The judges agreed with an earlier tribunal decision that found two Uber drivers were workers” under British law, therefore entitling them to benefits such as paid holidays and the minimum wage.
Swiss Re records larger-than-expected annual loss,eyes 2021 recovery from pandemic fallout
Swiss Re and its competitors have faced large claims from the pandemic, such as those for cancelled events, as well losses from hurricanes and wildfires in the United States.
“We are confident in the outlook for 2021 with COVID-19 losses mostly behind us,” Chief Executive Christian Mumenthaler said, adding the rollout of COVID-19 vaccines provided hope.
Researchers urge delaying Pfizer vaccine’s second dose as first highly effective
There are differences over the merits of such strategies, with some arguing the urgency of the pandemic requires flexibility, while others oppose abandoning data-driven approaches for the sake of expediency.
Air pollution kills thousands in megacities despite COVID lockdowns
Japan’s capital Tokyo suffered the highest financial cost with approximately 40,000 deaths and economic losses of $43 billion, it added. Lockdowns to stem the spread of the new coronavirus in major cities have forced millions to work from home, while slowing economies have slashed carbon dioxide emissions.
U.K. to set up Green Finance hubs to support banks and insurers to invest in renewables
The goal is to “equip banks with the latest environmental and scientific intelligence to help companies of all sizes,” according to the statement. Researchers will aim to create products and services that help tackle climate change and its effects, including tools to measure storm and flood-risks.
U.K. points to Political Risk in new Hong Kong business guidance
The UK government updated its guidance Tuesday for the business risk level in Hong Kong to include a warning that a China-drafted national security law imposed last year was “already reducing the extent to which the people of Hong Kong are able to exercise their fundamental rights and freedoms.”
The guidance also lays out recent political changes in Hong Kong, citing “increasing concerns” about freedom of speech and the risk of police action against perceived national security threats.
Australian regulator raises antitrust doubts over Aon’s $30-billion Willis Towers bid
The regulator said the deal may lead to price increases or reduced service levels for large or high-value commercial insurance customers and may also limit the insurance coverage and pricing smaller brokers could get for their customers.