In March, the group's leader said the group was expanding its...
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Nearly half of China’s major cities are sinking, researchers say
Subsidence already costs China more than 7.5 billion yuan ($1.04...
Binance founder Changpeng Zhao sentenced to 4 months in prison for allowing cybercriminals and terrorist grps to trade on cryptocurrency exchange
Changpeng Zhao, founder & former CEO, Binance It is the first...
Fully vaccinated people will no longer be required to quarantine after Covid exposure
“Fully vaccinated persons who meet criteria will no longer be required to quarantine following an exposure to someone with Covid-19,” the CDC said.
Investors vie for windfall from rejected covid insurance claims
Distressed-investing funds and litigation-finance boutiques are likely to be spoiled for choice after a landmark U.K. court ruling last month rejected pleas from insurers looking to dodge pandemic payouts. They’re looking to finance or buy denied Covid-19 insurance claims for policyholders without the means or stomach for taking their insurers to court.
“This is going to be huge,” said Steve Cooklin, chief executive officer of London-based litigation funder Manolete Partners Plc, whose biggest shareholder is veteran distressed investor Jon Moulton.
EU expert group at odds over how to resolve tech, carmakers’ patent dispute
Tech firm Nokia and automaker Daimler are locked in battle in German courts over the level of royalties for key navigation and communications technologies and who should pay them.
The issues are relevant for the wider digital and electronics sectors and internet-connected devices in energy, health and smart manufacturing, prompting EU regulators to look into the matter.
German cabinet approves legislation to ban glyphosate from 2024
Glyphosate, first developed by Bayer’s Monsanto under the Roundup brand, has generated intense global debate over its safety since a World Health Organization agency concluded in 2015 that it probably causes cancer.
While regulators worldwide have determined glyphosate to be safe, Bayer agreed in June to settle nearly 100,000 U.S. lawsuits for $10.9 billion, denying claims that Roundup caused cancer.
Biden administration asks U.S. Supreme Court to uphold Obamacare law
Biden, who was Obama’s vice president when the law was enacted, has promised to protect and build on Obamacare, which has enabled millions of Americans to obtain health insurance by expanding public healthcare programs and creating marketplaces for private insurance. Republicans have called it a government overreach.
Hack exposes vulnerability of US water plants
“In the industry, we were all expecting this to happen. We have known for a long time that municipal water utilities are extremely underfunded and under-resourced, and that makes them a soft target for cyberattacks,” said Lesley Carhart, principal incident responder at Dragos Security, which specializes in industrial control systems.
Irish central bank: We’ll act against insurers who don’t pay COVID-19 claims
Ireland’s High Court ruled on Feb. 5 that four publicans insured by FBD were entitled to be indemnified for losses under lockdown-linked claims, in a case that could have implications for over 1,000 similar contracts for FBD alone Gabriel Makhlouf said a number of insurers had already accepted and begun settling business-interruption claims as a before the court judgment in Dublin, as well as one in London.
Indian authorities assess damages after earthquake in Tajikistan
“Preliminary reports suggest there has been no destruction or building collapse but we will examine whether cracks have developed in dams, bridges or power plants,” said S.K. Singh, an official at the National Disaster Management Authority in New Delhi.
The Tajikistan Emergency Situations Ministry said the epicentre was 420 km (260 miles) east of the Tajik capital Dushanbe near the border with China.
The U.S Geological Survey put the quake’s magnitude at 5.9 and centred 35 km (55 miles) west of Murghob in Tajikistan, central Asia.
The seismic service of the country’s Academy of Sciences told Russia’s RIA Novosti that the quake’s intensity was measured at 6.1. The news agency said there were no casualties or damage, citing the Committee on Emergency Situations.
China, India, Indonesia, Malaysia among leaders in global logistics ranking
Asia Pacific experienced great turmoil in the beginning of 2020 due to the COVID-19 crisis, but it has rebounded strongly, led by the powerful performance of China and Vietnam. The region is on track for a full recovery this year,” says Andy Vargoczky, SVP of Sales & Marketing Asia-Pacific, Agility GIL.
“India, Indonesia, Malaysia, Thailand and Vietnam continue to improve their supply chain infrastructure and capabilities, showing why they are leaders in domestic and international logistics,” he said.
AXA XL appoints new global chief underwriting officer for Cyber
New Delhi: AXA XL announced that Michael Colao has joined as Global Chief Underwriting Officer, Cyber, reporting to the recently promoted Global Chief Underwriting Officer for Financial Lines, Libby Benet. Commenting on the development,Benet said: “Michael...