Hacks and scams cost the crypto industry an estimated $1.8 billion...
Category:
International News
Latest
Sanctions are finally starting to bite Moscow’s oil supply chain
Indian oil refiners — Moscow’s second-biggest customers after China...
Apple, Google, Meta targeted in EU’s first Digital Markets Act probes
The European Union law, effective from March 7, aims to challenge...
U.S. agency orders Ford to recall 3 million vehicles over air bags
The defect, which leads in rare instances to air bag inflators rupturing and sending potentially deadly metal fragments flying – especially after long-term exposure to high humidity – prompted the largest automotive recall in U.S. history of more than 67 million inflators. Worldwide, about 100 million inflators installed by 19 major automakers have been recalled.
California COVID-19 benefits fraud could reach $9.8 billion
The state has acknowledged that the department was bilked out of hundreds of millions of dollars in COVID-19 unemployment funds that went to fraudsters, including some in the name of U.S. Sen. Dianne Feinstein. Others were sent to inmates in jails and prisons, including some on California’s death row.
Massachusetts Governor vetoes sweeping climate change Bill
A highlight of the bill is the goal of attaining a net-zero greenhouse gas emission limit by 2050 in part by setting new statewide limits every five years to help the state reach the goal.
The bill would also increase requirements for purchasing offshore wind energy and write into state law the criteria used to define “environmental justice populations” – communities with lower incomes, larger numbers of non-English speaking adults, or with a nonwhite population of 25% or more.
European satellites could help catch the next climate change disaster
The new climate models also have the potential to help investors make better decisions. Storms, fires and floods killed at least 8,200 people and cost the world $210 billion in insured losses in 2020, according to a report published this month by Munich Re. Those damages could swell as the world inches closer to crossing the 1.5 degree Celsius warming threshold that scientists predict will lead to more frequent superstorms and higher sea levels.
Nord Stream 2’s future looks increasingly uncertain
Zurich Insurance Group AG terminated all of its coverages impacted by the sanctions and engineering firm Bilfinger SE is said to have cut ties with the project.
U.S. Supreme Court wrestles with dispute over Baltimore climate suit against energy firms
Baltimore and the other jurisdictions are seeking damages under state law for the harms they said they have sustained due to climate change, which they attribute in part to the companies’ role in producing fossil fuels that produce carbon dioxide and other greenhouse gases. The claims involve oil production and marketing, not the harmful emissions themselves.
The plaintiffs, for instance, have said they have had to spend more on infrastructure such as flood-control measures to combat sea-level rise caused by a warming climate.
SCOR develops biometric risk calculator to improve the life underwriting process
SCOR’s latest digital innovation, Vitae, addresses these key underwriting complexities through the automation of the risk assessment process. Vitae is a cutting-edge biometric risk calculator based on advances in medical research and employing innovative Machine Learning techniques.
Elon Musk to offer $100 million prize for ‘best’ carbon capture tech
Capturing planet-warming emissions is becoming a critical part of many plans to keep climate change in check, but very little progress has been made on the technology to date, with efforts focused on cutting emissions rather than taking carbon out of the air.
New China swine fever strains point to unlicensed vaccines
Two new strains of African swine fever have infected more than 1,000 sows on several farms owned by New Hope Liuhe, China’s fourth-largest producer, as well as pigs being fattened for the firm by contract farmers, said Yan Zhichun, the company’s chief science officer.
Biden rolls back Trump policies on wall, climate, health, Muslims
“Some of the executive actions I’m going to be signing today are going to help change the course of the COVID crisis, we’re going to combat climate change in a way that we haven’t done so far and advance racial equity and support other underserved communities” said U.S. President Joe Biden