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US sues Apple, alleging it illegally monopolized the smartphone market
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Top $5 trillion investor group pushes firms to cut out thermal coal
In a report seen by Reuters ahead of its release on Monday, the alliance said all companies owned by the group needed to develop their own plans to transition away from thermal coal.
“If no long-term carbon footprint reduction can be produced the members will need to escalate and ultimately divest,” Günther Thallinger, Member of the Board of Management, Investment Management, Environmental, Social and Governance (ESG) at Allianz, said.
Bezos beats defamation lawsuit over photos leaked to enquirer
A California state judge, who had issued a tentative ruling dismissing the case on Thursday, officially tossed it out on Friday under a law protecting free-speech rights.
English judge blocks $6.6 billion Brazil lawsuit against BHP over burst dam
The case is the latest battle to establish whether multinationals can be held liable for the conduct of subsidiaries abroad.
The collapse of the Fundao dam, which is owned by the Samarco joint venture between BHP and Brazilian iron ore mining giant Vale VALE3.SA, killed 19 and sent a torrent of mining waste into communities, the Doce river, and the Atlantic Ocean, 650 kilometres (400 miles) away. It was Brazil’s worst environmental disaster.
The ruling comes about 18 months after the UK Supreme Court ruled that nearly 2,000 Zambian villagers could sue miner Vedanta in England for alleged pollution in Africa because substantial justice was not obtainable in Zambia.
One in five COVID-19 patients develop mental illness within 90 days – Lancet study
People have been worried that COVID-19 survivors will be at greater risk of mental health problems, and our findings … show this to be likely,” said Paul Harrison, a professor of psychiatry at Britain’s Oxford University.
Doctors and scientists around the world urgently need to investigate the causes and identify new treatments for mental illness after COVID-19, Harrison said.
“(Health) services need to be ready to provide care, especially since our results are likely to be underestimates (of the number of psychiatric patients),” he added.
Global Markets: Risk assets cheer Biden win, dollar nurses losses
“The best opportunities now lie within segments of emerging markets, in particular China and North Asia. I believe earnings momentum and valuation put China in a very attractive risk/reward position.”
Chinese shares started higher with the blue-chip CSI300 index .CSI300 up 2.2% on hopes of better Sino-U.S. trade relations under Biden.
Buffett’s Berkshire suffers in Covid pandemic even as Apple boosts profit
Insurance profit fell 58% to $802 million, reflecting lower premiums at Geico, COVID-19, Hurricanes Laura and Sally, and lower income from investments as interest rates tumble.
Geico awarded drivers $2.5 billion of credits on policy renewals this year, and Berkshire said its accounting for those credits should hurt underwriting results through March 2021.
Biden seen reversing climate deregulation
Among his main accomplishments, Trump withdrew the United Stated from the Paris Agreement to combat global warming; replaced Obama-era rules meant to cut greenhouse gas emissions from power plants and drilling operations; reduced automobile fuel efficiency targets; downsized wilderness national monuments; gave permits to energy companies seeking to build oil pipelines; and proposed opening new parts of the Arctic, Pacific, and Atlantic oceans to drilling
With cases soaring, Biden to announce COVID-19 task force
The coronavirus task force will be charged with developing a blueprint for containing the disease once Biden takes office in January. It will be headed by three co-chairs, former surgeon general Vivek Murthy, former Food and Drug Administration commissioner David Kessler, and Dr. Marcella Nunez-Smith of Yale University, according to two people familiar with the matter.
Global coronavirus cases exceed 50 million after 30-day spike
The pandemic’s recent acceleration has been ferocious. It took 32 days for the number of cases to rise from 30 million to 40 million. It took just 21 days to add another 10 million.
Europe, with about 12 million cases, is the worst-affected region, overtaking Latin America. Europe accounts for 24% of COVID-19 deaths.
The region is logging about 1 million new infections every three days or so, according to a Reuters analysis. That is 51% of the global total.
Pak airlines may be banned from flying to 188 countries over pilots issue
Due to the licence scam, flag carrier Pakistan International Airlines (PIA) has already been barred from flying to the UK and the European Union, The Express Tribune report said.
The scam cam to light after Ghulam Sarwar Khan, the Federal Minister for Aviation, had revealed in August that 262 pilots including 141 of the PIA held fake credentials.