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Zurich Insurance CEO criticizes climate clubs after exodus
Mario Greco, who led his firm out of the Net-Zero Insurance...
US business owners seek increased insurance protection amid mounting risks – study
“The devastation caused by natural disasters has heightened urgency...
ADB Introduces Contingent Disaster Financing for Natural Disasters
Asia and the Pacific is the world’s most natural disaster-prone region. Between 2014 and 2017, countries in the region suffered 55 earthquakes, 217 storms and cyclones, and 236 cases of severe flooding, affecting 650 million people and causing about 33,000 deaths, according to the United Nations.
Leaked document warned of fuel, food, medicine shortages if No-Deal Brexit
“But it is also the case that the UK government is far more prepared now than it was in the past, and it’s also important for people to recognize that what’s being described in these documents… is emphatically a worst-case scenario,”
Novo Nordisk to fight Danish shareholder lawsuit seeking $1.75 Billion
“It is a very complex case and it’s not black-and-white. I am far from certain, that Novo will lose this case,” Sydbank’s analyst Soren Lontoft Hansen told Reuters.
U.S. investigating lung diseases linked to e-cigarettes
E-cigarettes are generally thought to be safer than traditional cigarettes, which kill up to half of all lifetime users, according to the World Health Organization. But the long-term health effects of the nicotine devices remain largely unknown. In April, the U.S. Food and Drug Administration began an investigation into seizures among e-cigarette users.”
Trade war uncertainty could cost global economy $585 billion
According to a report by Bloomberg Economics’ Dan Hanson, Jamie Rush and Tom Orlik, uncertainty over commerce could decrease world gross home product by 0.6% in 2021, relative to a situation with no commerce war. That’s double the direct impression of the tariffs themselves and the equal of $585 billion off the International Monetary Fund’s estimated world GDP of $97 trillion in 2021.
Brexit minister signs order to end all EU laws in Britain
The European Communities Act 1972 is the vehicle that sees regulations flow into British law directly from the EU’s lawmaking bodies in Brussels
Walmart CEO calls for US Congress to debate assault weapons ban
McMillon also expressed support for stronger background checks and policies that would take weapons away from people who pose immediate danger. Walmart runs background checks on all gun purchases and only sells to customers who have cleared them, the company said.
Facebook warned its employees, not users, about 2018 breach, Lawsuit says
Judge William Alsup told Facebook in January he was willing to allow “bone-crushing discovery” in the case to uncover how much user data was stolen.
General Electric engaged in ‘bigger fraud than Enron’: Whistleblower
To investigate GE’s fraud, investigator Harry Markopolos team went out and located the eight largest Long-Term Care (LTC) insurance deals that GE is a counterparty to, accounting for approximately 95 per cent or more of GE’s exposure.
Major Bluetooth bug leaves devices vulnerable
As Engadget reports, the KNOB attack allows hackers to interfere with the Bluetooth pairing procedure by making the connection’s encryption key shorter than required. This makes it easier for hackers to intrude and spy on data shared between devices.