Toscafund Asset Management and other minority shareholders of Caravela Seguros are exploring a sale of the Portuguese insurer, according to people familiar with the matter. London-based Toscafund, which owns a 48% stake in Caravela, has hired Mediobanca to advise on …

Just as European companies were getting used to last year’s hard-won U.S. trade tariff deals, President Donald Trump has put them back in his crosshairs with an explosive threat to place levies on nations that oppose his planned takeover of …

Chilean President Gabriel Boric declared a state of catastrophe in two southern regions of the country where raging wildfires have killed at least 15 people and forced tens of thousands to evacuate. Ante los graves incendios en curso he decidido …

South Africa declared a national disaster after severe weather conditions led to deadly floods across parts of the country. Heavy rainfall, strong winds, lightning and flooding have resulted in loss of life, significant damage to infrastructure and property, environmental degradation …

California Attorney General Rob Bonta sent xAI a cease-and-desist letter that orders the company to immediately halt the creation and distribution of deepfake, nonconsensual, intimate images and child sexual abuse material. Creating, distributing, publishing or exhibiting child sexual abuse material …

Allstate can move forward in its recovery of $4.7 million it paid to settle fraudulent medical claims with a Houston, Texas medical facility, the 5th U.S. Circuit Court of Appeals said. The federal appellate court reversed a lower court’s ruling …

Trump administration officials vowed to keep US coal power plants operating, casting it as an imperative to meet surging electricity demand and drive a revival of the nation’s industrial base. “The goal is 100% open,” said Interior Secretary Doug Burgum. …

Dealmakers predict an uptick in mergers and IPOs for retailers and consumer goods companies this year after punishing tariffs on imports to the U.S. had sidelined activity in the industry for the first half of 2025. Several national restaurant and …

Texas state health officials have proposed raising licensing fees by as much as 13,000% for some hemp businesses, among a slate of changes that many industry members and advocates say will shutter small operations in favor of large out-of-state companies. …

The Texas Department of Insurance, Division of Workers’ Compensation (DWC) adopted amendments to the Texas Administrative Code, concerning medical disputes for workers’ compensation claims and preauthorization, concurrent utilization review, and voluntary certification of health care. The amendments are necessary to …

Boeing warned plane owners in 2011 about a broken part that contributed to a UPS plane crash that killed 15 last year but at that point the plane manufacturer didn’t believe it threatened safety, the National Transportation Safety Board said …

AM Best has upgraded the Financial Strength Rating (FSR) to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “aa-” (Superior) from “a” (Excellent) of Michigan Millers Mutual Insurance Company based in Lansing, Michigan, a …

A federal court has ordered a Wisconsin-based multicounty medical care partnership to pay $162,486 in back wages and liquidated damages to 68 case managers after a U.S. Department of Labor investigation found the employer did not pay case managers all …

Federal lawmakers have begun to discuss numerous pieces of legislation focusing on the evolving automobile industry, with legislation addressing consumer data rights, parts and repair, pedestrian safety, driver-assistance technology and even catalytic-converter theft. In preparation for a hearing Jan. 13, …

Georgia’s governor said Wednesday that he wants to spend $1.8 billion to unclog one of traffic-choked Atlanta’s notorious chokepoints on the most important highway between the Midwest and Florida. Republican Gov. Brian Kemp, serving his last year in office, says …

A federal judge on Thursday cleared Norwegian offshore wind developer Equinor to resume work on its New York Empire Wind project, which President Donald Trump’s administration halted along with four other projects last month. The ruling by U.S. District Judge …

U.S. auto safety regulators have granted Tesla a five-week extension to respond to an investigation into whether its vehicles violated traffic laws while the Elon Musk-led company’s Full Self-Driving system was engaged. The National Highway Traffic Safety Administration said on …

Lloyd’s, the insurance and reinsurance marketplace, announced that Jim Bichard has been appointed as chief financial officer. He will start in April 2026 and will become a member of Lloyd’s Executive Team, reporting directly to Patrick Tiernan, chief executive, and …

Greensill Bank, a subsidiary of collapsed finance firm Greensill Capital, is suing Britain’s business department for just over 330 million pounds ($441.7 million) after it canceled guarantees for COVID-19 business loans, court documents showed. The administrators of the German-based bank …

Venezuela’s oil industry is running its day-to-day operations via phone calls and handwritten reports in the month since a cyberattack on state-owned oil giant Petróleos de Venezuela SA. A Dec. 15 attack shut down PDVSA’s system, leaving the company to …