Telegram CEO Held Over Alleged Failure to Stop Crime on App
Pavel Durov, the chief executive officer of Telegram, has been detained in France over claims that the messaging service failed to properly fight crime on the app, including the spread of child sexual abuse material. The 39-year-old Russian-born billionaire was …
Uber Hit by Record $324 Million Fine for Data Transfers to US
Uber Technologies Inc. was hit by a record €290 million ($324 million) fine by the Dutch privacy watchdog for failing to abide by European protection standards when it shipped swathes of sensitive data about its drivers to the US. The …
Kroger Case Tests FTC Chair’s Bid to Protect Workers
Federal Trade Commission Chair Lina Khan’s initiative to use antitrust laws to protect workers faces a key test starting Monday when the agency will argue the merger between grocery chain Kroger and its rival Albertsons would crush unionized workers’ bargaining …
What Policies Have Worked to Fight Climate Change? Answer: When the Polluter Pays.
To figure out what really works when nations try to fight climate change, researchers looked at 1,500 ways countries have tried to curb heat-trapping gases. Their answer: Not many have done the job. And success often means someone has to …
People Moves: Chaucer Hires Baker From AXA XL to Lead Political Violence Team; EagleView Hires Cooke for Enterprise Growth
Global specialty insurer Chaucer hired Alex Baker as class underwriter within its political violence and crisis management team. Baker will lead the delivery of their growth strategy and portfolio management in the US market. Baker previously worked at AXA XL …
North Carolina Supreme Court Says Speedway Can Sue Over COVID Closure
RALEIGH, N.C. (AP) — A North Carolina racetrack, shuttered briefly for defying state gathering limits during the pandemic, can sue the top health regulator on allegations that Gov. Roy Cooper’s administration violated the constitutional rights of its operators by trying …
Wildfire Risk Harms California Home Values, San Francisco Fed Study Finds
California’s wildfires are weighing on home prices more than in the past, and insurance availability does little to help in areas considered to be at higher risk, according to a Federal Reserve Bank of San Francisco study. “Our results suggest …
Judge Narrows Star Russian Soprano’s Lawsuit Against Met Opera
Anna Netrebko’s lawsuit against the Metropolitan Opera was narrowed to gender discrimination claims by a federal judge, who agreed to dismiss the star soprano’s allegations of defamation, breach of contract and discrimination because of national origin. U.S. District Judge Analisa …
Smoke Plume Over Houston Fades After TPC Restores Power
Texas chemical producer TPC Group Inc. has restored normal operations at its facility that spewed thick, black smoke into the Houston sky for almost four hours Monday. The plant, which makes chemicals used to manufacture tires, lost power during a …
Fires Spotted on Red Sea Tanker Drifting With Oil on Board
The UK Navy said that three fires have been observed on a ship attacked in the Red Sea earlier this week. The Sounion’s crew were evacuated from the ship in the past few days after the vessel was struck by …
Texas and Southwest Face Scorching Heat Wave
AUSTIN, Texas (AP) — Summer heat scorched Texas and the Southwest this week, pushing Phoenix to nearly 90 consecutive days of triple-digit temperatures and putting millions of people under excessive heat warnings. Meanwhile, energy demand in Texas hit an unofficial …
OneDigital Expands With Acquisition of Elite Insurance in Tennessee
OneDigital, an insurance brokerage, financial services and human resources firm based in Atlanta, has acquired Elite Insurance Solutions, a property-casualty insurance agency in Franklin, Tennessee, the company announced this week. Elite was founded in 2008 by Mike Stansbury and Randy …
Blackouts in Extreme Weather Create Demand for Cleaner Backup Power
Software engineer Kenna Ofoegbu in Houston, Texas tries hard to keep his three kids cool during the summer and that means air conditioning. Yet their house has lost power three times in just the past two and a half months. …
People Moves: Hub Names Smith President of Carolinas Ops
Hub International Ltd., the global insurance broker, has named Tim Smith president and CEO of its operations in the Carolinas. Smith was previously the chief sales officer at Hub International Carolinas and was a Charlotte-area market leader. Before that, he …
Arkansas County to Pay $3M Settlement Over Detainee’s 2021 Death in Jail
FORT SMITH, Ark. (AP) — A county in western Arkansas has approved a $3 million settlement with the family of a man who died from dehydration and malnutrition while being held in a local jail. The Sebastian County Quorum Court …
Vibrant Green Fields Signal a Big US Corn Crop and Weak Prices
Between hail, strong winds, floods and plant disease, US corn crops were put through some tough times this summer. But somehow, the fields of green blanketing America’s heartland have proved to be ever resilient. Those are the findings heading into …
FBI: From Cybercrime to Terrorism, America Faces Many Elevated Threats ‘All at Once’
The country is facing heightened threats from many corners at a time when law enforcement agencies are struggling, FBI Director Christopher Wray said in an exclusive interview, adding that he is “hard pressed to think of a time in my …
Fed’s Powell Says ‘Time Has Come’ to Cut Interest Rates
JACKSON HOLE, Wyoming, Aug 23 (Reuters) – Federal Reserve Chair Jerome Powell said on Friday “the time has come” for the U.S. central bank to cut interest rates as rising risks to the job market left no room for further …
Parent of Risk Strategies and One80 Intermediaries Closes $1 Billion Financing Deal
Accession Risk Management Group, the parent company of specialty insurance brokerages Risk Strategies and One80 Intermediaries, reports it has closed a $1 billion incremental debt raise and refinancing. Accession Risk Management Group is a portfolio company of Kelso & Co., …
Complex Salvage Operations Begin as Last Body Is Recovered From Wrecked Superyacht
Italian divers have retrieved the body of British tech magnate Mike Lynch’s18-year-old daughter, Hannah, who was the last person still unaccounted for after the family’s luxury yacht sank this week off Sicily. Seven people, including Lynch himself, died when the …
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