Carlyle Group Inc. is unveiling a new framework for portfolio risk so that asset values reflect the insurance implications associated with severe weather shocks. The $475 billion Washington-based firm says the current standard — whereby money managers are reactive rather …
President Donald Trump last week credited his tough immigration policies for a drop in car insurance premiums, falsely blaming illegal immigration during his predecessor’s time in the White House for a prior increase. In a Monday post on Truth Social, …
Thirteen people were killed and dozens injured after an explosion at Qatar’s massive Ras Laffan liquefied natural (LNG) gas complex which occurred as workers were restarting operations halted after an Iranian attack in March. Authorities said a ‘technical accident’ occurred …
Eurocommerce, the European retail association whose members include Amazon, H&M, Inditex, and Ikea, is asking EU tech chief Henna Virkkunen to exempt AI-generated advertisements from the bloc’s new regulation requiring disclosure of AI use. The European Union AI Act, which …
The chairman of the U.S. Federal Energy Regulatory Commission said moves to help AI data centers accelerate hook ups to the country’s electric grids reflect a new and more interventionist approach by the regulator. FERC on Thursday approved a series …
The fire threat across the U.S. West will rise Friday and remain dangerous through Saturday for many areas, including Northern California, as lightning strikes risk igniting dry vegetation. Critical fire weather conditions and dry lightning will prevail across the western …
Three Amazon.com Inc. workers say the company violated a Seattle ordinance by interrogating them after they testified in favor of regulation of data centers in the city. Darius Irani, Patrick Schloesser and Liesl Wigand, members of an employee group that …
Recent flooding in South Africa’s Western Cape province, which includes the tourist hub of Cape Town, caused more than 9 billion rand ($548 million) of damage, a total that’s expected to rise once final assessments are completed. “Our infrastructure budget …
John Paulson was awarded more than $47 million by an arbitrator who found that the billionaire’s former Puerto Rico business partner cheated him on one investment and usurped him on another. Fahad Ghaffar breached his fiduciary duty by advising Paulson …
Meta Platforms has lobbied the U.S. Congress for legal immunity from child-harm claims tied to social media products such as Instagram, as it faces thousands of lawsuits from young users and their families, according to a source familiar with the …