6 06, 2025

World’s Auto Supply Chain Is in Hands of a Few Chinese Bureaucrats

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In a hulking grey building just east of Tiananmen square in Beijing, a small team in China’s Ministry of Commerce is deciding the fate of the global auto industry, one rare earth magnet export permit at a time. China holds …

6 06, 2025

Russia’s Aeroflot to Settle Deals for Last 36 Planes Leased From West

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Russian flag carrier Aeroflot expects to sign settlement deals with Western insurers and leasing firms on the last 36 planes from a total of 228 aircraft it agreed to buy, Aeroflot head Sergei Aleksandrovski told Russian newspaper Kommersant. Aircraft leasing …

6 06, 2025

Crews Work to Contain Diesel Fuel Spill in Baltimore Harbor

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State, city and U.S. Coast Guard crews of more than 100 people worked overnight to contain and clean up a 2,000-gallon diesel fuel spill in Baltimore’s harbor. On Wednesday at 11 a.m., first responders received what Johns Hopkins Hospital believed …

6 06, 2025

Satellite Data Capturing Burned Acres Show Canada Wildfire Season off to Wild Start

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While images of wildfires capture their ferocity, data can provide insight into how bad a fire season is. Such is the case with two graphics, powered by satellite data, that showcase a Canadian wildfire season off to a wild — …

6 06, 2025

Senators Propose Air Safety Reforms for National Airport After Fatal Collision

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A group of seven Democratic senators on Thursday introduced sweeping air safety legislation after a fatal collision between an Army helicopter and an American Airlines regional jet in January near Reagan Washington National Airport killed 67 people. Lawmakers have questioned …

6 06, 2025

Cyber Incidents in Canada Triple in 2 Years: QBE Research

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Significant cyber incidents have tripled in two years in Canada, driven by technological, socioeconomic and geopolitical factors such as the war in Ukraine, according to research from commercial insurer QBE. Disruptive, globally significant and successful cyberattacks have increased from 10 …

6 06, 2025

New Zealand All Blacks Rugby Team Agrees Sponsorship Deal With Broker Gallagher

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New Zealand Rugby agreed a sponsorship deal with Gallagher insurance that will give the US-based insurance brokerage naming rights on the playing kit of the All Blacks rugby team. Gallagher’s brand will appear on training and match-day shorts of the …

6 06, 2025

Credit Suisse, SoftBank Fight Over Greensill Losses in $440 Million London Lawsuit

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Credit Suisse’s $440 million London lawsuit against Japan’s SoftBank Group Corp. kicked off on Thursday over losses linked to Greensill Capital, with the collapsed finance firm’s founder Lex Greensill expected to give evidence next week. The case, which centers on …

6 06, 2025

US Supreme Court Makes ‘Reverse’ Discrimination Lawsuits Easier to Pursue

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The U.S. Supreme Court made it easier on Thursday for people from majority backgrounds such as white or straight individuals to pursue claims alleging workplace “reverse” discrimination, reviving an Ohio woman’s lawsuit claiming she was illegally denied a promotion and …

6 06, 2025

AM Best Upgrades Credit Ratings of Members of Midwest Insurance Group

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AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a” (Excellent) from “a-” (Excellent) of Midwest Insurance Company (Springfield, Illinois), West River Insurance Company (Sioux Falls, …