Insurance
Justice Department Scrutinizes Child Welfare Algorithm for Possible Bias
The Justice Department has been scrutinizing a controversial artificial intelligence tool used by a Pittsburgh-area child protective services agency following concerns that it could result in discrimination against families with disabilities, The Associated Press has learned. The interest from federal …
Read More Hackers Who Breached ION Say Ransom Has Been Paid; Company Declines Comment
The hackers who claimed responsibility for a disruptive breach at financial data firm ION say a ransom has been paid, although they declined to say how much it was or offer any evidence that the money had been handed over. …
Read More UK Engineering Company Vesuvius Hit by Cyber Attack
UK engineering company Vesuvius Plc said it’s managing a cyber-security incident involving unauthorized access to its systems. The molten metal flow control firm has shut down affected systems and initiated steps to assess the scale of the attack, it said …
Read More Powerful Earthquakes Hit Turkey and Syria, Killing More Than 1,000 People
Some of the most powerful earthquakes in decades hit the Middle East on Monday, killing more than 1,000 people in Turkey and Syria, and forcing a halt in crude oil flows to a key export terminal. A first 7.7 magnitude …
Read More Corporate Financial Health to Worsen Across the Globe, Janus Henderson Says
Corporate financial health will worsen across the globe this year, failing to gain respite from signs that inflation has peaked and hopes for an economic soft landing, asset manager Janus Henderson said in a report released on Monday. Its global …
Read More ‘Shadow Fleet’ of Tankers Transporting Russian Oil Swells to 600 Ships: Trafigura
The “shadow fleet” of ships that transport Russian oil around the world has expanded to around 600 tankers, according to trading giant Trafigura. About 400 crude oil vessels, or 20% of the global fleet, have “switched” from mainstream trades to …
Read More Factbox: Here Are Main Elements of New G7-Led Price Cap on Russian Oil Products
The Group of Seven rich nations, the European Union and Australia have set price caps for Russian diesel and other refined petroleum products to keep markets supplied while limiting Moscow’s revenues when an EU embargo kicks in. The EU measure, …
Read More G-7 Nations, EU Agree to Price Caps on Russian Refined Oil Products
European Union countries agreed to set price caps on Russian refined oil products to limit Moscow’s funds for its invasion of Ukraine, the Swedish presidency of the EU said on Friday. EU diplomats said the price caps are $100 per …
Read More FTC Is Preparing Potential Antitrust Case Against Amazon
The US Federal Trade Commission is preparing a possible lawsuit against Amazon.com Inc. that could be filed as soon as this spring, according to people familiar with the investigations. The allegations the agency is preparing to make and the timeline …
Read More Tesla’s Elon Musk Found Not Liable in Trial Over 2018 ‘Funding Secured’ Tweets
A U.S. jury on Friday found Tesla Inc. CEO Elon Musk and his company were not liable for misleading investors when Musk tweeted in 2018 that he had “funding secured” to take the electric car company private. Plaintiffs had claimed …
Read More