Trump Seeks Up to $10 Billion in Damages From BBC Over Editing of January 6 Speech
President Donald Trump sued the BBC for up to $10 billion in damages over edited clips of a speech that made it appear he directed supporters to storm the U.S. Capitol, opening an international front in his fight against media …
POSTED DECEMBER 16, 2025 12:32 PM |
Venezuela Says Oil Export System Down After Weekend Cyberattack
Venezuela’s state oil company is still struggling to restore key administrative systems after what it called a cyberattack that hit over the weekend. Petroleos de Venezuela SA’s network, which manages export and import data at the country’s main crude terminal …
POSTED DECEMBER 16, 2025 10:52 AM |
‘Shadow Banking’ Growing at Double the Rate of Traditional Lenders, FSB Says
The non-bank financial sector’s share of global assets grew to 51%, or $256.8 trillion, last year and expanded at double the rate of the traditional banking industry, the Financial Stability Board said on Tuesday. Non-bank financial intermediaries involved in what …
POSTED DECEMBER 16, 2025 9:23 AM |
Bjak Founder Weighs IPO as Malaysia Insurtech Seeks Expansion Into Europe
Bjak Sdn, Malaysia’s largest online insurance aggregator, is mulling an initial public offering within the next two years as it seeks to enter Europe. Bjak is eyeing new markets in Spain and Germany in 2026 following its recent expansion in …
POSTED DECEMBER 16, 2025 8:23 AM |
McKinsey Plots Thousands of Job Cuts in Slowdown for Consulting Industry
As McKinsey & Co. partners gathered in the consulting giant’s birthplace in late October, Bob Sternfels delivered a rallying cry. “We will kick some ass as we start our second century,” the firm’s top executive told the thousands of attendees. …
POSTED DECEMBER 16, 2025 7:11 AM |
FDA Sends Warning Letters to Walmart, Target for Selling Recalled Baby Formula
The U.S. Food and Drug Administration has sent warning letters to four major retailers for continuing to sell baby formula linked to a nationwide outbreak of bacterial illness in infants, even after the products were recalled, the health regulator’s website …
POSTED DECEMBER 16, 2025 6:09 AM |
Alabama Approves Licenses for Med Marijuana Dispensaries With 2026 Start
he Alabama Medical Cannabis Commission on Thursday approved licenses for dispensaries, a key step to making medical marijuana available in the state after years of delay. Commission Chairman Rex Vaughn estimated the products will be available in the spring of …
POSTED DECEMBER 16, 2025 6:02 AM |
NSI Insurance Acquires Florida-Based Mutual Insurance Group
Miami-based NSI Insurance Group has acquired another Miami-headquartered brokerage, Mutual Insurance Group, adding another milestone for the company that has doubled in size in recent years. “We are pleased to welcome Mutual Insurance Group to NSI Insurance Group, as we …
POSTED DECEMBER 16, 2025 6:02 AM |
People: Canal Insurance in SC Names Grimm Chief Underwriting Officer
Trucking coverage specialist Canal Insurance, based in Greenville, South Carolina, has named Matthew Grimm chief underwriting officer, effective this week. Grimm has more than 30 years of experience in the property-casualty insurance business, including leadership roles at Integrated Specialty Coverages, …
POSTED DECEMBER 16, 2025 6:02 AM |
Angels President Wished He’d Known About Drug Use Before Pitcher’s Fatal Overdose
The president of the Los Angeles Angels baseball team testified in a wrongful death lawsuit that the fatal overdose of pitcher Tyler Skaggs was tough for the club and he wished he had known sooner about drug use by the …
POSTED DECEMBER 16, 2025 6:00 AM |