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After Hedge Fund Interest, UK’s Flood Re Plans More Cat Bonds
Britain’s ultimate backstop against flood-related losses is planning to rely more on the capital markets, after its first ever catastrophe bond drew a lot of interest from specialist investors including hedge fund Fermat Capital Management. Flood Re, a state-backed insurance …
POSTED FEBRUARY 27, 2026 10:41 AM |
How China Is Masking Drone Flights in Potential Taiwan-Invasion Rehearsal
A large Chinese military drone has conducted regular flights over the South China Sea in recent months while transmitting false transponder signals that made it appear to be other aircraft, including a sanctioned Belarusian cargo plane and a British Typhoon …
POSTED FEBRUARY 27, 2026 10:06 AM |
Heavy Rains Kill Dozens in Southeast Brazil as Flood Risks Mount
Heavy rains that began Monday night have left dozens dead and caused widespread destruction in southeastern Brazil, exposing a longstanding structural problem of housing in high-risk areas vulnerable to seasonal downpours. Storms in the state of Minas Gerais caused rivers …
POSTED FEBRUARY 27, 2026 9:29 AM |
Corporate Treasuries Are Slow to Adopt AI, Survey Finds
Treasury departments in global companies are struggling to adopt artificial intelligence tools, according to a Crisil Coalition Greenwich survey, underscoring how slowly the technology is penetrating a critical function in corporate finance. Crisil’s survey of 100-plus firms from the US, …
POSTED FEBRUARY 27, 2026 9:00 AM |
Amazon Loses Bid to Throw Out 2 Mass Lawsuits From UK Retailers, Consumers
Amazon on Thursday lost its latest bid to try to throw out two mass lawsuits from retailers and consumers worth up to 4 billion pounds ($5.41 billion) for allegedly abusing its dominant position. Andreas Stephan, a competition law academic, brought …
POSTED FEBRUARY 27, 2026 8:45 AM |
Sweden Tells Energy Sector to Raise Security, but Faces no Specific Threat
Sweden has told its energy industry to raise security levels following a recent cyberattack on Polish infrastructure, although this was not in response to a specific threat, the Nordic country’s signal intelligence agency said on Thursday. Swedish TV4, citing unnamed …
POSTED FEBRUARY 27, 2026 8:32 AM |
Vanguard Settles Collusion Suit for $29.5 Million
Texas said Vanguard Group Inc. agreed to pay a total of $29.5 million to settle a lawsuit brought by a dozen states that accused the asset manager of colluding to manipulate the energy market and reduce coal output. As part …
POSTED FEBRUARY 27, 2026 6:42 AM |
Ford Recalling 4.3 Million US Vehicles Over Software Issue
Ford Motor Thursday it is recalling 4.3 million pickup trucks and SUVs in the U.S. because a software error may cause trailer brakes not to function and exterior lights to fail. The U.S. automaker said the recall covers the 2021 …
POSTED FEBRUARY 27, 2026 6:09 AM |
Walmart to Pay $100 Million to Settle FTC Case on Driver Wages
Walmart Inc. agreed to pay $100 million Thursday to settle a lawsuit by the US Federal Trade Commission and a group of states alleging the company withheld tips and misrepresented wages to drivers who deliver orders as part of its …
POSTED FEBRUARY 27, 2026 6:08 AM |
Hacker Used Anthropic’s Claude to Steal Mexican Data Trove
A hacker exploited Anthropic PBC’s artificial intelligence chatbot to carry out a series of attacks against Mexican government agencies, resulting in the theft of a huge trove of sensitive tax and voter information, according to cybersecurity researchers. The unknown Claude …
POSTED FEBRUARY 27, 2026 6:05 AM |
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