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New Crypto Coalition Vows to Address Potential for Fraud

A group of major cryptocurrency firms including Coinbase, Circle, Anchorage Digital and Huobi Global are forming a new coalition aimed at cracking down on market manipulation in an effort to instill trust in the burgeoning digital asset industry. The Crypto …

Court Nixes Damages Theory Behind Apple, Broadcom $1.1B Verdict Over WiFi Patents

A U.S. appeals court on Friday threw out a jury verdict ordering Apple Inc. and Broadcom Inc. to pay $1.1 billion to the California Institute of Technology for infringing its Wi-Fi technology patents, and ordered a new trial on damages. …

Insurance Services Provider McLarens Opens Madrid Office

Global insurance services provider McLarens has opened a new office in Madrid, Spain. In addition to expanding its European footprint, and handling losses in Spain for McLarens’ global client base, the office will serve Spanish and global clients with interests …

EU Regulators Call for Action to Catch Up to Potential Systemic Risk of Digital Finance

Rapid action is needed to update how cross-border financial services are scrutinized and consumers protected as the sector becomes digitalized with “Big Tech” playing an increased role, European Union regulators said on Monday. People are turning to social media and …

People Moves: Howden Appoints Former WTW Executive Aubert as CEO of France

Howden, the London-based insurance broker, announced the appointment of industry veteran Nicolas Aubert as CEO, France. After holding roles in various countries, notably in the UK market where he held major positions at AIG and Willis Towers Watson, he returns …

Google Sued by Price Comparison Provider, PriceRunner, for $2.4 Billion

STOCKHOLM — Swedish price comparison firm PriceRunner said on Monday it was suing Alphabet-owned Google for about 2.1 billion euros ($2.4 billion), the latest firm to take legal action alleging the search giant manipulated search results. Google in November lost …

Cost of UK Auto Insurance in 2021 at 6-Year Low, but Cost Pressures Begin to Bite: ABI

The average price paid by motorists for their motor insurance in 2021 fell to its lowest level in six years according to the ABI’s latest Motor Insurance Premium Tracker. However, there is evidence that sustained cost pressures are beginning to …

Shares in French Care Homes Company Korian Drop as It Faces Group Lawsuit

Shares in French care homes company Korian slid lower on Monday after a Paris lawyer said she was preparing a group lawsuit against the company. Lawyer Sarah Saldmann told FranceInfo radio over the weekend that she had received “dozens of …

Louisiana Power Company Seeks $450 Million For Stronger Electric Grid

Louisiana’s largest power company is asking the Federal Emergency Management Agency for $450 million to make its electric grid more resilient, under a program to help communities prepare for hurricanes and other extreme weather. Entergy Corp.’s eight grant applications include …

Massachusetts Lawmakers Advance Internet Data Privacy Bill

A bill that would grant Massachusetts residents what supporters describe as fundamental internet privacy rights — including greater control over their personal information — is making its way through the Statehouse. The bill, which would set standards for how companies …

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