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What Does Red Sea Disruption Mean for Europe’s Economy?

Weeks of attacks by Iranian-backed Houthi militants on vessels in the Red Sea have disrupted shipping in the Suez Canal, the fastest sea route between Asia and Europe, carrying around 15% of global sea trade. For the European economy, already …

Microsoft’s Bing, Edge to Avoid EU’s Digital Dominance Crackdown

Microsoft Corp.’s Bing search engine, Edge web browser and Advertising services are set to be exempt from strict new European Union antitrust rules reining in Big Tech platforms because watchdogs tentatively concluded they’re not dominant enough to be hit by …

Broken Pipes in Memphis Cause Water Pressure, Supply Problems

(AP) — Subfreezing conditions and treacherous roadways have contributed to dozens of deaths this month across the U.S., where states as far south as Texas and Florida were gripped by deadly arctic weather on Sunday. Nationally, winter storms have claimed …

SEC Blames ‘SIM Swapping’ for its X Account Hack

Wall Street’s top regulator was the victim of “SIM swapping,” a technique internet fraudsters use to seize control of telephone lines, when its account on the social media platform X, formerly known as Twitter, was hacked earlier this month, the …

J&J Agrees to Resolve Talc Investigations in 42 States

Johnson & Johnson on Tuesday said it had reached a tentative settlement to resolve probes by U.S. states into whether it misled consumers about the safety of its talc products, which thousands of lawsuits claim can cause cancer. The deal …

Massachusetts Hospital Faces Class Action Over Christmas Cyber Attack

A Massachusetts hospital that suffered a cyber attack in December has been hit with a class action lawsuit for its alleged failure to secure patients’ personal information. Anna Jaques Hospital in Newburyport experienced a significant shutdown of its electronic medical …

911 Calls From Maui Capture Pleas for Stranded, and Those Caught in Fire’s Chaos

The day after the deadliest U.S. wildfire in a century destroyed a seaside community on Maui, the barrage of 911 calls didn’t stop: Reports of missing people, stranded family members and confused tourists trapped without food or water lit up …

Markets/Coverages: CFC Launches Embedded Transaction Liability Insurance Product

Specialty insurance provider CFC has launched what it is calling the first ever transaction liability insurance product to be embedded into online M&A platforms in the USA. CFC is initially making its Seller Protect available on the Flippa.com online M&A …

Florida to Borrow Billions to Backstop Insurers After Hurricanes

The state corporation that oversees the Florida Cat Fund is planning to borrow as much as $3.8 billion to ensure the fund has plenty of money on hand to reimburse property insurers for losses when homes are damaged or destroyed …

US Appeals Court Revives Mexico’s $10B Lawsuit Against Gun Maker

A U.S. appeals court on Monday revived a $10 billion lawsuit by Mexico seeking to hold American gun manufacturers responsible for facilitating the trafficking of weapons to drug cartels across the U.S.-Mexico border. The Boston-based 1st U.S. Circuit Court of …

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