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Biden Signs #MeToo Law Curbing Confidentiality Agreements
President Joe Biden on Wednesday signed legislation curbing the use of confidentiality agreements that block victims of sexual harassment from speaking publicly about misconduct in the workplace. White House press secretary Karine Jean-Pierre said Biden had acted on the bipartisan …
POSTED DECEMBER 09, 2022 12:23 PM |
Meta Battles FTC Over Future of Virtual Reality
The Biden administration on Thursday accused Meta Platforms Inc. of trying to buy its way to dominance in the metaverse, kicking off a high-profile trial to try to prevent the Facebook parent from buying virtual reality app developer Within Inc. …
POSTED DECEMBER 09, 2022 10:08 AM |
G7 Price Cap on Russia Oil Not to Blame for Tanker Queues: EU Says
The Group of Seven countries’ price cap on Russian oil is not responsible for a queue of tankers waiting in the Black Sea to pass through Istanbul’s Bosphorus Strait on the way to the Mediterranean, the European Commission said. The …
POSTED DECEMBER 09, 2022 10:05 AM |
Sanctions, Insurance Standoff Escalates, With More Oil Tankers Stuck in Turkish Strait
A standoff over sanctions and insurance that has caused a jam of oil tankers at the key Bosphorus shipping strait escalated on Thursday, leaving millions of barrels of crude stuck. Late last month, Turkey insisted on proof that oil-carrying ships …
POSTED DECEMBER 09, 2022 9:53 AM |
Zurich Insurance Emerges as Front-Runner to Buy MetLife’s Malaysia Business
Zurich Insurance Group AG has emerged as the front-runner to buy a majority stake in the Malaysian insurance business of US insurer MetLife Inc. and Kuala Lumpur-listed AMMB Holdings Bhd., according to people with knowledge of the matter. A deal …
POSTED DECEMBER 09, 2022 8:15 AM |
Sunshine Insurance Declines in Hong Kong Trading Debut
China’s Sunshine Insurance Group Co. declined in its trading debut after Hong Kong’s fourth-largest deal this year, potentially the last big listing in the Asian hub before the end of 2022. Shares of the Beijing-based firm dropped as much as …
POSTED DECEMBER 09, 2022 7:59 AM |
Embroker: Cybersecurity a Top Investment Focus for Startup Founders in 2023
Cybersecurity concerns will likely remain a focus for startup founders in 2023, according to the recent Embroker Cyber Risk Index: Startup Edition. The report said startup founders cited cybersecurity protections as one of their three non-negotiable areas of investment for …
POSTED DECEMBER 09, 2022 6:22 AM |
Lindberg Claims Buyer for Carolina Insurance Companies, But Liquidation Has Begun
North Carolina insurance executive and reported billionaire Greg Lindberg, now awaiting a second trial on bribery charges, says he has a buyer for his troubled insurance companies. But state regulators point out that liquidation proceedings have already begun. As of …
POSTED DECEMBER 09, 2022 6:01 AM |
One Year Later: Kentucky Agency, Community Recovering from Powerful Tornado
A year ago Saturday, one of the most powerful tornadoes to hit the United States ripped through western Kentucky with 190-mph winds, destroying multiple homes, businesses, a candle factory, churches, a county courthouse and a city hall — along with …
POSTED DECEMBER 09, 2022 6:01 AM |
Germany’s BASF to Restore Polluted Superfund Site in New Jersey
TOMS RIVER, N.J. (AP) — The German chemical company BASF will restore damaged natural resources at a notorious Superfund site where decades or pollution and illegal dumping caused vast contamination of the environment, New Jersey officials said Monday. The state …
POSTED DECEMBER 09, 2022 6:00 AM |
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