Global Economy
Uber Spent More than $1B on Driverless Cars So Far
Uber Technologies Inc. has spent more than $1 billion on autonomous vehicle technology to compete with giants such as Alphabet Inc., Apple Inc. and General Motors Co. The ride-hailing company ...
GE’s ‘Incomplete’ Hudson River Cleanup Leading to New York Lawsuit Against the EPA
New York state officials plan to sue the U.S. Environmental Protection Agency for allowing General Electric Co to stop clearing the Hudson River of PCB contamination before the cleanup work was ...
Several Oil Companies Allege U.S. Government Sold Toxic Crude
Exxon Mobil Corp. is the latest company to raise concerns that a stockpile of U.S. government crude is tainted with poisonous gas. The American energy giant said some of the oil it purchased last ...
Executives On the Move at Zurich and Third Point Re
Zurich Insurance's Canadian Unit named a new head of Liability, who starts in the position on July 1. Third Point Reinsurance Ltd. hired a veteran industry executive to lead its specialty treaty ...
Lloyd’s Syndicate Ascot Underwrites New Global Crop Insurance Platform
Farmers can now for the first time insure their produce against price volatility as easily as insuring their homes, with a global platform based on hundreds of niche commodity indexes, underwritten ...
Lemonade’s New $300M Financing Will Propel Expanded Insurance Offerings, European Push
Tech-driven insurance startup Lemonade Inc has signed a $300 million funding round led by Japan's SoftBank Group Corp, the company said on Thursday. Other investors included insurer Allianz SE, ...
Lloyd’s Will Now Restrict Drunk People From Entering Its Offices
Lloyd's continues to tighten up its workplace rules by restricting people from entering Lloyd's premises who are drunk or under the influence of drugs. The new rule, which was included in a market ...
British PM May Wins Oct. 31 Brexit Extension
European Union leaders gave Theresa May a new Brexit deadline of Oct. 31, four months longer than the prime minister asked for, in a move the EU summit chair said would let Britain resolve its ...