Global Economy
Europe’s Digital Health Pass Plans Confront Data Security and Fraud Risks
As Europe races to set up a digital health pass scheme to save the holiday season from the pandemic, technical and political obstacles are showing just how big a challenge the world faces in building ...
GEICO Must Pay $2.7M to Settle Claim After Rejecting $30,000 Payout
GEICO Indemnity Co.'s refusal to settle a bodily injury claim for $30,000 will cost it more than $2.7 million, under a ruling Monday by the Georgia Supreme Court. The high court's 7-0 decision ...
Facial Recognition Tech Should Be Banned: EU Privacy Watchdog
Facial recognition should be banned in Europe because of its "deep and non-democratic intrusion" into people's private lives, EU privacy watchdog the European Data Protection Supervisor (EDPS) said ...
NYC Sues Three Major Oil Companies Over Climate Change Claims
New York City on Thursday sued three major oil companies and the top industry trade group in state court, arguing that the companies are misrepresenting themselves by selling fuels as "cleaner" and ...Slice Labs CEO Attia Adapts After a Challenging COVID Year
About a year ago, two months into the COVID-19 pandemic, Slice Labs laid off about a third of its staff due to the coronavirus-related economic environment. Like many other startups, the company ...
Business Travelers Eager to Fly Again, With Focus on Extra Precautions: Chubb Survey
Business travelers are itching to travel again for work and life, but most remain concerned at the same time about contracting COVID-19 and favor extra precautions, according to a new global survey ...
Without Mitigating Action, Climate Change Could Shrink Global GDP 18% by 2050: Swiss Re
If no mitigating action is taken, global temperatures could rise by more than 3°C in the next 30 years and the world economy could shrink by 18 percent, reveals a new Swiss Re Institute report. But ...
Viewpoint: More Assertive SEC Gets Tough on SPACs
Investor Jeremy Grantham says special purpose acquisition companies, which raise money in an initial public offering and then find a promising company with which to merge, are a "license to rip ...