International
Shell Appeals $2 Billion Court Judgment in Nigerian Oil-Spill Case
A Nigerian court will hear Royal Dutch Shell Plc's appeal to overturn an almost $2 billion award against the company for allegedly spilling oil in the West African country. The energy giant is ...
Investors Cannot Sue German Regulator for Wirecard Collapse, Court Rules
Investors who lost money from investing in Wirecard AG shares can't make Germany's financial regulator Bafin compensate them, a Frankfurt court ruled. The tribunal on Wednesday threw out four suits ...
Net-Zero Insurers’ Climate-Friendly Plans to Exit Coal Impeded by Antitrust Laws
A group of the world's biggest insurers and reinsurers that jointly pledged to eliminate greenhouse gas emissions from their underwriting activities have run into an unexpected opponent of their ...
Lloyd’s Weighs Future of Headquarters as Market Embraces Flexible Working
Lloyd's of London is reviewing its real estate needs as the historic insurance market embraces flexible working. "As we adapt to new structures and flexible ways of working, we are continuing to ...
Credit Suisse in Chaos After Chairman Ousted for Breaching COVID Rules
The banker tasked with fixing Credit Suisse Group AG was ousted just nine months into the job for breaching COVID quarantine rules, throwing the Swiss financial giant into fresh turmoil as it ...
Thawing Permafrost Could Damage Up to 50% of Arctic Infrastructure
Thawing permafrost could put as much as 50 percent of Arctic infrastructure at high risk of damage by 2050, requiring tens of billions of dollars in maintenance and repairs, scientists warned. The ...
‘Cybersecurity Failure’ Identified as Critical Global Threat: WEF Report
"Cybersecurity failure" was identified as a critical short-and-medium-term threat to the world by respondents of the World Economic Forum's Global Risks Perception Survey (GRPS). GRPS respondents ...
Climate Change Is Top Global Risk for the Next Decade: World Economic Forum
There's little faith in the global economic recovery accelerating, with officials and business leaders citing climate change and rising social tensions, alongside the pandemic, among their top risks, ...