News
Second U.S. Safety Agency Investigates Fatal Texas Tesla Crash
The National Transportation Safety Board said Wednesday it will investigate last week's crash of a Tesla Model 3 that struck a home at high speed in Katy, Texas, fatally injuring a 76-year-old ...
How Doublet Earthquakes That Struck Venezuela Happen
The two powerful earthquakes that struck Venezuela's northern coast, killing more than 180 people, were an event known as a "doublet." Doublet earthquakes happen when a pair of similar-sized quakes ...
Debt, AI Boom and Financial Fragilities Raise Global Risks, BIS Says
Global pressures from rising public debt to financial fragilities and the sustainability of the AI boom are increasing risks, underscoring the need for disciplined policymaking, according to the Bank ...
U.S. and World Bank Creating Political Risk Insurance for Ukraine Fund
The U.S. International Development Finance Corporation has agreed with the World Bank's guarantee arm MIGA to create a political risk insurance framework for a U.S.-Ukrainian reconstruction ...
More Americans Expected to Travel Over July 4th Holiday
Nearly 72.2 million Americans will travel at least 50 miles from home for Independence Day between Saturday, June 27 and Sunday, July 5. This year's domestic travel forecast surpasses last year's ...
PE-backed Insurance Broker Hub International Files Confidentially for U.S. IPO
Private equity-backed insurance broker Hub International announced on Friday that it has confidentially filed for an initial public offering in the United States. The Chicago-based company was valued ...
Older Buildings, Substandard Construction Left Venezuela Vulnerable to Earthquakes
Older buildings, substandard construction, and geography left many neighborhoods in Venezuela vulnerable to strong earthquakes like the ones that struck the country this week. Engineers and other ...
Supply Shocks Beyond Hormuz: Other Ports Face ‘High’ Risk of Disruption
Supply chain shocks extend beyond the Strait of Hormuz, according to research from Verisk Maplecroft, which finds roughly one-third of major ports and airports are exposed to 'high' or 'very high' ...