Posts by Y@DminG
Trump Says He’s Doubling Tariffs on Canadian Steel, Aluminum
President Donald Trump said he would increase steel and aluminum tariffs on Canada to 50% to retaliate against Ontario’s move raising taxes on electricity sent to the US, ramping up his fight with the US’s largest trading partner. “This will … Source: Claims Journal
Read MoreWells Fargo Sues JPMorgan Over Troubled $481M Real Estate Loan
Wells Fargo sued JPMorgan Chase on Monday to recover losses for investors in a $481 million commercial real estate loan that was allegedly based on a fraudulently inflated financial metric. The lawsuit pits the fourth-largest U.S. bank against the largest, … Source: Claims Journal
Read MoreFrance Warns of Soaring Insurance Costs From Climate Change
French households, businesses and local authorities will face soaring costs for insurance if the country fails to adapt to a changing climate, the government said Monday. The cost of climate disasters may double in the 30 years through 2050, reaching … Source: Claims Journal
Read MoreIBM Wins UK Suit Against Lzlabs Over Alleged Mainframe Technology Theft
IBM on Monday won a London lawsuit against U.S. tech entrepreneur and philanthropist John Moores’ company LzLabs, which the IT giant accused of stealing trade secrets. IBM sued Switzerland-based LzLabs, two English subsidiaries and their ultimate owner Moores, who previously … Source: Claims Journal
Read MoreChina’s Auto Titans Push for AI, Flying Cars and New Plates
As China’s political elite gathered for the annual National People’s Congress in Beijing last week, auto executives offered a range of ambitious policy proposals aimed at propelling the industry into the next era of smart mobility. From flying cars to … Source: Claims Journal
Read MoreFEMA Cancels Classes at National Fire Academy Amid Federal Funding Cuts
The country’s preeminent federal fire training academy canceled classes, effective immediately, on Saturday amid the ongoing flurry of funding freezes and staffing cuts by President Donald Trump’s administration. The Federal Emergency Management Agency announced that National Fire Academy courses were … Source: Claims Journal
Read MoreMusk Blames X Outage on Cyberattack
Social media platform X went down for nearly 12,000 users on Monday, which owner Elon Musk said was the result of a cyberattack. “There was (still is) a massive cyberattack against X. We get attacked every day, but this was … Source: Claims Journal
Read MoreNew York AG Sues National General and Allstate Over Data Breach
New York’s Attorney General filed a lawsuit against National General and Allstate Insurance Co. for failing to protect New Yorkers’ personal information from cyberattacks. Letitia James’ office today filed the suit from incidents in 2020 and 2021, when National General … Source: Claims Journal
Read MoreUS Supreme Court Nixes Challenge to State Climate Suits Against Oil Firms
The U.S. Supreme Court rejected on Monday a bid by 19 Republican-led states led by Alabama to block five Democratic-led states from pursuing lawsuits accusing major oil companies of deceiving the public about the role fossil fuels have played in … Source: Claims Journal
Read MoreCascading Extreme Weather Events Unleash Billions in Damages Globally
First came a dry spell that parched the land, then a spark, followed by some wind. Suddenly, swaths of South Carolina were consumed by voracious flames. More than 100 fires ignited in the state last weekend — an unusually high … Source: Claims Journal
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