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HSBC Holdings said on Monday it would book a $1.1 billion provision in its third-quarter results after losing part of an appeal in a long-running lawsuit tied to Bernard Madoff’s Ponzi scheme, history’s biggest ever such fraud. HSBC acted as … Source: Claims Journal

U.S. carrier Alaska Airlines said it had restored operations after a technology outage that grounded flights across the country and forced it to cancel more than 400 flights, disrupting travel for more than 49,000 passengers. Alaska Air Group said it … Source: Claims Journal

Cyber analytics firm CyberCube said losses from the Amazon Web Services outage could eclipse $580 million. CyberCube late last week put out a preliminary global insured loss estimate of between $38 million and $581 million for the AWS event, which … Source: Claims Journal

The National Highway Traffic Safety Administration is expanding its probe into 286,000 General Motors vehicles in the U.S. over a possible engine failure issue, the safety regulator said on Monday, following several complaints, despite a recall. The NHTSA said the … Source: Claims Journal

American companies led by Alphabet Inc.’s Waymo have drawn much of the limelight with driverless cars deployed almost entirely on home soil. Now that some are beginning to look abroad, they’ll have to share roads with Chinese companies quietly making … Source: Claims Journal

Hurricane Melissa plowed toward Jamaica as a powerful Category 5 storm, threatening to bring widespread destruction to the island. Source: Claims Journal

U.S. carrier Alaska Airlines said early on Friday it had restored operations following a technology outage that grounded flights across all airports and led to the cancellation of more than 229 flights. Shares of the airline fell 5.4% in morning … Source: Claims Journal

U.S. carrier Alaska Airlines said early on Friday it had restored operations following a technology outage that grounded flights across all airports and led to the cancellation of more than 229 flights. Shares of the airline fell 5.4% in morning … Source: Claims Journal

Europe’s auto industry is working around the clock to prevent the conflict with China over chipmaker Nexperia from triggering production outages. Task forces at Volkswagen AG and ZF Friedrichshafen AG are scouring for replacement supplies and boosting semiconductor stockpiles. While … Source: Claims Journal

Europe’s auto industry is working around the clock to prevent the conflict with China over chipmaker Nexperia from triggering production outages. Task forces at Volkswagen AG and ZF Friedrichshafen AG are scouring for replacement supplies and boosting semiconductor stockpiles. While … Source: Claims Journal