Small firms are cheering a Supreme Court ruling that appears set to force insurers to pay out on disputed coronavirus business interruption claims potentially worth £1.2bn. Judges were asked to set the parameters for valid claims from various policies following a test case brought by the Financial Conduct Authority (FCA) with the support of eight
Month: January 2021
Toyota will pay a penalty of $180 million for failing to comply with the Clean Air Act’s emissions-reporting requirements from 2005-2015, according to a filing today by the US Department of Justice. Over that time period, Toyota delayed required filings about emissions defects and failed to inform the EPA about progress on recalls related to
An oil pumping jack, also known as a “nodding donkey”, in an oilfield near Dyurtyuli, in the Republic of Bashkortostan, Russia, on Thursday, Nov. 19, 2020. Andrey Rudakov | Bloomberg | Getty Images LONDON — Oil producer group OPEC on Thursday kept its 2021 forecast for global oil demand growth unchanged, but warned uncertainties over
Billionaire Jeff Bezos-owned space company Blue Origin aims to carry the first passengers on its New Shepard space vehicle as early as April, CNBC reported on Thursday, citing people familiar with the matter. Blue Origin completed the fourteenth test flight of its New Shepard rocket booster and capsule on Thursday, marking one of the last
NASA declared the Mars digger dead Thursday after failing to burrow deep into the red planet to take its temperature. Scientists in Germany spent two years trying to get their heat probe, dubbed the mole, to drill into the Martian crust. But the 16-inch-long (40-centimetre) device that is part of NASA’s InSight lander couldn’t gain
President-elect Joe Biden has revealed a $1.9trn (£1.4trn) stimulus package to help the US get through the coronavirus pandemic. The package includes $415bn for the virus response, around $1trn for households, and roughly $440bn for small businesses and hard-hit communities. Mr Biden said: “A crisis of deep human suffering is in plain sight, and there’s
January 14th, 2021 by NRDC Originally published on the NRDC Expert Blog.by Robert Harding & Rebecca Behrens To stave off the worst effects of the climate crisis, we must urgently transition from polluting fossil fuels to emissions-free energy. The large-scale deployment of renewable energy to replace polluting power plants and rapid electrification of our buildings, vehicles and industries
Home Secretary Priti Patel must “take responsibility” for the wiping of 150,000 arrest records from police databases, the Labour Party says. The records were accidentally wiped last week and they included fingerprint, DNA and arrest histories, according to The Times. The newspaper says the technological blunder could allow offenders to go free, as evidence from
Surveillance cameras are mounted on a post at Tiananmen Square as snow falls in Beijing, China, on Thursday, Feb. 14, 2019. Qilai Shen | Bloomberg | Getty Images GUANGZHOU, China — A new report reveals patent applications belonging to Huawei and a group of China-based artificial intelligence companies for systems that can detect people who
January 14th, 2021 by Zachary Shahan Sungrow is apparently the world leader in solar power inverter solutions, and it announced recently that it crossed 10 gigawatts (GW) of cumulative inverter shipments in the Americas before the end of 2020. The company boasts that this demonstrated “its role as a big game-changer for renewable energy across
The chancellor is facing growing pressure to give more support to people and businesses struggling during the coronavirus pandemic. The Northern Research Group (NRG) and the British Chambers of Commerce have both called for more help during the third national lockdown. The NRG made a submission to Rishi Sunak ahead of his Budget in March
The prime minister has a “sort of language which he’s quite rightly nervous using in front of women”, according to one of his former ministers. Amber Rudd, who briefly served as work and pensions secretary under Boris Johnson after he came to power in July 2019, accused him of going “backwards” on promoting women. She
US airlines have put thousands of people on their no-fly lists for failing to wear face masks on board, as security measures are stepped up ahead of Joe Biden’s inauguration. Delta Airlines has said it is going to ban passengers from taking firearms in their baggage on flights to Washington DC until the end of
BMW was the first car manufacturer to adopt Apple’s Car Key feature – enabling an iPhone or Apple Watch to unlock your car – and has now announced an enhanced version known as Digital Key Plus. Digital Key Plus uses the ultra-wideband tech found in the U1 chip in the iPhone 11, iPhone 12 and
Offices of energy company Equinor photographed in Norway on February 6, 2019. Odin Jaeger | Bloomberg | Getty Images Norway’s Equinor has been awarded a major contract to provide renewable energy to New York state from two huge offshore wind farms located in waters off the East Coast. In an announcement Wednesday, the firm said
Rafael Henrique | LightRocket | Getty Images Shares of online clothing reseller Poshmark popped more than 130% in the company’s market debut Thursday. The stock began trading at $97.50 per share. On Wednesday, Poshmark priced its IPO at $42 a share, giving it an initial valuation of more than $3 billion. The company previously said
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