News
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Bank of Canada announces appointment of second external deputy governor
Adds background, details from press release from paragraph 2-6, file photos OTTAWA, Feb 11 (Reuters) - The Bank of Canada said on Tuesday it had appointed Michelle Alexopoulos as its second external deputy governor, expanding its rate-setting team to seven members. Alexopoulos will ser...Reuters
Tue, Feb 11
OpenAI's Altman says Musk offer is tactic 'to try to mess with us'
PARIS, Feb 11 (Reuters) - The nonprofit that controls OpenAI is not for sale, OpenAI CEO Sam Altman told Reuters when asked to comment about Elon Musk's offer to buy it."I have nothing to say. I mean, it's ridiculous," Altman said in the margins of an AI summit in Paris."The comp...Reuters
Tue, Feb 11
Fed's Powell warns how climate issues could affect financial system
By Michael S. DerbyNEW YORK, Feb 11 (Reuters) - Federal Reserve Chair Jerome Powell warned that while climate change is not an issue for the central bank to contend with, issues related to that could bring financial upheaval for affected areas. "Both banks and insurance companies are pulling out...Reuters
Tue, Feb 11
Parametrix introduces insurance-backed technology performance guarantee
By Henry GaleFeb 11 - (The Insurer) - MGA Parametrix has launched a product covering technology companies' contractual performance obligations against system interruptions.The performance guarantee, backed by parametric insurance, triggers payouts automatically in the event of an insured downtim...Reuters
Tue, Feb 11
NFL-Former Eagle Kelce torn after watching brother Travis and Chiefs lose Super Bowl
Feb 11 (Reuters) - Retired NFL player Jason Kelce said on Tuesday he had a tough time processing his feelings after watching his former Philadelphia Eagles team shut down younger brother Travis Kelce in a Super Bowl rout of the Kansas City Chiefs.The elder Kelce, who won a Super Bowl with Philadelph...Reuters
Tue, Feb 11
China launches new rocket designed to carry more satellites
BEIJING, Feb 11 (Reuters) - A new Chinese carrier rocket designed to send up bigger batches of satellites in one launch made its first flight on Tuesday, boosting Beijing's strategy of countering U.S. billionaire Elon Musk's oversized presence in Earth's lower orbits via SpaceX. The heav...Reuters
Tue, Feb 11
Major airlines urge Trump administration to abandon passenger compensation review
WASHINGTON, Feb 11 (Reuters) - Major U.S. airlines on Tuesday asked the U.S. Transportation Department to abandon a review launched by the Biden administration over whether carriers should be required to pay passengers compensation over flight disruptions. Airlines for America, a trade group represe...Reuters
Tue, Feb 11
Steve Bannon pleads guilty in border wall funding case
Adds detail from hearing in paragraph 4, Bannon remarks in paragraphs 6-9By Jack Queen NEW YORK, Feb 11 (Reuters) - Former Donald Trump adviser Steve Bannon pleaded guilty in New York state court on Tuesday to a fraud charge related to his fundraising campaign for the U.S. president's wall al...Reuters
Tue, Feb 11
Axa XL pledges $1.2mn for mangrove conservation in Sierra Leone
By Rebecca DelaneyFeb 11 - (The Insurer) - Axa XL has provided a $1.2mn grant to Save the Children for a five-year initiative designed to mitigate the impact of climate change across coastal ecosystems in Sierra Leone.The Sierra Leone Coastal Resilience Project – described as one of the largest proj...Reuters
Tue, Feb 11
U.S. market watchdog aims to pause lawsuit over climate disclosures
LONDON/NEW YORK, Feb 11 (Reuters) - The acting chair of the U.S. Securities and Exchange Commission said on Tuesday the agency was asking a court to pause proceedings in a lawsuit over a climate disclosure rule that was passed by his predecessor and swiftly stayed amid controversy."The rule is d...Reuters
Tue, Feb 11
Marsh appoints ex-Axa XL chair Hinshelwood as UK chair
Feb 11 - (The Insurer) - Marsh has named Nigel Hinshelwood chair of Marsh Ltd in the UK, subject to regulatory approval. Hinshelwood is scheduled to succeed Tom Colraine on 31 March 2025.He has previously served as a non-executive director on the Lloyd’s franchise board, as chair of Axa XL Underwrit...Reuters
Tue, Feb 11
Pentagon's Hegseth sees growth in defense spending despite Musk review
WASHINGTON, Feb 11 (Reuters) - U.S. Defense Secretary Pete Hegseth said on Tuesday he was working with Congress to increase overall U.S. defense spending and played down concerns over a pending audit by Elon Musk aimed at finding billions of dollars in waste at the Pentagon.Hegseth, speaking in Germ...Reuters
Tue, Feb 11
U.S. will not send troops to Ukraine, Pentagon chief Hegseth says
Feb 11 (Reuters) - President Donald Trump's administration is not sending U.S. troops into Ukraine, U.S. Defense Secretary Pete Hegseth said on Tuesday.Speaking with reporters in Germany, Hegseth also said that he would push European allies to spend more on defense when he meets with them this w...Reuters
Tue, Feb 11
Goldman Sachs ends IPO diversity policy citing legal developments
Adds recent cancellation of Nasdaq rule, background in paragraphs 5-7, link to Reuters review in paragraph 10By Isla Binnie and Saeed Azhar Feb 11 (Reuters) - Goldman Sachs cancelled a four-year-old policy to only take public companies that had two diverse board members, a spokesperson for the ba...Reuters
Tue, Feb 11
Hawaii Supreme Court rules against insurers, clears path for $4bn Maui wildfire settlement
By Mia MacGregorFeb 11 - (The Insurer) - The Hawaii Supreme Court ruled Monday in favour of the state, barring insurers from pursuing independent claims over the 2023 Maui wildfires and clearing the way for a $4bn settlement directed solely to survivors.Insurance companies had contested the settleme...Reuters
Tue, Feb 11
BRIEF-Greenwave Technology Solutions Says Preparing For Significant Demand Increases For Its Domestically-Sourced Scrap Metal Products
Feb 11 (Reuters) - Greenwave Technology Solutions Inc GWAV.O:GREENWAVE TECHNOLOGY SOLUTIONS INC: PREPARING FOR SIGNIFICANT DEMAND INCREASES FOR ITS DOMESTICALLY-SOURCED SCRAP METAL PRODUCTSGREENWAVE TECHNOLOGY SOLUTIONS: ANTICIPATES SURGING DEMAND & EXPANDING PROFIT MARGINS THROUGHOUT FISCAL YE...Reuters
Tue, Feb 11
FEMA fires four after alleged payments to New York City hotels for migrants
Feb 11 (Reuters) - The U.S. Federal Emergency Management Agency fired its chief financial officer and three other employees, accusing them of making "egregious payments" for New York City hotels used for migrants, the Department of Homeland Security said in a statement on Tuesday."DHS wi...Reuters
Tue, Feb 11
