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ECB Steps Up Scrutiny of European Banks’ AI Industry Exposure
The European Central Bank is delving into the risks faced by banks in the region from the artificial intelligence industry, amid heightened concern over hidden credit exposures and financial-sector disruption. The Frankfurt-based central bank is asking a small number of …
POSTED FEBRUARY 23, 2026 1:55 PM |
FEMA to Help With Sewage Spill Into Potomac River
President Donald Trump has approved emergency assistance to Washington, D.C., to help the city address a sewage system leak that dumped at least 250 million gallons of raw sewage into the Potomac River. The Federal Emergency Management Agency announced Trump’s …
POSTED FEBRUARY 23, 2026 1:40 PM |
Sompo Receives Regulatory Approvals to Acquire Aspen Insurance in $3.5B Deal
Sompo Holdings Inc. announced it has received the necessary antitrust and insurance regulatory approvals required to complete its previously announced acquisition of Aspen Insurance Holdings Ltd., via a wholly owned subsidiary of Sompo International Holdings Ltd. (SIH). The $3.5 billion …
POSTED FEBRUARY 23, 2026 12:24 PM |
New York City Isolated by Snowstorm as Thousands of Flights Canceled
A powerful winter storm has cut off New York City, grounding thousands of flights and straining transport networks, as 41 million people along the US East Coast brace for blizzard conditions in what could be one of the city’s worst …
POSTED FEBRUARY 23, 2026 12:12 PM |
Danone Sees Up to €70 Million Hit From Baby Formula Recalls
Danone SA gave its first estimate of the potential cost of the recent recalls of infant formula over a contamination scare, saying it expects a €35 million to €70 million ($82.4 million) financial hit in the first quarter of the …
POSTED FEBRUARY 23, 2026 11:53 AM |
Carmakers Push Toward ‘Eyes-Off’ Driving, Raising Questions of Safety, Liability
Automakers are racing toward a key milestone on the long road to fully driverless cars: systems that let drivers take their eyes off the road – to shoot a text or peck away on a laptop – unless the car …
POSTED FEBRUARY 23, 2026 11:38 AM |
Swiss Re Corporate Solutions to Buy QBE’s Global Trade Credit and Surety Business
Swiss Re Corporate Solutions, the commercial insurance arm of the Swiss Re Group, has agreed to acquire the Global Trade Credit and Surety business of QBE Insurance Group (QBE), subject to regulatory approvals. Upon successful completion, the acquisition will strengthen …
POSTED FEBRUARY 23, 2026 9:51 AM |
Toymaker Assesses Next Steps in US Supreme Court Tariff Refund Battle
Companies that hedged their bets by selling potential tariff refund claims to investors celebrated on Friday after the U.S. Supreme Court struck down President Donald Trump’s sweeping emergency tariffs. Now comes the hard part. “It’s a tiny win in what …
POSTED FEBRUARY 23, 2026 9:45 AM |
UAE Says It Foiled Wave of AI-Backed Cyberattacks on Vital Sectors
The United Arab Emirates said it thwarted a series of AI-backed cyberattacks and warned of a “qualitative shift” in the methods used by terrorist groups it didn’t identify. The assaults on the UAE’s digital infrastructure and “vital sectors” included attempts …
POSTED FEBRUARY 23, 2026 9:36 AM |
Judge Upholds $243M Verdict Against Tesla Over Fatal Autopilot Crash
A federal judge rejected Tesla’s request to overturn a $243 million jury verdict over the 2019 crash of an Autopilot-equipped Model S, which killed a 22-year-old woman and severely injured her boyfriend. In a decision made public on Friday, U.S. …
POSTED FEBRUARY 23, 2026 6:34 AM |
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