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US Declines to Extend North American Trade Deal
The Trump administration on July 1 declined to extend the U.S.-Mexico-Canada Agreement, starting a decade-long clock to wind down the trade deal as it seeks changes to try to restore manufacturing jobs and reduce U.S. trade deficits with its North …
POSTED JULY 02, 2026 3:35 PM |
Big Tech’s Carbon Emissions Spike With Runaway Growth of AI
The greenhouse gas emissions of Amazon.com Inc. and Alphabet Inc.’s Google spiked in 2025, pointing to a growing problem for the hyperscalers: reconciling their climate goals with the massive amount of energy required to power AI, much of it still …
POSTED JULY 02, 2026 3:16 PM |
Cedents Find Competitive Market Conditions at Midyear Reinsurance Renewals: Brokers
Record levels of reinsurance capital and strong reinsurer profits are driving increasing reinsurer risk appetites and softening prices during the midyear renewals, according to reinsurance brokers in their respective market reports. “In the traditional property market, abundant reinsurer capacity continues …
POSTED JULY 02, 2026 3:16 PM |
New York City, Northeast Swelter in Hottest Day of the Year
New York City and the eastern US are set to swelter through the hottest day of the year so far, as a heat wave drives up power prices and strains electric grids. About 142.7 million people from Kansas to Maine …
POSTED JULY 02, 2026 3:02 PM |
Flood Re to Cut Insurance Payouts to Richest UK Households
The UK’s flood insurer of last resort is unfairly favoring wealthier households and will be reformed to reduce the burden of multimillion-pound payouts, the government said Wednesday. As part of the changes, Flood Re will lower the premiums it charges …
POSTED JULY 02, 2026 1:07 PM |
Bayer Fuels Break-Up Talk as Roundup Business Put Into Separate Unit
Bayer said on July 2 it was consolidating its U.S. Roundup business in a new unit, less than a week after scoring a major legal victory that blocked thousands of state-court lawsuits related to the weedkiller. The creation of the …
POSTED JULY 02, 2026 12:51 PM |
Germany Charges Former Ukrainian Army Officer With Nord Stream Pipeline Attack
German federal prosecutors have charged a former Ukrainian army officer with being the co-perpetrator of a war crime over the 2022 Nord Stream gas pipeline blasts, accusing him of acting on behalf of Ukrainian state entities. Prosecutors said on Thursday …
POSTED JULY 02, 2026 12:16 PM |
Popular 14th Street DC Restaurant Settles Wage and Hour Violation Charges
A popular District of Columbia restaurant and nightclub will pay $243,350 to settle charges that it harmed employees by violating wage and hours laws. D.C. accused the company of denying employees sick leave pay, misclassifying workers as independent contractors, and …
POSTED JULY 02, 2026 12:14 PM |
Specialist Risk Group Acquires UK-Based Broker Superian Insurance Group
Specialist Risk Group (SRG), the UK specialist insurance intermediary, announced the acquisition of London-based independent insurance broker Superian Insurance Group. The acquisition strengthens SRG’s ability to deliver specialist solutions to clients operating in increasingly complex and evolving risk environments, while …
POSTED JULY 02, 2026 11:56 AM |
Europe’s Climate Adaptation Efforts Have Lagged its Net-Zero Drive
The June heatwave that broke a series of temperature records in Europe has focused minds on the urgency of adapting to global warming in a continent once complacent about its relatively gentle climate and its ambitious goals on reducing emissions. …
POSTED JULY 02, 2026 10:08 AM |
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