Thieves who staged a daring daylight heist at the Louvre museum in Paris made off with jewels worth an estimated 88 million euros ($102.63 million), Paris public prosecutor Laure Beccuau said on Tuesday. “It is important to remember that this …
Europe’s auto industry is preparing for production disruption within days because of China’s export restrictions on semiconductors made by Nexperia. Chip shortages are likely to hit key suppliers within a week, while the impact could spread across the entire sector …
Amazon.com Inc.’s reputation as a reliable provider of cloud services took a hit after an outage disrupted the operations of hundreds of companies, ranging from Apple to McDonald’s.
The seemingly unstoppable rise of catastrophe bonds may now be eroding the market share of reinsurers. After years of raising prices, reinsurers are finding that primary insurers have started relying less on them and more on a niche bond market …
The Vatican’s child protection board said the Catholic Church has a moral obligation to help victims of clergy sexual abuse heal. Financial reparations for the abused and tougher sanctions for the abusers and their enablers are essential remedies, it said. …
State officials on the front lines of preparing for natural disasters and responding to emergencies say severe cuts to federal security grants, restrictions on money intended for readiness and funding delays tied to litigation are posing a growing risk to …
BNP Paribas shares tumbled on Monday, after a U.S. jury found the French bank helped Sudan’s government commit genocide by providing banking services that violated American sanctions, raising questions about whether the lender will be exposed to further legal claims. …
A cyber attack on Askul Corp. is disrupting e-commerce and logistics for major Japanese retailers including Muji owner Ryohin Keikaku Co. It’s the second such incident to unsettle the country’s consumer market in less than a month. Household goods seller …
In 2022, Jake Clay started an Amazon delivery firm in Odessa, Texas, after hearing about the company-sponsored program from a friend. He sank $75,000 into the business and earned more than $200,000 in the first year. An Air Force veteran, …
