Monthly Archives: <span>February 2023</span>

Update: Top EU Bodies Ban TikTok on Staff Phones, Citing Need to Hike Cybersecurity

The European Union’s two biggest policy-making institutions have banned TikTok from staff phones for cybersecurity reasons, marking growing concerns about the Chinese short video-sharing app and its users’ data. TikTok, which is owned by Chinese firm ByteDance, is under scrutiny …

Florida Art Dealer Pleads Guilty in Warhol Forgery Scheme

A South Florida art dealer pleaded guilty in federal court Tuesday in connection with a scheme involving the sale of fake Andy Warhol paintings. Daniel Elie Bouaziz, 69, pleaded to a single count of money laundering in Fort Pierce federal …

Moody’s RMS Estimates $5B Insured Losses From Turkey Quake as Costs Keep Mounting

The economic and insured losses from the earthquakes that hit southern Turkey on Monday, Feb. 6 continue to escalate as damage information and data keeps pouring in. The catastrophe risk modeling firm Moody’s RMS estimated on Feb. 23 that economic …

Thunderstorms, Possible Tornadoes Ravage Central New Jersey

After a rare tornado warning was issued Tuesday, a strong line of thunderstorms ripped through central New Jersey with powerful winds that caused many trees to be ripped out of the ground in Pennington and West Windsor. Some of the …

Meta Loses Bid to Toss $175M Verdict in Streaming Patent Case

A federal judge in Austin, Texas on Tuesday rejected a request by Meta Platforms Inc’s to throw out a $175 million jury patent verdict for walkie-talkie app maker Voxer Inc. U.S. District Judge Lee Yeakel’s decision leaves intact the jury’s …

Update: Activists Sue BNP Over Energy Loans, TotalEnergies Over Human Rights

Climate and human rights activists sued two of France’s biggest corporations over fossil fuel financing and alleged human rights abuses on Thursday, as campaigners increasingly turn to lawsuits to push big companies to change their behavior. Oxfam, Friends of the …

China Urges State-Owned Firms to Drop Big 4 Auditors Over Data Security Concerns

Chinese authorities have urged state-owned firms to phase out using the four biggest international accounting firms, signaling continued concerns about data security even after Beijing reached a landmark deal to allow US audit inspections on hundreds of Chinese firms listed …

Trade Group Argues SEC Case Unfairly Labels Crypto as Securities

Cryptocurrency trade association Chamber of Digital Commerce is urging a federal court to dismiss a case brought by the U.S. securities regulator against ex-Coinbase employees accused of insider trading, arguing that the case unfairly labeled several crypto assets as securities. …

Proposed NC Rule Would Require More Flood History Disclosure on Homes for Sale

North Carolina home buyers may soon have access to more information about a property’s flooding history, a rule that could potentially help insurance agents sell more flood insurance and other types of coverage. The state’s Real Estate Commission last week …

People Moves: AMERIND CEO Valdo Returns from Spiritual Sabbatical

AMERIND has announced the return of Chief Executive Officer Derek Valdo following a year-long religious leave as appointed spiritual leader (3rd War Chief) for the Pueblo of Acoma. Before his departure in January 2022, Valdo appointed Chief Operating Officer Robert …