January 6, 2025
When the deadly Grenfell Tower blaze in 2017 led to revelations that high-rise public housing buildings across Britain were wrapped in flammable cladding, the government vowed the building contractors responsible would pay for their negligence. Seven years on, contractors who …
April 1, 2021
Credit Suisse told investors the debt in its $7.3 billion finance fund was low risk because it was insured but the bank failed to ensure the policies would pay out, two sources told Reuters. When Japan’s Tokio Marine, the company …
March 4, 2021
LONDON – A funding crisis at Greensill Capital could spill over to some of its high-risk borrowers and lead to losses for insurers and banks that have done business with the UK-based supply chain finance firm if its clients default, …
June 3, 2018
Carmakers including Renault, Jaguar Land Rover and Peugeot have boosted revenues by over $1 billion in the past decade by using sophisticated pricing software, according to sales presentations prepared by the software vendor, Accenture, and other documents filed in a …
December 18, 2017
An interim review into UK building regulations commissioned after the Grenfell Tower social housing block fire in London which killed 71 people in June, has called for a “culture change” in respect to fire safety. The review, sponsored by the …
December 18, 2017
Some building companies that installed dangerous cladding on social housing blocks across Britain are now winning new contracts following the Grenfell Tower blaze to remove their original work and install panels that can pass safety tests, a Reuters review shows. …
October 18, 2017
The bill for compensating families of those who died in the Grenfell Tower fire in London may be as low as 4 million pounds ($5 million), according to several lawyers and a Reuters analysis of how damages laws apply in …
August 22, 2017
Europe has experienced around a dozen cases of drivers using a car or truck to plow into pedestrians like last week’s attack in Barcelona, but cities have not rushed to mitigate the risks by changing their layout. Concerns about cost, …
December 13, 2016
Cyber attacks targeting the global bank transfer system have succeeded in stealing funds since February’s heist of $81 million from the Bangladesh central bank as hackers have become more sophisticated in their tactics, according to a SWIFT official and a …
November 9, 2016
Retailer Tesco Plc’s banking arm said on Tuesday that 2.5 million pounds ($3 million) had been stolen from 9,000 customers over the weekend in what cyber experts said was the first mass hacking of accounts at a western bank. Tesco …