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VC Firm Accel Raises $650M to Invest in AI, Cybersecurity Startups in Europe, Israel

Venture capital firm Accel said on Tuesday it has raised a $650 million fund to invest in early-stage companies in Europe and Israel with a focus on artificial intelligence and cybersecurity. The new fund will be Accel’s eighth since opening …

EU Countries Approve Law to Slash Trucks’ CO2 Emissions

European Union countries gave their final approval on Monday to a law to cut carbon dioxide emissions from trucks, which will require most new heavy-duty vehicles sold in the EU from 2040 to be emissions-free. The law will enforce a …

Everest Insurance Launches in Australia, Expanding Its Asia-Pacific Business

Everest launched its Australian Insurance operations after receiving approval from the Australian Prudential Regulation Authority. The business will operate under the name Everest Insurance Australia with offices in Sydney and Melbourne. Christian Colombera, managing director, Australia and head of the …

Markets/Coverages: WTW Launches Facility for Cargo and War-on-Land Risks in Ukraine

Insurance broker WTW announced a partnership with Ukrainian insurer, VUSO, to provide a London-market-backed facility covering cargo and, crucially, war-on-land risks. This exclusive facility – which WTW describes as a market first – provides prearranged war insurance capacity, offers much …

Canadian Crews Battle Wildfire Threatening Remote Western Town

Firefighters on Monday battled a large wildfire heading towards a remote western Canadian town as winds and tinder dry conditions threatened to spread the flames further, a provincial minister said. The largely evacuated town of Fort Nelson in British Columbia …

Tesla Settles Factory Worker’s Sexual Harassment Lawsuit

Tesla has settled a lawsuit by a former factory employee who says she was fired for complaining about severe sexual harassment, as the electric carmaker faces a series of sex and race discrimination lawsuits. U.S. District Judge William Orrick in …

FTC Noncompete Agreement Ban May Not Survive Courts but Some States Could Adopt

The Federal Trade Commission’s recently approved ban on noncompete agreements likely won’t survive court challenges, but that doesn’t mean the ban won’t become a model for a number of state legislatures to follow in coming months. “We don’t see it …

UAW Faces Key Test in the South With Upcoming Vote at Alabama Mercedes Plant

TUSCALOOSA, Ala. (AP) — After 20 years at the Mercedes-Benz factory in Alabama, Brett Garrard said he is “not falling for the lies anymore” and will vote for a union. The company has repeatedly promised to improve pay and conditions, …

Experts Say Gun Alone Doesn’t Justify Deadly Force in Fatal Shooting of Florida Airman

On the afternoon of May 3, Roger Fortson opened the door of his Florida apartment with a gun in his hand and was immediately shot six times by a sheriff’s deputy responding to a complaint about an argument. Fortson’s supporters …

Lawsuit: Tesla’s Autopilot Caused Fiery Crash into Tree, Killing Colorado Man

The widow of a man who died after his Tesla veered off the road and crashed into a tree while he was using its partially automated driving system is suing the carmaker, claiming its marketing of the technology is dangerously …

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