International News

Floods, Drought Are Destroying Crops and Sparking Food Inflation

Wild weather is wreaking havoc on crops around the world, sending their prices skyrocketing. On wheat farms in the U.S. and Russia, it’s a drought that’s ruining harvests. The soybean fields of Brazil are bone dry too, touched by little …

Insurance Costs Too Steep? Try Writing Your Own

LONDON — Fed up with rising prices and more stringent terms and conditions for their insurance policies as a result of the coronavirus pandemic, companies are turning to in-house insurance firms. These so-called “captive” insurers are already common among large …

Monsanto Loses Final Appeal Over French Farmer’s Weedkiller Accident

Bayer’s Monsanto division on Wednesday lost a final appeal in a long-running French legal battle in which the crop chemical maker has been held liable for the accidental inhalation of a weedkiller by a crop farmer. Monsanto had been trying …

Investors Gauge Future Climate Risks With Satellite Imaging

The world was watching end-of-days scenes: ¬≠Firefighters in yellow jackets, blurry against a copper sky, battled to push back walls of flames. Veterinarians tended to badly burned koalas and kangaroos. Dazed survivors picked through the ruins of their torched houses. …

Over 60 Exhibits Damaged at Berlin Museums, Motive a Mystery

BERLIN — More than 60 artworks and artifacts at some of Berlin’s best-known museums were smeared with an oily liquid by an unknown perpetrator or perpetrators earlier this month, authorities said Wednesday. They were hopeful that the apparently random damage …

Insurers Drop Appeal Against UK COVID-19 Payout Ruling on Three Policies

LONDON — Six insurers have decided not to appeal against a London High Court ruling that they were wrong to reject claims from holders of three business interruption insurance policies who have been pushed to the brink of collapse by …

Japan to Release Treated Fukushima Water in Sea, Kyodo Says

Japan is planning to release millions of gallons of treated radioactive water from its wrecked Fukushima Dai-Ichi nuclear power plant into the Pacific Ocean, Kyodo News reported, citing unidentified people close to the matter. The government has agreed on this …

More False Data Emerges From Firm That Took Over Takata

Joyson Safety Systems Japan, a unit of the company that took over failed airbag maker Takata Corp., discovered that falsified production data at its Japanese seatbelt factory was used to pass safety standards for a European certification agency, people with …

Norway’s Oil Workers Fear for Future as Rigs Go Remote

OSLO — A shift to operating oil rigs remotely from land, which has been accelerated by lower crude prices, has rekindled concerns among Norwegian unions over the impact on the safety of offshore workers and the loss of well-paid jobs. …

CEO of Top Battery Maker LG Chem Discloses JV Talks, Defends Split-Off

SEOUL — LG Chem, the world’s top electric vehicle (EV) battery maker, is in talks with a “couple” of automakers to create joint ventures to produce automotive batteries, Chief Executive Officer Hak Cheol Shin told Reuters on Friday. LG Chem …

International News Archives by Month