Category: damage
-
Bank of Canada Can Ease Tariff Pain But Can’t Fix Damage, Macklem Says
•
Bread path links PMN Business Bank of Canada’s governor Tif McLim says the central bank cannot fix the economic damage of the trade war with the United States – but it will do its best to make it less painful. The author of the article: Bloomberg News Eric Hirtburg Posted…
-
US Chamber, oil industry sue Vermont over law requiring companies to pay for climate change damage
•
Breadcrumb links PMN BMN Business Article writer: Associated Press Lisa Rathke and Michael Casey Published on January 3, 2025 • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. FILE – A small tractor removes water from a…
-
Houthis causing negligible damage to Israeli trade – study
•
Despite numerous concerns about shipping bottlenecks as occurred in the wake of the Covid pandemic, the Houthi blockade of the Bab al-Mandab Strait in western Yemen has not caused any significant damage, according to a new study by the Bank of Israel, Haggai Etkes and Nitzan Feldman of the University…
-
Recent hurricanes have caused over $200 billion in damage
•
Recent major hurricanes to hit the United States left hundreds dead and caused billions of dollars in damage. Hurricane Beryl – 2024 Hurricane Beryl was the first of the 2024 Atlantic hurricane season, according to National Oceanic and Atmospheric Administration. Exceptionally warm ocean temperatures caused it to strengthen into a…
-
Cathay Pacific Airbus defect risked ‘extensive damage’: HK probe
•
A faulty engine on an Airbus A350 that led to the cancellation of dozens of Cathay Pacific flights in early September may have led to “serious damage,” according to the results of a Hong Kong investigation published on Thursday. Hong Kong-based Cathay Airlines has briefly grounded its fleet of Airbus…
-
Cathay Pacific Airbus defect risked ‘extensive damage’: HK probe
•
A faulty engine on an Airbus A350 that led to the cancellation of dozens of Cathay Pacific flights in early September may have led to “serious damage,” according to the results of a Hong Kong investigation published on Thursday. Hong Kong-based Cathay Airlines has briefly grounded its fleet of Airbus…
-
Over 40% of U.S. Gulf of Mexico oil output shut-in by Francine but little damage seen
•
SlavkoSereda/iStock via Getty Images Crude oil prices rose for a second straight session on Thursday as Hurricane Francine forced several offshore wells to shut in production, but gains were capped by lingering concerns about the outlook for crude demand. More than 730 thousand barrels per day, or 42% of Crude…
-
Hurricane Ernesto knocks out power in Bermuda but major damage avoided By Reuters
•
By Jasmine Patterson and Nicola Muirhead BERMUDA (Reuters) – Hurricane Ernesto knocked out power, uprooted trees and flooded parts of Bermuda on Saturday, but the British island appeared to have suffered no serious injuries or property damage, officials said after an initial assessment. The Category 1 storm brought strong winds…
-
Hurricane Ernesto knocks out power in Bermuda but major damage avoided By Reuters
•
By Jasmine Patterson and Nicola Muirhead BERMUDA (Reuters) – Hurricane Ernesto knocked out power, uprooted trees and flooded parts of Bermuda on Saturday, but the British island appeared to have suffered no serious injuries or property damage, officials said after an initial assessment. The Category 1 storm brought strong winds…
-
How much damage would Trump tariffs do to Europe? By Investing.com
•
The potential re-imposition of tariffs by the Trump administration poses a risk to Europe’s economic outlook. According to analysts at Capital Economics, these tariffs could cause significant damage to the European economy, especially by affecting key industries such as car and machinery manufacturing, which rely heavily on exports to the…
-
Oil prices hold steady as concerns over hurricane damage ease By Reuters
•
By Colleen Howe and Trixie Yap (Reuters) – Oil prices were little changed on Tuesday after a hurricane that hit a major U.S. oil production hub in Texas caused less damage than markets had expected, easing concerns about supply disruptions. Brent crude futures rose four cents to $85.79 a barrel…
-
Insurance firms swamped by surge in floods damage claims
•
Widespread flooding that hit Kenya in March and April left insurers struggling to meet claims worth Sh3.1 billion, as the effects of climate change became a major risk to insurers. Latest data from the Insurance Regulatory Authority (IRA) indicates that insurance companies settled Sh147.3 million or less than 5.0 percent…
-
Vermont is first state to pass law requiring Big Oil to pay for climate change damage
•
spooh Vermont this week became the first U.S. state to pass a law requiring oil and gas companies to pay for climate change-related damages caused by their emissions, a move that is sure to trigger legal challenges from the energy industry. Gov. Phil Scott allowed the bill to become law…
-
Do Bank of Canada rate holds risk further damage?
•
Article content David Rosenberg, founder and president of Rosenberg Research, recently told the Financial Post’s Larissa Harabin that he expects a rate cut in the central bank’s next announcement in June. “I think the bank should cut interest rates at the next meeting,” he said in a video interview. “If…
-
Russian court says US soldier charged with theft causing ‘significant’ damage By Reuters
•
MOSCOW (Reuters) – U.S. soldier Gordon Black, detained in the Russian city of Vladivostok until July 2, is accused of theft and causing serious damage, a Russian court said. The detention of Black, who the Pentagon said traveled to Russia without authorization, represents another diplomatic headache for the United States,…