Munich Re, Lloyd’s, Zurich face backlash for supporting tar sands pipeline

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Unfriend Coal – a global network of NGOs and social movements appealing for insurance companies to divest out of the fossil fuel business – has called out major insurance companies Lloyd’s, Zurich, and Munich Re for providing hundreds of millions in liability insurance coverage to the Trans Mountain pipeline project.

The environmental group’s statement comes after the pipeline project’s certificate of insurance was filed with the Canada Energy Regulator on April 24, 2020. The certificate outlined the providers of $508 million of liability insurance cover for the 12 months to August 31, 2020 – it also revealed that the biggest

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In Versailles, king of online retail Amazon fights unions backlash

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VERSAILLES, France (Reuters) – Amazon made its case on Tuesday in a French court of appeal to keep deliveries on track in the country, rejecting unions’ allegations that it was not doing its best to protect employees from COVID-19.

FILE PHOTO: The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, March 19, 2020. REUTERS/Pascal Rossignol

The world’s largest online retailer is facing mounting scrutiny as it juggles a surge in online orders during government lockdowns to curb the pandemic and employees’ safety, and France has become a major battleground.

Amazon closed six French warehouses

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Facebook’s Libra cryptocurrency revamped after backlash

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ZURICH/LONDON (Reuters) – Facebook’s (FB.O) planned cryptocurrency Libra will be linked to individual national currencies and overseen by global watchdogs in a scaled-back revamp it hopes will win regulatory approval.

FILE PHOTO: Shadow of a 3D-printed Facebook Libra cryptocurrency logo is seen near cryptocurrency representation in this illustration taken, September 13, 2019. REUTERS/Dado Ruvic

The prospect of Facebook’s 2.5 billion users adopting Libra has led to intense scrutiny from global regulators, with many worried its launch could erode national control over money.

Libra’s governing body, which is seeking the go-ahead from Switzerland’s markets watchdog, said on Thursday that

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