The rise in sea levels is on track to increase highly destructive flooding fivefold in the US by 2050, but a new study of home prices in coastal Florida suggests buyers are oblivious or indifferent to the risk. Governments need to take action to ensure that everyone has the right information about this critical threat. Freddie Mac researchers led ...

  There are many ways a Chinese company might sidestep US sanctions and provide technology products to Russia. It could hide American imports behind third-party suppliers, implement layers of shell companies to obfuscate source and destination, or create elaborate schemes to hide data from forensic accountants. They’d be foolish for trying, and Beijing itself would likely step in to stop ...

Bloomberg The US National Transportation Safety Board (NTSB) has been helping Chinese officials download two black-box recorders that were damaged in the mysterious crash of a Boeing Co 737 jetliner on March 21. The work to decipher the final sounds caught by cockpit microphones on the doomed jetliner is being carried out in the NTSB’s lab in Washington, spokesman Peter ...

  Bloomberg Alaska Air Group Inc cancelled more than 100 flights as the carrier’s pilots picketed at five West Coast airports amid negotiations over a new labour contract. The airline scrubbed about 14% of its schedule in New York, according to data from Flightaware.com. Further flight cancellations could occur over the weekend due to the staffing disruptions, the Seattle-based company ...

  Bloomberg Skyports Ltd, the UK-based company that operates infrastructure for flying taxis and other urban aviation devices, is expanding into Japan and Australia as it looks to build terminals for electric vertical take-off and landing aircraft. Skyports is working with partners Kanematsu Corp in Japan and Goodman Group in Australia, with an eye to starting commercial flights as early ...

  Bloomberg The Points Guy LLC filed a motion to dismiss an American Airlines Inc lawsuit that the travel site violated company rules by letting frequent flyers manage their miles on platforms other than the carrier’s site. The travel agency alleges that the suit should either be “dismissed or transferred to a proper venue,” according to a legal document. American ...

Bloomberg Sri Lankan President Gotabaya Rajapaksa barred gatherings and ordered internet service providers to restrict social media access, tightening curbs amid demonstrations calling for his ouster over soaring living costs and a foreign exchange crisis. Several dozen opposition lawmakers had set off on a march toward Independence Square in Colombo, defying a weekend curfew although they were stopped by armed ...

Bloomberg South Korean President-elect Yoon Seok Yeol named a centrist former prime minister to lead his government, as the ex-prosecutor seeks help in navigating the country’s polarised politics. Han Duck-soo, 72, is recognised by all political parties for his experience and expertise, and has held key posts in government, Yoon said in an announcement. Han was prime minister from 2007 ...

Bloomberg Some European Union governments are pushing for the bloc to quickly impose new sanctions in response to multiple reports that Russian troops executed unarmed civilians in Ukrainian towns, according to diplomats familiar with the discussions. The European Commission was already honing measures that would mostly focus on closing loopholes, strengthening existing actions — such as export controls on technology ...

Bloomberg Hong Kong’s election season officially began on Sunday, and despite a near-two month delay in proceedings due to a Covid crisis, it’s still wildly unclear who actually wants the city’s top job. That’s about to change. Contenders now have two weeks to declare their candidacy and secure at least 188 votes from the committee of 1,500 largely pro-Beijing electors ...