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Drone footage shows the devastating aftermath of the partially collapsed Miami Beach condo building that seemingly flattened out of nowhere early Thursday. Drone video shows an aerial view of Champlain Towers South, a once L-shaped building, which lost its entire northeast-facing corridor — nearly half the building — in seconds around 1:30 a.m. Thursday, when many were asleep. The video shows a compact pile of rubble where the 12 floors used to be and the remains of dozens of condo units exposed to the open air. "We are working around the clock to search and rescue people in this rubble," Miami-Dade County Mayor Daniella Levine Cava said Thursday. "It is really, really dramatic to see the collapse of a major structure like that."
Persons: Daniella Levine Cava, Charles Burkett, We've, Ron DeSantis Organizations: Dade, Surfside, Florida Gov Locations: Miami Beach, Surfside, Florida's Miami, Dade County, Champlain Towers, Miami, Florida
Lawmakers want to make COVID-19 vaccines available to Americans living abroad. Now a bipartisan group of lawmakers is urging the administration to help make vaccines available to the as many as 9 million Americans living abroad. "While Americans abroad are eligible to receive vaccines in some countries, in others, Americans are ineligible as non-citizens," the senators wrote. "Should Americans living abroad wish to travel to the US to receive the vaccine, the financial burden of travel as well as lengthy quarantine requirements upon return to their host country may be prohibitive." Accordingly, the senators wrote, "millions of Americans abroad worry they may not have access to a vaccine for months or even years."
Persons: Joe Biden's, Antony Blinken, Chris Murphy, Jerry Moran, Michael George DeSombre, Scott Brown, , Michael G, Hearh Organizations: State Department, Insider, Service, COVID, Sens, Republican, Reuters, Embassy Locations: United States, States, Connecticut, Kansas, Thailand, Thailand's
After U.S. President Joe Biden met Russian President Vladimir Putin in Geneva on June 16, French President Emmanuel Macron said the first EU summit with Putin since January 2014 would be "a dialogue to defend our interests". But after late night talks at their meeting in Brussels, the 27 EU leaders failed to reach an agreement, German Chancellor Angela Merkel said early on Friday. EU summits with Russia ended after Moscow annexed Ukraine's Crimea peninsula in March 2014 and the West imposed sanctions. France and Germany want to be able to work with Russia on combating climate change and to find ways to stabilise relations. The EU on Thursday imposed economic sanctions on Belarus, an ally of Russia that the Kremlin sees as a buffer state between Russia and NATO.
Persons: Ursula von der Leyen, Angela Merkel, Stefan Lofven, Klaus Werner Iohannis, Janez Jansa, Olivier Matthys, Vladimir Putin, Joe Biden, Emmanuel Macron, Sebastian Kurz, Gitanas Nauseda, Krisjanis Karins, Josep Borrell, Macron, Putin, Charles Michel, Merkel, Borrell, Lithuania's Nauseda, Sergei Lavrov, Robin Emmott, Gabriela Baczynska, Francesco Guarascio, Philip Blenkinsop, Thomas Escritt, Caroline Copley, Ekaterina Golubkova, Angus MacSwan, Philippa Fletcher, William Maclean, Raju Gopalakrishnan Organizations: Slovenia's, European, Union, U.S, Putin, Austria's, Franco, Latvia's, European Commission, Russia, EU, Diplomats, Britain, Kremlin, NATO, Russian, Thomson Locations: Swedish, Romanian, Brussels, Belgium, France, Germany, Poland, Russia, BRUSSELS, Baltic, Geneva, Moscow, Ukraine's Crimea, Lithuanian, Ukraine, Russian, United States, standoffs, Belarus, EU, Baltics, Berlin
Biden approves Florida emergency declaration after building collapse
  + stars: | 2021-06-25 | by ( ) sentiment -1.00   time to read: +2 min
Emergency crews respond to a partially collapsed residential building in the rain in Surfside, near Miami Beach Florida, U.S. June 24, 2021. REUTERS/Marco BelloJune 25 (Reuters) - U.S. President Joe Biden approved an emergency declaration in the state of Florida and ordered federal assistance to supplement state and local response efforts after a building collapse near Miami left at least one dead and nearly 100 missing. Rescue crews picked through tons of rubble on Thursday looking for survivors after the collapse of part of the oceanfront apartment tower in Surfside near Miami. Officials said the complex, built in 1981, was going through a recertification process requiring repairs, with another building under construction on an adjacent site. It had been subject to various inspections recently due to the recertification process and the adjacent building construction, Surfside Commissioner Charles Kesl told Local 10.
Persons: Marco Bello, Joe Biden, Daniella Levine Cava, Charles Kesl, Kanishka Singh, Jacqueline Wong Organizations: REUTERS, of Homeland Security, Federal Emergency Management Agency, FEMA, White, Dade, Thomson Locations: Surfside, Miami Beach Florida, U.S, Florida, Miami, Champlain, Biscayne Bay, Dade County, Bengaluru
Live Covid-19 Live Updates: More U.S. States Try Lotteries to Tackle Vaccine Hesitancy Louisiana, where the inoculation rate has lagged significantly behind the national average, is among the latest to dangle cash prizes and scholarships in return for getting a shot. Six of the bottom eight states are in the South: They include Alabama, Arkansas, Georgia and Tennessee. The Biden administration has made a concerted push to overcome vaccine hesitancy, particularly in the South. In some states, he said, the lotteries coincided with making the vaccine available to teenagers, which could skew the numbers. He suggested comparing the vaccination rates in states with lotteries to those without them.
Persons: John Bel Edwards, Donna Edwards, Hilary Scheinuk, Edwards, , we’ve, they’ve, ” Mr, Biden, Jill Biden, Mike DeWine, DeWine, Mr, Dr, Mark Fendrick, , Fendrick, , Kate Brown, Charles Boyle, Brown, Boyle, ” Daniel E, Slotnik, Loren Elliott, Gladys Berejiklian, Dan Balilty, Chezy Levy, Anat Danieli, caseload, Naftali Bennett, Nachman Ash Organizations: States, Gov, Associated Press, New York Times, University of Michigan Center, Michigan, Oregonian, New, , ., The New York Times, Health Ministry, Pfizer, BioNTech, Oxford University, Israel’s Tourism Ministry Locations: Louisiana, Mississippi, Alabama , Arkansas, Georgia, Tennessee, North Carolina, Ohio, California , Illinois, Maryland, New Mexico, Washington, In Oregon, Oregon, , Oregon, Sydney, Australia’s, Australia, Credit, New South Wales, Israel, Tel Aviv, The New York Times JERUSALEM, Moderna
UK government's strategy sows confusion among travelers, analyst says
  + stars: | 2021-06-25 | by ( ) sentiment -0.97   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUK government's strategy sows confusion among travelers, analyst saysPaul Charles, founder and CEO of The PC Agency, discusses U.K. travel restrictions and the government's latest update on its "green list" of safe countries.
Persons: Paul Charles Organizations: PC Agency
Nearly 100 people are still unaccounted for in the small Miami Beach community. Scientists, however, have long noted the risk of building on the shifting sands of a barrier island like Miami Beach, especially with rising sea levels. Surfside’s mayor, Charles Burkett, told reporters that he often jogged by the condo building, which was built in the early 1980s. “I’ve been here since 1993, and I’ve never seen something like this happen,” Zalewski added, referring to Thursday’s condo collapse. ‘A real awakening’Another issue at hand for the Surfside community is one shared with all of Miami Beach: The towns are built on a barrier island.
Persons: Charles Burkett, Joe Raedle, ” Burkett, NBC’s, Kenneth Direktor, Becker, ” Direktor, Peter Zalewski, “ I’ve, I’ve, Zalewski, , Orrin Pilkey, Gilbert Gaul, , ” Pilkey, wouldn’t Organizations: Miami Herald, Miami, Miami Beach, Beach, Duke University, Coastal Management Locations: Surfside , Florida, Miami Beach, Surfside, Fla, Dade County, South Florida, Miami, Florida
Launching Jeff Bezos into orbit is a leap too far for insurers
  + stars: | 2021-06-24 | by ( ) + 0.00   time to read: +6 min
Launching one of the richest individuals on earth into orbit has proved a leap too far for insurers, who are not ready to price the risk of losing Jeff Bezos or his fellow space travelers. Bezos, Blue Origin and Virgin Galactic did not respond to requests for comment from Reuters on their insurance plans and flight records. NASA astronauts are eligible for government life insurance programs, a NASA spokesperson said in an emailed response. A key question for how the sector develops is whether risks related to tourism fall under space or aviation insurance lines, insurers and brokers told Reuters. The first-ever aviation insurance policy was written by Lloyd's of London in 1911.
Persons: Jeff Bezos, Elon Musk, Richard Branson, Michael Barry, Bezos, We're, Neil Stevens, Richard Parker, Charles Wetton, Wetton, Tim Rush, Gallagher, Akiko Hama, Lloyd's, Charles Lindbergh, Marsh's Stevens, Stevens, Space's Parker, we're, Parker Organizations: Amazon, Elon, Insurance, Institute, Reuters, Shepard, Galactic, Virgin Galactic, NASA, AmTrust, Global Aerospace, International, Station Locations: Marsh, U.S, London, United States, Europe
Western drought brings another woe: voracious grasshoppers
  + stars: | 2021-06-24 | by ( The Associated Press | ) + 0.00   time to read: +6 min
“Drought and grasshoppers go together and they are cleaning us out.”A male migratory grasshopper. Left unaddressed, federal officials said the agricultural damage from grasshoppers could become so severe it could drive up beef and crop prices. The intent is to kill grasshoppers passing between strips while sparing other insects that don’t move as far. The federal government’s grasshopper program dates to the 1930s, when infestations covered millions of acres (hectares) in 17 western states. Almost 20 million acres (8 million hectares) were treated with 1.3 million gallons (5 million liters) of malathion, according to researchers.
Persons: Frank Wiederrick, , ” Wiederrick, , They’re, Sharon Selvaggio, Selvaggio, Jamie Ryan Lockman, Marko Manoukian, Charles M, Chelse Prather, Prather, they’ve Organizations: AP Grasshoppers, U.S . Department of Agriculture, Agriculture, U.S . Fish, Wildlife Service, Xerces Society, Organic, Montana State University, Farmers, of Wyoming, Russell National Wildlife, University of Dayton Locations: U.S ., Montana’s Phillips County, Montana, Rhode Island, West, Montana , Wyoming, Oregon, Idaho , Arizona , Colorado, Nebraska, U.S, Organic Montana, Phillips County,
Google delays Chrome's blocking of tracking cookies to late 2023
  + stars: | 2021-06-24 | by ( Paresh Dave | ) sentiment -1.00   time to read: +2 min
REUTERS/Charles PlatiauJune 24 (Reuters) - Google's Chrome web browser will not fully block tracking cookies until late 2023, the Alphabet Inc (GOOGL.O) company said on Thursday, delaying by nearly two years a move that has drawn antitrust concerns from competitors and regulators. Google had wanted to bar reams of ad-personalization companies from gathering users' browsing interests through cookies from January 2022. After an investigation, Britain's Competition and Markets Authority (CMA) agreed this month with Google to oversee the Chrome changes. read moreGoogle is working with the ad industry on technologies that could replace the tracking capabilities of cookies while better protecting online privacy. It now aims to choose new techniques by late next year, do final testing and then gradually phase out tracking cookies starting mid-2023 if CMA signs off.
Persons: Charles Platiau, Vinay Goel, Chrome, Paresh Dave, Richard Pullin Organizations: Google, Viva Tech, REUTERS, Alphabet Inc, Markets Authority, CMA, U.S . Department of Justice, Reuters, YouTube, Apple, Thomson Locations: Paris, France, European, United States, Europe
SURFSIDE, Florida—A portion of a condo tower in this Miami-area beachfront town collapsed, killing at least one person, injuring at least 10 people and triggering a painstaking search for survivors in the rubble. About 55 units were affected, and the building was substantially full of occupants, the mayor said, citing his conversation with a building manager. Amy Beth Bennett/South Florida Sun-Sentinel/Associated Press 1 of 11 • • • • • 1 of 11 Show Caption The northeast section of the 136-unit Champlain Towers South building collapsed in Surfside, Fla., a town north of Miami Beach. Surfside is a town of 6,000 people nestled between the village of Bal Harbour to the north and Miami Beach to the south. Police tape blocked access to the collapsed condo building in Surfside, north of Miami Beach.
Persons: Charles Burkett, Ray Jadallah, Mr, Burkett, Amy Beth Bennett, David Downey, Downey, hasn’t, Eliana, Ms, Salzhauer, , Daniella Levine Cava, Morgan Weisberg, Surfside, chandan khanna, Jon Kamp, Valerie Bauerlein, Elizabeth Bernstein, Arian Campo, Flores, flores Organizations: Dade, Officials, South Florida Sun, Sentinel, Associated, Associated Press Rescuers, Authorities, Dade Fire, CNN, International Association of Fire Chiefs, Indiana University, Miami Beach, Police, Agence France Locations: SURFSIDE, Florida, Miami, Champlain, Miami Beach, Surfside, Fla, South Florida, United States, Dade County, Bal Harbour, Collins, elizabeth.bernstein, arian.campo
Volkswagen considering buying majority stake in Europcar
  + stars: | 2021-06-24 | by ( ) sentiment -1.00   time to read: +2 min
The logo of car rental company Europcar is seen outside Paris Charles de Gaulle airport in Roissy-en-France during the outbreak of the coronavirus disease (COVID-19) in France May 19, 2020. REUTERS/Charles PlatiauBERLIN, June 24 (Reuters) - Germany's Volkswagen (VOWG_p.DE) confirmed on Thursday it is considering acquiring a majority stake in car rental company Europcar (EUCAR.PA) as it seeks to tap into the trend for consumers to rent rather than own a vehicle. The car rental business has taken a heavy hit from the coronavirus pandemic given the collapse of the travel market. Company sources have suggested that Volkswagen could use Europcar's network of rental stations to help it become a broader provider of different mobility options. Bloomberg news agency had already reported that Europcar had rejected a $2.6 billion takeover bid from Volkswagen.
Persons: Paris Charles de, Charles Platiau BERLIN, Attestor, Eurazeo, Europcar, Emma Thomasson, Caroline Copley Organizations: REUTERS, Volkswagen, Pon Holdings, Reuters, VW, Bloomberg, Thomson Locations: Paris, Paris Charles de Gaulle, Roissy, France
Miami-Area Beachfront Condo Collapses, Killing at Least One
  + stars: | 2021-06-24 | by ( Associated Press | ) sentiment -1.00   time to read: 1 min
SURFSIDE, Fla.—The sea-view side of a beachfront condo tower collapsed in the Miami-area town of Surfside, killing at least one, trapping residents in rubble and twisted metal and sending a cloud of debris throughout the neighborhood. Scores of rescue units rushed to the partially collapsed building, and firefighters were seen pulling survivors from the concrete debris. Surfside Mayor Charles Burkett said during a news conference that the building manager told him the building was substantially full. Ten people were treated at the scene and two were brought to the hospital, one of whom died, Mr. Burkett said. He added that 15 families walked out of the building on their own.
Persons: Charles Burkett, Burkett Organizations: Dade police Locations: Fla, Miami, Surfside
A general view of the Blue Origin New Shepard rocket booster at the 33rd Space Symposium in Colorado Springs, Colorado, United States April 5, 2017. "Space tourism involves significant risk, but is not an issue life insurers specifically ask about as yet because it is so rare for anyone to travel into space," Insurance Information Institute (III) spokesperson Michael Barry said. Blue Origin has flown 15 unmanned sub-orbital flights with no failures, Seradata SpaceTrak data showed on June 10. Bezos, Blue Origin and Virgin Galactic did not respond to requests for comment from Reuters on their insurance plans and flight records. NASA astronauts are eligible for government life insurance programs, a NASA spokesperson said in an emailed response.
Persons: Isaiah J, Downing, Jeff Bezos, Bezos, Elon Musk, Richard Branson, Michael Barry, We're, Neil Stevens, Richard Parker, Charles Wetton, Wetton, Tim Rush, Gallagher, Akiko Hama, Lloyd's, Charles Lindbergh, Marsh's Stevens, Stevens, Space's Parker, we're, Parker, Noor Zainab Hussain, Carolyn Cohn, Manojna Maddipatla, Chakrabarty, Alexander Smith Organizations: Shepard, REUTERS, Elon, Insurance, Institute, Reuters, Galactic, Virgin Galactic, NASA, AmTrust, Global Aerospace, International Space, Thomson Locations: Colorado Springs , Colorado, United States, Marsh, U.S, London, Europe, Bengaluru
What We Know About the Miami-Area Building Collapse
  + stars: | 2021-06-24 | by ( Wsj Staff | ) sentiment -1.00   time to read: +1 min
A portion of a condo tower in the Miami-area beachfront town of Surfside, Fla., collapsed. Officials said it was too soon to determine the cause of the collapse. “Buildings just don’t fall down in America, they just don’t,” said Surfside Mayor Charles Burkett in an interview. There were at least 99 people unaccounted for, Miami-Dade Commissioner Sally Heyman said. Officials said it could take days or even a week to search the building, a process made more painstaking by the potential for additional collapse.
Persons: Ray Jadallah, , Charles Burkett, Sally Heyman Organizations: Dade, Officials Locations: Miami, Surfside, Fla, Champlain, America
How the Office Became a Place to Work
  + stars: | 2021-06-24 | by ( Amanda Foreman | ) sentiment -0.99   time to read: +2 min
Wall Street wants its workforce back in the office. Contrary to popular belief, office work is not a beastly invention of the capitalist system. The word “office” is an amalgamation of the Latin officium, which meant a position or duty, and ob ficium, literally “toward doing.” Geoffrey Chaucer was the first writer known to use “office” to mean an actual place, in “The Canterbury Tales” in 1395. Three years later, the East India Company began administering its Indian possessions from gleaming new offices in Leadenhall Street. The essayist and critic Charles Lamb joined the East India Company there as a junior clerk in 1792 and stayed until his retirement, but he detested office life, calling it “daylight servitude.” “I always arrive late at the office,” he famously wrote, “but I make up for it by leaving early.”
Persons: Amanda Foreman, Morgan Stanley, Goldman Sachs, ” Geoffrey Chaucer, Medicis, Florence, Charles Lamb, ” “, Organizations: Bank of America, Royal Navy, Ripley, Admiralty, East India Company Locations: Mesopotamia, , Europe, British, London, Leadenhall
Leaders of 16 EU states call on bloc to fight LGBTI discrimination
  + stars: | 2021-06-24 | by ( ) + 0.98   time to read: +1 min
People attend the "Equality Parade" rally in support of the LGBT community, in Warsaw, Poland June 19, 2021. REUTERS/Kacper PempelBERLIN, June 24 (Reuters) - Europe must fight against discrimination of the LGBTI community and defend fundamental rights, the leaders of 16 European states said in a jointly-signed letter to the heads of the European Union on Thursday. "Respect and tolerance are at the heart of the European project," the letter, addressed to EU Commission President Ursula von der Leyen and EU Council President Charles Michel, said. The European Commission will take action against Hungary over planned new restrictions on LGBT rights, the head of the bloc's executive announced on Wednesday, saying they violated fundamental EU values. read moreWriting by Caroline Copley Editing by Riham AlkousaaOur Standards: The Thomson Reuters Trust Principles.
Persons: Pempel, Ursula von der Leyen, Charles Michel, Caroline Copley, Riham Organizations: REUTERS, European Union, EU, European, Thomson Locations: Warsaw, Poland, Pempel BERLIN, Europe, Hungary
Volkswagen mulls buying majority stake in Europcar
  + stars: | 2021-06-24 | by ( ) sentiment -1.00   time to read: +1 min
The logo of car rental company Europcar is seen outside Paris Charles de Gaulle airport in Roissy-en-France during the outbreak of the coronavirus disease (COVID-19) in France May 19, 2020. REUTERS/Charles PlatiauBERLIN, June 24 (Reuters) - German carmaker Volkswagen (VOWG_p.DE) confirmed on Thursday that it is considering acquiring a majority stake in car rental company Europcar (EUCAR.PA), along with investors Attestor and Pon Holdings. Volkswagen said buying Europcar was one of several options the company was considering to give the company access to a rental platform that would support its "long-term mobility vision" and strengthen its range of products and services. On Wednesday, Bloomberg news agency reported that Europcar had rejected a $2.6 billion takeover bid from Volkswagen. ($1 = 0.8370 euros)Reporting by Emma Thomasson Editing by Caroline CopleyOur Standards: The Thomson Reuters Trust Principles.
Persons: Paris Charles de, Charles Platiau BERLIN, Attestor, Europcar, Emma Thomasson, Caroline Copley Organizations: REUTERS, Volkswagen, Pon Holdings, Bloomberg, Thomson Locations: Paris, Paris Charles de Gaulle, Roissy, France
Hungarian PM says he is gay rights fighter, defends new law
  + stars: | 2021-06-24 | by ( ) sentiment -0.88   time to read: +1 min
Hungary's Prime Minister Viktor Orban addresses the media as he arrives on the first day of the European Union summit at The European Council Building in Brussels, Belgium June 24, 2021. John Thys/Pool via REUTERSBRUSSELS, June 24 (Reuters) - Hungarian Prime Minister Viktor Orban defended his country's law to ban the dissemination of material in schools deemed to promote homosexuality or gender change, and declared himself a fighter for LGBT rights. "I am a fighter for their rights. That's what the law is about," Orban said, adding he had no plans to repeal it. Summit chairman Charles Michel said separately in arriving to the talks that the 27 national EU leaders will have a debate about the contentious new Hungarian law on Thursday evening.
Persons: Viktor Orban, John Thys, Orban, Charles Michel, Philip Blenkinsop, Marine Strauss, Gabriela Baczynska Organizations: Hungary's, European, REUTERS, EU, Thomson Locations: Brussels, Belgium, REUTERS BRUSSELS, Hungarian
Residential Building Near Miami Beach Partially Collapses
  + stars: | 2021-06-24 | by ( Jenny Gross | Derrick Bryson Taylor | ) sentiment -1.00   time to read: +1 min
A search-and-rescue effort involving dozens of units was underway on Thursday after a high-rise residential building just north of Miami Beach partially collapsed. “A number of people” were rushed to nearby hospitals from the rubble of the collapsed building, in the town of Surfside in Miami-Dade County, Fla., a police spokesman said. At least two were in critical condition, according to a spokesman for Aventura Hospital and Medical Center. “Apparently when the building came down, it pancaked. So there’s just not a lot of voids that they’re finding or seeing from the outside.”
Persons: , Charles W, Burkett, , haven’t, that’s, there’s Organizations: Aventura Hospital, Medical Center, NBC Locations: Miami Beach, Surfside, Miami, Dade County, Fla
“We are bracing for some bad news,” the Florida governor said, as a large rescue effort was underway in the town of Surfside. Video A search-and-rescue effort is underway on Thursday after a high-rise residential building just north of Miami Beach partially collapsed. Credit Credit... Marco Bello/ReutersA major search-and-rescue effort was underway on Thursday morning after the partial collapse of a high-rise residential building in Surfside, Fla., just north of Miami Beach. Charles W. Burkett, the mayor of Surfside, told the “Today” show on NBC that he had heard from the police that medical teams had treated 10 people at the site. Images from WPLG Local 10, a Miami TV station, showed firefighters pulling a boy from the rubble amid piles of debris and rebar.
Persons: Marco Bello, Ron DeSantis, Daniella Levine Cava, “ We’re, Ray Jadallah, Jadallah, , Charles W, Burkett, , haven’t, that’s, there’s, Mary Parker Organizations: Credit, Reuters, Miami - Dade Fire Rescue, Aventura Hospital, Medical Center, NBC, Miami -, WPLG, Miami TV Locations: Florida, Surfside, Miami Beach, Fla, Miami, Dade County, , Champlain, Miami - Dade
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA 12-story condo building in Miami, Florida collapses, killing at least one personAt least one person was killed after a high-rise condominium building partially collapsed near Miami Beach early Thursday. Rescue crews continued to search for any survivors after a massive emergency response to the incident in Surfside, a town in Florida's Miami-Dade County. At least 10 people were also being treated for injuries, according to Surfside Mayor Charles Burkett, while dozens more were displaced.
Persons: Charles Burkett Organizations: Rescue Locations: Miami , Florida, Miami Beach, Surfside, Florida's Miami, Dade County
Britain's Prince Charles joins insurance firms in climate push
  + stars: | 2021-06-24 | by ( ) + 0.99   time to read: +2 min
Britain's Prince Charles tours FarmED, a new center for farm and food education in Oxfordshire, Britain, June 22, 2021. REUTERS/Toby Melville/Pool/File PhotoLONDON, June 24 (Reuters) - Britain's Prince Charles and the Lloyd's of London (SOLYD.UL) insurance market launched a task force on Thursday to help the industry make the transition to a net zero economy. The task force is chaired by Lloyd's, with support from Charles' Sustainable Markets Initiative. "The insurance industry is exceptionally well placed to understand the impact of climate change and the damage it can cause to us all if we don’t take action now", Charles said. The task force plans to draw up a plan of action ahead of the COP26 climate conference in Glasgow in November, Carnegie-Brown said.
Persons: Britain's Prince Charles, Toby Melville, Charles, Charles said, Bruce Carnegie, Brown, Carolyn Cohn, Giles Elgood Organizations: REUTERS, Lloyd's, Sustainable Markets, AXA, Allianz, Reuters, Carnegie, Thomson Locations: Oxfordshire, Britain, London, Glasgow
A group of Republican and Democratic senators struck a bipartisan infrastructure deal on Thursday. Biden had proposed hiking the corporate tax rate from 21% to 28%, after the rate had been slashed from 35% in Trump's 2017 tax law. Instead, a document outlining the bipartisan deal lists reducing the tax gap — the gap between taxes owed and collected — as one potential way to offset spending. He cited an estimate from IRS Commissioner Charles Rettig that the tax gap could be in the ballpark of $1 trillion a year. In remarks following the deal's announcement, Biden said he looked forward to receiving the bipartisan physical infrastructure deal, as well as a "human infrastructure" bill that will likely just garner party-line support.
Persons: Joe Biden, Biden, Mitch McConnell, Sen, Mark Warner, Charles Rettig, Warner, I'm Organizations: Republican, Democratic, Service, GOP, American Families, IRS
Florida firefighters heard a banging noise during rescue operations at a collapsed condo building. At least one person died when a section of Champlain Towers South collapsed Thursday morning. "We did receive sounds," Jadallah told reporters. "What sounds like people banging — well not people, but sounds of a possibility of a banging. Firefighters are currently tunning to different floors from a parking garage that is beneath the collapsed building.
Persons: Ray Jadallah, Jadallah Organizations: Service, Firefighters, Dade, Rescue Locations: Florida, Champlain Towers, Miami
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