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African Bank Expands into Digital Banking, with Plans to Offer More Insurance Products
African Bank Holdings Ltd. is joining the rush into digital banking to fail-proof the business and provide an exit for shareholders that resurrected the South African lender from its collapsed former parent. The firm’s unusual owners, which includes the South …

POSTED MARCH 26, 2019 9:57 AM
Norsk Hydro Returns Major Production Division to 60% of Capacity After Cyber Attack
Norsk Hydro, one of the world’s largest aluminum producers, said on Monday one of its major divisions was back up to 60 percent of capacity after a cyber attack earlier in March. The cyber attack forced the company to shut …

POSTED MARCH 26, 2019 9:25 AM
Tropical Cyclone Idai Destroyed More Than $1B of Southern Africa Infrastructure: UN
A cyclone that tore across southern Africa this month may have destroyed more than $1 billion of infrastructure, the United Nations said, as the death toll from the storm climbed to more than 700. After devastating Mozambique’s port city of …

POSTED MARCH 26, 2019 8:33 AM
UK Parliament Seizes Control of Brexit Process from Prime Minister May
The U.K. Parliament seized control of the Brexit process from Prime Minister Theresa May and will now seek to decide how Britain exits the European Union. In a vote late Monday, the House of Commons split 329 to 302 to …

POSTED MARCH 26, 2019 8:20 AM
French Activist Fund Aims to Remove SCOR CEO Kessler from Board
French activist fund CIAM will ask reinsurance company SCOR’s CEO Denis Kessler to surrender the chairmanship of the company’s board after he thwarted a takeover attempt earlier this year. CIAM, which has just under one percent of SCOR, will ask …

POSTED MARCH 26, 2019 8:06 AM
Illinois’ SBJW Insurance Joins Valley Insurance Agency Alliance
SBJW Insurance in Quincy, Illinois, has joined Valley Insurance Agency Alliance (VIAA), a cohesive family of over 120 independent insurance agencies in Missouri and Illinois. SBJW Insurance was founded in 2019 by owner Sara Bruns, who has more than 15 …

POSTED MARCH 26, 2019 6:07 AM
Governor Signs South Dakota Law That Targets Labeling of ‘Fake Meat’
Gov. Kristi Noem has signed legislation that requires “fake meat” products to be correctly labeled, hoping to reduce the impact of lab-cultured products on the local beef market. A product is misbranded if it intentionally labels products in a false, …

POSTED MARCH 26, 2019 6:04 AM
Vanderbilt University Hospital Sued for $25M for Operating on Wrong Kidney
A Tennessee woman says Vanderbilt University Medical Center operated on the wrong kidney during her surgery in what federal officials call a “never event.” The Tennessean reports Carla Miller says the error damaged her urinary system and she now needs …

POSTED MARCH 26, 2019 5:23 AM
Tennessee Gov Requests Federal Aid for Flood Damage
Tennessee Gov. Bill Lee is asking President Donald Trump’s administration to make federal assistance available for government efforts to address recent flooding and storms, citing a $151.3 million impact through local and state emergency responses, and infrastructure and road damage. …

POSTED MARCH 26, 2019 5:09 AM
U. of Minnesota Worker Charged with Stealing $134K in Computers from School
A former University of Minnesota employee who admitted to stealing iPads from Target is also accused of the using school funds to purchase 78 computers over 14 months and sell them for personal profit, according to authorities. Hennepin County District …

POSTED MARCH 26, 2019 5:02 AM

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