Author: Max Smith

(Bloomberg) — Guido Mantega, a former Brazilian finance minister, said President Luiz Inacio Lula da Silva’s government is looking to recruit him to join the board of Braskem SA and that he would take the post if shareholders approve. “I was contacted by the chief of staff's office and I responded,” Mantega said in an interview when asked about the petrochemical maker. “If the shareholders' meeting decides on this, I will attend the Braskem board meeting.” The government has been leaning on Mantega, a close economic adviser to President Lula, as it seeks to expand its influence over major companies.…

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Latest version Summary of consumer finance companies by state We'll be highlighting some of the most interesting bills recently enacted in Colorado and South Carolina. Colorado: Effective May 17, House Bill 24-1011 (Colorado Session Act No. 189 of 2024) adds a new section 38-40-106 to the Colorado Revised Code, which establishes requirements for mortgage servicers regarding the payment of insurance claims related to mortgaged residential property. First, the new clause provides for certain steps that mortgage servicers must take regarding the payment of insurance claims to borrowers. Upon the borrower's request, mortgage servicers must promptly disclose to the borrower the…

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Major changes in cybersecurity compliance are on the horizon, and businesses need to prepare. Starting in 2024, organizations will face new requirements to report cybersecurity incidents and ransomware payments to the federal government. The changes stem from the US Department of Homeland Security's (DHS) Cybersecurity Infrastructure and Security Agency (CISA) issuing a proposed rulemaking (NPRM) on April 4, 2024. The notice is intended to implement the Critical Infrastructure Cyber ​​Incident Reporting Act of 2022 (CIRCIA). Essentially, this means that “covered entities” must report certain cyber incidents and ransom payments to CISA within a set time frame. background In March 2022,…

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Government, Industry Concerns grow over Department of Defense plans to expand Microsoft investment Chris Liotta (Chris Liotta) • June 3, 2024 US lawmakers say the Pentagon should look beyond Microsoft (Image: Shutterstock) US lawmakers are raising alarm over the Department of Defense's plans to make further investments in Microsoft products, despite a series of high-profile cybersecurity incidents affecting the tech giant.reference: How can SLTT protect against cyber threats? Two bipartisan senators wrote a letter to Defense Department CIO John Sherman expressing “serious concerns” that the Pentagon is “doubling down on its failed strategy of increasing reliance on Microsoft” as…

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SAN DIEGO (KSWB/KUSI) — San Diego Padres infielder Tucupita Marcano is under investigation by Major League Baseball for allegedly violating the league's gambling rules, according to multiple reports. Marcano, who joined the Padres from the Pittsburgh Pirates in the offseason and has been on the long-term disabled list so far this season, is accused of betting on games shortly after suffering a season-ending torn anterior cruciate ligament last July. Padres officials said in a statement they were aware of the investigation “regarding matters that occurred while the player in question was with another organization unrelated to the San Diego Padres.”…

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Aaron Jones will play for the United States team, co-hosts of the upcoming Cricket World Cup. (Alex Davidson-ICC/ICC via Getty Images)The ninth edition of the ICC Men's T20 World Cup is fast approaching, the first Cricket World Cup to be co-hosted by the United States. From June 1 to June 29, a record 20 teams will play 55 matches for the 2024 T20 World Cup trophy. The matches continue today with the Sri Lanka vs South Africa match starting at 10:30 AM EST. And tonight, the Afghanistan vs Uganda match will be played at 8:30 PM EST. Are you ready…

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MORGANTOWN – An association representing the state's 28 water utilities is concerned that a recent cyber threat vulnerability assessment order by the Public Utilities Commission could inadvertently pose a threat to water utilities' cybersecurity. In a recent letter to the PSC, the West Virginia Municipal Water Quality Association said the PSC's May 16 order was erroneously based in part on federal EPA guidance that the EPA has rescinded following lawsuits in several states. The association is calling on the PSC to modify the order, adding that it “respectfully requests that the PSC consider consulting with the state's public water systems…

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Why one in three Americans feel no financial anxiety at allAccording to the Federal Reserve's 2023 Survey of U.S. Household Economic Well-Being, many Americans feel financially anxious, but a surprising 31% of Americans report having no financial concerns.But a detailed survey released in May 2024 paints a worrying picture for Americans' financial well-being: 72% of respondents said they were at least financially OK, down from 73% in 2022 and a significant drop from their post-pandemic high of 78% in 2021. This is the lowest rate since 2016, revealing a decline in economic health.do not miss it:Inflation remains the biggest concernOne…

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