Head of Dubai-based ports giant DP World, Sultan Ahmed bin Sulayem, resigned following scrutiny over his links to convicted sex offender Jeffrey Epstein, the company announced Friday. Simultaneously, the US saw inflation cool in January, driven by falling prices for energy and used cars, while Amazon's Ring ended a deal with surveillance firm Flock Safety after facing backlash over privacy concerns. Elsewhere, opposition leader Peter Magyar in Hungary accused rivals of planning to blackmail him ahead of the upcoming election, and former US President Donald Trump's decision to reverse a key climate policy ruling is expected to face legal challenges.
DP World announced Sulayem's resignation, effective immediately, after newly-released files revealed he exchanged hundreds of emails with Epstein over a decade, according to Reuters. The company named Essa Kazim as chairman and Yuvraj Narayan as chief executive. Being mentioned in the files does not indicate any wrongdoing, and the BBC approached Sulayem for comment.
In the US, the consumer price index rose by 2.4% over the 12 months to January, down from 2.7% the prior month, the Department of Labor reported. This marked the slowest pace of inflation since May, potentially influencing the Federal Reserve's decisions on interest rates. Some analysts warned that progress toward the Fed's 2% target could stall if companies pass on tariff costs or if labor shortages push up prices.
Amazon's Ring canceled its partnership with Flock Safety, a firm that operates a network of cameras and license plate readers, after facing criticism over privacy practices, according to a BBC report. The deal, announced in October, would have allowed agencies working with Flock to retrieve video captured on Ring devices. The decision followed a Ring advertisement during the Super Bowl that sparked widespread backlash.
In Hungary, opposition leader Peter Magyar accused his rivals of planning to blackmail him with a secretly recorded sex tape ahead of the election scheduled in less than two months, according to a BBC report. Magyar, who leads Prime Minister Viktor Orban in the polls, said he suspected plans to release a tape of him from August 2024. He is filing a complaint with authorities.
Former President Trump's reversal of the "endangerment finding," a key Obama-era ruling underpinning US environmental legislation, is expected to face legal challenges from environmental groups, according to BBC World. Experts predict various environmental and economic impacts as a result of the change, including fewer restrictions on greenhouse gas emissions.
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