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Tag: toxic

HSBC to pay $765m to settle toxic mortgage case

HSBC to pay $765m to settle toxic mortgage case

Business
HSBC has agreed to pay $ 765m (£588m) to the US Department of Justice (DoJ) to settle a probe into the sale of mortgage-backed securities in the run-up to the financial crisis. It is the latest bank to settle claims of mis-selling toxic debt before the financial crisis.HSBC has paid a lot less than the Royal Bank of Scotland, which agreed to pay $ 4.9bn in May and Barclays' $ 2bn settlement with the DoJ in March.It had already set aside $ 897m in the first quarter for any potential settlements.The bank warned the "settlement-in-principle is subject to negotiation" and there was no "assurance that HSBC and the DoJ will agree on the final documentation".Europe's biggest bank made the announcement as it delivered a 4.6% rise in pretax profit for the first six months of t...
Children sick as Russia's landfill crisis turns toxic

Children sick as Russia's landfill crisis turns toxic

World
No one likes a landfill in their backyard, especially not when it makes their children sick. That's what happened in the town of Volokolamsk, three days after Russia's general election.As the world's diplomats worried about a poisoning in Salisbury, the residents of Volokolamsk worried about a mass poisoning of their sons and daughters.More than 60 children were treated at a local clinic for headaches, nausea and breathing difficulties.Locals blamed a particularly toxic emission from the nearby Yadrovo dump, one of 15 across the Moscow region filled well beyond capacity with waste from the capital.Image:Toxic emissions from the Yadrovo dump have been blamed for the ilnnessAt the end of March, district officials declared a state of emergency because of excessive levels of hydrogen sulphide...
Health warnings after toxic caterpillar outbreak in London

Health warnings after toxic caterpillar outbreak in London

Science
An outbreak of toxic caterpillars that can cause asthma attacks, vomiting and skin rashes has descended on London, officials have warned.Oak processionary moths (OPM), which are in their larval stage, have been spotted across the south-east of England and in the capital.Hairs on the caterpillars can cause fevers and eye and throat irritations, the Forestry Commission said. The organisation has issued a caution not to touch the species.The biggest infestations of OPM were recorded in Greater London, stemming from Kingston upon Thames to Brent.Some infestations were also spotted in Bracknell Forest, Slough and Guildford. OPM caterpillars were spotted emerging from egg plaques in mid-April, and trees were later treated on 23 April, the Forestry Commission added."The treatment programme is ex...
Teens using e-cigarettes show evidence of same toxic chemicals as smokers: Study

Teens using e-cigarettes show evidence of same toxic chemicals as smokers: Study

Health
Using e-cigarettes has been promoted as a way to help adult smokers cut back or quit smoking, or at least to minimize the health damage that smoking causes. Teens, even middle schoolers, have taken up e-cigarettes as well. But as researchers continue to study their safety, a new report in Pediatrics shows vaping could lead to the presence of concerning levels of toxic chemicals. Almost 100 teens from the San Francisco Bay area were examined in the University of California-San Francisco study: 67 teens used e-cigarettes only, 16 used both e-cigarettes and conventional cigarettes and 20 didn't smoke or vape at all. Urine and salivary gland testing looked for breakdown products of toxic chemicals that have been associated with cancer -- and found them in both smokers and vapers -- but not ...
Oil spills expose indigenous communities to toxic metals

Oil spills expose indigenous communities to toxic metals

Science
Feb. 9 (UPI) -- Scientists have identified elevated levels of harmful metals in indigenous people living near oil spills.The findings -- published this week in the journal Environmental Health -- are only the latest to highlight the significant environmental hazards faced by already vulnerable communities.The study was carried out by a team of researchers from the Barcelona Institute for Global Health, ISGlobal, in Spain, and the Peruvian National Center for Occupational Health and Environmental Health Protection. Scientists measured levels of mercury, cadmium, lead and arsenic in people living in San Pedro and Cuninico, two indigenous Kukama communities.The two communities were impacted by a pair of large oil spills resulting from ruptures in the North Peruvian pipeline."In spite of the f...