Regulation

Colombia's Water Regulation Commission (CRA), Housing Ministry, and Superservicios unveiled a new tariff framework for drinking water and basic sanitation affecting 5,000 providers. The change excludes projected investments from tariffs, billing only those completed year-to-year. Andesco raised concerns over the lack of a transition period and potential tariff hikes.

March 22, 2026 Reported by AI

Chile holds nearly 40% of the world's astronomical observation capacity, which could exceed 60% early next decade with telescopes like the Giant Magellan Telescope. Óscar Contreras-Villarroel, vice president and Chile representative for the project, stresses protecting dark skies and installation sites through consistent regulations.

The Insurance Regulatory Authority (IRA) has placed KUSCCO Mutual Assurance Ltd, Trident Insurance Company Ltd, and Corporate Insurance Company Ltd under statutory management effective March 10, 2026. The firms cannot issue new policies from March 11, and existing policyholders are advised to seek alternative coverage.

March 10, 2026 Reported by AI

The Texas Department of Banking has issued a consent order against Chicago-based cryptocurrency kiosk operator CoinFlip for conducting unlicensed money transmission. The company must pay over $40,000 and halt transactions until licensed. This follows prior violations and a merger-related issue.

Russia's central bank is considering a plan to let banks and brokerage firms operate cryptocurrency exchanges using a simplified notification process tied to their existing licenses. Governor Elvira Nabiullina presented the proposal as a way to integrate digital assets into the country's financial infrastructure while managing risks. The move is part of broader efforts to establish a regulatory framework for cryptocurrencies, effective from July 2026.

March 05, 2026 Reported by AI

The Federal Aviation Administration has imposed a cap on daily flights at Chicago's O'Hare International Airport to prevent delays and cancellations caused by overscheduling from American Airlines and United Airlines. The move follows a turf war between the carriers over gate access, leading to schedules exceeding the airport's runway capacity. Airlines must now reduce operations to no more than 2,800 per day.