Latest in Ethiopia opens banking sector to foreign investment
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Senator Blasts Airlines, Saying They See Passengers as ‘Walking Piggy Banks’
Sen. Richard Blumenthal (D-Conn.) ripped the five largest airlines for collecting $12.4 billion in seat fees between 2018 and 2023.Inc. - Dec. 4 -
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Lloyds boss warns of UK ‘investability problem’ after motor finance ruling
Sector left reeling after court backs consumer complaints about ‘secret commissions’ on car loansFinancial Times - Dec. 4 -
Deutsche Bank chief calls for relief on regulation and ‘rethink’ on tax
Call comes amid discontent with Germany’s ruling coalition ahead of snap election in FebruaryFinancial Times - Dec. 4 -
'No Other Land,' from an Israeli-Palestinian alliance, looks at West Bank destruction
Filmmakers overcame assault and lost equipment to finish 'No Other Land,' a documentary about the West Bank. But while it's eligible for an Oscar, it still does not have U.S. distribution.Los Angeles Times - Dec. 4 -
Germany’s car sector layoffs could fill skill shortages in mid-cap firms, Deutsche Bank CEO says
Deutsche Bank CEO Christian Sewing said layoffs in car manufacturers including Volkswagen could help fill labor shortages in medium sized firmsMarketWatch - Dec. 4 -
Central banks should tread cautiously with rate cuts, says OECD
Core price pressures and services inflation should make rate-setters wary of cutting too fast, report concludesFinancial Times - Dec. 4 -
City’s new bonus rules will be better for bankers than banks
Gifts for the risk takers and rainmakersFinancial Times - Dec. 4 -
Music sector workers to lose nearly a quarter of income to AI in next four years, global study finds
AI boom will enrich giant tech companies but creators’ rights and income will be drastically reduced unless policymakers intervene, report warns. Follow our Australia news live blog for latest ...The Guardian - Dec. 4 -
Bundesbank chief calls for softer debt brake to increase investment
German central bank president Joachim Nagel urges Berlin to relax rules to address defence and infrastructure shortfallsFinancial Times - Dec. 4 -
13 women convicted in Cambodia of acting as pregnancy surrogates for foreigners
Thirteen women from the Philippines have been convicted on human trafficking-related charges for acting as surrogates in Cambodia for a ring selling babies to foreigners for cashABC News - Dec. 3 -
13 women convicted in Cambodia of acting as surrogates for foreign clients
Thirteen women from the Philippines have been convicted on human trafficking-related charges for acting as surrogates in Cambodia for a ring selling babies to foreigners for cashABC News - Dec. 3 -
What we know about Trump's plans on foreign policy, tariffs
Tariffs for countries sending goods to the U.S. still appear to be part of President-elect Donald Trump's plans for his second term in the White House. CBS MoneyWatch correspondent Kelly O'Grady ...CBS News - Dec. 3 -
Biden’s vexed foreign policy legacy leaves hard choices ahead
Thanks to Biden’s actions (or inaction), the incoming Trump administration faces difficult policy choices on the Ukraine war and China’s aggressive expansionism in Asia, as well as containing the ...The Hill - Dec. 3 -
FTC Opens Microsoft Antitrust Inquiry
It will fall to the incoming Trump administration to pursue or drop the investigation.Inc. - Dec. 3 -
Boeing’s volatile bonds could outshine the defense sector next year
Boeing Co. was named a “best idea” by the U.S. investment-grade team at CreditSights on Tuesday, on expectations the troubled aerospace company can stabilize its ratings and provide a path to ...MarketWatch - Dec. 3 -
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How a gold investment could boost your portfolio in 2025
Gold can be a valuable asset to add to your portfolio ahead of the new year. Here's why.CBS News - Dec. 3 -
Job openings bounced in October on need for IT workers
The number of job openings and people quitting their jobs ticked upward in October while layoffs edged down, signaling a modest improvement in hiring conditions amid a broader tightening in the ...The Hill - Dec. 3 -
Sovereign investment dispute resolution is broken
(for everyone except the lawyers, naturally)Financial Times - Dec. 3 -
Lawmakers in Georgia's separatist region of Abkhazia reject encouraging Russian investment
Lawmakers in Georgia’s breakaway province of Abkhazia on Tuesday rejected a bill offering privileges to Russian investors that sparked days of unrest and forced the regional leader to step downABC News - Dec. 3 -
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World Bank Warns of Record Debt Costs for Developing Countries
The World Bank warned in a new report that poor countries will be stuck in economic “purgatory” without debt relief.The New York Times - Dec. 3 -
Smilegate invests in GTA leader Dan Houser’s Absurd Ventures
Smilegate has made a strategic investment in Absurd Ventures, a game studio founded by Rockstar Games cofounder Dan Houser.VentureBeat - Dec. 3 -
BlackRock expanding in private credit, buys HPS Investment Partners for $12 billion
The deal, which is expected to close in mid-2025, comes during a boom for the private credit space.CNBC - Dec. 3 -
In Angola, Biden plans to tout US investments and visit a slavery museum
Joe Biden is using the first visit to Angola by a U.S. president to promote Washington’s investments in the sub-Sahara African nation and to see a slavery museum where he’ll acknowledge the ...ABC News - Dec. 3 -
Universities enrolling foreign students with poor English, BBC finds
Institutions may be overlooking inadequate language skills to receive high fees from overseas students.BBC News - Dec. 3 -
Sanofi to Invest $1 Billion in New Insulin Manufacturing Base in China
The new base, which will be located in Yizhuang, Beijing, marks Sanofi’s second production site in the capital and its fourth in the country.The Wall Street Journal - Dec. 3 -
Zelensky Signals He's Open to Negotiating a Peace Deal
In a shift, the Ukrainian president indicates he would accept a cease-fire with Russia if his country obtains NATO membership.The Wall Street Journal - Dec. 3 -
UK regulator opens door to Shein London listing
Financial Conduct Authority values disclosure over ‘corporate behaviour’, says Nikhil RathiFinancial Times - Dec. 3 -
UK chemicals sector doubts Starmer ‘reset’ will end Brexit blues
Businesses say regulatory and customs frictions will barely be eased if Labour government sticks to red lines on EUFinancial Times - Dec. 3 -
Investors call for reform of Scotland’s ‘stamp duty’ to boost investment
Asset managers call for removal of ‘disincentive’ to property spending north of the borderFinancial Times - Dec. 3 -
Trump picks investment banker Warren Stephens as UK ambassador
The billionaire donated millions to President-elect Donald Trump’s re-election campaign this year.BBC News - Dec. 3 -
Zscaler’s post-earnings stock drop further bucks 2024’s rally by software sector
Zscaler’s stock was down on the year prior to earnings, while an ETF tracking the software sector had rallied 29%MarketWatch - Dec. 3 -
Trump Picks Warren Stephens, Billionaire Investment Banker, for U.K. Ambassador
Warren Stephens, an investment banker, gave $2 million in 2016 to a group aiming to block Donald J. Trump’s political rise. More recently, he backed Asa Hutchinson, Chris Christie, Mike Pence and ...The New York Times - Dec. 3 -
Trump taps investment banker Warren Stephens for UK ambassador
President-elect Trump announced on Monday that investment banker Warren Stephens would serve as U.S. ambassador to the United Kingdom. “Warren has always dreamed of serving the United States full ...The Hill - Dec. 2 -
Wisconsin Judge Strikes Down Limits on Public Sector Unions
The 2011 law stripped most government workers in the state of collective bargaining rights and set off protests that lasted weeks.The New York Times - Dec. 2 -
Should you open a long-term CD this December?
Long-term CD accounts have been beneficial for savers in recent years. But are they still worth opening this month?CBS News - Dec. 2 -
Bipartisan bill would study AI's impact on banking, housing
A new bill with bipartisan support would commission studies on the use of artificial intelligence (AI) in the banking and housing sectors, where lawmakers have been sounding an alarm about ...The Hill - Dec. 2
