Latest in Billions Disaster Relief
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Moment of relief as Romania and Bulgaria join EU border-free zone
Seventeen years after joining the EU, the two countries are given the green light to join the Schengen zone.BBC News - Dec. 12 -
A major disaster declaration every two days is "the new normal," FEMA administrator says
The U.S. faced an unprecedented 179 disasters in 2024, according to FEMA, affecting millions of Americans and wiping out some towns. CBS News' Nicole Sganga spoke with FEMA Administrator Deanne ...CBS News - Dec. 11 -
Future of FEMA in question, Criswell warns against letting states handle disaster relief
FEMA's place in President-elect Donald Trump's incoming administration is unclear after Trump subjected the agency to attacks and misinformation in the aftermath of Hurricanes Helene and Milton. ...CBS News - Dec. 11 -
Zalando to Bid $1.3 Billion for About You
Zalando plans to submit an offer to buy About You in a move to expand its offering in the European e-commerce fashion market.The Wall Street Journal - Dec. 11 -
Malaria cases rise for fifth year as disasters and resistance hamper control efforts
The disease killed 600,000 people amid 263m cases globally in 2023, says WHO, calling for nations to address funding shortfall. Malaria killed almost 600,000 people in 2023, as cases rose for the ...The Guardian - Dec. 11 -
Biden Calls Project 2025 an ‘Economic Disaster,’ Prays That Trump Will Throw It Away
President Joe Biden reflected on his economic achievements during an address at the Brookings Institution, reminding attendees about the strong economy he’s leaving for his successor.Inc. - Dec. 10 -
Storm Darragh showed me how unprepared my family – and Britain – are for disaster | Gaby Hinsliff
After just 12 hours without power, we were cold, isolated and facing the fact that everyday life is far more precarious than it seems. It was the cold that woke me up. Some time in the early hours ...The Guardian - Dec. 10 -
How does Phillies bullpen look after reportedly adding Jordan Romano? Relief corps builds on high upside
Romano has agreed to a one-year deal worth $8.5 millionCBS Sports - Dec. 9 -
Arthur J. Gallagher to Acquire AssuredPartners for $13.45 Billion
Arthur J. Gallagher said that buying the insurance broker would expand its retail middle-market property and casualty focus across the U.S.The Wall Street Journal - Dec. 9 -
Returns are an $890 billion problem for retailers
Holiday shopping is expected to reach record levels this year.NBC News - Dec. 8 -
If DOGE Treats Government Like a Business, It Could Be a Disaster
A lot of what the government does is hard to quantify and involves complicated tasks that inevitably require bureaucratic coordination and, yes, inefficiency.The New York Times - Dec. 7 -
Retail returns: An $890 billion problem
As shopping reaches a peak in the weeks ahead, retailers expect their return rate for the holidays to be 17% higher, on average, than the annual rate.CNBC - Dec. 7 -
Architects design community solutions for combatting climate disaster
Better social infrastructure can foster resilience in densely-populated urban environmentsFinancial Times - Dec. 6 -
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What is the real toll of natural and climate disasters? Science has staggering new answers | Devi Sridhar
New research challenges us to look beyond the event to the devastating long-term impacts. Governments must take note. The devastation of hurricanes, earthquakes, tsunamis or tornadoes is often ...The Guardian - Dec. 6 -
The A’s Near Agreement for $1.75 Billion Las Vegas Stadium
A groundbreaking on the new A’s stadium is likely by the 2028 season.Inc. - Dec. 6 -
Pep: Sigh of relief to break City's losing 'routine'
Pep Guardiola celebrated the end of Manchester City's seven-game winless run with a much needed 3-0 victory over Nottingham Forest.ESPN - Dec. 5 -
House Freedom Caucus comes out against ‘unpaid’ disaster aid
The hardline conservative House Freedom Caucus came out against “unpaid” disaster aid legislation in an official statement on Wednesday, urging “not one more cent to the Biden administration.” In ...The Hill - Dec. 5 -
General Motors Takes $5 Billion Hit From Ailing China Business
The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric vehicles from homegrown brands.The Wall Street Journal - Dec. 4 -
3 credit card debt relief strategies to consider for 2025
If you want to break the credit card debt cycle in the new year, these strategies could come in handy.CBS News - Dec. 4 -
G.M.’s Ailing China Business Will Deal It a $5 Billion Blow
General Motors and other foreign automakers are selling fewer cars and losing lots of money in China, where domestic electric and hybrid cars have taken off.The New York Times - Dec. 4 -
GM expects more than $5 billion impact from China restructuring
General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 billion.NBC News - 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 -
If Trump’s tariffs start a trade war, it would be an economic disaster | Mark Weisbrot
The president-elect’s two main arguments for his tariff threat – to reduce migration and to combat drugs – are not credible. “To me, the most beautiful word in the dictionary is tariff, and it’s my ...The Guardian - Dec. 4 -
Billion-dollar future: Dodgers deferred pay at $1B
New contracts for Blake Snell and Tommy Edman increased the Dodgers' obligations for deferred payments to more than $1 billion owed to seven players from 2028-46.ESPN - Dec. 3 -
Hospital group launches ad campaign for disaster relief tax credits
A major hospital trade group launched a six-figure ad campaign this week calling on Congress to extend disaster relief tax credits that the group says will help facilities recover from hurricanes ...The Hill - Dec. 3 -
What credit card debt relief options work best with bad credit?
A damaged credit score can complicate the debt relief process, but you still have plenty of options to consider.CBS News - Dec. 3 -
AT&T plans to plow $20 billion into buybacks in signal of business turnaround
AT&T’s stock is rising as the company will bring back share repurchases alongside an expected $20 billion-plus in continued dividend commitments over the next three years.MarketWatch - Dec. 3 -
SpaceX’s $350 billion private valuation signals an IPO is off the table for now
Elon Musk’s space business is part of a trend of companies staying private, as its private-market valuation jumps by more than $100 billion with a proposed sale of shares.MarketWatch - Dec. 3 -
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Death sentence upheld for tycoon — unless she pays $9 billion
Truong My Lan was convicted of swindling money from Saigon Commercial Bank (SCB) and sentenced to death for fraud totaling $27 billion.CBS News - 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 -
ServiceTitan’s planned IPO could come with a more than $5 billion valuation
The Glendale, Calif.-based company could raise up to $500 million in its initial public offering.MarketWatch - Dec. 3 -
Microsoft Faces $1.3 Billion Antitrust Lawsuit Over Cloud Services in U.K.
Microsoft faces a dispute in the U.K. over how it charges customers who buy cloud software services that rival its own Azure, the latest antitrust challenge to the U.S. tech giant’s approach to ...The Wall Street Journal - Dec. 3 -
Real estate tycoon must pay $9 billion to avoid execution in Vietnam
A court in Vietnam upheld a death sentence for real estate tycoon Truong My Lan, rejecting her appeal in a $12 billion embezzlement and bribery case.NBC News - Dec. 3 -
Vietnamese tycoon faces scramble to raise billions to avoid death sentence
Truong My Lan must repay three-quarters of $12bn she embezzled from bank in a case that shocked the country. The Vietnamese property tycoon Truong My Lan has lost her appeal against the death ...The Guardian - 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 -
Americans expected to spend $13 billion total on Cyber Monday deals
Consumers are focusing on finding deals on Cyber Monday and American spending is expected to rise compared to 2023. CBS MoneyWatch correspondent Kelly O'Grady breaks down the spending trends for 2024.CBS News - Dec. 2 -
56 people killed in Guinea soccer stadium disaster following controversial referee decision
Monday's events are the latest in a long line of soccer stadium disasters over the last three decadesCBS Sports - Dec. 2
