Volkswagen, Renault shares hit by rare 'sell' rating as Chinese competition grows
Shares in Europe's largest carmaker Volkswagen and its French rival Renault dropped sharply Friday after UBS analysts recommended investors dump the stocks, citing the growing threat to their business from Chinese competitors.
2023-09-02 00:55
Federal judge blocks Arkansas social media age verification law to have gone into effect Friday
A US District Judge has blocked an Arkansas social media age verification law that was set to go in effect Friday, according to a Thursday court filing.
2023-09-01 19:52
Analysis-Canadian banks' see dip in 30 year-plus mortgages, but risks remain
By Nivedita Balu TORONTO After a sharp rise in mortgage repayment terms over the past few quarters, Canadian
2023-09-01 18:28
Exclusive-China to take more action to revive property sector -sources
By Julie Zhu and Jane Xu HONG KONG China is set to take further action including relaxing home-purchase
2023-09-01 14:19
China relaxes mortgage rules to help homebuyers in latest stimulus push
China just made it easier for people to buy homes, in a move that could affect $3.5 trillion in mortgage loans as Beijing seeks to bail out a property market mired in a record slump and worsening cash crunch.
2023-09-01 12:58
What a doctor's death in a lift tells us about Africa's debt crisis
Nigeria spends twice as much on debt repayments than on health and education combined, a report says.
2023-09-01 09:29
Covid fraudster used pandemic rescue funds to buy alpaca farm
The pizzeria owner used a $660,000 Covid-era loan to buy a farm, cars, and radio airtime.
2023-09-01 05:27
Hurricane Idalia's price tag could reach $20 billion, according to Moody's Analytics
Hurricane Idalia caused billions of dollars in damage, but the price tag won't be nearly as high as other major hurricanes, Moody's Analytics said Thursday.
2023-09-01 02:28
Sage Therapeutics to cut 40% of jobs after depression drug setback
Sage Therapeutics said on Thursday it would cut its workforce by about 40%, weeks after the U.S. health
2023-08-31 18:58
India's Adani Group stung by fresh controversy
A new report has alleged that the conglomerate used "opaque" funds in Mauritius to manipulate stock prices.
2023-08-31 18:29
UBS to cut 3,000 jobs after Credit Suisse takeover
The Swiss bank reports bumper profits following the rescue of its rival but staff face redundancies.
2023-08-31 17:15
Irish fuel duty and hospitality taxes to increase
The increases, which come into effect from midnight, follow a number of temporary reductions.
2023-08-31 16:46