Month: August 2024

Stock futures rise marginally as traders await comments from Powell due later this week: Live updates
World

Stock futures rise marginally as traders await comments from Powell due later this week: Live updates

Deutsche Bank rises after announcing settlement for bulk of Postbank lawsuit claims U.S. shares of Deutsche Bank advanced more than 2% after announcing a settlement with many plaintiffs in a long-running case tied to its acquisition of Postbank. The German bank said it had come to agreements with more than 80 plaintiffs, which equates to […]

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European markets move higher as Fed minutes point to September cut
World

European markets move higher as Fed minutes point to September cut

City of London skyline on 10th June 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London.  Mike Kemp | In Pictures | Getty Images LONDON — European stocks moved higher on Thursday as investors digested the […]

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What a Harris election victory could mean for Europe and the transatlantic relationship
Politics

What a Harris election victory could mean for Europe and the transatlantic relationship

European Commission President Ursula von der Leyen (L) and US Vice President Kamala Harris (R) line up for the family photo at the UK Artificial Intelligence (AI) Safety Summit at Bletchley Park, in central England, on November 2, 2023. Daniel Leal | Afp | Getty Images Vice President Kamala Harris is poised to take the […]

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Body of British tech entrepreneur Mike Lynch retrieved from Sicily yacht wreckage
World

Body of British tech entrepreneur Mike Lynch retrieved from Sicily yacht wreckage

Mike Lynch, former chief executive officer at Hewlett-Packard Co.’s Autonomy unit, speaking at a conference on Thursday, April 25, 2013.  Bloomberg | Bloomberg | Getty Images LONDON — The body of British technology entrepreneur Mike Lynch, 59, has been retrieved from the wreckage of a yacht that sank off the coast of Sicily, a source […]

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Bavarian Nordic shares pop over 12% on earnings beat, bumper mpox vaccine order
World

Bavarian Nordic shares pop over 12% on earnings beat, bumper mpox vaccine order

A photo shows the company’s logo on the headquarters of Danish biotechnology company Bavarian Nordic in Hellerup, north of Copenhagen. Liselotte Sabroe | Afp | Getty Images Shares of Danish biotech company Bavarian Nordic jumped more than 12% in early deals on Thursday after it reported stronger-than-expected earnings and announced a bumper vaccine order from […]

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PwC China faces six-month business ban, large fine over Evergrande audit, sources say
World

PwC China faces six-month business ban, large fine over Evergrande audit, sources say

pwc in Shanghai, China, Aug. 12, 2024.  Cfoto | Future Publishing | Getty Images Chinese regulators will likely order business suspension for a big part of PricewaterhouseCoopers’ auditing unit in mainland China for six months, as part of punishment for its work on troubled property developer Evergrande, five sources said. The business ban is expected […]

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Oil tanker left adrift and ablaze after Red Sea attack
World

Oil tanker left adrift and ablaze after Red Sea attack

Aerial view of a ship at sea. Suriyapong Thongsawang | Moment | Getty Images A Greek-flagged oil tanker was left adrift and ablaze in the Red Sea following strikes off the Yemeni coast, Greek and U.K. authorities have indicated. The U.K. Maritime Trade Operations agency on Wednesday reported that a fire had erupted aboard a […]

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Poet Amanda Gorman’s new poem celebrates democracy and unity
Politics

Poet Amanda Gorman’s new poem celebrates democracy and unity

“Divided we cannot endure, but united we can endeavor to humanize our democracy and endear democracy to humanity.” Gorman, 26, recited at the United Center arena in Chicago “It falls to us, to ensure that we do not fall. For a people that cannot stand together, cannot stand at all.” In 2021, the Harvard graduate […]

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New York drug dealer whose prison sentence Trump commuted arrested on assault charges
World

New York drug dealer whose prison sentence Trump commuted arrested on assault charges

Republican presidential nominee and former U.S. President Donald Trump speaks from a bulletproof glass housing during a campaign rally, at the North Carolina Aviation Museum & Hall of Fame in Asheboro, North Carolina, U.S. August 21, 2024.  Jonathan Drake | Reuters A convicted New York drug dealer and predatory lender who walked free from a […]

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China’s state media slams U.S. over Biden nuclear strategy report
World

China’s state media slams U.S. over Biden nuclear strategy report

Wong Yu Liang | Moment | Getty Images China’s state media and foreign ministry quickly moved to criticize Washington, after the New York Times reported that U.S. President Joe Biden reoriented the U.S.’ nuclear strategic plan in March to focus on Beijing’s rapid expansion of its nuclear arsenal. The outspoken editor of the Global Times, […]

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