business news
Gas giant Uniper submits bailout application to German government as Russia squeezes supplies
Uniper has been in talks with the German government about a possible bailout. Picture Alliance | Picture Alliance | Getty Images Embattled German gas giant Uniper on Friday submitted a bailout application for government support after running into extreme financial distress, Finnish majority owner Fortum said in a statement. Uniper was the first German energy […]
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UK Labour’s Starmer cleared of wrongdoing after lockdown investigation
Labour Party leader Keir Starmer. Hollie Adams | Getty Images News | Getty Images British opposition Labour leader Keir Starmer was cleared by police on Friday following an investigation into whether he had broken COVID-19 lockdown laws by pausing for a meal while working. Alleged breaches of coronavirus rules became a politically explosive issue following […]
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5 things to know before the stock market opens Friday
Traders on the floor of the NYSE, July 6, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Can stocks stay on a winning streak? The S&P 500 has posted gains for four straight trading days heading into Friday’s session, offering investors glimmers of hope […]
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Biden to sign executive order to help safeguard access to abortion, contraception
U.S. President Joe Biden delivers remarks after the the U.S. Supreme Court ruled in the Dobbs v Women’s Health Organization abortion case, overturning the landmark Roe v Wade abortion decision, at the White House in Washington, U.S., June 24, 2022. REUTERS/Elizabeth Frantz Elizabeth Frantz | Reuters U.S. President Joe Biden will sign an executive order […]
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Ukraine says retaking of Snake Island shows Kyiv ‘cannot be broken’; Russia hits out at West at G-20
Zelenskyy says retaking of Snake Island shows Ukraine ‘cannot be broken’ Moscow said Russian troops withdrew from Snake Island (pictured here in an image released by the military governor of Odesa) last week as a “goodwill gesture.” Ukraine, however, said Russian forces hastily evacuated after successful military action. Odessa Military Governor | Anadolu Agency | […]
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Sepp Blatter and Michel Platini: Former heads of FIFA and UEFA cleared of corruption charges by Swiss court
Sepp Blatter and Michel Platini photographed on May 29, 2015. The two were once among the most powerful figures in world football. Michael Buholzer | AFP | Getty Images Former FIFA president Sepp Blatter and former UEFA president Michel Platini were both cleared of corruption charges by a Swiss court on Friday. Blatter, who led […]
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Japan’s former PM Shinzo Abe dies from injuries after being shot
This 2016 photo shows then-Japanese Prime Minister Shinzo Abe at Joint Base Pearl Harbor Hickam’s Kilo Pier in Honolulu, Hawaii. Kent Nishimura | Getty Images Shinzo Abe, the former prime minister of Japan, has died after being shot while delivering a speech Friday. The Nara Medical University Hospital, where Abe was taken for medical treatment […]
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Embattled crypto lender Celsius is a ‘fraud’ and ‘Ponzi scheme,’ lawsuit alleges
Celsius on Thursday was sued by former investment manager Jason Stone, as pressure continues to mount on the firm amid a crash in cryptocurrency prices. Stone has alleged, among other things, that Celsius CEO Alex Mashinsky (above) was “able to enrich himself considerably.” Piaras Ó Mídheach | Sportsfile for Web Summit | Getty Images Crypto […]
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Boris Johnson faces growing pressure to go now — as the race to replace him gets underway
British Prime Minister Boris Johnson leaves after making a statement at Downing Street in London, Britain, July 7, 2022. Peter Nicholls | Reuters LONDON — The race to replace outgoing U.K. Prime Minister Boris Johnson is wide open. Johnson resigned as Conservative Party leader on Thursday, finally bowing to immense political pressure after an unprecedented […]
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ECB stress test shows most banks don’t include climate risk in their credit models
Environmental protesters take to the streets during a demonstration by Fridays for Future in the financial district of Frankfurt, Germany, in August last year. Bloomberg | Bloomberg | Getty Images The results of the European Central Bank’s first climate risk stress test show that most banks do not sufficiently incorporate climate risk into their stress-testing […]
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