Europe sees fastest pace of rate hikes since euro launched
FRANKFURT, Germany (AP) — The European Central Bank piled on another outsized interest rate hike aimed at squelching out-of-control inflation,…
AP
Credit Suisse unveils ‘radical’ strategy as 3Q loss hits $4B
GENEVA (AP) — Swiss bank Credit Suisse unveiled Thursday a “radical strategy” aimed to overcome a string of recent troubles…
Samsung officially names third-generation heir Lee chairman
SEOUL, South Korea (AP) — Samsung Electronics has officially appointed third-generation heir Lee Jae-yong as executive chairman, two months after…
EXPLAINER: What’s up with the Bank of Japan’s unique track?
TOKYO (AP) — Even as the Federal Reserve and the world’s other central banks raise interest rates to try to…
Meta fined $24.7M for campaign finance disclosure violations
SEATTLE (AP) — A Washington state judge on Wednesday fined Facebook parent company Meta nearly $25 million for repeatedly and…
French leader vows to raise retirement age to 65, up from 62
PARIS (AP) — French President Emmanuel Macron vowed Wednesday to implement a pension reform that would eventually push up the…
Ford disbands Argo AI autonomous vehicle unit, posts loss
DETROIT (AP) — Ford said Wednesday that it is disbanding Argo AI, an autonomous vehicle company that it co-owns with…
Facebook parent Meta’s revenue, profit decline amid ad slump
Facebook parent Meta on Wednesday reported that its revenue declined for a second consecutive quarter, hurt by falling advertising sales…
Second railroad union rejects deal, adding to strike worries
OMAHA, Neb. (AP) — A second railroad union rejected its deal with the major U.S. freight railroads on Wednesday, reflecting…
Executives could forfeit some compensation under new rule
Securities regulators wants to make sure publicly traded companies recover any executive compensation that’s awarded based on financial statements that…