A banker-turned-sports marketing executive who admitted paying tens of millions of dollars in bribes to corrupt Latin American soccer officials was spared from prison after serving as the star witness at two FIFA corruption trials.
George Soros’s investment firm cut holdings in electric-vehicle makers, slashing a stake in Rivian Automotive Inc. after a 90% share decline and eliminating an investment in Tesla Inc.
South Africa and the US sought to make amends after the US ambassador was summoned in protest over his accusation that the country had provided weapons to Russia.
A once-faded Japanese honeymoon hot spot is getting a new lease on life thanks in part to Chinese investment, as industry insiders predict that more hot spring hotels will be the beneficiaries of an exodus of money from China.
US regulators are urging a recall of 67 million air bag inflators they say could explode in a crash, a major escalation of a safety issue that has plagued the auto industry for years.
Dan Snyder has agreed to sell the NFL’s Washington Commanders to a group led by Apollo Global Management Inc. co-founder Josh Harris.
Treasury Secretary Janet Yellen said that the federal government will have to renege on some payments if Congress doesn’t raise the debt limit, though no plan on how the department would proceed has yet been presented to President Joe Biden.
Italy retained a credit assessment two notches above junk from Fitch Ratings, a vote of confidence in the fiscal approach of Prime Minister Giorgia Meloni’s right-wing coalition.
Google’s co-founders are reaping the rewards of the artificial intelligence frenzy, adding more than $18 billion to their combined wealth as the company unveiled a revamped search engine.
Hedge funds looking to profit from dislocations in the US Treasury market appear to be playing with the very fire that burned them so spectacularly in the depths of the pandemic turmoil.
