When US lawmakers appropriated billions of dollars for extra jobless benefits at the onset of the pandemic, they likely didn’t envisage that one of their own members — who even co-sponsored legislation to crack down on unemployment fraud — would end up being charged with scamming the program.
Russia’s Energy Ministry said that the nation’s oil-output cuts almost reached the targeted level in April, according to people familiar with the figures.
Silicon Valley Bank will lead a financing facility of more than $200 million for Pivot Energy’s multistate portfolio of solar projects, marking the lender’s first syndicated-loan closing since it was seized by regulators and sold to First Citizens BancShares Inc.
Key drivers of underlying US price pressures began receding in April, suggesting the final puzzle pieces for a return to more-normal inflation rates are falling into place.
Apple Inc.’s tap-to-pay technology faces a fresh round of European Union antitrust scrutiny, after the bloc’s competition investigators dispatched a series of questions to retailers as part of an ongoing probe into the iPhone maker’s closely guarded payments chip.
Uncertainty surrounding the Israeli government’s proposed judicial overhaul is a “notable downside risk to growth,” the International Monetary Fund said, with further unrest likely and business leaders threatening a withdrawal of capital.
The average base salaries for treasury and finance professionals climbed to a decade-high last year amid a tight labor market, according to a survey from the Association for Financial Professionals.
The $85 billion firm owned by Liechtenstein’s royal family is sending its cash well off the beaten path to Armenia, Georgia and Angola, where it sees local debt outperforming more popular emerging markets.
European Central Bank officials are starting to accept that interest-rate increases might need to continue in September to bring inflation fully under control, according to people familiar with the debate.
German lawmakers approved the purchase of 50 Puma infantry fighting vehicles at a cost of €1.5 billion ($1.7 billion) and Defense Minister Boris Pistorius raised the prospect of another order later this year.
