Bloomberg Business

(Bloomberg) — Michael Novogratz, the founder of crypto financial services firm Galaxy Digital Holdings Ltd., said his company is moving more operations offshore in part due to the regulatory environment in the US. 

The European Central Bank has called out the finance industry’s failure to promote more women to its upper ranks, and pledged to “work relentlessly” to ensure banks set more credible and ambitious diversity targets.

Deutsche Bank AG Chief Executive Officer Christian Sewing said he’s optimistic that the bank will beat its own revenue targets over the next three years, while arguing that efforts to strengthen control procedures need to be intensified.

China and Canada have found themselves embroiled in a fast-escalating spat, following newspaper revelations that Beijing had targeted a Canadian lawmaker over his critical views about the country.

Prosus NV is exploring potential divestments from its emerging-markets financial technology company PayU, according to people familiar with the matter.

China has ordered a Canadian diplomat to leave the country, in a tit-for-tat move hours after Prime Minister Justin Trudeau’s government expelled a Chinese envoy from his nation.

Saudi Aramco already shells out a dividend that’s worth more than payouts from the next five largest global payers combined. That gap is now set to widen.

Novavax Inc. shares gained the most in two years after the Covid-19 vaccine maker announced a restructuring plan that includes cutting about 25% of its global workforce.