The idea that banks are too big to fail needs to be reviewed in the wake of the recent turmoil that’s seen the collapse of four US lenders, including Silicon Valley Bank, according to Standard Chartered Plc Chief Executive Officer Bill Winters.
The European Union proposed prohibiting access to its ports for vessels that attempt to circumvent sanctions on Russian oil as it seeks to deter transport of its crude and products below the price caps set by the Group of Seven nations.
Chile’s annual inflation eased back to single digits for the first time since March 2022, offering some relief to policymakers as they hold the benchmark interest rate at the highest in over two decades.
More than 270 people are dead and at least 300 still missing after flooding in eastern Democratic Republic of Congo, according to the United Nations Office for the Coordination of Humanitarian Affairs.
South Africa’s inclusion on a global watchdog’s dirty-money watchlist is unlikely to have an immediate impact on its credit ratings, according to Fundi Tshazibana, a deputy central bank governor.
Kamala Harris began finding her footing last year with a rousing, impromptu eulogy for a Black matriarch that drew a mostly African-American audience to its feet — a task she must now replicate on a wide scale to secure President Joe Biden’s reelection.
Weight loss brand Jenny Craig has begun liquidating its operations in the US after efforts to ease a cash crunch fell short.
Redefine Properties Ltd., South Africa’s second-largest real estate investment trust, said an oversupply of offices has kept rents under pressure.
Dubai’s Atlantis is looking to build as many as four additional hotels across the world, hoping to cash in on a leisure travel boom that’s so far proved resistant to concerns over inflation and a darkening economic outlook.
Equinor ASA and its partners — Repsol Sinopec Brasil and Petrobras — are moving forward with plans to invest about $9 billion in oil and gas discoveries in Brazil’s Campos Basin.
