Ratings firms are on track to cut the most US corporate bonds to junk since the early part of the pandemic, further boosting funding costs for some companies just as economic growth is slowing.
Hungary’s capital Budapest adopted a “survival package” of cuts to avoid bankruptcy as the opposition-led city’s mayor blamed Prime Minister Viktor Orban’s government for squeezing revenue for political gain.
Signature Bank’s collapse in March was not caused by its crypto clients, but a run by a broad base of depositors across business sectors, according to New York state’s financial regulator.
A strike by Canadian federal civil servants is one of the largest in the country’s history, and it may last long enough to put a dent in economic growth for the second quarter.
Developing more sustainable aviation fuel is key to reducing the airline industry’s carbon footprint — but customers will end up footing the bill in airfare prices, according to Willie Walsh, director general of the International Air Transport Association.
South African President Cyril Ramaphosa’s approval rating plunged more than eight percentage points in the nine months through March amid the worst power cuts the country has seen, two Social Research Foundation polls show.
US tech companies are pushing to narrow the scope of legislation that could ban TikTok in the US, creating new obstacles as the Biden administration seeks to confront China’s influence.
House lawmakers are reviving their focus on stablecoins under new Republican leadership, but partisan fault lines are dimming the chances for any new law on the controversial cryptoassets.
Atlassian Corp. unveiled new artificial intelligence features for its workplace collaboration tools, making it the latest technology company to utilize OpenAI’s generative AI models.
Rents in London are rocketing at their fastest pace in more than a decade as private tenants fight over a dwindling supply of homes.
