The boss of an allegedly fake City of London foreign-exchange investment firm defrauded investors of £50 million ($61.7 million) after deceiving them with authentic-looking luxury offices and elite sponsorship deals at Chelsea Football Club, a court was told.
Sri Lanka’s economic meltdown was one for the history books. At its cataclysmic height last summer, protesters stormed the presidential palace in Colombo, jumping in the pool, taking selfies in the kitchen and refusing to leave until top officials resigned.
UBS Group AG is bringing back Sergio Ermotti as chief executive officer to oversee the historic acquisition of Credit Suisse Group AG, tapping a Swiss insider with extensive restructuring experience to replace Ralph Hamers after just over two years.
Struggling to figure out what all the financial stress means to markets? So are professional forecasters.
Turkey will hike its minimum wage in July, President Recep Tayyip Erdogan said, in his latest financial appeal to voters ahead of elections.
Micron Technology Inc., the largest US maker of memory chips, gained after issuing a better-than-expected outlook for the quarter, sparking hope that the worst of a brutal industry slump may be over.
The US and Israel clashed after President Joe Biden rebuked Prime Minister Benjamin Netanyahu’s administration for its efforts to weaken the judiciary — a policy that’s ignited waves of protests and labor strikes.
Adidas AG will drop its opposition to Black Lives Matter Global Network Foundation Inc.’s trademark application for a logo with three yellow stripes, a reversal that comes about two days after first filing the legal objection.
Company’s new transparency center launches amid increasing pressure from regulators over advertising
The German government plans to increase its financial support for Kyiv by as much as €12 billion ($13 billion) to help arm Ukraine in its fight against Russia, people familiar with the matter said.
