Former Goldman Sachs Group Inc banker Roger Ng, the only employee of the bank to be tried and convicted over the global 1MDB scandal, asked a US judge not to send him to prison for his role in the epic looting of the Malaysian fund.
Shallow waters on the Rhine are disrupting barge traffic, an early indicator the continent may need to brace for a redux of the economic shock caused by last year’s drought.
Disagreements hobbled prospects for progress on crucial debt restructuring talks held on the sidelines of the G-20 finance chiefs meeting, highlighting the risks to poorer nations that are under severe financial stress.
Australian Treasurer Jim Chalmers promised the government would deliver a “responsible” budget to avoid stoking further inflationary pressures in the economy.
Rona Pineda owns a thriving restaurant just off the harbor in Palma de Mallorca where she cooks up paella and Asian dishes for tourists streaming to the Mediterranean island. But it’s still not enough to comfortably afford to live there.
Chinese regulators are creating a new insurer to take over the operations of Huaxia Life Insurance Co. after more than two years of state custody, the latest step to rein in financial risks.
Germany has set aside more than €260 billion ($275 billion) to deal with the immediate risks of an energy crisis triggered by Russia’s war in Ukraine, but the ultimate fix will be much costlier — if the country can pull it off at all.
While world events may seem a little dark and fearful, this weekend we’ll try to dilute the gloom by looking at some of the other aspects of life, such as getting rich, searching for peace and living forever.
Ukrainian President Volodymyr Zelenskiy said on the one-year mark of the Russian invasion that his country will secure victory if allies maintain their support, possibly this year.
Peru escalated tensions with Mexico on Friday evening by announcing it was permanently withdrawing its ambassador to the North American nation over its support for ousted former president Pedro Castillo.
