UBS Group AG is recommending investors to buy European credit over US debt amid signs of distress in the US loan markets, cracks emerging in private credit and a potentially severe downside risk in US high-yield debt.
President Joe Biden’s plan to subsidize clean energy is “dangerous” and risks pushing the world toward protectionism, UK Business Secretary Grant Shapps said, in Britain’s strongest criticism to date of the US Inflation Reduction Act.
Riccardo Barbieri is poised to become the chief official at Italy’s Treasury after being nominated for the role by Finance Minister Giancarlo Giorgetti before a cabinet meeting on Thursday.
An Iranian man has been sentenced to eight years and two months in prison for beheading his wife in a highly-publicized case that raised concerns about legal protections in Iran for women who are subject to so-called honor killings.
When Republican-led Georgia banned giving food and water to people waiting in line to vote in 2021, President Joe Biden called it “Jim Crow in the 21st century,” even though the law’s supporters noted that Democratic New York had long had the same ban on its books.
A marketing vice president at Starbucks Corp. is leaving the company, continuing an exodus of executives since Howard Schultz returned to the helm.
Senator Joe Manchin on Thursday called for bipartisan, bicameral commissions on federal spending and trust funds as part of a deal to avert a catastrophic default that would devastate markets worldwide.
(Bloomberg) — Discover Financial Services shares dropped the most in six months after the credit-card company warned investors that write-off rates may double this year.
Zoom Video Communications Inc. President Greg Tomb said the collaboration software business has held up in the face of widespread layoffs and competition.
French President Emmanuel Macron said the European Union should quickly deploy new tools to overcome a stand-off with the US over industrial subsidies, adding that the issuance of more joint debt is “not a taboo.”
