Safran SA Chief Executive Officer Olivier Andries demanded regulators in Europe and the US crack down harder on rogue aircraft parts dealers, as he reacted to the scandal of falsified component records that have led to fake parts ending up on Safran-built engines.
A forensic accountant at the trial of Sam Bankman-Fried tried to explain what happened to $9 billion in FTX customer funds that were missing in June 2022, five months before the company filed for bankruptcy.
Federal Reserve Bank of New York President John Williams said interest rates will have to stay at restrictive levels “for some time” to bring inflation back down to the US central bank’s 2% target.
Restrictions imposed by Argentina’s government last week left as much as $500 million in US cash stranded at the country’s main airport for three days, unnerving local bank executives amid a surge in withdrawals.
Johnson & Johnson said it is weighing a third attempt to use bankruptcy for an $8.9 billion settlement of tens of thousands of lawsuits that allege tainted talc in the company’s baby powder caused cancer.
The French government opted not to extend a windfall tax on the profits of oil refiners into next year, a Finance Ministry official said.
Donald Trump lost an effort to delay a civil lawsuit seeking to hold him liable for the violence at the US Capitol on Jan. 6, 2021 — including the death of a police officer — while he’s facing criminal charges related to the attack.
The stock-market’s frenzy around obesity drugs is creating a bubble, according to an analyst at Kepler Cheuvreux.
Germany plans to fast-track the development of its hydrogen infrastructure as the country strives to pivot to cleaner energy.
Wall Street’s biggest banks have spent months trying to forecast when a dealmaking comeback will arrive. As the slump threatens to enter a third year, it can’t come soon enough.
