The British bank Santander got into the Holiday spirit this year by paying out £130 million ($175 million) in error to customers on December 25. Santander stated in a statement released Thursday that the total amount was spread among 75,000 transactions… Read More ›
In a significant development a U.S. appeals court has revived a litigation wherein large banks had been accused of conspiring to rig the Libor interest rate benchmark, including during the 2008 financial crisis, to boost their profits at investors’ expense… Read More ›
According to public data, the iShares of ESG MSCI EM Leaders ETF saw heavy outflows this week, leading to a tenfold drop in the assets managed by the ETF focused on sustainable emerging-market companies. In September, Finland’s Ilmarinen Mutual Pension Insurance… Read More ›
Economists fear that the coronavirus pandemic has ushered in a new era of inflation disparity, with poor people bearing the brunt of growing prices. This is because a larger amount of their budget is allocated to cost-increasing areas. Food, for… Read More ›
Two of the world’s leading memory chip manufacturers, Samsung Electronics and Micron Technology, have cautioned that tight Covid-19 restrictions in the Chinese city of Xian may interrupt their chip production operations. The city’s closure adds to an already difficult year… Read More ›
A United Kingdom think tank has cautioned that millions of families in the country would face a “year of the squeeze” in 2022. Higher energy bills, stagnating earnings, and tax increases may cost homeowners £1,200 per year, according to the Resolution… Read More ›
According to John Bell, a regius professor of medicine at the University of Oxford and the life sciences advisor to the UK government, the terrible spectacles observed in prior Covid-19 waves are “now history.” On Tuesday, Bell spoke to BBC Radio… Read More ›
According to Fitch Ratings, as many as one-third of the 40 Chinese property developers that were assessed by the company might face a financial crunch if home sales revenue declines by 30 per cent next year. “The longer the stresses on… Read More ›
In the wake of ongoing Covid-19 worries, the number of consumers wanting to take advantage of post-Christmas deals on Monday plummeted by 32 per cent compared to 2019. Footfall estimates were better than Boxing Day, according to retail analyst Springboard. However, famous… Read More ›
China intends to stiffen rules for Chinese firms seeking to get publicly listed overseas, but it would not prohibit them from trading in other countries entirely. The Chinese securities regulator recommended that any company seeking to go public in a foreign country must first get registered with… Read More ›
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