The US Justice Department announced that a subsidiary of Dutch medical device maker Philips has agreed to pay more than $24 million to settle allegations of false claims regarding respiratory-related medical equipment. According to the Justice Department, the subsidiary, Philips… Read More ›
Elon Musk sent out a supplemental letter of deal termination to Twitter Inc, citing a recent whistleblower complaint from the social media firm’s former security chief as yet another reason to cancel the $44 billion deal. Last week, Peiter Zatko,… Read More ›
German inflation rose to its highest level in nearly 50 years in August, surpassing a three-month high, according to data, bolstering the case for the European Central Bank to hike interest rates by another basis point next month. Consumer prices… Read More ›
According to a report by Reuters quoting three sources familiar with the matter said that US regulators have chosen e-commerce giant Alibaba Group Holding Ltd and other US-listed Chinese companies for audit inspections beginning next month. The move follows Friday’s landmark… Read More ›
The British government’s options for assisting people facing skyrocketing energy bills include lending to energy suppliers, which could reduce bills by up to 500 pounds ($587) per year, according to the Daily Telegraph newspaper on Saturday. Britain’s energy regulator said… Read More ›
If governments do nothing to bring down the price of natural gas, EU countries will face five to ten harsh winters, warned Belgium’s energy minister. Gas price caps and decoupling from electricity prices are being advocated for across the EU…. Read More ›
According to new data, the number of chain stores closing in the United Kingdom has decreased significantly. Closures fell by one-third in the first half of 2022 compared to the same period last year, according to accounting firm PwC. Shop… Read More ›
Nato is assessing the impact of a data breach involving classified military documents that was sold online by a hacker group. The information includes blueprints for weapons used by Nato allies in the Ukraine conflict. After stealing data linked to… Read More ›
The Saudi Arabian signals that OPEC might reduce output helped oil prices end the day higher on Friday, but trading was choppy as investors processed and ultimately discounted the head of the U.S. Federal Reserve’s warnings about impending economic hardship…. Read More ›
In the week leading up to August 24, global equity funds saw the largest weekly capital outflow in five weeks due to worries that rate hikes would trigger a recession. Ahead of the annual Jackson Hole symposium of the Federal… Read More ›
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