ADVERTISEMENT
Although Canada faces a major trade war with the US as soon as President-elect Donald Trump enters office in less than a month, Justin Trudeau has been distracted by a leadership crisis that could topple him as prime minister.
Moore Capital founder Louis Bacon and PJT Partners reached a settlement in a lawsuit over an alleged $25 million theft by Andrew Caspersen, a former managing director at PJT’s Park Hill Group.
Foreign investments in Israel picked up in the first half of 2024, even as the country was engulfed in a multifront war in Gaza and Lebanon and traded direct fire with Iran.
Lyft Inc. accused the city of San Francisco in a lawsuit of overcharging it $100 million for taxes over five years by unfairly characterizing the compensation earned by drivers who use its app as company revenue.
Turkey raised the monthly minimum wage by 30%, a relief for investors looking for concrete steps to dial back populist policies and commit to curbing one of the world’s highest inflation rates.
Bill Clinton was discharged from a Washington hospital on Tuesday after being treated for the flu, according to an aide for the former president.
President Daniel Noboa wants to avoid relinquishing power to his estranged deputy ahead of Ecuador’s election campaign in the new year.
Iran said it will start easing some of the world’s tightest internet restrictions by lifting its ban on WhatsApp and Google Play — a sign that authorities want to placate domestic opponents as the Islamic Republic faces major economic and foreign-policy challenges.
Iran dismissed as “preposterous and ridiculous” claims by investigators in Sweden and Belgium that the Islamic Republic has recruited children to attack Israeli targets in their countries.
Banking and business groups sued the Federal Reserve over the central bank’s annual stress tests, saying they’re seeking more transparency in how the rules are adopted.
Treasuries were under pressure in a holiday-shortened session as investors remain wary to park cash in US government debt that matures in a decade or more.
The Federal Reserve doesn’t allow for appropriate public input when designing bank stress tests, bank trade groups said in a lawsuit seeking to force the central bank to open the design of the tests to public comment.
France’s lower house of parliament toppled the government for the first time in more than 60 years in early December, forcing President Emmanuel Macron to cast around for a prime minister who could navigate the country’s bitterly divided political landscape.
Equity markets in the UK and France edged higher in thin trading, while most major European benchmarks were closed for the Christmas holidays.
American Airlines Group Inc. said it’s experiencing technical issues affecting all of its flights, disrupting operations on one of the busiest travel days of the year.
Turkey is planning to start negotiations with Syria to delineate maritime boundaries in the Mediterranean Sea, Transportation and Infrastructure Minister Abdulkadir Uraloglu said.
