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Economy

City traders have rate-rigging convictions quashed

Economy

City traders’ convictions for rate-rigging overturned

Karem Wintourd Penn

Several former financial traders who were previously convicted in connection with manipulating benchmark interest rates have had their convictions overturned, marking a significant legal development in one of the most…

Higher UK borrowing adds to pressure on Reeves

Economy

UK borrowing surge puts added pressure on Reeves

Karem Wintourd Penn

Public borrowing in the United Kingdom has increased beyond anticipated levels, adding extra fiscal stress on Chancellor Rachel Reeves as she attempts to steer through a complex economic environment. With…

Irish government reveals how Apple tax windfall will be spent

Economy

Irish government announces strategy for Apple tax windfall usage

Karem Wintourd Penn

The Irish administration has revealed its plans for distributing the multi-billion-euro tax windfall obtained from Apple, an outcome of significant controversy that has attracted worldwide attention. The money, originating from…

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Economy

Ryanair could boost bonus for finding oversized bags

Karem Wintourd Penn

Ryanair, the largest low-cost airline in Europe, is said to be considering modifications to its internal incentive program that may result in ground personnel earning larger bonuses for spotting passengers…

Car maker Stellantis says US tariffs have cost it €300m

Economy

Stellantis reveals €300m impact from US tariffs

Karem Wintourd Penn

Automotive giant Stellantis has announced that it is facing an extra €300 million in expenses because of tariffs enforced by the United States, providing a clear example of how current…

Chevron’s megadeal for Hess gets approval after winning legal battle with Exxon

Economy

Chevron’s Hess megadeal advances after triumph over Exxon in court

Karem Wintourd Penn

Chevron's bold purchase of Hess Corporation has been formally approved, signifying a significant merger in the energy industry after surmounting a legal barrier posed by ExxonMobil. The outcome of this…

Powell defends .5 billion Fed renovation in a point-by-point response to the Trump administration

Economy

Powell rebuts Trump administration over $2.5 billion Fed renovation controversy

Karem Wintourd Penn

Federal Reserve Chair Jerome Powell has openly justified the organization's choice to proceed with a $2.5 billion refurbishment of its headquarters in Washington, D.C., providing an in-depth response to objections…

US passes first major national crypto legislation

Economy

First nationwide crypto law passed by US lawmakers

Karem Wintourd Penn

En un movimiento crucial que señala un cambio de rumbo para los activos digitales, Estados Unidos ha aprobado su primera ley federal integral que regula las criptomonedas. La legislación, que…

Economy

How Trump may have impacted Wall Street

Karem Wintourd Penn

The intersection between politics and financial markets has always been complex, but former President Donald Trump’s return to the political spotlight is creating fresh waves across Wall Street. With his…

US wholesale inflation was unchanged last month despite tariff rollout

Economy

US wholesale inflation stable amid recent tariff rollout

Karem Wintourd Penn

Wholesale prices in the United States held steady last month, showing no overall increase despite the implementation of a new round of tariffs. This development suggests that inflationary pressure at…