Articles by April Fowell
EU Plans to Tighten Scrutiny of Banks' Loan Provisioning Standards

EU Plans to Tighten Scrutiny of Banks' Loan Provisioning Standards

The EU's banking watchdog warned on Friday that banks would face challenges from regulators for their improper use of an accounting regulation.

Nov 17, 2023 10:30 AM EST


Burberry's Luxury Charm Wanes as Shares Sink 9% Reflecting Spending Slowdown

Burberry's Luxury Charm Wanes as Shares Sink 9% Reflecting Spending Slowdown

As a result of the British luxury apparel retailer Burberry's warning that full-year operating profit will come in at the low end of estimates due to a global slowdown in luxury spending, the company's shares fell 9% on Thursday.

Nov 17, 2023 09:50 AM EST


Biden Signs Stopgap Funding Bill, Buying Time for Long-Term Spending Agreement

Biden Signs Stopgap Funding Bill, Buying Time for Long-Term Spending Agreement

President Biden has signed the bipartisan short-term funding package, which will keep the government running and functioning until early 2024.

Nov 17, 2023 09:27 AM EST


GM and UAW Reach Tentative Agreement, Averting Strike and Ensuring Labor Peace

GM and UAW Reach Tentative Agreement, Averting Strike and Ensuring Labor Peace

Members of the United Auto Workers union have voted in favor of a new contract that might put an end to a protracted labor battle and a string of severe strikes.

Nov 17, 2023 06:07 AM EST


Jobless Claims Jump to Highest Level in Three Months, Signaling Cooling Labor Market

Jobless Claims Jump to Highest Level in Three Months, Signaling Cooling Labor Market

The number of Americans filing new jobless claims reached a three-month high last week.

Nov 16, 2023 11:00 PM EST


Inflation Eases as Supply Chains Smooth, Workforce Expands and Housing Market Cools

Inflation Eases as Supply Chains Smooth, Workforce Expands and Housing Market Cools

Inflation in the United States may be slowly returning to pre-pandemic levels.

Nov 15, 2023 08:50 PM EST


Inflation Cools, Stocks Surge: Dow Rebounds with 489-Point Jump

Inflation Cools, Stocks Surge: Dow Rebounds with 489-Point Jump

Tuesday saw a sharp increase in US stock prices as investors cheered the release of the October Consumer Price Index, which shocked them with lower-than-expected inflation statistics.

Nov 15, 2023 09:38 AM EST


Terrapay-Maya Partnership: Filipinos Gain Easier Access to Global Money Transfers

Terrapay-Maya Partnership: Filipinos Gain Easier Access to Global Money Transfers

TerraPay and Maya announce a groundbreaking international alliance during the Singapore Fintech Festival, improving accessibility, convenience, and security of international remittances for Filipinos everywhere.

Nov 15, 2023 08:10 AM EST


Truth Social On the Brink of Collapse as Losses Mount

Truth Social On the Brink of Collapse as Losses Mount

The statement also included a warning that Trump Media's own management is concerned about the firm's capacity to pay for its liabilities and to satisfy its responsibilities to lenders.

Nov 15, 2023 07:29 AM EST


Japan's Economy Shrinks as Exports Plummet

Japan's Economy Shrinks for the 3rd Quarter This Year as Exports Plummet

Japan's economy shrank from July to September, ending two-quarters of growth fueled by exports and tepid consumption.

Nov 15, 2023 06:34 AM EST


Disney's $40 Billion Impact in Florida Faces Uncertainty Amidst Legal Battle

Disney's $40 Billion Impact in Florida Faces Uncertainty Amidst Legal Battle

Disney issued a report on Tuesday that estimated its economic effect in Florida at $40.3 billion, as the business battles Florida Gov. Ron DeSantis and his appointees

Nov 14, 2023 09:25 PM EST


New Report Finds China's Development Banks Are Lagging Behind on Green Energy Finance

New Report Finds China's Development Banks Are Lagging Behind on Green Energy Finance

China's promise to stop financing coal from abroad has not yet resulted in more money going into renewable projects.

Nov 14, 2023 06:16 PM EST


Students' Political Travel Dreams Shattered as Politrip Goes Bankrupt

Students' Political Travel Dreams Shattered as Politrip Goes Bankrupt

According to insolvency filings, the company had £2,000 in bank accounts, but it owed HM Revenue and Customs £8,000 and individual clients about £60,000.

Nov 14, 2023 09:51 AM EST


APEC Economic Leaders Hold Meetings In San Francisco

US Treasure Secretary Yellen Urges APEC Finance Ministers to Embrace Sustainable Growth Strategies

U.S. Treasury Secretary Janet Yellen urged the finance ministers of the Pacific Rim to increase their economies' potential for productivity.

Nov 14, 2023 06:40 AM EST


Suella Braverman Sacked Triggering Cabinet Re-shuffle

David Cameron's Return Stirs up Memories of Greensill Financial Controversy

Dive into the Greensill financial scandal, encompassing David Cameron's involvement, the collapse of Greensill Capital, Credit Suisse's losses, GFG Alliance's loan, and ongoing investigations, revealing the intricate fallout and controversies.

Nov 14, 2023 05:45 AM EST


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