The Biden administration is refining rules aimed at keeping advanced chips and manufacturing gear out of China, seeking to close loopholes that might help its geopolitical rival gain cutting-edge technologies.
Most US male workers experience the bulk of wage growth by 35, while high earners continue to see pay increases after that, widening wage disparity with age, research by an economist at the Federal Reserve Bank of St. Louis showed.
UBS Group AG revamped the leadership of its Latin American wealth-management business outside of Brazil as the bank integrates its former rival Credit Suisse.
Israel’s defence minister told the US to brace for a “long war” against Hamas, as Secretary of State Antony Blinken returned to Israel for further talks amid a global push to prevent the conflict from spreading. President Joe Biden is also considering a visit.
Prime Minister Benjamin Netanyahu and Secretary of State Antony Blinken briefly took shelter in a bunker as sirens warned of a rocket attack in Tel Aviv, highlighting the dangers faced by the top US diplomat as he shuttles through the region in a bid to avert a wider Middle East conflict.
Germany has fired up a refurbished coal unit to help meet energy needs as the region’s first cold spell takes hold.
(Bloomberg) — The European Central Bank is watching the oil price for any inflationary impact from the Israel-Hamas conflict, President Christine Lagarde told euro-area finance ministers, according to people familiar with the matter.
The Bank of England is reviewing its rules that determine when international banks are required to set up a formal subsidiary after the collapse of Silicon Valley Bank showed it was easier to seize control of such operations in the event a bank fails.
Former Apollo Global Management Inc. senior partner Geoff Strong has formed a new firm to make bets in infrastructure and energy-transition ventures, according to people with knowledge of the matter.
After months of declining volatility, Bitcoin traders experienced some of the wildest price swings they’ve seen in a while when a false report circulated saying that the US had approved a long-awaited exchange-traded fund.
