President Joe Biden said he will ask Congress this week for “unprecedented support” for Israel as it prepares to crush Hamas, but also announced $100 million in US humanitarian aid for residents of Gaza and the West Bank.
Bank of Nova Scotia will dismiss 3% of its employees and take a writedown on its investment in a Chinese bank in a broad restructuring that underscores new Chief Executive Officer Scott Thomson’s focus on cutting costs. It could also be sign that job cuts are coming at other Canadian lenders.
Indian tech-services outsourcing firm Wipro Ltd. is planning to hire fewer engineering graduates this year, citing cautious clients that are cutting spending.
Indian tech-services outsourcing firm Wipro Ltd. is planning to hire fewer engineering graduates this year, citing cautious clients that are cutting spending.
The billionaire Batista brothers behind Brazilian beef giant JBS SA are preparing to invest more than $1 billion to expand production at mines they acquired last year from Vale SA.
Goldman Sachs Group Inc. and Bank of New York Mellon Corp. are selling a combined $6 billion of investment-grade bonds on Wednesday, joining other Wall Street stalwarts selling debt post-earnings even as borrowing costs rise.
Texas Attorney General Ken Paxton’s office said it’s reviewing whether 10 financial companies, including Bank of America Corp. and JPMorgan Chase & Co., violate a Republican-backed state law that punishes firms for restricting their work with the oil and gas industry because of climate change concerns.
Bank of America Corp. has words of comfort for investors in risky assets braving every bond-market blow: Things are slowly getting better.
The outlook for the US economy is stable or may show softer expansion, the Federal Reserve said in its Beige Book survey of regional business contacts.
Prime Minister Rishi Sunak is pushing for nations to label artificial intelligence as capable of “catastrophic harm” at the AI Safety Summit the UK is hosting next month as it seeks to forge a common international approach on the rapidly advancing technology.
