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Author's articles
Strike worries overshadow Detroit Auto Show
This week's Detroit Auto Show is meant to showcase impressive new electric vehicles, but the fanfare looks destined to be upstaged by a brewing labor dispute and the increasing likelihood of a strike.
US judge says 2008 bank fraudsters got off easy
US officials took a victory lap last month to commemorate their response to the 2008 financial crisis, pointing to $36 billion in fines as proof that banks have been held accountable. The DoJ cited $36 billion in civil penalties as bringing accountability to "those who break the law and undermine the well-being of American families," said an agency press release.
Arm's listing on NY exchange is a big wager in an uncertain market
Shares in the British chip designer Arm will be listed Thursday on New York's Nasdaq exchange in the biggest such offering in two years, a $50 billion wager by principal shareholder SoftBank Group amid a still uncertain market.
How it went down: Three accounts of the Lehman bankruptcy
A key catalyst for the 2008 global financial crisis, the bankruptcy of Lehman Brothers still reverberates for those who lived through it. "I was quite concerned that (Fuld) was in denial about the risks that the economy was facing, the financial system in general and Lehman Brothers in particular."
G20 summit ends with India, Brazil and Russia boasting success
Indian Prime Minister Narendra Modi wrapped up Sunday a G20 summit that played down deep divisions over the war in Ukraine and climate change, but gave him a moment in the diplomatic spotlight. Kyiv said the G20 had "nothing to be proud of" but Russian Foreign Minister Sergei Lavrov, who stood in for Putin at the meeting, on Sunday claimed a diplomatic win.
US and Vietnam set to expand ties as China worries grow
US President Joe Biden arrives in Vietnam on Sunday to deepen cooperation between the two nations, in the face of China's ambitions in the region. "With this visit of President Joe Biden, I think he will bring more business contracts and jobs to Vietnamese people."
German circus replaces live animals with holograms
The smell of sawdust and popcorn fills the air.
Oil permits and wind crisis threaten UK net zero pledge
With the provision of a swathe of new oil and gas exploration licences and a crisis in offshore wind energy, clouds are gathering over the UK's net zero promises. The Conservative government of Rishi Sunak in July promised "hundreds" of new licences for oil and gas exploration and production in the North Sea, arousing the anger of environmentalists.
Italian PM Meloni targets tight 2024 budget
Italian Prime Minister Giorgia Meloni is tightening the budgetary screws to show that Rome can balance its books, even if it means delaying electoral promises. Rome had been hoping that a suspension of EU budget rules after the pandemic would be extended into next year, but Economy Commissioner Paolo Gentiloni has ruled this out.
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