Payments company Wirecard collapsed in 2020 in Germany's biggest post-war fraud scandal. A trial will start in Munich on Thursday, with former Chief Executive Markus Braun facing charges. Braun denies…
Category: Business
Australia sues AmEx on alleged breach of credit card distribution laws
The Australian securities regulator on Tuesday took the local unit of American Express Co (AmEx) (AXP.N) to court alleging two of its credit cards co-branded with retailer David Jones were…
Philippines inflation at 14-year high, backs case for 50 bps rate hike
Philippine annual inflation surged to a 14-year high in November driven mainly by higher food prices, the statistics agency said on Tuesday, with the pickup in prices seen supporting the…
Union says Microsoft will recognize unit of videogame testers
Microsoft Corp (MSFT.O) will voluntarily recognize a union of about 300 videogame testers at subsidiary ZeniMax Studios if they vote to unionize, a first for the company in the United…
Australia records first current account deficit in three years
Australia's current account fell into deficit for the first time in three years last quarter as robust domestic demand sucked in imports and miners paid more dividends abroad, though the…
U.S. Army awards Black Hawk replacement contract to Textron’s Bell
The U.S. Army on Monday awarded the contract for its next-generation helicopter to Textron Inc's (TXT.N) Bell unit, ending a years-long competition for the technology that will replace the Black…
Wall St slides as services data spooks investors about Fed rate hikes
U.S. markets ended Monday lower, as investors spooked by better-than-expected data from the services sector re-evaluated whether the Federal Reserve could hike interest rates for longer, while shares of Tesla…