2020 Financial News

Donald Trump to the White House could have significant implications for over 1,500 individuals charged with crimes related to the Jan. 6, 2021, Capitol riots. On the campaign trail, Trump frequently referred to those convicted as «political prisoners» and promised to pardon them if reelected. Now, with his victory, questions loom about whether these promises signal a shift in accountability for the events of that day.

Subscribe to enjoy similar stories. Intervening on behalf of like-minded developing countries (LMDCs), India said that developed countries need to commit to provide and mobilise at least $1.3 trillion every year in the New Collective Quantified Goal (NCQG) till 2030.

Business owners at the struggling corner where George Floyd was murdered by a Minneapolis police officer in 2020 are suing the city to demand it take over their properties and compensate them

Ford Motor Co. will pay a penalty of up to $165 million to the U.S. government for moving too slowly on a recall and failing to give accurate recall information

About 222,000 adult bed assistance rails are under recall due to entrapment and asphyxia hazards, following one death in a residential care facility

Since the Mideast wars began with Hamas’ initial Oct. 7, 2023, attack on Israel, many international airlines have halted, restarted and halted again their flights into Israel’s main gateway to the rest of the world

The Ford government has signed a deal worth roughly $100 million with Elon Musk’s Starlink company to provide high-speed internet to parts of northern and rural Ontario.

Steve Bannon, the prominent right-wing figure and former advisor to President Trump, faces a looming state fraud case that could have serious consequences. After his federal pardon, Bannon is now indicted in New York on state charges related to defrauding donors for a border wall project. Despite his past legal troubles, including time served in federal prison, Bannon's connection to Trump has raised questions about whether the former president could intervene. However, Trump's power is limited in state cases, leaving Bannon's future uncertain.

An insurance magnate who was once a big political donor in North Carolina has pleaded guilty related to what prosecutors call a $2 billion scheme to defraud insurance regulators, policyholders and others

Subscribe to enjoy similar stories. Foreign institutional investors (FIIs) have been on a selling spree when it comes to Indian stocks. According to NSDL data, FIIs sold Indian stocks worth more than ₹94,000 crore in October.

General Motors is recalling nearly 462,000 pickup trucks and SUVs with diesel engines because the rear wheels can lock up, increasing the risk of a crash

European food delivery giant Just Eat Takeaway

Donald Trump said on Tuesday he had picked John Ratcliffe, a close ally who was director of national intelligence at the end of his first term, to serve as director of the Central Intelligence Agency. Ratcliffe served as the nation's top spy from late May 2020 until Trump left office in January 2021. More recently, he was co-chair of the Center for American Security, a think tank advocating Trump positions, and advised the former Republican president on national security policy during his 2024 campaign. «I look forward to John being the first person ever to serve in both of our Nation's highest Intelligence positions. He will be a fearless fighter for the Constitutional Rights of all Americans, while ensuring the Highest Levels of National Security, and PEACE THROUGH STRENGTH,» Trump said in a statement announcing the nomination. Ratcliffe, a former member of the House of Representatives, promised at his confirmation hearing to be DNI in May 2020 that he would provide «objective and timely intelligence» in the position.

Subscribe to enjoy similar stories. In India’s vast corporate landscape, several business groups have made their mark, yet few stand as tall as the Tata Group. Known for its strong long-term performance and exceptional corporate governance, the Tatas enjoy a level of trust few others can claim.

Waymo on Tuesday opened its robotaxi service to anyone who wants a ride around Los Angeles, marking another milestone in the evolution of self-driving car technology since the company began as a secret project at Google 15 years ago

A “mortgage war” could be on the horizon as interest rates decline since more than half of all mortgages with Canadian banks are set to be renewed in the next two fiscal years, Royal Bank of Canada analysts say.

Ed Monk, associate director at Fidelity, noted that the shift away from Jupiter India «may reflect investor caution on growing concern that the market bull run may finally be coming to an end, as international enthusiasm for Indian assets has cooled». During October, India's main stock market indices, the BSE SENSEX and the NSE Nifty experienced their steepest monthly declines since March 2020, while the rupee edged close to a record low against the US dollar.  «Fidelity's personal investors seem to be reassessing their exposure amid a less favourable economic environment,» Monk added...

In a London Stock Exchange notice on Monday (11 November), the trust said it will hold a general meeting on the afternoon of 25 November «to propose certain amendments to the company's investment policy».  SBSI noted that the amendments proposed represent one of a number of steps to enable the trust to continue to be considered an «impact fund» under the FCA's new marketing and labelling rules, with the intention to also apply for the ‘Sustainability Impact' label also highlighted.  Lack of clarity keeps retail investors from getting on board with SDR labels SBSI launched in 2020 w...

The Financial Conduct Authority identified failings between June 2016 and December 2020 and said they occurred despite concerns being raised by junior staff as early as 2017, the regulator said today (12 November) in a statement. «Metro's failings risked a gap being left in our defence against the criminal misuse of our financial system. Those failings went on for too long,» said Therese Chambers, joint executive director of enforcement and market oversight at the FCA. Treasury expected to start looking for next FCA CEO – reports Metro said it had fully co-operated with the FCA and...

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Subscribe to enjoy similar stories. WASHINGTON—President-elect Donald Trump is stocking his cabinet and White House staff with loyalists with deep congressional experience who back his agenda on immigration and foreign policy—mostly shunning establishment Republicans whom he blames for thwarting his first-term goals. In the clearest example yet, Trump has asked Rep.