International Financial News

A Florida insurance agent and his Georgia-based business built up a $300 million Ponzi scheme funded by more than 2,000 unwitting investors, the SEC said in charges filed this week.

JP Morgan Asset Management is looking to extend its leadership in the active ETF space as it appoints Travis Spence, a long-tenured leader within the organization, as its new global head of ETFs.

Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been...

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Bavarian Nordic said Thursday it was ready to produce up to 10 million doses of its vaccine targeting mpox by 2025 after the World Health Organization declared a surge in the virus in Africa a global public health emergency. Alarmed by a rise in cases in the Democratic Republic of Congo and the spread of mpox to nearby countries, WHO experts said Wednesday that the «situation constitutes a public health emergency of international concern». «We have additional manufacturing capacity of two million doses for 2024 and (a total of) 10 million doses by 2025,» Rolf Sass Sorensen, vice-president of Bavarian Nordic, told AFP.

China says it will restrict exports of a mineral used in a wide range of products from batteries to weapons

NASA says it's still deciding whether to keep two astronauts at the International Space Station until early next year and send their troubled Boeing capsule back empty

Bank of Nova Scotia has recruited a team of seven from JPMorgan Chase & Co. in Texas to launch a new mortgage capital markets business in Houston.

electric mobility terming it a right step in the right direction for the country. The Mumbai-based auto major noted that supporting electric mobility is in the best interest of the nation. «The right direction for the country is EV focus and we believe that is what the government should support,» Mahindra & Mahindra (M&M) Executive Director and CEO for auto and farm director Rajesh Jejurikar told reporters here. He was responding to a query regarding the company's stand on the Uttar Pradesh government announcing registration waivers for hybrid vehicles.

Cyril Amarchand Mangaldas has been dominating legal industry headlines. Last month, the firm hired a team of more than 50 capital markets lawyers led by nine partners from smaller rival practice IndusLaw, depleting the latter firm’s capital markets offering entirely. Over the past two weeks, it has continued to aggressively hire partners laterally from competitors such as Luthra and Luthra Law Offices, Trilegal and S&R Associates. More hires will be made shortly, CAM managing partner Cyril Shroff told Law.com International, adding that new partners would be brought in to the firm’s banking and finance, private equity and corporate practices.

Walmart, which owns local ecommerce firm Flipkart, said its international business growth was driven by Flipkart, China, and Walmex, without disclosing specific contributions. The Bentonville-based retailer also said in its second-quarter earnings for FY25 that its advertising business grew 23%, led by Flipkart and Walmex. Walmart recorded nearly $30 billion in net sales from international markets–a growth of 8.3% on year. Walmart also reported an operating income of $1.4 billion for the quarter under review. “Operating income growth led by Flipkart, China, and Walmex…. benefited from lower losses in ecommerce across markets..,” a presentation from the Flipkart owner showed on Thursday.

NASA needs to decide by the end of August whether to return two astronauts to Earth aboard Boeing's Starliner, which flew them to the International Space Station (ISS), or bring them home on a SpaceX craft, officials said Wednesday. NASA astronauts Barry «Butch» Wilmore and Sunita «Suni» Williams blasted off for the ISS on Starliner on June 5 for what was meant to be an eight-day stay. But their return has been delayed by thruster malfunctions that came to light during the first crewed mission to the ISS by the Boeing spacecraft.

Sonata Software, a mid-tier IT company, has lost 18% in August so far after the company’s subdued June quarter performance due to delay in large deals. While it is likely to face challenges in the current quarter as well, Sonata expects to post better numbers in the second half of the current fiscal year given a strong order book. Given the slower momentum in the first half of the year, analysts have reduced the estimated earnings growth rate for the full year.

National Bank of Canada’s co-head of U.S. fixed income sales and trading, Noel Heavey, has left the firm, according to people familiar with the matter.

genocide and crimes against humanity that took place from July 15 to August 5 during students' mass movement against her government. A complaint was filed on Wednesday with the investigation agency of Bangladesh's International Crimes Tribunal against Hasina, Awami League general secretary and former road transport and bridges minister Obaidul Quader, former home minister Asaduzzaman Khan Kamal, and several other prominent figures within the party. The complainant's lawyer Gazi MH Tamim confirmed on Thursday that the Tribunal started the probe, The Dhaka Tribune newspaper reported. He said the investigation agency started the investigation on Wednesday night.

Addressing the nation from the ramparts of the Red Fort on the 78th Independence Day, he highlighted his government's efforts towards environment protection in various fields with a focus on rail operations. «We are aiming to achieve net zero emission by 2030 in Railways,» said the prime minister.

MUMBAI : As the nation celebrates Independence Day, a surge in travel enthusiasm has gripped well-to-do Indians. The extended holiday weekend has sparked a travel frenzy, with bookings for both domestic and international destinations witnessing a significant rise.

LightShed Ventures partner Rich Greenfield unpacks the amusement parks earnings on The Claman Countdown.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Prime Minister Narendra Modi today delivered his longest Independence Day speech to date, lasting a remarkable 98 minutes, from the historic Red Fort. This extended address, surpassing his previous record of 96 minutes in 2016, reinforces Modi’s reputation for delivering lengthy and impactful speeches on this significant national occasion. Modi's average Independence Day speech duration is 82 minutes, making his addresses notably longer than those of any other Indian Prime Minister. His shortest speech, delivered in 2017, lasted around 56 minutes. During the 78th Independence Day celebrations, Modi not only set a new record for the longest speech but also achieved the milestone of delivering the third-longest speech ever from the Red Fort, according to Press Trust of India. His inaugural Independence Day speech in 2014 was 65 minutes long, followed by an 88-minute address in 2015. In 2018, Modi spoke for 83 minutes, and his 2019 speech extended to nearly 92 minutes. The following year, in 2020, his address lasted 90 minutes, while in 2021 it was 88 minutes. Last year’s speech also reached 90 minutes.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...