Financial news

Capitalism is having an identity crisis – but it is still the best system

5 years by Daniel Williams

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The 73-year-old Vietnamese refugee is responsible for bringing Sriracha to American consumers

4 years by Daniel Williams

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Electric Truckmaker Rivian, Backed By Amazon, Ford, Raises Whopping $1.3 Billion

4 years by Daniel Williams

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Audit regulator unfairly dismissed ‘exhausted and stressed’ employee, tribunal finds

The UK’s audit watchdog unfairly dismissed one of its staff who was suffering from stress when it made her redundant last year, a tribunal has ruled. The Financial Reporting Council unfairly failed […]

Bulgaria summons Russian envoy after investigative journalist placed on Russian wanted list – JURIST

Bulgaria’s Ministry of Foreign Affairs Thursday summoned the Russian Ambassador to Bulgaria, Eleonora Mitrofanova, to protest investigative journalist Christo Grozevon’s inclusion on the Russian Ministry of Internal Affairs’ wanted list. Grozev is […]

City minister eyes ‘pragmatic approach’ to ditching EU finance rules post-Brexit

City minister Andrew Griffith has said the government will be taking a “pragmatic approach” to axing former EU financial services rules for London and take advantage of “select opportunities” from Brexit, in another […]

Australia state to introduce ‘tougher penalties’ for juvenile offenders – JURIST

Queensland Premier Annastacia Palaszczuk announced Thursday ten new measures aimed at reducing youth crime that would be introduced in 2023. Several of these measures relate to motor vehicle offences, while funding will […]

Hong Kong asks Japan to remove discriminatory COVID-19 travel restrictions – JURIST

Hong Kong Special Administrative Region (HKSAR) Wednesday asked the Japan Civil Aviation Bureau (JCAB) to rescind new COVID-19 travel restrictions. The restrictions, due to take effect from Friday and set to last […]

Fintech Files: BlockFi bust, ex-Celsius directors tell all, Tory super-crypto donor does it again

Just when you thought crypto couldn’t get more chaotic, another firm has filed for bankruptcy — lender BlockFi. The firm was one of the most heavily exposed to the collapse of FTX and its sister […]

Biden signs bill mandating revamp of outdated prison surveillance systems – JURIST

US President Joe Biden Tuesday signed into law the Prison Camera Reform Act, 2021, which requires the Federal Bureau of Prisons (BOP) to revamp the outdated security systems at its 122 facilities. […]

City must recruit 50% of bosses from working-class backgrounds, Treasury taskforce says

A City of London diversity taskforce wants business leaders and regulators in the financial industry to “break the class ceiling” by boosting the number of senior leaders from working-class backgrounds. The taskforce, […]

G7 foreign ministers condemn Taliban ban on women in domestic and international NGOs – JURIST

The foreign ministers of G7 nations Thursday called on the Taliban to reverse their recent decision to bar women from working for national and international non-governmental organizations (NGOs). In a joint statement, […]

Kirkland & Ellis partners face nervous wait on pay, promotions

Kirkland & Ellis partners are facing a nervous few weeks as they wait to hear their fates on pay and promotions. Equity partners at the world’s high-grossing law firm have their profit […]

North Korea releases US soldier who crossed demilitarized zone 2 months ago – JURIST

North Korea expelled US soldier Travis King on Wednesday, 2 months after he crossed into its territory from South Korea. KCNA, North Korea’s state media, announced that North Korea expelled King after […]

South Korea court overturns North Korea leaflet ban – JURIST

The Constitutional Court of South Korea on Tuesday struck down a provision of the Law on the Development of Inter-Korean Relations which prohibits the distribution of leaflets in North Korea and imposes […]

Hong Kong court sentences journalist to 5 days in jail for obstructing police officer – JURIST

The West Kowloon Magistrates’ Court on Monday sentenced the head of the Hong Kong Journalists Association Ronson Chan to five days in jail, according to the Hong Kong Free Press (HKFP). As […]

Philippine Coast Guard removes floating barrier allegedly placed by China – JURIST