Goldman-backed Starling Bank fined $38.5 million for ‘shockingly lax’ financial crime controls
London’s Financial Conduct Authority said it has fined Starling “for financial crime failings related to its financial sanctions screening.”
UK’s JD Sports shrugs off Nike woes with multi-brand approach
JD Sports Fashion is confident it will meet annual profit forecasts after its multi-brand strategy boosted half-year results even as Nike, which accounts for 45% of its sales, struggles.
Facebook owner Meta forms data-sharing pact with UK banks to counter scams
Meta is working with U.K. banks NatWest and Metro Bank on an information-sharing agreement to help them prevent customers from falling victim to fraud.
European markets close mixed on Middle East tensions; defense stocks rally
European stocks closed mixed on Wednesday as investors assessed the ongoing conflict in the Middle East.
Yale’s Stephen Roach: Markets are in danger of being ‘whipsawed’ by Middle East conflict, U.S. unemployment
“We are likely to see significant increases in volatility and markets that really are whipped back and forth dramatically,” Roach told CNBC’s “Squawk Box Asia.”
Ireland reveals how it plans to spend ‘transformational’ $14 billion Apple tax windfall
Ireland’s government has outlined how it intends to deploy more than $14 billion in back taxes from Apple.
China property stocks surge to highest levels in a year as stimulus rally continues
Shares of most Hong Kong-listed Chinese property stocks surged to their highest in over a year, as China’s recent slew of stimulus continue to buoy markets.
China says it filed an appeal to WTO over Canada’s tariffs on EVs and metals
Canada announced in August that it would impose 100% import tariffs on China-made EVs.
Oil watchers now see a real threat of supply disruptions after latest Iran-Israel escalation
Oil watchers are now factoring in a genuine threat to crude supplies after Iran launched a barrage of missiles on Israel.
Young Chinese are ‘retiring’ in the countryside as China’s unemployment woes grate
China’s youths are retreating to the countryside after getting fired from their jobs, or unable to secure one that they are content with.
