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Finance News

Germany approves 9 billion euro aid package for Lufthansa

Germany on Monday approved a 9 billion-euro ($9.8 billion) aid package for stricken airline Lufthansa to keep a major ...

Hong Kong police fire tear gas, water cannon at protesters

Hong Kong police fired tear gas and a water cannon at protesters in a popular shopping district Sunday, as thousands took to ...

India's central bank cuts lending rate to 4% to aid economy

India’s central bank on Friday cut its key interest rate to 4% to counter the blow to the economy from the coronavirus ...

China hikes defense spending by 6.6%, lowest rate in years

China will increase its defense spending by 6.6% in 2020, the lowest rate in years as it battles an economic crisis brought ...

Dutch government asks prosecutors to probe tax office

The Dutch government reported its own taxation office to public prosecutors on Tuesday, seeking an investigation into ...

Puerto Rico to hold statehood referendum amid disillusion

Gov. Wanda Vázquez announced on Saturday that she will hold a nonbinding referendum in November to decide whether Puerto Rico ...

Germany's tax revenue seen declining sharply this year

The German government’s tax revenue is likely to sink by 81.5 billion euros ($88.4 billion) this year as a result of the ...

Business to Europe: Get busy on stimulus

Major business groups in Germany, France and Italy are urging European governments to ramp up their joint fiscal stimulus ...

Leading TV network goes off air under Philippine gov't order

The leading broadcast network in the Philippines went off the air under government order Tuesday, sparking shock over the ...

South Korea investigating cause of fire after 38 workers die

South Korean authorities on Thursday were investigating what caused a fire that killed 38 construction workers in one of the ...

Court rules insurers can collect $12B under health care law

The Supreme Court ruled Monday that insurance companies can collect $12 billion from the federal government to cover their ...

Deutsche Bank net profit falls due to pandemic

Deutsche Bank has reported that its net income fell to 66 million euros ($72 million) in the first quarter as the pandemic ...

Fed will provide monthly disclosures on support programs

The Federal Reserve said Thursday that it will provide monthly reports on several of its economic rescue programs supported ...

Women in Poland protest draft law curbing abortion rights

Paying lip service to COVID-19 lockdown rules, scores of women driving cars or riding bicycles in Warsaw protested Tuesday ...

Watchdog: Treasury acted appropriately on Trump tax returns

A watchdog has found that the Treasury Department appropriately handled Congress' request for President Donald Trump's tax ...

US budget deficit totals $743.6 billion over past 6 months

The federal government's budget deficit for the first half of this budget year totaled $743.6 billion, up 7.6% from last ...

Europe struggles to agree on economic response to virus

European governments remained at loggerheads Wednesday over measures to help the economy weather the coronavirus outbreak, ...

Rwanda finds genocide grave that could contain 30,000 bodies

A valley dam that authorities in Rwanda say could contain about 30,000 bodies has been discovered more than a quarter-century ...

What you need to do to get your government stimulus check

The IRS and the Treasury Department say Americans will start receiving their economic impact checks within the next few weeks

Ukraine approves legislation in a bid for IMF aid

Ukraine's parliament has voted to lift the ban on the sale of farmland in a move that would allow the country to get $8 ...

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