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Finance News

Hong Kong leader accuses foreign critics of double standards

Hong Kong leader Carrie Lam accused foreign critics on Wednesday of displaying “blatant double standards” over moves by ...

EU says conditions needed in Lufthansa bailout, seeks deal

The EU competition chief said Friday that she is not “creating extra hurdles" for Lufthansa after the airline balked at ...

All about Section 230, a rule that made the modern internet

Twenty-six words tucked into a 1996 law overhauling telecommunications have allowed companies like Facebook, Twitter and ...

Twitter fact-checks Trump; he threatens new regs or shutdown

President Donald Trump, the historically prolific tweeter of political barbs and blasts, threatened social media companies ...

Trump threatens social media after Twitter fact-checks him

President Donald Trump threatened social media companies with new regulation or even shuttering on Wednesday after Twitter ...

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 ...

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