Global Economy
VW Exec Ordered Held Until U.S. Emissions Trial Starts Next Year
A federal judge in Detroit on Thursday ordered that a Volkswagen AG executive charged in the automaker's diesel emissions scandal be detained until his trial set for next year, agreeing with ...
AIG, Wary of Battle With Icahn, Pushed for CEO Hancock’s Resignation: WSJ
American International Group Inc's decision to remove Peter Hancock as its chief executive was to avoid a proxy battle with billionaire activist investor Carl Icahn, the Wall Street Journal reported, ...
China’s Anbang Insurance Denies Investment in Kushner-Owned Manhattan Office Tower
China's Anbang Insurance Group said it is not investing in a flagship Manhattan office tower owned by the family of Jared Kushner, U.S. President Donald Trump's son-in-law and senior adviser. Anbang ...
New El Niño Possible by July; Southeast Asia Could Face Dry Weather
An El Nino may develop by July as forecasters worldwide predict the pattern that can disrupt global weather is set to return this year. Six of eight climate models predict El Nino thresholds may be ...
British Parliament Gives May OK to Begin Brexit Process; Sterling Drops
Sterling fell to an eight-week low against the dollar and the basket of currencies measuring its broader strength on Tuesday, hit by fears of prolonged political jousting over the terms of Britain's ...
Ireland Alleges Unfair Competition for Post-Brexit Financial Firms
Ireland has complained to the European Commission that it is being undercut by rival centers competing to host financial firms looking for a European Union base outside London after Brexit. Last ...
EU May Force UK to Wait Until June for Start of Brexit Talks
The European Union is considering forcing the U.K. to wait until June for formal negotiations to begin on the terms of Brexit, eroding the time Prime Minister Theresa May has to land a deal, ...
China Drives 2016 Insurance Premium Growth: Allianz
Global insurance premium reached more than $3.8 trillion in 2016 — a new record high — and China appears to be a factor behind much of the growth, according to new projections from Allianz ...