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US junk bonds hit by sharpest sell-off in over a year
US junk bonds fell in November by the most in more than a year on fears the spread of the Omicron coronavirus variant will hinder the ability of low-rated companies to repay their debts.A high-yield bond index compiled by Ice Data Services…
Rise of ESG adds to pressure on European defence companies
Defence executives are used to being targeted by antiwar demonstrators, who regularly try to gatecrash shareholder meetings and trade fairs. But now, the industry faces a different kind of adversary: socially conscious investors.They are…
US examines stricter testing rules for international travel
Joe Biden is considering imposing stricter testing rules for international travel as the White House develops a strategy to prevent the spread of the Omicron coronavirus variant in the US. A White House official said on Tuesday that Biden…
CNN suspends host Chris Cuomo over defence of his brother
CNN has suspended star news host Chris Cuomo “indefinitely” after New York’s attorney-general released transcripts showing that he was far more involved in the defence of his brother, the embattled former state governor, than had previously…
Witness accuses Ghislaine Maxwell of taking part in Epstein abuse
A prosecution witness pointed across a New York courtroom at Ghislaine Maxwell as she accused the British socialite of being present — and taking part — while Jeffrey Epstein repeatedly sexually abused her, starting from the age of 14.The…
Pakistan’s economic pain poses political headache for Imran Khan
It has been a long time since Akram Khan, a father of seven in his mid-40s, has been able to serve his family meat. “A year ago, I used to bring a full basket every morning,” said the fruit seller, pointing to his half-empty cart of guavas,…
Latest news updates: Australian economy beats forecasts as lockdowns trigger smaller-than-expected…
An important gauge of economic activity in China dropped back into contraction territory in November after a brief rally in October, with demand remaining weak despite an easing of supply-side pressures.The Caixin China General…
Elizabeth Holmes defends response to Theranos reporting
Prosecutors interrogated Elizabeth Holmes about her response to the investigative article that pierced her rosy image in 2015 as the Theranos founder took the stand for a fifth day of testimony in her criminal fraud trial.Holmes repeatedly…
Executive leading Meta’s stuttering digital currency project quits
David Marcus, the Meta executive tasked with launching its stuttering digital currency project, has announced he is leaving the company at the end of the year.The departure comes after Meta, Facebook’s parent company, suffered a string of…
Microsoft shareholders back protest vote over sexual harassment claims
Microsoft’s shareholders have backed a protest vote calling on the company to reveal more about its handling of sexual harassment claims, in the shadow of recent cases and the revelation that co-founder Bill Gates had a relationship with a…
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