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Headlines
German Business Sentiment Collapses to Lowest Since 2020 as War Hits Outlook
German business confidence sank to a near six-year low as firms counted the cost of soaring energy prices driven by the conflict in the Middle East, the Wall Street Journal reported. The Ifo Institute said Friday that its…
Hong Kong Regulators Fine PwC $166M over China Evergrande Audit
PwC, one of the world's biggest accounting firms, is paying HK$1.3 billion ($166 million) in fines and compensation in Hong Kong over its audit work for the failed Chinese property developer Evergrande, which was said to have…
Goldman Sachs Settles Shareholder Lawsuit over 1MDB Scandal
Goldman Sachs has agreed to settle a class-action lawsuit accusing the Wall Street bank of defrauding shareholders about its work for 1MDB, a Malaysian sovereign wealth fund that became embroiled in a corruption scandal,…