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Global banks warn of possible losses from hedge fund default
BERLIN — Swiss bank Credit Suisse said Monday it may have suffered a “highly significant” loss from a default by a U.S.
Mar 29, 2021 11:51 AM
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News Corp. buys Houghton Mifflin Harcourt books division
NEW YORK — In the latest news of consolidation in the literary world, Rupert Murdoch's News Corp. announced Monday it's buying Houghton Mifflin Harcourt's book-publishing division, which includes such blockbuster releases as J.R.R.
Mar 29, 2021 11:50 AM
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Giant container ship that blocked Suez Canal finally free
SUEZ, Egypt — Salvage teams on Monday freed a colossal container ship stuck for nearly a week in the Suez Canal, ending a crisis that had clogged one of the world’s most vital waterways and halted billions of dollars a day in maritime commerce.
Mar 29, 2021 11:44 AM
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Suez Canal blockage adds to pressure points in global trade
The plight of a mammoth container ship stuck in Egypt’s Suez Canal has highlighted still more pressure points in global trade, a year after supply chains were disrupted by the coronavirus pandemic.
Mar 29, 2021 11:37 AM
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North American stock markets down in late-morning trading, loonie edges lower
TORONTO — The energy and base metals sectors helped lead a broad-based decline as Canada's main stock index posted a triple-digit decline in late-morning trading, while U.S. stock markets also pulled back.
Mar 29, 2021 11:25 AM
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Paris court convicts, fines pharma firm for deadly diet pill
PARIS — A French pharmaceutical company on Monday was ordered to pay hundreds of millions of euros in damages and fines for its role in one of the nation’s biggest modern health scandals, with a Paris court finding the firm guilty of manslaughter and
Mar 29, 2021 10:34 AM
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Merkel faults German 'perfectionism' for current virus woes
BERLIN — German Chancellor Angela Merkel has blamed her country's difficulties during the coronavirus pandemic — from the slow vaccine rollout to the back-and-forth over lockdown rules — partly on “a tendency toward perfectionism” and called for grea
Mar 29, 2021 10:08 AM
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China pressures brands to reject reports of Xinjiang abuses
BEIJING — China stepped up pressure Monday on foreign shoe and clothing brands to reject reports of abuses in Xinjiang, telling companies that are targeted by Beijing for boycotts to look more closely and pointing to a statement by one that it found
Mar 29, 2021 7:25 AM
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Tributes paid to Czech billionaire killed in chopper crash
PRAGUE, Czech Republic — Politicians and friends in the Czech Republic have paid tribute to Petr Kellner, the country's richest man, who was killed in a helicopter crash in Alaska. He was 56.
Mar 29, 2021 6:52 AM
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New York lawmakers agree to legalize recreational marijuana
ALBANY, N.Y. — New York is poised to join a growing number of states that have legalized marijuana after state lawmakers reached a deal to allow sales of the drug for recreational use.
Mar 28, 2021 7:35 PM
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