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The UK government has launched a national initiative to train and recruit hundreds of thousands of workers for roles in the clean-energy sector. The push aims to meet rising demand driven by investments in renewables and nuclear power. Key trades such as plumbing, electrics and welding will be especially targeted. The plan includes five new…
Asian financial shares fell sharply as fears about credit stress in the U.S. banking sector weighed on investor sentiment across the region. The slide came after reports emerged of rising bad loans and alleged fraud at several U.S. regional banks. These developments revived worries about broader credit risk and its impact on global markets. Asia’s…
Fifth Third Bancorp boosted its Q3 profit by 14% to $608 million (91 cents/share), thanks to strong fee income growth. The bank’s non-interest income rose to $781 million, a 10% jump from a year ago, led by an 11% increase in wealth and asset management fees and a 16% surge in mortgage banking fees. Net…
The proxy advisory firm Institutional Shareholder Services (ISS) has recommended that investors vote against Elon Musk’s proposed ~$1 trillion pay package at Tesla, Inc.. ISS said the deal locks in “extraordinarily high pay opportunities” over the next decade and hampers Tesla’s board from adjusting future compensation. The plan would grant Musk hundreds of millions of…
Newly revealed emails show that Jeffrey Epstein pressured billionaire Leon Black for tens of millions each year. Epstein demanded $25 million upfront and $5 million every two months while calling Black’s advisors and children derogatory names. Despite Epstein’s 2008 conviction for sex-crimes, Black continued to pay him, eventually totalling around $170 million over five years for…
President Donald Trump has admitted that his threat to impose a 100% tariff on all Chinese imports is “not sustainable.” Meanwhile, he plans to meet with Xi Jinping in South Korea soon to ease trade tensions between the two countries. China recently introduced stricter controls on rare-earth exports, which it says protect national interests. In response,…
President Donald Trump’s latest trade policy is causing ripples in the U.S. coffee industry. His push to impose more tariffs on imported goods is hitting local roasters who rely on overseas coffee beans. Many small businesses say tariffs raise costs, which squeeze already tight profit margins. For example, one Oregon roaster reported a 12% increase…
Asian financial stocks slid this week amid rising concerns about credit risk in U.S. banks and lenders. The jitters stem from a string of bad loans and alleged fraud tied to U.S. regional banks, sparking uncertainty among global investors. Among the triggers: U.S. bank Zions Bancorp revealed a major loan loss, and Western Alliance filed…
Jefferies has moved to calm investors after a fund linked to the collapse of First Brands Group triggered concern in financial markets. At an investor presentation, Jefferies executives said the troubled fund is part of the firm’s asset-management division, not its investment-banking arm. They stressed that the bank’s core advisory and trading operations are not…
The global film industry is showing little concern over U.S. President Donald Trump’s latest threat to impose a 100% tariff on movies made outside the United States. The tariff plan — first floated in May and repeated again this week — was meant to pressure Hollywood studios to bring more production back to U.S. soil….
