FRANKFURT (Reuters) – Germany’s accounting watchdog has denied blame for failing to spot problems at collapsed payments company Wirecard, the latest in a series of agencies to shirk responsibility after the country’s biggest accounting scandal. . FILE PHOTO: The logo of Wirecard AG, an independent provider of outsourcing and private …
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A protester at the picket line wears a written helmet without layoffs during a demonstration in Spain. SOPA Images The unemployment rate in the euro zone reached 7.4% in May, as the region is dealing with the Covid-19 economic shock. It comes after several European economies took their first steps …
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Certain companies risk becoming insolvent as governments speed up fiscal support, a former member of the European Central Bank warned Tuesday. Many governments have deployed a massive fiscal stimulus to mitigate the economic consequences of Covid-19. In most cases, this has allowed companies to avoid bankruptcy and employees to have …
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LONDON (Reuters) – Reforms to the global financial system following the banking crisis of a decade ago have reduced the risk that taxpayers will have to bail out lenders again, but some gaps have yet to be closed, the Board of Directors said Sunday. Financial Stability (FSB). FILE PHOTO: Office …
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WASHINGTON (Reuters) – The United States Federal Reserve bought $ 428 million in bonds from individual companies through mid-June, making investments in names known as Walmart and AT&T, as well as in major oil companies, tobacco giant Philip Morris. International Inc and a utility subsidiary of billionaire holding Warren Buffett’s …
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