A German regional court said on Friday that prosecutors and defence lawyers have requested the termination of the criminal trial of a prominent banker who is accused of playing a role in an alleged 10 billion euro ($10.7 billion) tax fraud scheme.
Microsoft plans to invest 6.69 billion euros ($7.16 billion) to develop new data centres in Spain’s northeastern region of Aragon, which is becoming a major cloud computing hub within Europe.
Tesla’s largest outside investor Vanguard said it voted in favor of CEO Elon Musk’s $56 billion pay package, citing the company’s performance, contributing to the passage of the record-setting arrangement on Thursday.
Global equity funds suffered sharp outflows in the seven days to June 12 as investors cautiously took out money ahead of a key U.S. inflation report and Federal Reserve policy decision that could determine the near-term outlook for interest rates.
The U.S. Federal Aviation Administration is investigating falsified documents that were used to verify the authenticity of titanium used in some recently manufactured Boeing and Airbus jets, the New York Times reported on Friday.
Pakistan’s plan to raise taxes in its 2024-25 budget and boost state revenues will help it win approval from the International Monetary Fund for a loan to stave off another economic meltdown, but could fuel public anger, a former finance official, experts and industrialists said.
Britain’s Prudential Regulation Authority (PRA) has asked Barclays to review its exposure to leveraged finance, a source familiar with the matter said on Friday, part of an industry-wide probe into lenders’ exposure to the private equity industry.
Tesla shareholders approved CEO Elon Musk’s $56 billion pay package in a what was seen as an endorsement of his leadership, but the electric car maker’s stock remains richly valued even after several years of weakness in shares.
Chinese firms have asked the government to launch an anti-dumping investigation into pork imports from the European Union, as well as an anti-subsidy investigation into EU dairy, according to state media.
Elon Musk’s $56 billion pay package won an overwhelming 77% of votes cast by Tesla investors at its annual meeting, a company filing showed on Friday, despite vocal opposition from a number of institutional investors and proxy advisory firms.
