Huawei CFO flies back to China after deal with US prosecutors | Business and economic news

Huawei Chief Financial Officer Meng Wanzhou has reached an agreement with US prosecutors to end the bank fraud case against her, officials said. The move will allow her to leave Canada, easing a tension between China and the United States. A person familiar with the case told Reuters news agency that Meng would fly back … Read more

Abu Dhabi wealth funds look to investment in Turkey worth billions | Business and economic news

Talks between the funds of the oil-rich capital of the United Arab Emirates and companies in Turkey have been going on for months, people familiar with the matter told Bloomberg News. Through Ercan Ersoy and Asli Kandemir and Kerim KarakayaBloomberg Abu Dhabi wealth funds are on the prowl in Turkey, seeking targets for billions of … Read more

‘Simply false’: IMF’s Georgieva pushes back on World Bank investigation | Banks News

The report puts IMF director Kristalina Georgieva at risk of undermining her authority just weeks before an annual meeting of global financial leaders. IMF director Kristalina Georgieva this week gave the lender’s board a more detailed defense against allegations that she improperly influenced a report in favor of China in her previous job at the … Read more

US allows aid to Afghanistan despite sanctions against Taliban | News about humanitarian crises

The US grants two licenses that allow different entities to provide humanitarian aid to the country. Amid concerns that sanctions against the Taliban would exacerbate an ongoing humanitarian crisis in Afghanistan, the United States has taken steps to pave the way for aid flowing to the economically crippled country. The US Treasury Department said Friday … Read more

Why the debt of the city of Paris is rising

La dette est en augmentation de 12,6% au 1er janvier 2021 par rapport à l

DECRYPTION – The outstanding debt has almost doubled since the arrival of Anne Hidalgo at the head of the municipality in 2014. Of course the trees don’t grow to the sky, but the outstanding debt of the city of Paris is getting closer and closer. Weakened by a year 2020 marked by the Covid-19 epidemic, … Read more

Huawei CFO Meng Wanzhou strikes deal with US prosecutors | News about courts

The chief financial officer of Chinese company Huawei was arrested in Canada in December 2018 on charges of violating United States sanctions. Huawei Technologies Co. director Meng Wanzhou and the US Department of Justice have reached a deal to resolve the criminal charges against her, a breakthrough in a case that has heightened tensions between … Read more

Tesla faces charges of racism from black worker in public courtroom | Automotive industry news

A former factory worker at Tesla Inc. who claims that racism was rampant has already accomplished a rare feat: forcing the electric car maker to fight him in public court. But when Owen Diaz submits his case to a jury trial that begins Friday in San Francisco, he takes on a company that almost never … Read more

UNDP’s Steiner on the Climate Statistics Keeping Him Up at Night | Business and economic news

New York City, United States – The world must use trillions of dollars in coronavirus recovery and stimulus to ensure countries have green economies, Achim Steiner, administrator of the United Nations Development Program (UNDP), told Al Jazeera. Steiner, Friday’s co-chairman High-level dialogue on energy (HLDE) at the UN, says the event is an opportunity for … Read more

Turkey: Student housing protests mark rising prices | Business and economic news

Istanbul, Turkey – Hasan Dogan says he is not bothered by the cold and rain as he prepares to spend another night in a park in Istanbul. The fourth-year graphic design student and dozens of other students have been sleeping on the streets for four nights, part of a national protest movement against what they … Read more