BUSINESS

US bank JPMorgan Chase reported to pay $290 million to victims of Jeffrey Epstein

Key Dates In The Jeffrey Epstein Scandal

US megabank JPMorgan Chase has agreed to pay $290 million to settle a class action lawsuit brought by sex trafficking victims of disgraced financier Jeffrey Epstein, the accusers' lawyer said.
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A court in Hamburg will become the first in Germany to hear a case brought against homegrown vaccine manufacturer BioNTech

First Post-Covid Jab Claims Land In German Courts

German courts will from Monday begin examining a series of claims over adverse effects suffered after coronavirus vaccinations, more than two years after one of the world's fastest and most extensive innoculation campaigns.
The driver was arrested but no charges have been laid so far, said Acting Assistant Commissioner Tracy Chapman (C, with NSW Premier Chris Minns, R)

Ten Dead In Australia Wedding Bus Crash

A bus carrying wedding guests overturned and killed 10 people in an "unimaginable" night-time crash in a popular wine region near Sydney, police said Monday -- Australia's deadliest road accident in 16 years.
UBS' takeover of rival Credit Suisse is resulting in a megabank unlike the Swiss have ever seen

UBS Set For 'Bumpy' Integration Of Credit Suisse

UBS is poised to complete on Monday its takeover of Credit Suisse, but integrating the former rival is a Herculean task that clients, employees and Swiss political leaders will closely watch.
Border delays, customs tariffs and red tape are huge burdens for doing trade within Africa, say business chiefs

African Business Leaders Chafe At Obstacles To Trade

More than four years ago, African countries gave the ceremonial push to a deal to scrap internal trade barriers -- a historic scheme that would create a continent-wide single market worth trillions of dollars.
Any move to increase interest rates by the Bank of England will further add to a cost of living crisis

High Inflation Rattles UK Home Loan Market

Britain's retail lenders are withdrawing fixed home-loan products, as elevated inflation sparks fears of more Bank of England interest rate hikes and worsens the cost-of-living crisis.
Americans have grown fond of teleworking and don't want to return to the office

Commute No More: US Employees Embrace Telework

Commuting to and from the office five times a week? "If I worked for an employer that required five days a week, I just don't think that would be on the table for me," Claire, the Washington-based consultant, told AFP. Claire, who requested anonymity to discuss her employment, goes to the office irregularly, usually once every two weeks, sometimes more often.
Turkey's new central bank boss Hafize Gaye Erkan has had major roles at Goldman Sachs, First Republic Bank and Greystone

Turkey's 'Genius' Central Banker Faces High Expectations

"Brilliant Turk" or "the genius": Turkish media are gushing over new central bank governor Hafize Gaye Erkan, who soared through the ranks of US financial firms but now faces the monumental task of curbing inflation and stabilising the falling lira.

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