Zhongzhi Enterprise Group: Chinese shadow bank files for bankruptcy
The troubled firm reportedly told investors in November its liabilities had outstripped its assets.
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Hot sauce powders recalled over ‘life-threatening’ wheat label omission
Comment on this storyComment Add to your saved stories Save A North Carolina-based food company is recalling jars of what it calls dry hot sauces after failing to declare on labels that wheat is present in the product — an omission the company acknowledges could cause a “serious or life-threatening allergic reaction” to those with…
NASA delays crewed Artemis moon missions into 2025 as companies navigate challenges
The crew members of the Artemis 2 mission of the U.S. space agency NASA, left to right, Reid Wiseman Victor Glover, Christina Koch and Jeremy Hansen, stand at a press event in the ArianeGroup building. Hauke-Christian Dittrich | Picture Alliance | Getty Images NASA is pushing back the schedule for upcoming missions of its flagship…
Column: The war on ‘junk fees’ is gaining ground, but the fight is not yet won
“I talk to a lot of banks,” Rep. Dan Meuser (R-Pa.) told Rohit Chopra, director of the Consumer Financial Protection Bureau, “and they’re really not happy with your agency.” He urged Chopra to “be responsive to the clientele you’re supposed to be helping.” With admirable restraint, Chopra replied: “Just to be clear, the clientele of…
Fed president says March ‘probably’ too early for rate cut after hot inflation report
The rocky path of inflation back to the Federal Reserve’s 2% target rate reflected in the latest Consumer Price Index figures means that it is likely too soon for the central bank to cut its policy rate in March, Cleveland Fed President Loretta Mester said on Thursday. “I think March is probably too early in my estimation for…
ECB haunted by bond buys in Swedish property crisis | Reuters News Agency
Business & FinanceDeals 30 November 2023, 5:22 am 1 minute Reuters was first to report a debt crunch at Swedish property group SBB has left the European Central Bank at risk of losses and highlighted the 26 billion euro ($29 billion) exposure it built up to Europe’s now stricken real estate sector through its crisis-era…
Anna Wintour Isn’t Going To Cancel Herself
“The Empress Wintour, in her power, has disappointed me in her humanity,” he wrote in his book. “Our friendship has layered with thick rust over the years. … I am no longer of value to her.” Following her apology this week, Talley remains unmoved. “She’s part of an environment of colonialism,” he recently told Sandra…
