Mitch McConnell has said the US Senate will be in session next week, as lawmakers and the White House delay summer holidays in a scramble to cut a deal on a further round of economic stimulus. “We’re certainly going to be in next week,” Mr McConnell, the Senate’s top... Read more

A German businessman responsible for one of Wirecard’s biggest sources of stated profits has been reported dead a month after Philippine authorities announced he was under investigation over the payments company’s collapse.  The death of Christopher Bauer, 44, was reported to a civil registry in Manila last week. In... Read more

A falling U.S. dollar is getting a lot of attention from stock-market investors, and according to the chart below from Wells Fargo Investment Institute, the focus isn’t misplaced. The chart sums up how the stock market and a variety of sectors have performed during past episodes of dollar weakness... Read more

Renowned shortseller David Einhorn has hit out at auditors and regulators for failing to detect signs that now-bankrupt German fintech Wirecard was a fraud “hiding in plain sight”.  “There were many voices yelling ‘Fraud!’ at the top of their lungs,” the head of hedge fund Greenlight Capital wrote in... Read more

Pro-democracy district council member Lui Man-kwong holds a sign on Sunday as he protests a decision to have mainland inspectors carry out COVID-19 testing in Hong Kong. Isaac Lawrence/Agence France-Presse/Getty Images There’s growing interest among Hong Kong residents in leaving for Britain, at least if job searches are any... Read more

As Lebanese authorities blame a stock of 2,700 tonnes of ammonium nitrate for the blast that devastated swaths of Beirut, experts have questioned why such an explosive material was stored for so long, so close to the heart of the city of more than 2m people. The chemical compound... Read more

William Hill officially opened its first-ever sports book within a U.S. sports complex at Capital One Arena in Washington, D.C. on August 3, 2020. Paul Morigi/Getty Images U.K. stocks climbed on Wednesday, as the gold price rally boosted the FTSE 100’s precious-metals miners and gambling group William Hill impressed... Read more

Glass shards glittered in the container of brown beans on top of Firas Alaw’s coffee machine, nestled in a battered van by Beirut’s shattered port. The force of Tuesday night’s massive blast in the Lebanese capital had smashed the windows of the vintage van he uses to serve hot... Read more

If you adjust for inflation, gold still has to climb to $2,800 per ounce to surpass 1980 levels. But gold bulls aren’t complaining as futures for the yellow metal topped $2,000 in nominal terms for the first time. At $2,052 in the early hours of Wednesday, gold GC00, +1.71%... Read more