News

The controlling shareholder and former chairman of Seazen Group, one of China's largest property developers, was sentenced on Wednesday to five years in prison after being convicted him of child molestation.

The U.S. Treasury Department and Small Business Administration on Wednesday said they have shortened the Payroll Protection Program's loan-forgiveness application, which had drawn broad criticism for its complexity, and introduced an even shorter version for some borrowers.

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‘Labour’s Churchill’ and what he could teach today’s party. A new book by Andrew Adonis

U.S. home loan costs hit a record low last week, spurring a surge in applications for both home purchase loans and mortgage refinancings, the Mortgage Bankers Association's weekly survey showed on Wednesday.

The exiled uncle of Syrian President Bashar al-Assad was found guilty on Wednesday of acquiring millions of euros worth of French property using funds diverted from the Syrian state, and sentenced to four years in prison.

South African authorities have apprehended eight people suspected of illegally siphoning 2.3 billion rand ($133.87 million) from small lender VBS Mutual Bank, which collapsed in 2018 because of the corruption scandal.

The United States on Wednesday imposed its toughest sanctions ever targeting Syrian President Bashar al-Assad to choke off revenue for his government in a bid to force it back to United Nations-led negotiations and broker an end to the country's nearly decade-long war.

U.S. homebuilding increased less than expected in May, leaving the bulk of the prior months' declines intact and pointing to a slow housing market recovery from the COVID-19 crisis.

Shares of Amigo Holdings dropped nearly 20% on Wednesday as founder James Benamor said he would sell his stake in the subprime lender after losing a vote at a general meeting to oust the firm's board, in line with his promise earlier this month.

Germany supports the idea of the European Commission levying its own taxes to fund the expanded EU budget, Finance Minister Olaf Scholz said on Wednesday, adding new revenues could come from an expanded emissions trading scheme, a planned financial transaction tax or a yet to be discussed carbon border adjustment...