The three men face significant penalties for allegedly exploiting a pandemic relief program designed to support struggling businesses.
EAST ST. LOUIS, Ill. — A federal grand jury has indicted three Metro East men on 13 counts for their alleged roles in a Paycheck Protection Program (PPP) loan fraud scheme, the…
Peru PM rules out financial support for struggling state oil firm
LIMA (Reuters) – Peru will not grant new financial support for indebted state oil firm Petroperu, Prime Minister Alberto Otarola said on Sunday, just days after the firm said it needed funds…
Explainer-Why is Germany’s economy struggling in 2024?
By Maria Martinez BERLIN (Reuters) – Germany’s ailing economy is experiencing a bumpy start to the year with farmers launching nationwide protests against government plans to cut diesel subsidies and train drivers…
Struggling Caracas restaurants, bars offer tour to boost sales
By Efrain Otero CARACAS (Reuters) -Several bars and restaurants in Venezuela’s capital Caracas are offering an eight-hour tour where customers visit each establishment in a bid to boost low sales at a…
Stifel strategists see S&P 500 struggling to gain much ground by mid 2024
By Lewis Krauskopf NEW YORK (Reuters) – The S&P 500 will likely struggle to rise much above current levels into the middle of 2024, as investors rotate away from growth stocks and…
VW struggling with S.Africa costs as group targets savings – executive
By Joe Bavier JOHANNESBURG (Reuters) – A senior Volkswagen executive involved in a global cost-cutting strategy said on Friday he was “very worried” about the future of the company’s operations in South…
DeSantis super PAC head quits, latest blow to struggling Republican’s presidential bid
By Gram Slattery and Tim Reid (Reuters) – The head of a political action committee (PAC) supporting Republican Ron DeSantis resigned on Wednesday, dealing a further blow to the Florida governor’s struggling…
Families Are Struggling Under Rising Inflation, Biden-Led Regulation, Experts Say
Families Are Struggling Under Rising Inflation, Biden-Led Regulation, Experts Say Will Kessler on November 5, 2023 Key costs for families, like child-care and shelter, have risen substantially during President Joe Biden’s tenure.…
Gaza hospitals struggling to cope with air strikes, blockade
By Nidal al-Mughrabi GAZA (Reuters) – As Gaza residents brace for an Israeli ground offensive, after days of intense air strikes and a blockade, in response to the attack by the Palestinian…
Australia PM votes in struggling referendum on Indigenous rights
SYDNEY (Reuters) – Australia’s Prime Minister Anthony Albanese voted on Saturday in a referendum to recognise the country’s Indigenous people in the constitution, a week from a national polling day on the…
SVB’s rapid growth left management, examiners struggling to police risk: Fed IG
By Pete Schroeder WASHINGTON (Reuters) -The leadership of Silicon Valley Bank and its government supervisors failed to quickly recognize risks looming in the firm before its March failure, according to a report…
Portugal approves 30% cut in mortgage rates for struggling borrowers
By Sergio Goncalves LISBON (Reuters) -Portugal’s government said on Thursday that banks must discount the benchmark six-month Euribor rate by 30% when calculating mortgage interest rates if asked to do so by…
JOSH HAMMER: Biden Can’t Gaslight Struggling Americans Into Thinking His Economy Is Good
JOSH HAMMER: Biden Can’t Gaslight Struggling Americans Into Thinking His Economy Is Good Josh Hammer on September 9, 2023 The 2024 Joe Biden presidential campaign, which has thus far been essentially nonexistent,…
Explainer-Why is France struggling to lower supermarket prices?
PARIS (Reuters) – Finance Minister Bruno Le Maire is meeting France’s top supermarkets and their suppliers on Wednesday and Thursday to try to persuade them to accelerate price cuts as shoppers struggle…
Two Years After Biden Personally Promised Aid, Grizzly Flats Wildfire Victims Are Still Struggling
Two Years After Biden Personally Promised Aid, Grizzly Flats Wildfire Victims Are Still Struggling Lillian Tweten on August 27, 2023 FEMA has denied Individual Assistance to residents of Grizzly Flats, California, for…
Wall Street Firms That Sold Out To China Are Now Struggling
Wall Street Firms That Sold Out To China Are Now Struggling Will Kessler on August 23, 2023 Major Wall Street firms that decided to expand their asset management operations into China are…
Average Americans Are Struggling To Pay For Their Cars Following Delinquencies, Price Increases
Average Americans Are Struggling To Pay For Their Cars Following Delinquencies, Price Increases Will Kessler on August 21, 2023 Heightened rates of auto loan delinquency and increased costs reveal that Americans are…
GM still struggling to build EVs, sees margin growth ahead for Cruise-CFO
(Reuters) – General Motors is still struggling to ramp up production of electric vehicles, a top executive said on Wednesday. Speaking at a J.P. Morgan investor conference, GM Chief Financial Officer Paul…
Germany’s struggling property sector in five charts
By Tom Sims FRANKFURT (Reuters) – Germany’s property sector is under stress, prompting firms to call for government support, property developers to file for insolvency and share prices of landlords to plunge.…
Japan Inc seen struggling to boost female executive ranks – Reuters poll
By Sam Nussey and Anton Bridge TOKYO (Reuters) – An overwhelming majority of Japanese firms think it would be difficult or impossible to fill at least 30% of executive positions with women…
Cuba still struggling to earn foreign currency
By Marc Frank HAVANA (Reuters) – Cash-starved Cuba fell short of its export and import plans through June of this year amidst grave shortages linked to its dependence on food, fuel and…
New York City Struggling to Find New Police Officers
NEW YORK, NY – New York City is currently facing challenges in recruiting more police officers after experiencing a wave of retirements among experienced officials, as reported by the New York Post.…
Bidenomics? New Jobs Data Shows More Americans Are Struggling To Find Full-Time Work
Bidenomics? New Jobs Data Shows More Americans Are Struggling To Find Full-Time Work Will Kessler on July 7, 2023 New data from the Bureau of Labor Statistics (BLS) shows a large increase…
‘I Understand, Sir’: Martha MacCallum Presses DeSantis On Struggling Poll Numbers
‘I Understand, Sir’: Martha MacCallum Presses DeSantis On Struggling Poll Numbers Kate Anderson on June 28, 2023 Fox News host Martha MacCallum asked Republican Gov. Ron DeSantis of Florida Wednesday about his…
Dem Dark-Money Group Struggling In Biden’s Economy
Dem Dark-Money Group Struggling In Biden’s Economy Laurel Duggan on May 17, 2023 Arabella Advisors, a massive Democrat-linked consulting firm, recently laid off 10% of its workforce due to the worsening economic…
ECB zeroes in on struggling borrowers and forex as times get tougher
FRANKFURT (Reuters) – The European Central Bank on Wednesday told banks to step up how they manage struggling borrowers and their own currency trading in an environment of higher interest rates and…
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