Businesses and governments must end short-termism, and focus on goals and scorecards that look at sustainability and well-being, says Klaus Schwab.
Banco Santander said on Monday it had agreed to sell Santander Bancorp, the Spanish lender's retail and commercial banking franchise in Puerto Rico, to FirstBank Puerto Rico in a deal valued at US$1.1 billion.
The former chief of Chevron Corp's Latin American operations is moving to raise US$500 million from big financial firms to invest in Venezuela once U.S. sanctions are eventually lifted, confident that political change will come and that foreign investment will be needed to boost sagging oil output.
UBS Group AG and the energy arm of Piper Jaffray Companies have cut staff in their oil and gas investment banking teams, three people familiar with the matter said on Monday, as U.S. dealmaking continues to dry up.
WASHINGTON: US President Donald Trump on Monday (Oct 21) said progress in developing the text of a partial trade pact with China means he will likely be able to sign it next month. Trump remains upbeat on the chances Beijing and Washington will seal the mini-deal he announced earlier...
NEW YORK: Wall Street stocks gained on Monday (Oct 21) on optimism over US-China trade talks and upcoming earnings reports, while Boeing tumbled again as the crisis over the 737 MAX deepened. US President Donald Trump said he expects to sign a partial trade pact with China next month following...
CLEVELAND: Three leading American drug distributors and an Israeli drug manufacturer blamed for a deadly US opioid epidemic settled a bellwether civil lawsuit with two Ohio counties on Monday (Oct 21), just hours before they were to go on trial, a federal judge announced. The US$260 million deal ......
San Jose, California's third-biggest city, is proposing to convert PG&E Corp into the country's largest customer-owned utility, the Wall Street Journal reported on Monday, citing the city's mayor.
The U.S. Treasury Department on Monday renewed a license allowing Chevron, the last U.S. operating company in Venezuela to continue operating in the country for another three months through Jan. 22, 2020.
Facebook announced new steps to combat misinformation and voter suppression on Monday ahead of the November 2020 U.S. presidential election, on the same day it disclosed the removal of a network of Russian accounts targeting U.S. voters on Instagram.
