Business
900 families to be evicted from Florida mobile home park
Park authorities reported that the closure is part of a community development plan that seeks to modernize the area
Business
The Latest
Business
Ford joins list of companies that suspended operations in Russia
Several companies have suspended their operations in the Eurasian country since Russia invaded Ukraine.
Business
Latin America stands to lose as oil prices hit $100 amid Russia's invasion of Ukraine
Oil prices hit $100 a barrel for the first time since 2011, following Russian President Vladimir Putin’s widely-condemned decision to invade his country’s southern neighbor, Ukraine
Business
Federal Reserve Chairman Powell announcing increase in interest rates this month
The Fed's rate increase would be the first since 2018
Business
Nord Stream 2 pipeline closes operations, lays off all employees
The operator of the Nord Stream 2 gas pipeline, which connects Russia with Germany, has laid off more than 100 employees and closed operations
Business
Inflation in Brazil may be lower than U.S. in 2022
Last year, Bolsonaro’s administration launched an aggressive interest rate tightening cycle – increasing borrowing costs from 2% to 10.75% in an attempt to mitigate growing inflationary pressures
Business
Harsh sanctions could hurt Moscow's Latin American allies
The West’s decision to bar 13 Russian banks from accessing the Swift network -- the global network that connects thousands of financial institutions around the world -- could ultimately provide the harshest blow
Business
U.S. imports of Russian oil reach highest in decade as domestic energy production decreases
Critics blame President Biden's energy policies for indirectly facilitating the invasion of Ukraine by boosting Russia's energy export earnings
Business
Italy fights to exclude luxury goods from EU’s Russia sanctions
Italy has managed to carve out an exclusion for Italian luxury goods including diamonds and products such as Gucci, Prada and Versace from the EU's proposed economic sanctions against Russia
Business
Russian currency tumbles to record low as markets react to invasion of Ukraine
The ruble fell 6% against the U.S. dollar, with one dollar buying 89 rubles. This was the lowest level on record, according to The Wall Street Journal, citing FactSet. It has since bounced back and is fluctuating between 84 and 88 rubles per dollar.
Business
Credit Suisse: Data leak reveals 18,000 accounts tied to corrupt politicians, spies and dictators
Bank officials have systematically denied any wrongdoing, however – adding that the issue is “predominantly historical,” and that leaked information has been taken out of context