Good news. Sort of. If you’re retired or just about to retire, next year’s Social Security checks are likely to see one of the biggest bumps on record as a result of surging consumer prices. The average beneficiary may be in line to get as much as $180 more a month starting next January, based … Read more
Italian Premier Mario Draghi says the Indonesian presidency of the Group of 20 nations has ruled out in-person participation by Russian President Vladimir Putin at the November meeting of the group in Bali. The Nov. 15-16 summit risked awkward diplomatic encounters if Putin were to have come. The Kremlin had said earlier that Putin intended … Read more
NIO Inc.’s shares in Hong Kong extended declines in afternoon trading after the company denied accounting allegations in a report by short seller Grizzly Research LLC. The stock NIO, -2.57% NIO, -10.67% fell by as much as 10% to 167.80 Hong Kong dollars (US$21.38) on Wednesday and was recently 9.3% lower at HK$169.50. Grizzly Research … Read more
By Joe Hoppe Verditek PLC shares rose Monday after it said its distribution partner Bradclad Group has secured an important joint venture with Protan AB, and it separately secured its first order in the single-ply membrane roof market segment. Shares at 0720 GMT were up 0.65 pence, or 36%, at 2.45 pence. The company said … Read more
Russia is poised to default on its foreign debt for the first time since the 1917 Bolshevik Revolution, further alienating the country from the global financial system following sanctions imposed over its war in Ukraine. The country faces a Sunday night deadline to meet a 30-day grace period on interest payments originally due May 27. But … Read more
