Russia’s Goal in Attack on Nuclear Plant: Take the Electricity, Ukraine Says

Russia’s Goal in Attack on Nuclear Plant: Take the Electricity, Ukraine Says

The first sign of danger came when the dwindling crew of Ukrainian technicians running the Zaporizhzhia nuclear-power station noticed that officers from Russia’s state atomic energy company had left the premises without explanation. It was Aug. 5, and Russian soldiers were patrolling the facility. Then, at 2:40 p.m., explosions rocked an electrical switchboard, triggering the … Read more

Walmart, Target, Cisco, Deere, Housing Data, and Other Things for Investors to Watch This Week

Walmart, Target, Cisco, Deere, Housing Data, and Other Things for Investors to Watch This Week

Text size Earnings season continues next week in what will be an action-packed stretch for retail stocks. Walmart and Home Depot report results on Tuesday, followed by Bath & Body Works , Lowe’s, Target, and TJX on Wednesday. Ross Stores wraps things up for the retailers on Thursday. On Wednesday, the Census Bureau also reports … Read more

Brexit bill pits politicians against regulators: ‘It’s a recipe for disaster’

Brexit bill pits politicians against regulators: ‘It’s a recipe for disaster’

Brexit is a once-in-a-lifetime chance for the City to break free from restrictive EU rules. Or so politicians are saying. On the campaign trail to become the next prime minister, both Liz Truss and Rishi Sunak have pledged a bonfire to swathes of red tape choking the ambitions of UK financiers. But that process is already … Read more

Bank of England governor Andrew Bailey warns MPs: Don’t weaken our independence

Bank of England governor Andrew Bailey warns MPs: Don’t weaken our independence

Bank of England governor Andrew Bailey has urged politicians not to dilute the bank’s independence as parliament prepares to debate a landmark overhaul to post-Brexit regulation. The Financial Services and Markets Bill was introduced right before the summer recess, giving the government greater oversight of the UK’s finance watchdogs as it lays the groundwork to axe … Read more

Fears mount on ‘race to the bottom’ as UK’s post-Brexit trading rules take shape

Fears mount on ‘race to the bottom’ as UK’s post-Brexit trading rules take shape

After Brexit, many expected divergence in regulation between the EU and the UK, as Britain sought to make its own financial system more competitive. But with the introduction of the Financial Services and Market Bill in the UK and the EU Parliament’s draft report of the MiFID II review, the two jurisdiction’s regulation seem to be … Read more