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News & Updates

September 19, 2016 Boeing's deal with Iran under scrutiny of lawmakers

Source: Houston Chronicle

Iran expects the U.S. Treasury to grant licenses by the end of the month that should help complete the purchase of more than 200 planes from Boeing Co. and Airbus Group, Iran's deputy transport minister, Asghar Fakhrieh Kashan,...

September 19, 2016 Many car brands emit more pollution than Volkswagen, report finds

Source: The Guardian

A year on from the “Dieselgate” scandal that engulfed Volkswagen, damning new research reveals that all major diesel car brands, including Fiat, Vauxhall and Suzuki, are selling models that emit far higher levels of pollution...

September 19, 2016 France Bans All Plastic Cups, Plates & Cutlery

Source: refinery29.com

The Associated Press reports that with a controversial new measure, France just became the first country to ban to use of plastic cups, plates, and cutlery.

September 19, 2016 Canada Will Impose Nationwide Carbon Price

Source: Fortune

Canada will impose a carbon price on provinces that do not adequately regulate emissions by themselves, Environment Minister Catherine McKenna said on Sunday without giving details on how the Liberal government will do so.

September 19, 2016 Judge Orders All of Hanjin’s Chartered Ships to Be Returned to Owners

Source: Fortune

All Hanjin Shipping chartered vessels that have completed unloading their cargo have been told to cancel their charter agreements and return the ships to the shipowners, a South Korean judge said on Monday.

September 19, 2016 Wells Fargo’s CEO Defends His Main Street Legacy to Congress

Source: Bloomberg

“A bank that purports to be as conservative as Wells Fargo says they are, clearly didn’t do the right kind of management,” said Sherrod Brown, the top Democrat on the Senate Banking Committee, which is holding the hearing. “No...

September 19, 2016 Why Raising Interest Rates Has Been Such a Tough Call for the Fed

Source: NY Times

When the Federal Reserve raised its benchmark interest rate last December after keeping it near zero for seven years, Fed officials were in general agreement that they might increase rates as many as four times in 2016.

September 19, 2016 City banks may lose EU rights after Brexit, Bundesbank boss warns

Source: Daily Mail

City banks would lose their automatic right to conduct business in the European Union unless Britain accepts it cannot fully control immigration, Germany's top banker has warned.

September 16, 2016 EU leaders must react to post-Brexit crisis, summit chair says

Source: Reuters

European Council president Donald Tusk called on EU leaders to take a "brutally honest" look at the bloc's problems when they meet in Bratislava to find a way forward after Britain's shock vote to leave.

September 16, 2016 Deutsche Bank Says DoJ Wants It to Pay $14 Billion to Settle Mortgages Case

Source: Fortune

The U.S. Department of Justice is asking Deutsche Bank to pay $14 billion to settle an investigation into its selling of mortgage-backed securities, Germany’s flagship lender said on Friday.

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