The largest banks in Europe, such as Santander, BNP Paribas, and Deutsche Bank, are set to report their earnings for the second quarter of 2024 this week following the announcement from the European Central Bank that it would not change its interest rates.
Legal & Regulatory
PA-Based Federal Judge Denies Blocking FTC’s Noncompete Ban
A Pennsylvania-based federal judge ruled to decline calls to block bans on noncompete agreements issued by the Federal Trade Commission, which was a divergence from an earlier decision at a Texas counterpart earlier this month.
Switzerland Orders Government Software to Become Open Source
Switzerland became one of the world’s first countries to mandate making its government website softwares to become open source with the implementation of the Federal Law on the Use of Electronic Measures for the Fulfillment of Government Tasks.
FTC Investigates 8 Companies on ‘Surveillance Pricing’ Practices
The Federal Trade Commission has ordered eight companies to provide information the agency said was offering products and services that use personal data to set prices based on a shopper’s individual characteristics.
Whole Food Settles Lawsuit After Firing Employee for Wearing Black Lives Matter Mask
Whole Foods settled a lawsuit with former employee Savannah Kinzer, who was fired for refusing to remove her Black Lives Matter facemask, following allegations of unlawful termination and racism.
Latest News
GoBankingRates provided several immediate impacts that would affect Wall Street and other financial institutions following US President Joe Biden’s decision to stand down from the race to the White House.
Hong Kong company known for its fermented Tofu, Liu Ma Kee, faces backlash after it was revealed that they imported and repackaged tofu under unsanitary conditions, contrary to its claims of producing it from scratch.
Bissell has recalled 3.3 million Steam Shot Handheld Steam Cleaners in North America due to a burn risk, following over 150 injury reports linked to the defect.
Boeing, facing severe financial and reputational damage from the 737 Max crashes, is implementing a comprehensive recovery plan involving better safety measures, workforce training, and buying back its troubled fuselage supplier.
Stellantis recalls over 24,000 plug-in hybrid minivans due to a potential battery fire risk, advising owners to park outdoors and avoid charging. At the same time, they investigate a defect linked to seven reported fires.
The European Central Bank announced that it would keep interest rates unchanged but may change by the next quarter.
The European Commission has re-elected its president, Ursula von der Leyen, for another five-year term. The continent is facing crises ranging from the war in Ukraine to climate change to migration to economic issues.
Italy's antitrust agency is investigating Google and its parent company, Alphabet, over alleged unfair practices in how they obtain user consent for combining personal data across services like YouTube, Gmail, and Maps.
Investigations are underway into Chinese companies accused of conducting illegal pregnancy tests on job applicants, which contradicts national efforts to address low birth rates.
