Moderna Inc. plans to tell US lawmakers that it more than adequately compensated the government for its role in a Covid-19 vaccine partnership that brought the drugmaker billions of dollars, a central point in what’s likely to be a heated Capitol Hill hearing this week.
The International Monetary Fund said Pakistan has made “substantial progress” toward meeting policy commitments needed to unlock billions of dollars in loans the country needs to avoid default.
Stocks finished higher as regulators worldwide rushed to shore up market confidence, with the recent financial turmoil spurring speculation on a slower pace of tightening from major central banks.
Canada’s federal government is stepping up environmental oversight in Alberta’s oil sands after Imperial Oil Ltd. and the provincial regulator were slow to report toxic spills.
In the world of gasoline cars, Japan’s automakers are king. Toyota Motor Corp. has held the title of the world’s No. 1 car company for the past three years, while Honda Motor Co. and Nissan Motor Co. remain global best sellers.
Bruce Springsteen, Gladys Knight and Julia Louis-Dreyfus are among 23 recipients who will be honored for their contributions to the arts and humanities by President Joe Biden.
Gold prices could surpass the record set at the height of the Covid-19 pandemic if ongoing turmoil in the banking sector persists and global central banks downshift their interest-rate hiking cycle, according to Sprott Inc., a top investor in the bullion industry.
Canada’s financial institutions’ regulator moved to reassure investors as the country’s riskiest bank debt joined a global selloff after the value of some Credit Suisse Group AG bonds was wiped out in the bank’s takeover by UBS Group AG.
Emerging markets showed signs of resilience Monday as investors assessed the extent of the banking turmoil, with currencies like the Hungarian forint rebounding and volatility easing.
Amazon.com Inc. is laying off an additional 9,000 employees, adding to cuts that were already the largest round of firings in the company’s history.
