Mexico's President Claudia Sheinbaum has chosen Maria del Carmen Bonilla to be the new deputy finance minister. This decision ends weeks of guessing about who would take the job. Bonilla has been working at the finance ministry since 2021. She has been in charge of the unit that deals with public credit and international affairs. If approved, she will replace Edgar ...
The Democratic National Committee (DNC) is making moves to clean up the 2028 presidential primaries. Ken Martin, the DNC chair, plans to propose a resolution at the upcoming August meeting. This resolution aims to tackle corporate and dark money influence in the primaries. Progressive voices, like Senator Bernie Sanders, have been pushing for this change for years. ...
A former high-ranking doctor at a Brooklyn hospital has been sentenced to up to three years in prison for stealing nearly $1. 5 million. Dr. Michael Lucchesi, who was the Chairman of Emergency Medicine at SUNY Downstate Medical Center, admitted to using the stolen funds for personal luxuries over a six-year period. Lucchesi's spending spree included extravagant pet ...
Money has always played a big role in American politics, but things might be about to get even messier. The Supreme Court is looking at a case that could change how much political parties can spend on campaigns together with candidates. This case is important because it could make the already complicated world of campaign finance even more confusing. Right now, ther...
Germany's finance chief, Lars Klingbeil, thinks the EU needs to step up its game in trade talks with the US. He believes the EU has been too soft in the past and should be more confident when talking to the US. He wants the EU to work closely with the US, even when things get tough. Klingbeil met with US Treasury Secretary Scott Bessent to talk about trade issues. T...
Investors often shy away from emerging markets due to perceived risks, but is this fear justified? Many times, the risks are overestimated, leading to missed opportunities. For example, after the 2023 coup in Gabon, investors pulled back from bonds across Africa, even in politically stable countries like Kenya. This knee-jerk reaction shows how geographical proximity...
The wealthy from different countries have unique ways to hide their money abroad. This isn't just about having secret bank accounts. It's about how they use different strategies based on what's happening in their home countries. In places where corruption is high, the rich don't put all their money in one place. They spread it around. This is like not putting all yo...
Anthropic has introduced a new tool called Claude for Financial Services. This is a special version of their existing Claude for Enterprise. It is designed to help financial companies work better with AI. The new tool has some extra features that make it easier to use. One big change is that it has higher limits. This means users can do more work without hitting cap...
The National Rally (RN), a prominent far-right party in France, is under fire after police raided its headquarters and several associated companies. The raids, conducted by 20 finance brigade officers, were part of an ongoing investigation into potential fraud and misuse of campaign funds. Prosecutors are looking into allegations of "fraud committed against a public ...
The U. S. dollar has taken a significant hit this year, dropping more than 10% in value. This is the worst decline since 1973, when President Nixon ended the gold standard. The dollar's fall is surprising because the U. S. economy is still strong. Some investors are worried that this drop could mean a long-term change for the U. S. economy. One reason for the dollar...