Canada has chosen a new ambassador to the United States. Mark Wiseman, a well-known figure in the world of finance, will take on this important role. He is set to start his new job in mid-February. Wiseman has a lot of experience. He has worked in Canada's pension funds and big U. S. financial compa
Italy's economic outlook is showing signs of improvement, but there are still hurdles to overcome. The latest data reveals a boost in consumer and business confidence, which is a positive sign for the country's third-largest economy in the euro zone. Consumer confidence has seen a slight uptick, ri
UnitedHealth Group has shared the first findings from an independent audit of its business practices. The company has promised to make changes in three key areas. They have 23 action plans in place. By the end of 2025, 65% of these plans will be done. The rest will be completed by March next year.
Sweden's long-standing mystery of who killed its Prime Minister Olof Palme in 1986 remains just that - a mystery. A recent review by a top prosecutor has concluded that there isn't enough proof to pin the crime on the main suspect, a graphic designer named Stig Engstrom, who passed away in 2000. Pa
Canada's top financial watchdog has decided to keep the extra safety net for the country's six largest banks at the same level. This safety net, called the domestic stability buffer, is currently set at 3. 5%. The Office of the Superintendent of Financial Institutions (OSFI) believes these banks are
Italy's highest court has backed a lower court's decision to clear Matteo Salvini, the country's transport minister and leader of the League party, of charges related to a 2019 migrant standoff. The Supreme Court's ruling means Salvini cannot be tried again for the same incident. The case dates bac
Canada's Environmental Damages Fund is celebrating 30 years of turning penalties into positive change. Recently, the government announced a $10. 6 million boost for 23 new projects focused on nature conservation and restoration. This fund, established in 1995, has been using money from environmental
Canada is finally moving towards a more secure banking system. The government has announced a new framework for open banking, set to launch in 2026. This system will replace the risky practice of sharing online banking passwords with third-party apps. Instead, users will be able to securely share th
States are stepping up their game in the world of consumer finance. For a long time, Washington, D. C. was the main hub for enforcing rules in this area. But now, state attorneys general, banking departments, and legislatures are taking on more responsibility. This shift is changing the regulatory l
Canada is taking a closer look at its rules for pilot rest times. The reason? Industry players say the current rules are too complicated and hard to follow. This isn't just a Canadian issue. Other countries, like India, are also struggling to balance safety and practicality. In India, the biggest a
