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MONEY NEWS FROM THE ASSOCIATED PRESS

Money

  • OPEC talks on production hit snag as pandemic clouds outlook

    FRANKFURT, Germany (AP) — The OPEC oil producers’ cartel was to push ahead with a new round of discussions Tuesday about how much oil to pump next year as countries wrestled over whether to extend production cuts to support prices depressed by the pandemic. Members adjourned a videoconference after a first day of deliberations Monday […]
  • Without patients or staff, Madrid opens new $119M hospital

    MADRID (AP) — Authorities in Spain’s capital on Tuesday held a ceremony to open part of a 1,000-bed emergency hospital for COVID-19 patients that critics say is no more than a vanity project, a building with beds not ready to receive patients and unnecessary now that the virus and hospitalizations are waning. Around 200 health […]
  • Nasdaq seeks mandatory board diversity for listed companies

    The Nasdaq stock exchange is seeking U.S. authority to require more diversity in the boardrooms of Nasdaq-listed companies, or to explain why they can not. It is the first major exchange to pursue such a requirement. The proposal filed with the U.S. Securities and Exchange Commission on Tuesday, if approved, would require all companies listed […]
  • ‘Well-prepared’ robbers seize Brazilian city, loot bank

    RIO DE JANEIRO (AP) — Dozens of criminals armed with assault rifles invaded a city in southern Brazil overnight and took control of the streets as they launched an assault against a local bank branch. Video from residents that was broadcast on the Globo television network showed hooded men dressed in black walking the streets […]
  • Azerbaijan fully reclaims lands around Nagorno-Karabakh

    BAKU, Azerbaijan (AP) — Azerbaijan on Tuesday completed reclaiming territory ceded by Armenia under a Russia-brokered peace deal that ended six weeks of fierce fighting over Nagorno-Karabakh. Azerbaijani President Ilham Aliyev hailed the restoration of control over the areas as a “historic victory.” “We all lived with one dream and now we fulfilled it,” Aliyev […]
  • With a month until split, Brexit trade deal hangs in balance

    LONDON (AP) — The British government told businesses on Tuesday to make sure they are ready for big changes when the U.K. makes its final Brexit break from the European Union in exactly a month. But with negotiations on a free-trade deal with the bloc stuck, firms say they still don’t know key details of […]
  • Italian bank UniCredit shares sink on CEO departure

    MILAN (AP) — Shares in Italian bank UniCredit sank 7% on Tuesday after the bank unexpectedly announced that CEO Jean Pierre Mustier is leaving in April due to strategy differences with the board. Mustier, 59, was appointed CEO in 2016, and has steered the bank to financial fitness through a rigorous restructuring plan. But the […]
  • Millennial Money: Be effective with your generosity in 2020

    If you’re fortunate enough to be able to donate money this year, plenty of causes need your attention. In a year like 2020, choosing where to direct your dollars is like picking your favorite child. Should your money go toward nonprofits providing basic needs, organizations fighting for social justice or a campaign to help local […]
  • In dark day for UK retailing, 242-year-old Debenhams to shut

    LONDON (AP) — The future of around 25,000 retailing jobs in Britain hangs in the balance after the failure of two long-established companies laid bare the fragility of much of the sector during the coronavirus pandemic. Long-suffering Debenhams, the 242-year-old department store chain, said Tuesday that administrators had decided to start winding down operations after […]
  • European regulator to decide Dec. 29 on 1st virus vaccine

    BERLIN (AP) — The European Medicines Agency will convene a meeting on Dec. 29 to decide if there is enough data about the safety and efficacy of the COVID-19 vaccine developed by Pfizer and BioNTech for it to be approved, the regulator said Tuesday. The agency also said Tuesday it could decide as early as […]