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German inflation rose 6.5% in July
German inflation rose 6.5% in July
BERLIN German inflation rose in July, the federal statistics office said on Tuesday, confirming preliminary data. German consumer
2023-08-08 14:26
Investors Pile Cash Into Poland as Pro-EU Bloc on Brink of Power
Investors Pile Cash Into Poland as Pro-EU Bloc on Brink of Power
Investors piled cash into Poland as a bloc of pro-European opposition parties are on track to unseat the
2023-10-16 16:46
Blackstone Eyes Japan Property After Selling $4.5 Billion
Blackstone Eyes Japan Property After Selling $4.5 Billion
Blackstone Inc. is exploring more acquisitions in Japanese real estate, after selling about $4.5 billion worth in the
2023-08-14 13:45
France unveils new, more ambitious emissions-cutting plan
France unveils new, more ambitious emissions-cutting plan
The French government unveiled a plan on Monday to accelerate cuts to its greenhouse gas emissions, targeting a reduction of 50 percent by...
2023-05-22 23:49
Liverpool sign Dominik Szoboszlai from RB Leipzig in £60million deal
Liverpool sign Dominik Szoboszlai from RB Leipzig in £60million deal
Liverpool have completed the signing of midfielder Dominik Szoboszlai from RB Leipzig in a £60million deal, subject to a work permit. The PA news agency understands the 22-year-old Hungary international has signed a five-year contract with the Reds. Szoboszlai is the second of Liverpool’s summer signings to reinforce their midfield, following the £35m arrival of Alexis Mac Allister from Brighton, with Jurgen Klopp viewing the former Red Bull Salzburg star as a similar multi-functional player who offers tactical flexibility. With Liverpool having spoken to the player’s representatives earlier this week, the move advanced quickly with a release clause expiring on Friday which the Reds triggered at the last minute. Szoboszlai was seen as a more viable alternative to Chelsea’s Mason Mount, whom they were interested in as he entered the final 12 months of his contract but had proved to be a more expensive option which involved less straightforward negotiations. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live
2023-07-02 23:16
Biden and House Democrats hope to make curbing 'junk fees' a winning issue in 2024
Biden and House Democrats hope to make curbing 'junk fees' a winning issue in 2024
The White House is taking on “junk fees,” those extra charges tacked on to plane tickets, hotel rooms, hospital bills and more
2023-08-13 19:48
Bernie Sanders and Democratic Rep Ro Khanna launch campaign to wipe out medical debt
Bernie Sanders and Democratic Rep Ro Khanna launch campaign to wipe out medical debt
Progressives are beginning a new offensive on Capitol Hill: Taking on America’s staggering $88bn in medical debt. Headed up by the Bernie Sanders spinoff group Our Revolution, advocates around the country are gathering horror stories of instances where necessary procedures were blocked by insurance companies or, perhaps worse, approved with stipulations such as “out of network” classifications that can quickly (and often do) lead to lifesaving treatment becoming a financial death sentence. The group hosted a town hall led by executive director Joseph Geevhargese on Monday, where a number of Americans shared their own personal versions of ruin at the hands of medical debt collectors and hospital bills. Between 10 per cent and half of adult Americans are thought to carry medical debt in some form, with estimates widely varrying thanks to the complexities of tracking paid-off debts. Elizabeth McLaughlin, one woman who shared her account with participants of the town hall event on Monday, spoke about how treatment she received in 2017 has led to her taking on tens of thousands of dollars in credit card debt as she placed utility bills and other basic needs like groceries on lines of credit rather than face medical debt collectors. “I pass it from one [card] to another, and in the meantime I’m just grateful that I’m employed, and insured, and I can keep making the payments,” she explained. Another woman, Kristin Noreen, explained that she even filed for bankruptcy, only for her debt to immediately begin climbing into the thousands again thanks to tax obligations and other costs. Her treatment bills rose past $1m dollars after she was struck by a car on her bicycle and suffered grievous injuries, including the amputation of her hand, and now she explains that she has little chance of ever climbing out of her personal debt trap — even after her insurance paid for all but $60,000 of the treatment cost, and $50,000 of the remaining debt was handled by a charitable donation. The remaining $10,000 was still more than enough, coupled with the cost of years of therapy she says is “barely” covered by her Affordable Care Act plan, to leave her in financial desolation. “I’m back up to $10,000 on credit cards and as of last month, I have another $3,000 in debt to the IRS for prioritising my care over my estimated taxes. I’ve been denied disability and I work part-time from home as much as I’m able to,” she explained, while noting that if her pay increases from her part-time work, she is legally required to pay it towards Affordable Care Act subsidies rather than her own debt. Mr Sanders, along with a colleague in the House, Ro Khanna, reportedly plan to introduce legislation in the coming weeks aimed at addressing the issue — along with a nationwide campaign aimed at pressuring vulnerable lawmakers to get on board. Among the legislation’s priorities will be halting “predatory” debt collection practices and going after price gouging in medical billing. And while the demands in their upcoming legislation are small in comparison to Mr Sanders’s long-held desire to overhaul America’s for-profit healthcare system into a single-payer system aimed at affordability and access, the efforts by progressives to highlight the tragic cases of Americans consumed by medical debt likely aid in the left’s work to popularise the idea of major reforms and changes to the structure of America’s health system. Mr Sanders called for the elimination of all medical debt in the spring of 2022 after three leading credit agencies announced that they would no longer track paid-off medical debts when calculating credit ratings for Americans. “‘Medical debt’ and ‘Medical bankruptcy’ are two phrases that should not exist in the United States of America,” the senator said at the time. “Removing 70 percent of past-due medical debt from credit reports is a step in the right direction, and much more needs to be done. We must cancel all medical debt.” Read More Deal or default? Biden, GOP must decide what's on the table Black voters backing Biden, but not with 2020 enthusiasm House Republicans pressure Biden as they vote to raise debt ceiling in exchange for spending cuts
2023-05-10 06:25
UBS completes Credit Suisse takeover to become wealth management behemoth
UBS completes Credit Suisse takeover to become wealth management behemoth
By Noele Illien ZURICH (Reuters) -UBS on Monday said it had completed its emergency takeover of embattled local rival Credit
2023-06-12 16:27
Weight-loss drug maker Novo Nordisk invests $6 billion to boost output
Weight-loss drug maker Novo Nordisk invests $6 billion to boost output
COPENHAGEN Novo Nordisk said on Friday it will invest more than 42 billion crowns ($6 billion) in its
2023-11-10 17:27
How the debt ceiling showdown could play into China's hands and weaken US global power
How the debt ceiling showdown could play into China's hands and weaken US global power
President Joe Biden's pledge to the world that "America is back" after a period of political turbulence is looking a little shaky after a debt showdown with Republicans forced him to shorten an Asia-Pacific trip designed to showcase US power amid a challenge from China.
2023-05-17 12:30
GoldenTree Asset Management Hires Head of Corporate Strategy
GoldenTree Asset Management Hires Head of Corporate Strategy
NEW YORK--(BUSINESS WIRE)--Nov 27, 2023--
2023-11-27 20:28
Biden-McCarthy debt talks to resume after new default warning
Biden-McCarthy debt talks to resume after new default warning
President Joe Biden and Republican leaders are set to reconvene Tuesday for crunch talks on raising US borrowing limits, with a possible debt default...
2023-05-16 11:48