Due to the bank's failure to disclose certain currency swaps, the Commodity Futures Trading Commission (CFTC) said that JPMorgan Chase & Co. will be required to pay a $850,000 fine. The commission discovered that between September 2015 and February 2020, JPMorgan neglected to inform almost 2.1...

AO World, a British online electricals retailer, plans to raise around 40 million pounds ($47.7 million) in new capital to bolster its balance sheet and increase liquidity, just days after its stock fell on cash crisis fears.   The announcement came only two days after the business announced...

British Airways made an announcement regarding cancellation of further flights for the next summer break. The corporation made the decision during a period of significant airport interruptions brought on by employee shortages and a rise in air travel demand. British Airways announced that it will...

Following consumer group complaints, Amazon has made it easier for users to cancel their subscriptions to its quick shipping club Prime with only two clicks, according to the European Commission earlier this week.   In April of last year, the European Consumer Organization (BEUC), the...

With a decree seizing complete control of the Sakhalin-2 gas and oil project in Russia's far east, President Vladimir Putin has increased the stakes in an economic conflict with the West and its allies, potentially forcing out Shell and Japanese investors.   The decree, issued on Thursday,...

The government of India hiked its basic import duty on gold from 7.5 per cent to 12.5 per cent on Friday, as the world's second largest consumer of the precious metal seeks to reduce demand and reduce its trade deficit.   India imports the majority of its gold, putting pressure on the rupee,...

According to an Indian customs document reviewed by Reuters, UltraTech Cement is importing a cargo of Russian coal and paying in Chinese yuan, an uncommon payment method that dealers fear could become more widespread.   According to the document, UltraTech is bringing in 157,000 tonnes of...

Shares in Europe's largest online meal ordering company, Just Eat Takeaway.com, fell to an all-time low on Wednesday, as investors questioned if the loss-making company will be able to sell its U.S. Grubhub subsidiary and attain profitability without extra capital.   Following a note by...

Zip Co Ltd, an Australian purchase now, pay later company, announced that it would boost costs for customers and merchants as it tries to withstand the impact of skyrocketing inflation and rising interest rates on its business.   This year, the company's stock has dropped about 90 percent as...