Italy appeals court upholds conviction of 2 anti-graft prosecutors
NGOs raised alarm over ‘political interference’ related to allegations of withholding evidence in Eni/Shell case
Economic news
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U.S. budget deficit edged lower in 2025 as tariffs, debt payments both saw new records
The federal government managed to escape with a $1.78 trillion shortfall, some $41 billion, or 2.2%, less than fiscal 2024.
US regional bank shares sink on credit worries after fraud disclosures
Western Alliance and Zions Bank disclose exposure to alleged fraud
Tariff costs to companies this year to hit $1.2 trillion, with consumers taking most of the hit, S&P says
The firm said its estimate of additional expensed for companies is probably conservative.
Debt slicing and dicing may make the financial system sturdier
The First Brands and Tricolor bankruptcies are best understood as a window into the modern credit value chain
How Beijing’s collateral play can rattle the creditor-borrower balance
Flow control — Chinese bank edition