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The Mexican energy regulatory commission fines Spanish electric utility Iberdrola for US$467 million for violating local regulations that prohibit selling electricity to third parties.
2022-05-27

Russian stocks endure a total wipeout in value on the London stock exchange, losing $570 billion in two weeks, with many Russian companies' stocks worth pennies. Entities such as Gazprom and Lukoil have lost almost all of their value. Sberbank, the largest bank in Russia, had a market cap of $102 billion six months ago but the value of outstanding shares is currently less than $190 million.
2022-03-2

Property giant China Evergrande Group admitted it is under "tremendous pressure" and may not be able to meet its crippling debt obligations. Angry protesters have been gathering outside the real estate firm's headquarters, demanding to know about its future. Evergrande is holding $305 billion in liabilities on $147 billion in assets reported in 2020.
2021-09-15

French health minister Olivier Veran announces that the country will offer free birth control to all women under the age of 25, which will also include free contraception-related medical visits, starting in 2022. This measure will cost the government about 21 million euros (US$24,828,552) per year.
2021-09-9

The Central Bank of Lebanon ends fuel subsidies, announcing that it would instead offer "credit lines for fuel imports based on the market price for the Lebanese pound". The decision is likely to result in a significant increase in fuel prices amid an economic crisis in the country.
2021-08-11

McDonald's files a US$40 million lawsuit against former CEO Steve Easterbrook, equal to the worth of his severance package, for allegedly lying to investigators about the extent of his sexual relationships with three employees.
2020-08-10

Hundreds protest over the handling of the country's economic crisis, many calling for Hassan Diab's government to resign. The Lebanese pound has lost 70 percent of its value since October, when protests began. The government announced the central bank will begin injecting more United States dollars into the market on Monday.
2020-06-12

The World Bank releases US$150 million to support the Dominican Republic's efforts to contain COVID-19.
2020-04-3

Global stock markets have lost US$6 trillion in value over the last six days.
2020-02-28

The U.S. Army awards the $6.7 billion contract for the Joint Light Tactical Vehicle, the replacement for the Humvee, to the Wisconsin-based company Oshkosh Corporation.
2015-08-26