March 14, 2025

World News

Finance

Olympics and OnlyFans: Some Paris athletes say they face a ‘broken’ finance system

PARIS (AP) — Dire financial straits are leading droves of Olympic athletes to sell images of their bodies to subscribers on OnlyFans — known for sexually explicit content — to sustain their dreams of gold at the Games. As they struggle to make ends meet, a spotlight is being cast on an Olympics funding system

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Finance

US jury convicts Mozambique’s ex-finance minister Manuel Chang in ‘tuna bonds’ corruption case

NEW YORK — Former Mozambican Finance Minister Manuel Chang was convicted Thursday in a financial conspiracy case that welled up from from his country’s “ tuna bond ” scandal and swept into a U.S. court. A federal jury in New York delivered the verdict. Chang was accused of accepting payoffs to put his African nation

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Finance

U.K.’s new finance chief pitches Bay Street on plan to boost investment in Britain

Open this photo in gallery: Rachel Reeves, Chancellor of the Exchequer for Britain, speaks during an interview at the British Consulate in Toronto on Aug 7.Fred Lum/The Globe and Mail Britain’s Labour Party romped to victory last month over the incumbent Conservatives with a focus on economic growth and a promise of fiscal restraint aimed

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Loans

US government will loan $1.45 billion to help a South Korean firm build a solar plant in Georgia

ATLANTA — The federal government is making its first loan to a crystalline silicon solar plant, loaning $1.45 billion to support a South Korean company’s bid to build up key parts of the solar supply chain inside the United States. The loan from the U.S. Energy Department, announced Thursday, will be key to funding a

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Property

‘Problem property’ developer buys Nazi concentration camp, sparking concern from Holocaust survivors

A German property developer has bought a former Nazi concentration camp that used tunnel slave labour, alarming historians and victims’ relatives. The owner of GPM Projekt 58 UG, a development company in Saxony that is said to specialise in “problem properties”, has agreed to pay €500,000 (£421,000) for the site after the previous owner went

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Finance

New UK Finance Minister to accuse last government of multi-billion pound ‘cover-up’ | World News

Britain’s new finance minister, Rachel Reeves, will accuse the former Conservative government on Monday of committing to billions of pounds of spending that has not been properly budgeted for. Elected to run the world’s sixth-largest economy in a landslide victory on July 4, Labour has spent much of its first three weeks in power telling

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Finance

G20 finance ministers agree to work toward effectively taxing the super-rich

Finance ministers from leading rich and developing nations have agreed to strive toward effectively taxing the super-rich By ELÉONORE HUGHES Associated Press July 26, 2024, 5:55 PM ET • 3 min read RIO DE JANEIRO — Finance ministers from leading rich and developing nations agreed Friday to strive toward effectively taxing the super-rich, a joint

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Investors

Stock market today: Wall Street slides lower in premarket as Big Tech earnings underwhelm investors

Markets on Wall Street logged losses in early trading Wednesday as the tech sector was dragged down by some uninspiring earnings from high-profile companies. Futures for the S&P 500 slipped 0.9% before the bell and futures for the Dow Jones Industrial Average fell 0.5%. The tech-heavy Nasdaq tumbled 1.3%. Electric vehicle maker Tesla’s second-quarter net

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Funds

US announces $325 million in funding to boost Puerto Rico solar projects as outages persist

SAN JUAN, Puerto Rico — The U.S. government announced Thursday that $325 million in federal funds will be available for solar and battery storage installations across Puerto Rico as the U.S. territory struggles with chronic power outages. The program, funded by the U.S. Department of Energy, will target community centers and healthcare facilities, as well

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Finance

Gail Vaz-Oxlade on how her first job taught her tenacity: ‘Once I passed that spot, I could smell the money’

Open this photo in gallery: Author Gail Vaz-Oxlade in Toronto on Jan. 6, 2010.JENNIFER ROBERTS/The Globe and Mail Finance guru and Til Debt Do Us Part host Gail Vaz-Oxlade didn’t always know about money … because she didn’t have any. In 1977, the new immigrant faced big changes and challenges. In Canada, if she wanted

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