International

Deutsche Bank has successfully negotiated settlements with about 60 percent of the plaintiffs in a long-running legal battle over allegations that it undervalued its acquisition of Postbank. That acquisition occurred more than a decade ago. In a recent announcement, Deutsche Bank revealed that it has finalized agreements with more than 80 claimants at a rate of 31 euros ($34.53) per share, as originally offered by the bank. This agreement is expected to positively impact Deutsche Bank's third-quarter pre-tax profit of 430 million euros. By the close of trading at 4.25pm ​​in London, Deutsche Bank shares had risen 3.95%, hitting a…

In a recent turn of events, a former New York drug dealer whose 10-year federal sentence was commuted by former President Donald Trump in 2021 has been arrested on domestic violence and assault charges. Court documents reveal that Jonathan Braun, 41, now faces charges in Nassau County Court on Long Island for physically assaulting his 75-year-old father-in-law and his wife. On Tuesday, authorities allege Braun punched his father-in-law twice in the face as the older man tried to defend his daughter. Braun also allegedly pushed his wife out of bed on July 17, causing serious injuries to her legs, and…

Streaming Notice: Tune in tonight at 6:30 p.m. ET for live coverage of the pivotal night of the Democratic National Convention. If the video player is not visible, please refresh your browser closer to the time of the event. Tonight marks a critical chapter for the Democratic Party as it looks to leadership and future strategies. This shift comes after a tumultuous period that saw President Joe Biden endorse Vice President Kamala Harris as his successor. Evening program 6:30 PM ET: Jason Carter, grandson of former President Jimmy Carter. Jack Schlossberg, grandson of former President John F. Kennedy. 7:00 PM…

LONDON — In response to the Bank of England’s recent decision to lower interest rates for the first time in four years, the UK’s major banks have cut mortgage rates, significantly reviving the housing market. Lenders such as Barclays, Halifax, HSBC and NatWest are now offering five-year fixed-rate mortgages at rates below 4%, which is below the BOE’s 5% prime rate. The most competitive of these offers is a five-year fixed rate of 3.83% for homebuyers who can put down a 40% deposit, the latest Rightmove report revealed. This rate is the lowest since the economic fallout from the UK’s…

In the tangled corridors of government oversight, Dr. Jeffrey E. Shuren was a prominent figure, heading the Food and Drug Administration’s medical device branch for more than a decade. Leading a team of about 2,500 people, Dr. Shuren oversaw an expansive budget of about $790 million, according to U.S. Senate Health, Education, Labor, and Pensions Committee documents. Dr. Shuren’s tenure has been marked by significant accomplishments, including record approvals of innovative medical devices ranging from joint replacements to infectious disease diagnostics. His leadership was recently praised by FDA Commissioner Dr. Robert Califf, who highlighted the historic number of new device…

In a recent long-term research study published Tuesday, Eli Lilly reported that its popular weight-management drug significantly reduced the incidence of type 2 diabetes by 94 percent among overweight or obese adults who had prediabetic symptoms, compared to a control group that received a placebo. The late-stage study explored the effects of tirzepatide, the active compound in both Eli Lilly’s Zepbound weight-loss shot and the diabetes treatment Mounjaro. Over about three years, participants who received the highest weekly dose of tirzepatide experienced an average reduction in body weight of 22.9 percent, while those who took a placebo saw only a…

In Russia's Kursk region, Ukrainian forces have targeted and demolished another critical bridge, the Ukrainian Air Force said recently. This marks a continuation of Ukraine's aggressive strategy, disrupting Russian logistics networks amid an ongoing incursion. A Ukrainian military unit stationed at a former Russian-controlled facility in Kursk successfully carried out the operation on August 18, 2024, The Washington Post reported. The move underscores Ukraine’s deep push into Russian territory, which began nearly two weeks earlier and involves about 5,000 troops. Since the incursion, Ukrainian forces say they have taken control of 82 settlements in an area of ​​1,150 square kilometers.…

Estee Lauder Chairman and CEO Fabrizio Freda will retire, marking the end of an impactful era for the cosmetics giant. Estee Lauder forecast its annual sales and profits will fall short of expectations as the global beauty industry faces declining demand, particularly in China. The announcement comes amid news that CEO Fabrizio Freda, who has led the company since 2009, will step down on June 30, 2025, ending nearly 16 years of leadership. During her tenure, Freda, 66, has significantly expanded Estee Lauder’s skin care line, incorporating popular brands like Dr. Jart and Deciem, which owns The Ordinary. She has…

Recent inflation trends suggest that the Federal Reserve could begin cutting interest rates as early as next month. Federal Reserve Chairman Jerome Powell hinted at this potential development in his latest press conference following the Federal Open Market Committee meeting in July. This anticipated change comes as a ray of hope for many Americans who have been battling the challenges of soaring interest rates. A potential rate cut in September could provide much-needed financial respite, especially with strategic financial planning. Financial experts, including Leslie Tayne, a debt relief attorney at Tayne Law in New York and author of "Life &…

Vice President Kamala Harris is set to unveil a comprehensive economic framework this Friday, which she will champion for her first 100 days if elected. Her proposed policies are strategically designed to ease the financial burden on American families by making essentials like groceries and medicine more affordable, improving access to affordable housing, and reducing tax burdens on middle-class families. In a landmark move that reflects her commitment to economic reform, Harris will unveil these initiatives in North Carolina, a critical swing state. This marks her first policy speech since President Joe Biden dropped out of the race, an event…