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Business

Recent stories and official-source coverage filed under Business.

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Business

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GEMs Consortium Releases New Credit Risk and Return Statistics for Emerging Markets

October 8, 2026 • 9 hours ago
Source: Asian Infrastructure Investment Bank (AIIB)

The Global Emerging Markets Risk Database (GEMs) Consortium has released three new publications containing updated credit risk and performance statistics to assist investors, credit rating agencies, regulators, and policymakers in evaluating emerging markets and developing economies (EMDEs). The released statistics compile pooled data from multilateral development banks (MDBs) and development finance institutions (DFIs). The data […]

Bank of England Selects Four Native Animals for Upcoming Banknote Series

October 8, 2026 • 12 hours ago
Source: Bank of England

The Bank of England has announced that the Atlantic puffin, barn owl, buff-tailed bumblebee, and European hedgehog will serve as the central images on its next series of banknotes. The selection follows a public consultation that drew nearly 500,000 responses to choose native wildlife representing the UK. The decision allocated one animal for each of […]

Justice Department Opens Third Compensation Phase for Western Union Fraud Victims

October 8, 2026 • 13 hours ago
Source: US Department of Justice

The U.S. Department of Justice announced it has launched the third phase of its remission compensation process to return forfeited funds to victims of Western Union-related fraud, reopening the petition process for individuals who have not yet filed claims. The compensation stems from a 2017 deferred prosecution agreement (DPA) in which Western Union agreed to […]

Fair Work Ombudsman Finds High Compliance Levels in Black Coal Mining Sector

October 8, 2026 • 18 hours ago
Source: Fair Work Ombudsman

The Fair Work Ombudsman (FWO) released a report on its investigations into Australia's black coal mining industry, concluding that the sector demonstrated high levels of workplace compliance and no evidence of systemic wrongdoing. The inquiry, initiated following a request from the Minister for Employment and Workplace Relations in August 2024, examined 56 cases across the […]

ASIC Places Interim Stop Order on Australian Secure Capital Fund Mortgage Schemes

October 8, 2026 • 18 hours ago
Source: Asic

The Australian Securities and Investments Commission (ASIC) has issued an interim stop order preventing Australian Secure Capital Fund Limited (ASCF) from offering, issuing, selling, or transferring interests in three of its registered managed investment schemes. The affected schemes are the ASCF Premium Capital Fund, ASCF Select Income Fund, and ASCF High Yield Fund. According to […]

Former Puerto Rican Bank Chairman Sentenced to Over Five Years in Wire Fraud Scheme

October 8, 2026 • 18 hours ago
Source: US Department of Justice

Juan Francisco Ramirez, the 60-year-old former board chairman and co-owner of Puerto Rican International Banking Entity Nodus International Bank, was sentenced to 62 months in federal prison for leading a multimillion-dollar wire fraud conspiracy, the U.S. Department of Justice announced. Ramirez, of Miami, Florida, was also sentenced to three years of supervised release and ordered […]

Private Investment in Western Sydney Aerotropolis Reaches $34.6 Billion as Bradfield Opens Tenancy EOIs

October 8, 2026 • 18 hours ago
Source: New South Wales Government

Private investment in the Western Sydney Aerotropolis has reached $34.6 billion after tripling over the past 18 months, according to figures released by the New South Wales Government. The total private investment now surpasses the $29 billion in public infrastructure investment allocated to the precinct, coinciding with new freight and upcoming passenger operations at Western […]

Defence Completes Upgrade Works at Gaza Ridge Army Barracks

October 8, 2026 • 22 hours ago
Source: Australian Department of DefencePlaces named: Gaza

The Department of Defence marked the completion of multi-million dollar upgrade works at Gaza Ridge Army Barracks at North Bandiana in Victoria with a traditional smoking ceremony on September 30. The project was carried out by First Nations commercial construction business TVN On-Country. The remediation works focused on storage facilities, adding covered storage for Australian […]

PRA Proposes Automatic GDP-Linked Updates for 128 Financial Regulatory Thresholds

October 7, 2026 • 1 day ago
Source: Bank of England

The Prudential Regulation Authority (PRA) announced proposals on 7 October 2026 to automatically increase 128 regulatory thresholds across the banking, insurance, and credit union sectors in line with nominal Gross Domestic Product (GDP). Under the proposed framework, the first automatic adjustment would take effect on 1 July 2031, with subsequent updates occurring every five years. […]