13 h. ago A Detroit nonprofit's former finance chief gets 19 years for $40 million theft

A former executive at a major Detroit nonprofit has been sentenced to 19 years in prison in the the theft of more than $40 million meant to help beautify the city’s riverfront

Economics

2 w. ago Financial Conduct Authority chief Nikhil Rathi reappointed for second term

The Treasury confirmed that Mr Rathi will keep the role for another five years after his current term ends in September.

Culture

2 w. ago Cannot run public finances based on who gets most dramatic headline – O’Dowd

The Stormont Finance Minister was responding to comments made by the chief constable last week.

Events

2 w. ago Can’t run public finances based on who gets most dramatic headline – O’Dowd

The Stormont Finance Minister was responding to comments made by the chief constable last week.

Events

2 w. ago A job like no other: Glasgow Fort launches search for Chief Fun Officer

Glasgow Fort is on the hunt for its first-ever CFO – and it’s not Chief Finance Officer but Chief Fun Officer!

Society

2 w. ago Ace Aquatec appoints new chief financial officer to support growth

Award-winning aquaculture technology company, Ace Aquatec, has appointed Alan MacLeod as its chief financial officer (CFO) to support with its global growth strategy.

Events

2 w. ago Tottenham: Ange Postecoglou echoes Antonio Conte with call for vocal support from senior figures

Chairman Daniel Levy, chief financial officer Scott Munn, and technical director Johan Lange rarely speak publicly

Politics

2 w. ago Are Trump’s tariffs for real or an AI hallucination? I’m afraid the answer is both | Marina Hyde

Amid claims that a chatbot helped shape the key calculations, the president is now off playing golf. He’ll find the world economy in a bunkerThere’s a scene in the very first episode of Yellowstone where the casino-owning Native American chief explains the basic financial logic of all casinos to an uncomfortable politician: “The gamblers’ money is like a river – flowing one way. Our way.” Oh no, hang on, wait Not all casinos. In fact, it could be that when all is said and done, the historians looking for that one key fact to illustrate the eventual legacy of Donald Trump will not go with his two stunning presidential election wins. Instead, they’ll point out that in the 90s, he literally managed to bankrupt casinos. To repeat: this is a man who somehow contrived to bankrupt multiple casinos. Is he the guy to reshape the entire global economic order of the past century? Let’s find out! Either way, only 45 months of his presidency left to go.Anyway: tariffs. Rather than using actual t...

Politics

3 w. ago US consumer confidence hit by tariff fears; Thames Water’s finance chief leaving within days – business live

Rolling coverage of the latest economic and financial newsOver in Germany, the number of people out of work has risen at the fastest rate since October of 2024.The German labour office said the number of unemployed increased by 26,000 in seasonally adjusted terms to 2.92 million. Analysts polled by Reuters had expected that figure to rise by 10,000.“March marks the start of the so-called spring recovery on the labour market. This year, however, the economic slump is noticeably slowing it down.”One bright spot was the impressive 1.9% q/q (CE forecast 0.7% q/q) rise in consumers’ real incomes in Q4. The 4.2% rise in 2024 as a whole suggests households experienced the strongest real income growth in nine years.With consumer spending hardly rising, at 12.0% in Q4 (up from 10.3% in Q3), the saving rate remains unusually high, suggesting households are choosing to save rather than spend the bulk of those gains. Continue reading...

Economics

3 w. ago Tariff uncertainty risks ‘significant economic damage’; Thames Water’s finance chief leaving within days – business live

Rolling coverage of the latest economic and financial newsOver in Germany, the number of people out of work has risen at the fastest rate since October of 2024.The German labour office said the number of unemployed increased by 26,000 in seasonally adjusted terms to 2.92 million. Analysts polled by Reuters had expected that figure to rise by 10,000.“March marks the start of the so-called spring recovery on the labour market. This year, however, the economic slump is noticeably slowing it down.”One bright spot was the impressive 1.9% q/q (CE forecast 0.7% q/q) rise in consumers’ real incomes in Q4. The 4.2% rise in 2024 as a whole suggests households experienced the strongest real income growth in nine years.With consumer spending hardly rising, at 12.0% in Q4 (up from 10.3% in Q3), the saving rate remains unusually high, suggesting households are choosing to save rather than spend the bulk of those gains. Continue reading...

Economics

3 w. ago Thames Water’s finance chief quits as firm continues trying to find a buyer

Alastair Cochran, Thames Water’s chief financial officer, told the firm that he is stepping down on Friday morning, PA news agency understands.

Economics

3 w. ago Thames Water's finance chief departs at crucial stage of survival battle

Alastair Cochran steps down next week after more than three years with the utility

Events