Corporate governance - Vigil

The global system for financial crime is hugely expensive and largely ineffective.

Euro zone countries should privide an additional fiscal stimulus of 3% of GDP in 2021-2022 to boost economic growth by 2% of GDP by the end of next year and reduce the negative effects of the pandemic, the International Monetary Fund said.

Toshiba announced on Wednesday the resignation of its top executive, Nobuaki Kurumatani, a move that comes as the Japanese conglomerate faces a potential buyout and a shareholder-initiated investigation into its management practices.

Bharat Masrani has been spreading the word: He likes Toronto-Dominion Bank’s growth potential in the United States, and he’s open to doing more deals south of the border. Having run TD’s U.S. division before he took over as chief executive officer in 2014, he’s quite comfortable with the banking sector along the Eastern Seaboard.

The government will allow Air Canada to access up to $5.9-billion through the Large Employer Emergency Financing Facility (LEEFF) program, Finance Minister Chrystia Freeland and Transport Minister Omar Alghabra announced. As part of the package, Ottawa is buying $500-million of Air Canada stock, or 21.6 million shares, at just over $23 each and has the right to buy 14 million more. The federal government’s voting interest in the airline is capped at just below 20 percent.

The United States budget deficit grew to a record $1.7 trillion in the six months since October, as the federal government continued to pump huge sums of money into the economy to help workers and businesses cope with the pandemic.

The FT analyses the scale of outbreaks and tracks the vaccine rollouts around the world

Such a change by the retailer would bring a near complete turnover in its C-suite, with many new faces with ties to Chewy added to board

Fast-growing startups are often building the plane while flying it, but the most successful ones are those that are genuinely focused on delivering value to all of their key stakeholders.

Hydro-Québec, one of the world’s biggest hydro-power producers, will do something this week that it hasn’t done for as long as anyone can remember: engage its stakeholders in an in-depth exchange about how they see their collective energy future.

CEO Darryl White's biggest move yet to trim the bank's portfolio of non-core businesses

Walmart Marketplace grew to an estimated 70,000 sellers in 2020, fueled by a surge in online shopping due to the Covid-19 pandemic and a series of investments in technology and vendor relationships reported here for the first time.

The United States is losing approximately $1 trillion in unpaid taxes every year, Charles Rettig, the Internal Revenue Service commissioner, estimated on Tuesday, arguing that the agency lacks the resources to catch tax cheats.

The companies who’ve promised to lighten their carbon footprints have set aspirational targets and deadlines that are all over the map. Are they legitimate attempts to help the planet, or just green signaling?

Falling cannabis prices and economic shutdowns are hitting Aphria Inc. hard, with Canada’s largest cannabis producer reporting a $68-million operating loss days before shareholders vote on a major merger with rival Tilray Inc.

Air Canada will receive a multibillion-dollar relief package from the federal government and in exchange the airline will restore domestic routes and refund customers whose flights were cancelled because of the COVID-19 pandemic.

China’s exports rose sharply in March while imports growth surged to the highest in four years in yet another boost to the nation’s economic recovery, signalling improving global demand amid progress in worldwide COVID-19 vaccination.

Deal values Southeast Asian ‘superapp’ operator at close to $40 billion

Huawei Technologies Co. will invest US$1 billion on researching self-driving and electric-car technologies, accelerating plans to compete with Tesla Inc. and Xiaomi Corp. in the world’s biggest vehicle arena.

A wealth tax is a bad way to pay off pandemic debts and probably would become permanent if introduced, Nobel Prize-winning economist Angus Deaton said.

The pandemic demonstrated that, at least over the relatively short term, governments actually can spend as much as they deem appropriate, and they can create the money to do so almost instantly. Central banks, as the agents that issue debt and create currency on behalf of those governments, can do both as much as is necessary. Modern monetary theory had been launched into the public conversation.