Wells Fargo has agreed to pay $1 billion to settle a class action lawsuit brought by shareholders who accused the bank of failing to address its management and practices in the wake of several scandals.
German energy firms Sefe and Uniper have awarded millions of dollars in bonuses to traders for 2022, despite being bailed out with multi-billion bailouts following Russia's halt of gas supplies.
The Bank of Japan reported on May 15 that wholesale prices in Japan rose 5.8 percent year-on-year in April, with higher energy and food costs offsetting the first decline in import prices since 2017.
Fanatics, the world's largest sports apparel and collectibles company, acquired PointsBet U.S. for $150 million in 2023 to enter the sports betting landscape.
The electric vehicle market in Asia is rapidly expanding, with China leading the way and other countries such as Thailand, Indonesia, and India following suit.