The US Justice Department plans to propose changes to a legal shield enjoyed by companies such as Google and Facebook amid criticism that the tech platforms carry material that promotes illicit conduct and suppresses conservative opinions.
The world's second-largest credit ratings agency has agreed to pay nearly $864m to settle US government and state claims that it gave inflated assessments to risky mortgage investments in the years leading up to the financial crisis.
NEXT week Americans vote in an election with by far the greatest global impact. In 2012, when Obama defeated Romney, 129.1m people voted — 53.6% of those entitled to. If that turnout is repeated, then, and if pre-election polls are of any value, more than 50m Americans will vote for Donald Trump. How many more choose to do so will decide the election and who becomes the world’s most powerful person.
Deutsche Bank’s shares and its riskiest bonds dropped the most since the Brexit vote yesterday after the lender said the US Justice Department is seeking $14bn (€12.55bn) to settle a probe tied to mortgage-backed securities, more money than the bank is willing to pay.
Former Fifa vice president Jack Warner turned himself over to police in Trinidad and Tobago yesterday, shortly after they issued an arrest warrant at the request of authorities in the US, where he was one of 14 people linked to international soccer indicted on corruption charges.