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The judge: “rogue.” The prosecutor: “racist.” The proceeding: “greatest witch hunt of all time.” And that was before the courtroom was gaveled to order.
Portugal plans to end the non-habitual resident regime that offers lower tax rates during 10 years for some people who move to the country, Prime Minister Antonio Costa said.
WeWork Inc. skipped interest payments due on five of its bonds, kicking off a 30-day grace period before a default.
Defaults in corporate private credit will exceed those in the syndicated loan market next year if interest rates remain higher for longer, Bank of America Corp. says.
Current home prices in Canada can’t be justified if medium-term interest rates stay elevated, a former Bank of Canada official said, underscoring the risk to one of the country’s most important sectors.
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