World
US fines Bank of America $1.2bn for money laundering, sanctions violations
The second-largest US bank faces record penalties for failing to comply with money laundering and sanctions laws.
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Bank
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Bank of America fined $1.2 billion over money-laundering violations
The action by the Treasury Department was announced less than a day before Bank of America reports quarterly earnings.
Business
World Bank jobs council urges 'crisis-era' employment support measures as IMF warns of AI ‘tsunami’
IMF Chief Kristalina Georgieva warned AI is hitting the global labor market like a “slow-moving tsunami,” with young workers entering the job market the most exposed.
World
Power bank fire forces plane to emergency land in India
A plane flying from Delhi to Chennai made an emergency landing after a power bank reportedly caught fire on board.
Business
Ex-Deutsche Bank trader jailed for rigging rates has conviction overturned
The Court of Appeal quashes the conviction of Christian Bittar, a former Deutsche Bank trader jailed in 2018.
World
S. Korea warns of AI-aided hacking after bank data breaches
Seoul is alarmed after a recent breach of South Korean banks' cyber defenses that reportedly involved AI-assisted hacking. Officials warn such methods could be used to also target other sectors and government agencies.
Business
India’s central bank hikes rates for the first time since 2023 as inflation risks build
HSBC and Goldman Sachs expect the RBI to raise interest rates in December as well.
Business
Britain is on 'thin ice,' warns ex-Bank of England chief economist — and it must act to 'appease financial markets'
Britain has the highest government borrowing costs in the G7.
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Business
World Bank warns of AI concentration risks as it lifts East Asia and Pacific growth outlook to 4.5%
The World Bank now expects the region to grow 4.5% this year, but flagged that trade growth outside AI-related goods has been "weak or negative."
World
A drive through the West Bank
Palestinians in the occupied West Bank are left asking world leaders: where exactly is our state meant to go?
World
West Bank: Palestinians ‘harassed’ by settlers’ increasing use of drones
Palestinians and activists report an increased use of drones in the occupied West Bank, particularly by the army and settlers, to whom the government supplies the drones directly. The drones are used to intimidate, monitor, demolish and make daily life unbearable.
Business
New baby bank 'open to everybody'
The facility offers essential items for free, including clothes for babies and small children.
Business
AI boom could trigger market shocks, Bank of England boss warns
Andrew Bailey says the central bank is watching the waves of cash being invested in artificial intelligence "very carefully".
Business
Facing the future without the 'bank of mum and dad'
Young people struggling to make ends meet respond to the government's Your First Home scheme.
World
Israeli settlers attack West Bank village and block Palestinian family's return home
Two homes belonging to the al-Tubasi family were set on fire and Israeli security forces were also targeted by settlers.
World
Israel’s West Bank road closures turn routine journeys into long ordeals
Palestinians face delayed medical care and long journeys as Israel tightens movement restrictions across the West Bank.
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Business
Baby bank's urgent appeal as demand for help grows
The founder of Leeds Baby Bank says the charity has seen a "massive" increase in referrals recently.
Business
Switzerland is keeping rates at 0% — for now
The Swiss National Bank held rates at 0% as low inflation and a strong franc enable it to diverge from other central banks, though markets expect hikes ahead.
Business
'I don't have a buoyancy aid': Living without the Bank of Mum and Dad
Three 20-somethings tell BBC News how they are navigating life without parental support.
World
West Bank: Israeli settler, Palestinian killed in latest violence
Violence flared in the Israeli-occupied West Bank on Sunday, as Israeli forces arrested a suspected Palestinian gunman accused of killing an Israeli man. In a separate incident, Israeli soldiers killed a Palestinian driver who the military said had attempted to run them over. Nicholas Rushworth reports.