Latest International investing News

FILE - In this March 10, 2009, file photo, former financier Bernie Madoff exits federal court in Manhattan, in New York. The Supreme Court is leaving in place a lower court ruling that allows the trustee recovering money for investors in the Bernard Madoff Ponzi scheme to pursue more than $4 billion that went to overseas investors. The high court on Monday, June 1, 2020, declined to take the case. (AP Photo/David Karp, File)

Supreme Court declines to take Bernard Madoff trustee case

Jun. 1, 2020 10:18 AM EDT

WASHINGTON (AP) — The Supreme Court is leaving in place a ruling that allows the trustee recovering money for investors in the Bernard Madoff Ponzi scheme to pursue more than $4 billion that went to overseas investors. The high court on Monday declined to get involved in the case. As is usual, the justices...

FILE - In this April 5, 2020 file photo, Mexican President Andres Manuel Lopez Obrador speaks at the National Palace in Mexico City. Over the May 17, 2020 weekend, the administration of President Lopez Obrador has cited the coronavirus pandemic as a justification for new rules that will reduce the role of renewable energies like solar and wind power, granting a reprieve to the government’s own ageing, fossil-fuel power plants.  (AP Photo/Eduardo Verdugo, File)

Mexico cites virus in slapping down renewable energy

May. 17, 2020 4:48 PM EDT

MEXICO CITY (AP) — The Mexican government has cited the coronavirus pandemic as a justification for new rules that will reduce the role of renewable energies like solar and wind power, granting a reprieve to the government's own ageing, fossil-fuel power plants. The decree over the weekend has sparked...

FILE - In this Nov. 15, 2019, file photo an Uber office is seen in Secaucus, N.J. Uber lost $2.9 billion in the first quarter as its overseas investments were hammered by the coronavirus pandemic. (AP Photo/Seth Wenig, File)

Uber loses $2.9 billion, offloads bike and scooter business

May. 7, 2020 7:53 PM EDT

NEW YORK (AP) — Uber lost $2.9 billion in the first quarter as its overseas investments were hammered by the coronavirus pandemic, but the company is looking to its growing food delivery business and aggressive cost-cutting to ease the pain. The ride-hailing giant said Thursday it is offloading Jump, its...

German Economy Minister Peter Altmaier makes a phone call prior to the weekly cabinet meeting of the German government at the chancellery in Berlin, Germany, Wednesday, April 8, 2020. In order to slow down the spread of the coronavirus, the German government has considerably restricted public life and asked the citizens to stay at home. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death.(AP Photo/Markus Schreiber, Pool)

Germany moves to make it easier to block foreign takeovers

Apr. 8, 2020 6:32 AM EDT

BERLIN (AP) — Germany’s Cabinet on Wednesday approved legislation that will make it easier for authorities to prevent foreign takeovers of strategically important companies. The changes are meant to bring rules in Germany, Europe’s biggest economy, in line with a year-old European Union...