42 results

Shares of Europe’s biggest holiday company, TUI, tumbled 11.4 per cent after it decided to cancel all holidays to mainland Spain until August 9th.  Photograph:  Jaime Reina/AFP via Getty Images

European equities fell for a second day as new virus data suggested setbacks in global efforts to contain the coronavirus pandemic. The Stoxx Europe 6(...)

 Grafton Street in Dublin recently: Insolvent liquidations are set to spike in the coming months, particularly in the retail, hospitality and tourism sectors. Photograph: Dara Mac Dónaill

As the economy continues to emerge gingerly from a coronavirus-induced coma and companies survey the damage, many are running out of time, putting off(...)

Former Wirecard chief executive Markus Braun.

Former Wirecard chief executive Markus Braun has been accused by Munich prosecutors of committing a multiyear fraud and arrested for a second time fol(...)

Shorts have to get the timing right to guard against potentially unlimited losses. Photograph: iStock

Short sellers banked billions following the collapse of disgraced German payments giant Wirecard. However, don’t think it’s easy to profit from fallin(...)

Last month Wirecard filed for insolvency after disclosing that the outsourced operations had been misrepresented to shareholders and that €1.9bn in cash linked to the operations probably did ‘not exist’. File photograph: Christof Stache/AFP via Getty Images

McKinsey warned Wirecard more than a year before the payment group’s collapse that it should take “immediate action” to deal with an absence of contro(...)

Security guards at the Wirecard headquarters in Aschheim near Munich, Germany. Photograph: Philipp Guelland/ EPA

The Garda National Economic Crime Bureau (GNECB) raided the Irish office of failed Munich-based electronic payments provider Wirecard on Thursday, as (...)

UK regulators have set deadline for the first structural overhaul of the way Big Four auditing firms operate since a string of reviews prompted by the failure of outsourcer Carillion. Photograph: Daniel Sorabji/AFP/Getty Images

The UK’s Big Four accounting firms have until 2024 to separate their audit practices following a severe edict from the accounting regulator that marks(...)

The S&P 500 and Dow Jones indexes gained, inching closer to ending their best quarter since 1998 as improving economic data restored faith in a stimulus-backed rebound for the US economy.

A global gauge of stock markets rose on Tuesday as investors continued to look for signs of an economic recovery while US Treasury debt prices were li(...)

Although around 50,000 of the cards have been issued over three years, they are generally used as a one-off.

More than 50,000 users of An Post Money’s Currency Card will regain access to funds after Britain’s financial watchdog lifted a ban on the payment act(...)

Security guards at the wirecard headquarters in Aschheim near Munich, Germany. Photograph: Philipp Guelland/ EPA

Singapore after the parent company filed for insolvency in Germany, according to the Southeast Asian nation’s financial regulator. Credit card payme(...)

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