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The latest American Stock News Business News: breaking personal finance, company, financial and economic news, analysis into global markets

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MEPs approve changes in the European Commission

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Parliament approved the appointment of Mairead McGuinness as Commissioner and Executive Vice-President Valdis Dombrovskis’s change of portfolio, on Wednesday. Mairead McGuinness (Ireland), currently Vice-President of the European Parliament, will be Commissioner in charge of Financial Services, Financial Stability and Capital Markets. Her appointment was approved with 583 in favour, 75 against and 37 abstentions. The

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The pandemic is straining economic and social fault lines: the only remedy is international cooperation

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An infected passenger flies from Wuhan to Milan, a computer virus invades an internet connection, subprime defaults in the US Midwest trigger a global economic crisis. The super-spreaders of the goods of globalization—airport hubs, fiber-optic cables, global financial centers—are also the super-spreaders of the bads. This is the “butterfly defect” of globalization, the systemic risk

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