Finance News

French military pilot tied up on firing range during bombing as hazing prank

Lawyer gives details of airman’s complaint over Corsica incident where he was tied to target while bombs and bullets hailed around

A French pilot has filed a legal complaint after being subjected to a hazing ritual in which he was tied to a target and had fighter jets open fire around him, his lawyer has said.

The young man had just been posted to an airbase in the south of the island of Corsica in March 2019 when he was grabbed by colleagues and tied up with adhesive tape, his lawyer said, confirming details first published in La Provence newspaper.

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At least 7 million people are likely to get unemployment tax refunds

About 7.3 million tax returns processed by early March appear to qualify for a new unemployment tax break, according to a report.

Green Dot joins corporate exodus from California as fintech firm moves to Austin

The move follows the departures announced last year of technology giants including Oracle, Palantir and Hewlett-Packard Enterprise

Montana, South Carolina to kick people off jobless benefits even as unemployment rises

Montana and South Carolina are ending participation in federal unemployment programs in June. More states may follow.

Stocks making the biggest moves midday: Square, Peloton, Roku, Shake Shack, Expedia & more

Check out the companies making headlines in midday trading.

29% of unemployed Americans have been jobless over a year

About 29% of unemployed Americans have been out of work at least a year, a period of joblessness stretching to the early days of the Covid pandemic.

Macron voices concerns over Covid vaccines patent waiver

French president says US and UK should start exporting doses around the world instead

Emmanuel Macron has echoed the German government’s concerns over Joe Biden’s proposed suspension of intellectual property rights for Covid-19 vaccines as he urged the US and the UK to instead start exporting doses around the world.

Arriving at an EU summit in Porto in Portugal, the French president expressed his reservations about the White House proposal to waive patents and criticised the lack of exports coming from “Anglo-Saxon” countries.

Related: Covid vaccines: what is patent waiving and will it solve the global shortage?

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Goldman Sachs unveils new cryptocurrency trading team in employee memo

Goldman Sachs formally kicked off the cryptocurrency trading era on Wall Street.

The Jersey fishing standoff shows Brexit has only just begun | Marley Morris

Ultimately, Britain will need to find a way to cooperate with its closest neighbours without resorting to gunboat diplomacy

When the UK and the EU finalised their trade deal last December, you could be forgiven for assuming that Boris Johnson had fulfilled his pledge to “get Brexit done”. But as events this week have proved, the process is far from over. An argument with France over fishing rights around the island of Jersey rapidly descended into threats, blockades and the government sending in the navy.

The current dispute rests on differing interpretations of one part of the trade and cooperation agreement (TCA), the trade deal that now governs economic relations between the UK and the EU. While Jersey is not part of the UK and was never within the EU, the TCA replaced the Bay of Granville agreement, which used to govern fishing rights in Jersey’s waters.

Related: The Brexit deal was astonishingly bad, and every day the evidence piles up | Polly Toynbee

Marley Morris is associate director for migration, trade and communities at the Institute for Public Policy Research.

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Stocks making the biggest moves in the premarket: Beyond Meat, Peloton, Roku & more

The stocks making the biggest moves in premarket trading include Beyond Meat, Peloton, Roku, and more.

Stock futures open slightly higher ahead of key April jobs report

Futures opened slightly higher in extended trading as investors awaited Friday's highly anticipated jobs report.

Stocks making the biggest moves after the bell: Peloton, Beyond Meat, Expedia & more

These are the stocks posting the largest moves after the bell on Thursday, May 6.

Fed warns about potential for 'significant declines' in asset prices as valuations climb

Rising asset prices in the stock market and elsewhere are posing increasing threats to the financial system, the Fed warned in a report Thursday.

Cathie Wood's ARK Innovation ETF is down 10% this week, nearing new low for the year

Shares of ARK Innovation are down another 3% on Thursday, bringing its weekly losses to nearly 10%.

French fishing representative explains 'anger' over Jersey restrictions – video

French fishers ended their protest around the Channel island of Jersey on Thursday.

French trawler crews, angered by limits on access to British fishing grounds, had sailed in a flotilla to Jersey earlier on Thursday to register their protest.

Representative Hugo Lehuby said the French government needed to proceed with retaliatory measures such as the one suggested by France’s sea minister, Annick Girardin, to cut power supplies to Jersey if its fishers are not granted full access to UK waters under the post-Brexit trading terms

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Stocks making the biggest moves midday: Uber, Etsy, Moderna & more

Check out the companies making headlines in midday trading.

American Express puts $40 million into a fund to provide loans to small business owners of color

The loans, which started going out this week, range from $5,000 to $100,000, depending on business need.

French dictionary adds record number of new words as Covid shapes language

Asymptomatique and télétravailler, home working, among additions to 2022 edition of Le Petit Larousse

One of the bibles of the French language, Le Petit Larousse, is to include a record number of new words many of which have emerged from the coronavirus epidemic.

The 2022 edition of the famous illustrated dictionary contains 170 additional entries to reflect what its editors describe as an unprecedented year of challenges both in health and language.

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Why married couples must wait for tax refunds on $10,200 of unemployment benefits

The IRS will start issuing tax refunds on unemployment benefits in May. Married couples who file a joint return may wait weeks or months longer.

IPOs are making top investors a fortune — now amateur traders want in

In Britain, some investment platforms are lobbying for the government to let retail investors take part in IPOs.

Stocks making the biggest moves in the premarket: Etsy, Uber, Zynga, Rocket Companies & more

The stocks making the biggest moves in premarket trading include Etsy, Uber, Zynga, Rocket Companies, and more.

What is behind the dispute over fishing rights around Jersey?

British navy patrol boats, protesting French fishers and Brexit – a summary of the escalating row

The immediate threat to which the prime minister was apparently responding when he dispatched the patrol vessels on Wednesday evening was a mooted blockade by French fishing boats of the port of St Helier, Jersey’s main entry point for supplies. French fishers accuse the Jersey authorities of limiting access to the waters around the Channel island – and being in breach of the post-Brexit arrangements agreed between the EU and the UK in its Christmas Eve trade and cooperation agreement. A flotilla of boats full of angry fishers did indeed gather at the port on Thursday morning under the watchful gaze of two Royal Navy River class patrol vessels. The bigger picture, however, is the rancour and tension between Britain and EU member states after a bruising few years since the June 2016 referendum result.

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Nio plans to start delivering cars to Norway in September

Chinese electric car start-up Nio announced it plans to begin deliveries in Norway in September, for the company's first entry into a market outside China.

Boost vaccine production or Covid won’t go until 2024 - French minister

Jean-Yves Le Drian says pandemic will haunt world for years without action by rich countries

The Covid-19 pandemic will haunt the world until 2024 unless the G7 focuses on increasing vaccine production, in part by facilitating it in Africa, the French foreign minister has said.

Jean-Yves Le Drian added there was a debate to be had about loosening restrictions on pharmaceutical companies’ patents, but the number one priority was increasing production.

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Stock futures are flat after the Dow closed at a record

U.S. stock index futures were little changed during overnight trading on Wednesday.

Stocks making the biggest moves after the bell: Etsy, Zynga, Sunrun & more

These are the stocks posting the largest moves after the bell on Wednesday, May 5.

States must refund unemployment benefits they clawed back in error, Labor Department says. It...

States asked hundreds of thousands of workers to repay their unemployment benefits during the Covid pandemic. Now, many will be getting refunds.

Montana opts to end $300 unemployment boost. Other states may, too

Montana Gov. Greg Gianforte is ending expanded unemployment benefits in June and replacing them with a $1,200 return-to-work bonus.