LISBON, Portugal (AP) — Portugal’s Espirito Santo family business survived wars, dictatorship, revolution and family feuds for almost 150 years. Now, one of Europe’s last banking dynasties is being stripped of its wealth and influence amid accounting irregularities, huge unreported debts, record losses at the family bank and a police investigation.
Archive for category Business
NEW YORK (AP) — The long-awaited surge in hiring at small businesses appears to be underway.
BRUSSELS (AP) — The European Union targeted Russian President Vladimir Putin’s inner circle for the first time Wednesday for the Kremlin’s actions in Ukraine, subjecting three of his long-time associates to EU-wide asset freezes and travel bans.