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Wirecard’s bid to move past scandals falling short

Bloomberg Wirecard AG’s Chief Executive Officer Markus Braun tried to put fraud allegations behind him as questions persisted after an external probe failed to resolve issues from potential criminal behavior in Singapore to unexplained transactions. Braun said in an interview with Bloomberg TV on Wednesday that the company views the issue as closed, saying: “Everything is on the table. The ...

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Brexit delays hinder UK’s efforts to build new power cables to France

Bloomberg Some projects to develop new power cables between the UK and France are on hold because of uncertainties related to Brexit, throwing into question the delivery of infrastructure intended to reduce electricity costs in the UK. Work continues on two new interconnectors that were already under construction between the countries. However, talks on 3 other subsea power lines have ...

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US jobless claims fall to 4-week low

Bloomberg Filings for US unemployment benefits fell more than expected to a four-week low, as the labour market tightens further following the end of a five-week government shutdown. Jobless claims fell to 221,000 in the week that ended on March 16, beating economist forecasts for 225,000, Labor Department figures showed. The four-week average, a less-volatile measure, ticked up to 225,000 ...

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