Banks fined for rate rigging
The EU has imposed massive fines on six international banks accused of fixing interbank lending rates for years. The abuses reached their height during the financial crisis of 2008, when many banks were struggling to stay afloat amid all of the turmoil. The scandal has shattered an already fragile trust in the banking system.
More jobs and modest growth in USA
The private sector created 215,000 new jobs in the United States in November. That is according to a report by payroll processor ADP. Despite the improving labor market, the Federal Reserve expects only modest economic growth in the coming months.
Automation modernizing logistics
Logistics is key to the success of international manufacturers. Companies save money by making their supply chain function as efficiently as possible. We look at one German manufacturer that is automating its logistics system, and selling it to other firms.