The World Bank’s shareholders on Saturday endorsed a $13 billion paid-in capital increase that will boost China’s shareholding but bring lending reforms that will raise borrowing costs for higher-middle-income countries, including China.
Wells Fargo has been fined a record $1bn by two US regulators to resolve investigations into car insurance and mortgage lending breaches.
The penalties have been imposed by the Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency.
China will allow full foreign ownership of car firms by 2022 in a move that could open up the world's biggest car market.
The plans will change rules that require global carmakers to work through state-owned partners.
Starbucks says it will close its more than 8,000 U.S. stores for several hours next month to conduct racial-bias training to its nearly 175,000 workers.
The announcement comes after two black men were arrested in a Philadelphia Starbucks store, sparking protests and calls for a boycott on social media.
Sir Martin Sorrell could make almost £20m from WPP shares over the next five years despite stepping down as chief executive of the world's biggest advertising group on Saturday.
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