Deal

Deutsche Bank

Investigation launched into longtime banker of Trump, Kushner

Deutsche Bank launched an internal investigation into the longtime personal banker for President Trump and his son-in-law, Jared Kushner, a bank spokesman confirmed on Sunday.

Australia, the US, Britain, Canada and New Zealand

Five Eyes alliance could expand in scope to counteract China

The Five Eyes intelligence alliance could be expanded to include Japan and broadened into a strategic economic relationship that pools key strategic reserves such as critical minerals and medical supplies, according to centre-right MPs working internationally to decouple the west from China.

Movies

The Oscars have been delayed until April 2021

Film's biggest night is being rescheduled for the first time in 40 years due to the coronavirus pandemic. The Academy of Motion Picture Arts and Sciences announced on Monday that the 93rd Oscars will no longer take place on February 28 as planned. Instead, the board of governors said the show will take place on April 25, 2021.

Shortnews

Federal Reserve

Fed: Unemployment will fall to 9.3 percent by end of 2020

Federal Reserve leaders predict the U.S. unemployment will fall to 9.3 percent by the end of this year and 6.5 percent by the end of 2021, signaling confidence the economy will begin to recover in coming months from the stunning recession caused by the coronavirus outbreak. In addition to releasing new forecasts, the Fed also announced the benchmark interest rate would remain near zero and the central bank’s extensive bond buying programs will continue “at least at the current pace” for the foreseeable future. Interest rates are likely to remain near zero through at least 2022, the Fed indicated. Low interest rates make it cheaper for Americans to borrow money to buy a home or car and for businesses to take out loans. Mortgage rates fell to an all-time low at the end of May, causing a surge in home buying, even during the pandemic.