Amazon has reached a historic $2.5 billion settlement with the Federal Trade Commission, which said the online retail giant tricked customers into signing up for its Prime memberships and made it difficult for them to cancel after doing so.
Global debt surged to a record $337.7 trillion in the second quarter, fueled by easing financial conditions and a weaker U.S. dollar. China, France, the U.S., and other major economies saw the largest increases. Emerging markets face rising debt-to-GDP ratios and significant bond redemptions, while concerns grow over the U.S.'s increasing reliance on short-term borrowing.
