Global Glance: Brazil’s Rousseff impeached, Google to ban payday lending ads

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Here are today’s top business headlines from across the nation and world:

Brazil’s senate impeaches president Rousseff; trial ahead

BRASILIA, Brazil (AP) — Brazil’s Senate voted Thursday to impeach President Dilma Rousseff after a months-long fight that laid bare the country’s fury over corruption and economic decay, hurling Latin America’s largest country into political turmoil just months before it hosts the Summer Olympics. Read more


Google to ban payday lending ads, calling industry ‘harmful’

NEW YORK (AP) — Internet giant Google said Wednesday it will ban all ads from payday lenders, calling the industry “deceptive” and “harmful.” Google’s decision could have as much or even more impact on curtailing the industry than any move by politicians, as many payday loans start with a desperate person searching online for ways to make ends meet or cover an emergency. Read more


Nissan takes 34 percent stake in scandal-hit Mitsubishi Motors

TOKYO (AP) — Nissan Motor Co. is taking a 34 percent stake in scandal-ridden Mitsubishi Motors Corp. in what Nissan Chief Carlos Ghosn said is “a win-win” deal intended to repeat the success of his Nissan-Renault alliance. Read more


Claims for jobless aid reach highest level since early 2015

WASHINGTON (AP) — The Labor Department says the number of Americans applying for unemployment benefits rose last week to the highest level since February 2015, more sobering news for the labor market after a disappointing April jobs report. Read more


Congress putting daily fantasy sports games under scrutiny

WASHINGTON (AP) — Congress on Wednesday launched a fact-finding mission into the loosely regulated world of fantasy sports games – a multibillion-dollar business that seemingly advertised everywhere during the pro football season. Read more


Pew study sees a shrinking middle class in major US cities

WASHINGTON (AP) — In cities across America, the middle class is hollowing out. A widening wealth gap is moving more households into either higher- or lower-income groups in major metro areas, with fewer remaining in the middle, according to a report released Wednesday by the Pew Research Center. Read more


Finance leader: Bribes eat up $2 trillion in global economy

WASHINGTON (AP) — A global finance leader asserts that as much as $2 trillion, or 2 percent of the global economy, in bribe money courses through developing and developed countries each year, undermining economic growth and diminishing basic services most needed by the poor. Read more

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