News Headlines - 08 December 2015

▽Federal Reserve chair 'looking forward' to probable interest rate rise this month | The Guardian

A historic rise in US interest rates later this month is almost certain, Janet Yellen signalled on Wednesday. The chair of the Federal Reserve said that the US economy had “recovered substantially since the Great Recession” and she was “looking forward” to increasing rates, which have been held at near zero since the 2008 financial crisis.

▽Japan GDP revised from recession to growth in Q3 - FT.com

Not only is Japan not in recession but it was growing strongly in the third quarter of 2015, as the country’s gross domestic product data cemented its reputation for unreliability.

▽Japan securities watchdog recommends record $60 million fine for Toshiba | Reuters

Japan's securities watchdog on Monday recommended Toshiba Corp be fined a record 7.37 billion yen ($59.8 million) for a massive accounting violation, as the country seeks to rebuild a corporate image shattered by a series of high-profile wrongdoing.

▽Trump’s anti-Muslim remarks prompt outrage in the Gulf - FT.com

A string of hostile comments towards Muslims by US Republican hopeful Donald Trump have done little to dent his runaway popularity among his American supporters, but they may yet damage the billionaire’s business interests around the world, particularly in Muslim countries.

▽Mercedes Sues Ferrari-Bound F-1 Engineer for Data Theft - Bloomberg Business

Mercedes-Benz AG is suing one of its Formula 1 engineers for taking confidential documents and data as he prepared to join competitor Ferrari.