government policy
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CDC data show 74% of people who tested positive for the virus in Massachusetts outbreak were fully vaccinated
A federal investigation into a COVID-19 outbreak earlier this month in a Massachusetts county that’s home to Cape Cod found…
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Trump told Justice Department officials to declare election results ‘corrupt’ and ‘leave the rest to me and the [Republican] Congressmen’: contemporaneous notes
WASHINGTON (AP) — President Donald Trump urged senior Justice Department officials to declare the 2020 election results “corrupt” in a…
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‘It feels like we are getting hit by a train’: Florida’s coronavirus cases jumped 50% this week
FORT LAUDERDALE, Fla. (AP) — Florida’s coronavirus cases jumped 50% this week, the state Health Department reported Friday, continuing a…
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CDC expected to release data that informed reconsideration of face masks, says delta variant of COVID means the ‘war has changed’
The Centers for Disease Control and Prevention is expected to release data later Friday about the spread of the delta…
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Monzo faces FCA scrutiny over financial crime controls
Monzo has warned for the second consecutive year that there is “material uncertainty” over whether it can turn a profit…
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Biden expected to outline requirement for federal workers to get vaccinated or face regular tests in latest push for U.S. vaccine program
President Joe Biden is expected to announce later Thursday a plan to require all federal employees to either get vaccinated…
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Ex-Lanistar staff allege bullying, sexism, and a ‘loser’s table’ for missing targets
Staff at celebrity-promoted fintech startup Lanistar were routinely sexually harassed and bullied over the past year, according to the accounts…
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FCA looks to force companies to explain board-level diversity
The City watchdog has launched a consultation on changes to its listing rules which would require companies to publish “comply…
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CDC expected to reverse policy on face masks later Tuesday, amid reports of breakthrough infections with delta variant of COVID-19
Reports of breakthrough infections with the delta variant of the coronavirus-borne illness COVID-19 in Americans who are fully vaccinated has…
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The collapse of Archegos shows how important it is to understand data
Extreme liquidity, combined with high levels of market volatility and high-tech valuations, can make a lethal cocktail. The collapse of…
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FCA puts size limit on UK Spacs as investors are in line for greater protections
Investors must be allowed to exit a special purpose acquisition company early if it wants to benefit from a smoother regulatory…
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Bankers now face compliance crackdown over Covid rule breaches
Compliance rules have always been a headache for City workers. During the pandemic, they are becoming a nightmare. Texts about…
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Fauci confirms U.S. health officials are taking a fresh look at face masks, as COVID-19 cases continue to spread
The U.S. government’s leading health officials are actively considering recommending that even those individuals who are fully vaccinated against COVID-19…
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U.S.-listed China education stocks tumble again as Beijing makes industry crackdown official
Beijing’s crackdown on education got Wall Street’s attention anew on Monday, with more downgrades for U.S.-listed shares as analysts tallied…
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Tether executives facing federal criminal probe; reports
Executives at Tether International, the company that issues the digital currency tether , are facing a federal criminal probe into…
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$30bn merger between Aon and Willis Towers Watson axed
Aon and Willis Towers Watson said they have agreed to terminate their roughly $30bn deal and end litigation with the Justice Department, which alleged…
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A Space Company’s Wall Street Launch Misfires
WASHINGTON—A space-transportation company trying to go public didn’t tell potential investors that its satellite-hauling technology failed, that it lost contact…
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Opinion: This is the tipping point for when people vaccinated against COVID-19 should mask up again indoors
With the highly infectious delta coronavirus variant spreading at an alarming rate, the World Health Organization in late June 2021 urged people to again…
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U.S. not out of the woods with COVID cases rising in all 50 states, CDC head warns, urges unvaccinated to get their shots
The U.S. is not out of the woods yet as COVID-19 cases are rising in all 50 states, driven by…
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FCA staff receiving stress-related counselling triples in ‘challenging’ pandemic year
The numbers of Financial Conduct Authority staff receiving counselling for “work or external stress” tripled during the first year of a…
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Biden says COVID-19 fast becoming pandemic of unvaccinated, hopes children under 12 can join program ‘within months’
The coronavirus pandemic is fast becoming one for those people who have not yet gotten vaccinated, a frustrated President Joe…
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The FDA may not fully approve a COVID-19 vaccine until January. Here’s why
It looks as though the first full approval of a COVID-19 vaccine will happen by January at the latest, according…
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The FCA planned to double its Scottish workforce by now. Here’s why it missed its target
Headcount in the Financial Conduct Authority’s Scottish office jumped by only 18% in the two years after the watchdog’s 2019…
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View: Is Brussels taking dirty money seriously?
Preventing and combating money laundering and terrorist financing has been on the EU’s agenda for more than 30 years. The…
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Delta variant of SARS-CoV-2 is now in 124 countries and will likely be dominant strain globally within months, says WHO
The highly transmissible delta variant of SARS-CoV-2, the coronavirus causing the disease COVID-19, is now present in 124 countries and…
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U.S. warns travelers to avoid U.K. as long as delta variant of COVID is rampant, and study finds India death toll likely 10 times higher than official count
One day after the U.K. lifted its COVID-19 restrictions and allowed its citizens to gather maskless in bars, restaurants and…
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Greensill scandal spotlights risks of non-bank finance sector
The Greensill Capital scandal has shone a spotlight on the risks involved with non-bank firms spreading into areas of finance…
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U.K. drops COVID restrictions against advice of experts, and delta variant drives cases higher across the U.S.
The global tally of confirmed cases of COVID-19 climbed above 190.5 million on Monday, as the U.K., against the advice…
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Lawmakers and accountants lobby for solid crypto accounting rules
Accountants and lawmakers are urging standard-setters to fill a void and write concrete rules telling companies how to account for…
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China Sends State Security, Police Officials to Didi for Cybersecurity Probe
SINGAPORE—China sent regulators including state security and police officials to Didi Global Inc.’s DIDI -3.16% ride-hailing business on Friday as…
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Lordstown Motors Discloses Justice Department Investigation as Truck Launch Looms
Electric-truck startup Lordstown Motors Corp. RIDE -3.94% confirmed the Justice Department is probing its business, investigating matters related to its…
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Tougher crypto regulation in sight as banking regulator calls for new capital rules
Cryptoasset holders could soon face tougher capital rules after a top banking regulator raised financial stability concerns around the digital…
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Law firm Charles Russell Speechlys pursues celebrity fintech Lanistar over unpaid debt
Celebrity fintech Lanistar is being pursued by a law firm over an unpaid debt, marking the latest blow in a series…
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Regulators tell banks it is time to start using SOFR and ditch Libor
Regulators are ramping up efforts to end Libor trades by the end of the year. The Commodity Futures Trading Commission…
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Bank of England’s Bailey: Crypto won’t get a ‘free pass’ on innovation
Bank of England governor Andrew Bailey has warned that cryptoasset firms will not get a “free pass” to innovate from regulators,…
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COVID-19 cases now rising in all 50 states, as global tally tops 189 million
The global tally of confirmed cases of COVID-19 climbed above 189 million on Friday, as the highly transmissible delta variant…
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Binance abandons crypto tokens pegged to listed stocks
Cryptocurrency exchange Binance has stopped offering digital tokens tied to the value of listed equities, amid wider regulatory scrutiny of…
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Binance targeted by Italian regulator as global crypto scrutiny heats up
Italian banking regulator Consob has warned consumers that Binance is not authorised to conduct regulated investment services and activities in…
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U.S. COVID-19 cases more than double in two weeks as delta variant spreads fast, and WHO warns ‘pandemic nowhere near finished’
The number of new cases of COVID-19 in the U.S. has more than doubled in the last two weeks, as…
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City firms given ‘how to be inclusive’ guide for managers
Financial services firms should gather data on their employees’ faith, sexual orientation and socio-economic background in order to create a…
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Powell’s future in question as Warren blasts Fed for being too easy on the biggest banks
Two leading Senate Democrats on Thursday were sharply critical of Federal Reserve Chairman Jerome Powell’s record as a bank regulator,…
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FCA Brexit bill hits £10m as watchdog pledges not to undercut EU standards
The UK’s departure from the EU is set to cost its financial regulator some £10m in 2021/22, according to its…
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FCA to warn investors of cryptocurrency risks in £11m marketing campaign
The Financial Conduct Authority is spending £11m on a digital marketing campaign to warn investors over the risks of putting…
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City watchdog to recruit 100 staff to toughen up entry requirements for UK markets
The Financial Conduct Authority is set to toughen up its regulatory requirements for new entrants to UK markets. The watchdog…
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FCA suspects insider dealing in almost 25% of activity in 2020
The Financial Conduct Authority found examples of possible insider dealing in 21.9% of the activity it monitored in 2020, up from 17.5%…
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Legal & General chair Sir John Kingman blasts government over neglect of audit regulator
The chairman of Legal & General Sir John Kingman has said it is “indefensible” that audit regulator the Financial Reporting…
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WHO head slams countries for ordering millions of COVID booster shots, when much of the world has not even vaccinated the most vulnerable
The head of the World Health Organization slammed countries and regions that are ordering millions of booster doses of COVID-19…
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Binance suspends sterling withdrawals following partner exit
Cryptocurrency exchange Binance has suspended withdrawals in sterling again, after one of its key partners terminated its agreement with the…
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Only five London bankers fired in wake of conduct rules — ‘Those are very, very low numbers’
Just five senior bankers in the UK have been fired for “disciplinary reasons” in the five years since the introduction…
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EU set to delay digital levy plans as G20 backs global tax deal
The EU is set to push back plans to introduce a levy on large internet companies, following the endorsement of…
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