Political/General News
- Finance
Trading Places: Refinitiv boss steps down, Kay Swinburne’s new gig, Deutsche Bank’s Brexit moves
Refinitiv’s chief executive David Craig is to step away from his role at the London Stock Exchange Group at the…
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Americans had a spending bash after getting their stimulus checks. They sobered up in April
The numbers: After a stimulus-fueled binge, Americans pruned their spending in April and kept a sizable amount of savings on…
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Police crack down on illegal crypto mine in West Midlands raid
Police investigating what they thought was a cannabis farm instead uncovered a major cryptocurrency mining operation, which was illegally siphoning…
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Robinhood customer protection case can go ahead, Judge rules
A Massachusetts judge gave state securities regulators a green light to proceed with their case against Robinhood Financial, ruling that…
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Ex-Fieldfisher partner faces tribunal over allegedly backdating documents
A former real estate partner at law firm Fieldfisher is facing a disciplinary tribunal after allegedly backdating documents and signing…
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Brace for more shareholder fights after ‘major shift in power’ against oil giants
Shareholder battles that have rocked two of the world’s biggest oil companies are expected to spill over to other sectors,…
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Hancock: Cummings’ ‘unsubstantiated’ dishonesty allegations are ‘not true’
The UK’s health secretary Matt Hancock has said allegations that he lied about the government’s approach to managing the Coronavirus pandemic were…
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Climate Ruling Could Force Big Change at Shell
To comply with a Dutch court order to cut carbon emissions, Royal Dutch Shell RDS.A -0.82% PLC may have to…
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Pending home sales sink as the housing market falls back to Earth
The numbers: An indicator of existing-home sales fell in April, suggesting that the housing market could be cooling in the face…
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U.S. investors are pouring money into European stock funds
U.S. investors have stepped up their purchases of European stocks — even as performance this year has been neck-and-neck with…
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China slams Biden for investigation of coronavirus origins as WHO says Africa urgently needs 20 million AstraZeneca doses
The global tally of confirmed cases of COVID-19 rose above 168 million on Thursday, as China hit back at President…
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Mortgage rates drop back below 3% — here’s how much Americans could save by refinancing
Benchmark mortgage rates again dropped below 3%, giving Americans yet another opportunity to refinance, and lock in historically low financing.…
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10-year Treasury yield rises back above 1.60% as investors weigh data, $6 trillion budget proposal
U.S. Treasurys sold off and yields climbed on Thursday as economic reports on balance confirmed a healthy economic recovery from…
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Celebrity fintech Lanistar breaches advertising rules as ‘misleading’ security claims continue
Promotions by fintech startup Lanistar claiming its payments cards were “the world’s most secure” were misleading and must not be made again,…
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Johnson was urged to promote ‘chicken pox’ parties for Covid-19 herd immunity, claims Cummings
Prime Minister Boris Johnson was urged by cabinet secretary Mark Sedwill to tell the British public to hold “chicken pox…
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Alan Dershowitz sues Netflix over portrayal in Jeffrey Epstein series
MIAMI — Attorney and Harvard law professor Alan Dershowitz is suing Netflix for $80 million over his portrayal in the…
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Tougher audit standards fall short on fraud, shareholder group says
Tougher new standards for auditors to detect fraud are a “mixed bag”, shareholder advisory group Pirc has said. The Financial…
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Police sound warning over social media sites driving scam investments
Investors have lost £63m to scammers flogging fraudulent investments on social media apps during the pandemic, The City of London…
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US banking chiefs grilled over pay gap between execs and employees
WASHINGTON — The chief executives of the six largest US banks drew fire from both Republicans and Democrats at a…
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Bayer to Rethink Roundup Formula for U.S. Consumers
Bayer AG said it will evaluate whether to continue using the active ingredient in its popular Roundup weedkiller in the…
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Shooter kills 8 at San Jose, Calif., light-rail maintenance yard
SAN JOSE, Calif. (AP) — An employee opened fire Wednesday at a California rail yard serving Silicon Valley, killing eight…
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Oil Giants Are Dealt Major Defeats on Climate-Change as Pressures Intensify
Exxon XOM 1.17% Mobil Corp. and Royal Dutch Shell RDS.A 0.38% PLC suffered significant defeats Wednesday as environmental groups and…
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Taiwan criticizes China over Pfizer vaccine deal, and Wuhan lab theory irks Beijing
Tensions between Taiwan and Beijing flared on Wednesday when Taiwanese President Tsai Ing-wen accused China of blocking a deal Taipei…
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Downing Street sidesteps questions on whether PM planned to sack Hancock
The prime minister’s spokesperson has declined to deny that Boris Johnson contemplated firing health secretary Matt Hancock in early 2020…
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‘So much burnout, so many divorces, so much alcohol abuse’ — the deals boutique trying to end long-hours culture
Lockdown has catapulted the issue of long hours in the City to the top of the agenda, with tales of…
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Government feared lockdown would trigger bond market collapse, Cummings says
The UK government was scared the bond markets could turn against them if they went into a coronavirus lockdown, the…
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‘Meme stock’ ETF targets retail investor boom
An exchange-traded fund that offers investors exposure to meme assets, and all the trending investments that social media has to…
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Dominic Cummings says he would have put a ‘dictator’ with ‘kingly powers’ in charge of Covid-19 response
The Prime Minister’s former adviser Dominic Cummings said he would have put an official with dictatorial powers in charge of…
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ENRC case against Dechert and SFO ‘the stuff of conspiracy theories’, lawyers claim
A case brought by mining company Eurasian Natural Resources Corporation against Dechert and one of its ex-partners is the “stuff of…
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US banking chiefs to urge need for controls in cryptocurrency sector
The chief executives of major US banks including Citigroup and Bank of America have expressed their caution about cryptocurrencies in written…
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How to find your lost 401(k) and other retirement accounts
Between job changes, growing families, maybe even cross-country moves, losing access or forgetting about a retirement account is completely plausible.…
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There’s a new ETF for stock-market FOMO
An exchange-traded fund that offers investors exposure to meme assets, and all the trending investments that social media has to…
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EU expects to take delivery of 1 billion COVID-19 vaccine doses by the end of September, agrees on digital certificate for travelers
The European Union, which has been lagging in getting its 450 million citizens vaccinated against COVID-19, expects to take delivery…
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Will we need COVID-19 booster shots? Increasingly, the expectation is yes
It looks like Americans may need to roll up their sleeves for a COVID-19 booster shot, though vaccine makers and…
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Ex-Dechert lawyer ‘threw his client under the bus’ to salvage ties with SFO, court hears
A former Dechert lawyer decided to “throw his client under the bus” to protect his relationship with the Serious Fraud…
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The economic cost of racial inequity at work put at $58.7bn per year
A year after George Floyd’s killing turned racial inequity and justice into a key theme for policing, politics and business,…
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Covid has bolstered the fintech revolution — and criminals’ opportunities
Markets are changing — and fast. The tech revolution in finance is only picking up speed and the Covid-19 pandemic…
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Ex-Dechert partner in ENRC v SFO case motivated by ‘money and greed’, court hears
A white-collar crime lawyer has been accused of inciting the Serious Fraud Office into investigating his client ENRC to ramp up…
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NYC schools to be 100% in-person this fall with no remote option, De Blasio announces
New York City schools will be all in person this fall with no remote options, Mayor Bill de Blasio announced…
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WHO head slams ‘scandalous inequity’ in COVID vaccines with 10 countries accounting for 75% of doses administered
The head of the World Health Organization slammed wealthy countries for a “scandalous inequity” in COVID-19 vaccines that is prolonging…
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Apple v. Epic: It’s closing argument time in blockbuster trial
Three weeks, more than a dozen witnesses, and hundreds of exhibits later, Apple Inc. and Epic Games Inc. are making…
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These are the UK’s wealthiest hedge fund managers in 2021
For the City, the last 12 months proved to be a record year in minting new billionaires, as Britain created…
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Kay Swinburne appointed chair of International Regulatory Strategy Group
Vice chair of financial services for KPMG Kay Swinburne has been appointed to chair the International Regulatory Strategy Group. Swinburne, a…
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Largest U.S. Pension Slashed Positions in Alibaba, Palantir, and GameStop. Here’s What It Bought.
Calpers sold nearly all its investment in Alibaba, and halved positions in Palantir and GameStop stock. Greg Baker/AFP via Getty…
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EY staff to spend two days a week at home under new hybrid working plan
Big Four accountancy firm EY has told its staff to expect to spend two days a week working from home…
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Oil higher, taking cue from stock market as dollar weakens
Oil futures were higher Monday, with crude taking a cue from a positive tone for equities and a softer U.S.…
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ENRC opens £70m ‘leaks’ claim against SFO and Dechert in London court
Eurasian Natural Resources Corporation is set to claim that the UK’s Serious Fraud Office committed serious failures in its efforts to pursue a criminal…
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Tom Hayes to join corporate intelligence agency
Convicted Libor rigger Tom Hayes has joined corporate intelligence agency Red Mist. Hayes, who is awaiting a decision from the…
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Citigroup lays out plans for staff return to Canary Wharf
Citigroup will up the number of staff coming into its Canary Wharf headquarters from 21 June, on the back of…
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Green Finance Goes Mainstream, Lining Up Trillions Behind Global Energy Transition
Some of the world’s biggest companies and deepest-pocketed investors are lining up trillions of dollars to finance a shift away…
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