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Low-paid women have been hurt most by the recession, and they risk being left behind by the recovery
Breadcrumb Trail Links Economy The math suggests a disproportionate number of women are on a path to long-term unemployment Author…
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Treasury to Invest $9 Billion in Minority Communities
WASHINGTON — The Biden administration unveiled a plan on Thursday to invest $9 billion in minority communities, taking an initial…
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Schroders boss says Spacs will help City ’embrace new world’
Peter Harrison, chief executive of FTSE 100 listed asset manager Schroders, says proposals designed to encourage international companies to list in…
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Spacs in the UK? Everything you need to know about Lord Hill’s IPO and listing review
Lord Hill’s review of the UK’s listing regime has recommended a series of reforms aimed at making the UK a…
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BDC Snapshots: Intra-regional economic integration would boost Maghreb economies
The economic implications of the coronavirus pandemic have raised questions about the prospects for economic integration within the Maghreb, which…
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Credit Suisse spotted early signs of trouble brewing at Greensill Capital
Credit Suisse Group knew since 2019 that supply-chain finance funds it ran with Greensill Capital were too reliant on a…
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Budget tax hike threatens plan for City post -Brexit fightback
Imagine you are the European boss of a US financial firm based in Canary Wharf. Post Brexit you are wrestling…
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City of London Corporation launches fleet of electric bin lorries
The City of London Corporation will run a full fleet of electric refuse collection vehicles. In a 4 March statement,…
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Here’s what City firms make of the Budget
UK Chancellor Rishi Sunak has delivered a budget that he said is designed to “protect jobs and the livelihoods of…
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KPMG UK agrees sale of restructuring unit in PE-backed management buyout
KPMG UK has agreed to sell its restructuring unit in a management buyout backed by private equity firm H.I.G. Europe.…
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Hong Kong won’t appeal ex-JPMorgan banker bribery acquittal
The Hong Kong government won’t appeal the acquittal of an ex-JPMorgan banker accused of bribery after offering a job to…
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New Citi CEO Jane Fraser unveils net-zero targets on first day at the helm
Citigroup chief executive Jane Fraser has used her first day at the helm of the US bank to unveil ambitious…
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Deloitte agrees to pay Malaysia $80m to settle 1MDB claims
Accountancy firm Deloitte PLT has agreed to pay the Malaysian government $80m to settle claims relating to its auditing of…
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Return-to-Office Plans Are Set in Motion, but Virus Uncertainty Remains
A year and a pandemic ago, over 100,000 people filled the central business district in Charlotte, N.C., pouring out of…
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What the recovery from the Great Recession reveals about post-pandemic work and cities
Since the onset of COVID-19 pandemic, there has been ongoing debate about the future of cities in a post-pandemic world,…
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The record boom in blank-cheque firms could make 2021 the year of the Spac
The boom in special purpose acquisition companies – or Spacs – is set to continue and this year looks on…
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JPMorgan to opt for ‘carrots and sticks’ approach to vaccine, says CEO Jamie Dimon
JPMorgan will not make a Covid-19 vaccination mandatory but will take a “carrots and sticks” approach to vaccines and the…
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Amazon Workers’ Union Drive Reaches Far Beyond Alabama
Players from the National Football League were among the first to voice their support. Then came Stacey Abrams, the Democratic…
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Warren Revives Wealth Tax, Citing Pandemic Inequalities
WASHINGTON — Senator Elizabeth Warren, Democrat of Massachusetts, introduced legislation on Monday that would tax the net worth of the…
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Softbank agrees $1.6bn settlement with ex-WeWork boss Adam Neumann, others
Softbank has announced it has reached a $1.6bn settlement to a lawsuit brought against it by ex-WeWork chief executive Adam…
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Greensill Capital faces possible insolvency after Credit Suisse suspends investment funds
Greensill Capital is headed toward a rapid unraveling after Credit Suisse Group suspended $10bn of investment funds that fuelled the…
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Six cases of Brazil variant detected in the UK: Here’s what you need to know
The UK’s health officials are desperately trying to locate an individual who was infected with a strand of the coronavirus…
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Timeline of the collapse of London Capital & Finance
The ramifications of the now-collapsed mini-bond investment firm London Capital & Finance are still being felt across the City. As…
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How Can Biden Bring Back Manufacturing Jobs? Weaken the Dollar
Dr. Gagnon estimates that as a result of these forces, the dollar was 10 to 20 percent above its expected…
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Credit Suisse suspends $10bn in funds tied to Greensill
Credit Suisse said it suspended a group of private investment funds tied to supply-chain finance assets created by SoftBank-backed specialty-finance company Greensill…
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HSBC cuts staff and shakes up executives in London equities unit
HSBC is overhauling its equities trading unit in London, cutting jobs and shifting senior UK-based staff to Paris or Hong…
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The program that could revitalize both red and blue America
Just one month into his term, President Joe Biden faces challenges on multiple fronts. Quelling the COVID-19 pandemic. Delivering on…
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Income and Spending Gains Are Latest Sign of Economic Recovery
Personal income was up a remarkable 10 percent in January, the Commerce Department reported on Friday, but the increase was…
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Kalifa Review: All you need to know about the UK’s 106-page fintech report
Greater government oversight, hand-holding by regulators and a £1bn growth capital fund must be considered at pace if the UK…
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BA owner calls for digital vaccine passports to kickstart travel, boost ailing industry
The International Airlines Group, which owns British Airways, has called on the government to introduce digital Covid-19 vaccine passports so…
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Jupiter assets reach new record, despite investors pulling £4bn
Jupiter Fund Management suffered net outflows of £4bn last year, despite the FTSE 250 group posting an increase in profits and a…
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Biden’s Pick for Trade Representative Promises Break With Past Policy
WASHINGTON — Katherine Tai, President Biden’s pick for United States trade representative, promised lawmakers during her confirmation hearing on Thursday…
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Vanguard, BlackRock singled out for $170bn coal exposure
Vanguard and BlackRock, the world’s two largest asset managers, have been singled out for having the highest exposure to the…
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HSBC shrinks bonuses for London investment bankers by up to 20%
Investment bankers in HSBC’s London operations have seen bonuses decline by as much as 20%, as the UK lender has…
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Covid has ravaged the UK’s finances — can Chancellor Rishi Sunak fix this?
Balancing the UK’s fiscal policies over the next year will be an unforgettable challenge for Chancellor Rishi Sunak. The keeper…
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Chuka Umunna calls out UK investment body over ethnic diversity push
The Investment Association has been called out for a lack of ethnic diversity on its board, after itself urging some…
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Pay slashed for StanChart chief Bill Winters amid missed targets, 40% profit drop
Standard Chartered has announced a dividend and share buyback scheme amid falling profit, along with a cut to the chief executive’s…
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AXA takes €1.5bn hit from Covid-19 claims
Insurance giant AXA took a €1.5bn hit due to claims as a result of the global pandemic that took hold…
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Investing heavyweights managing $21tn see FOMO driving bitcoin to $100k by year-end
Some of the world’s largest investors have indicated bitcoin is in bubble territory, with almost 30% predicting frenzied speculation will…
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JPMorgan and Sutton Trust launch $4.8m bursary fund for low-income students
US investment bank JPMorgan Chase and the Sutton Trust have launched a £4.8m bursary fund for university students to improve…
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Here’s why London is still a favourite for the world’s richest
The wealthiest individuals in the world still have London in their sights for prime property, lifestyle and business investment options.…
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How New Jersey Averted a Pandemic Financial Calamity
“Even as we continue to confront the pandemic’s challenges, we cannot — and we will not — sit still,” the…
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December home prices rose 10.4%, the biggest gain in 7 years, Case-Shiller says
A houseÕs real estate for sale sign shows the home as being Òunder contractÓ in Washington, DC, November 19, 2020.…
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Tesla’s $1.5bn crypto bet triggers companies to explore bitcoin
Companies are starting to express interest in bitcoin as a long-term investment, following in the footsteps of listed giants such…
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Wells Fargo strikes $2bn deal to offload asset management business
Wells Fargo, the US-headquartered bank, has struck a deal to offload its asset management arm in a transaction worth $2.1bn.…
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Standard Life Aberdeen paves way for rebrand after fresh deal with Phoenix
Standard Life Aberdeen, the FTSE listed asset manager, has sold the Standard Life moniker to UK insurer Phoenix Group —…
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Fed Chair Powell says rates will stay low for a while, citing bleak jobs picture
Federal Reserve Chairman Jerome Powell on Wednesday painted a dour picture on the state of U.S. employment, saying continued aggressive…
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EU set to allow personal data swap with UK in rare post-Brexit win for City
European policy-makers are set to allow data to continue to be transferred between the UK and the EU — a welcome…
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Fed’s Bullard doesn’t see asset bubble and doubts policy will tighten soon
St. Louis Federal Reserve president James Bullard said Tuesday that he doesn’t see a bubble in asset prices and doubts…
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How a $15 minimum wage could help restaurants and other hard-hit small businesses
A funny thing happened on the Senate floor in the wee hours of February 5. As senators worked through a…
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