Finance
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Back to the office — Here’s what we know about who’s going back and when
That’s the official UK government line before the fourth and final step of its road map come 21 June, when the Prime Minister…
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Linklaters elects first female senior partner as Comiskey wins leadership race
Linklaters has elected global corporate head Aedamar Comiskey as its new senior partner, becoming just the second Magic Circle law…
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Two tales of a city: How middle-class Shanghai reveals China’s unsettled future
The rapid emergence and explosive growth of the Chinese middle class is one of the world’s most stunning developments. At…
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Lex Greensill: I take ‘full responsibility’ for my firm’s collapse
Lex Greensill, founder of the eponymous supply chain finance firm Greensill Capital, apologised for the company’s collapse and took full responsibility…
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For Clean Energy, Buy American or Buy It Quick and Cheap?
In January, Patricia Fahy, a New York State legislator, was celebrating a new development project for the Port of Albany:…
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Job openings leaped above 8 million in March, a new record high
A help wanted sign is displayed in the window of a Brooklyn business in New York. Spencer Platt | Getty…
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FCA staff back management despite recent crises
FCA staff say they are a third more likely to go the extra mile than before the pandemic, according to…
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City tube travel crashes 90% amid Covid crisis
Footfall across the City’s tube stations has crashed to as little as 10% of its pre-crisis level, figures provided to…
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Can central bank digital currencies and bitcoin co-exist?
Bank of England boss Andrew Bailey recently said cryptocurrencies hold no intrinsic value, and warned investors to buy them “only…
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As the U.S. economy restarts from the pandemic, parts of it are severely broken
A worker operates a forklift to move bundles of Hampton lumber for a shipment order at Burton Lumber in Salt…
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Cameron only concerned about Greensill as late as December, inquiry hears
Former Prime Minister David Cameron has said that he first became concerned that Greensill Capital might be in “serious financial…
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Jamie Dimon’s Zoom fatigue is a sign home-working backlash is coming
Jamie Dimon has had enough of Zoom, and he’s not the only one. The JPMorgan boss said he’s keen to…
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Just 3% of asset manager CEOs are female – report
Among the world’s 50 biggest asset managers, just 3% of chief executive officers are women, a report by recruitment firm Heidrick…
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UBS to pay analysts a $40k promotion bonus as junior talent war increases
UBS is paying its junior bankers a one-off bonus of $40,000, nearly double some of its rivals, as investment banks…
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Junior bankers at Stifel to get a $10,000 bonus, even if they quit
Independent investment bank Stifel is offering analysts a $10,000 “appreciation” bonus, even if they have already announced their resignation, in…
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Symphony new CEO Brad Levy on how 100-hour weeks at Goldman set him apart
Brad Levy has big changes planned for Symphony, the $1.4bn financial communications provider he is soon to take over. With…
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Elon Musk is thinking of taking dogecoin as payment for Tesla cars
Eccentric billionaire Elon Musk is considering accepting dogecoin as payment for products at electric car firm Tesla, months after introducing…
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Biden Defends Unemployment Benefits, Provided Workers Accept Job Offers
WASHINGTON — President Biden ordered the Labor Department on Monday to ensure that unemployed Americans cannot draw enhanced federal jobless…
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Goldman juniors’ 100-hour weeks and the plight of young bankers — Here’s what you need to know
It all started with an explosive leaked survey from 13 Goldman Sachs analysts, whose complaints of shocking workloads and brutal…
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I.P.A. Signing Bonuses and Free Subs: Luring Labor as a Beach Economy Booms
REHOBOTH BEACH, Del. — Dogfish Head Craft Brewery is struggling to hire manufacturing workers for its beer factory and staff…
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Infrastructure plan should cost up to $800 billion, McConnell says ahead of Biden meeting
Senate Minority Leader Mitch McConnell speaks to reporters after the Senate Republican lunch on Capitol Hill in Washington, March 23,…
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Restaurants are ‘sucking wind’ but fighting back to reopen amid a worker shortage
View of the Prohibition Taproom in Philadelphia. Owner Michael Pasquarello, who owns two other establishments in the city, is optimistic…
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Biden urges employers to boost wages but warns workers they’ll lose unemployment pay if they reject jobs
US President Joe Biden speak about the Covid-19 response and the vaccination program in the State Dining Room of the…
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‘Stars aligning’ for boom in law firm IPOs in white hot London market
Deliveroo’s flopped IPO and concerns about restrictive listing rules in London have led to fears that the City could be…
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The Biden administration will begin disbursing $350 billion in state and local aid this month.
The Biden administration will begin deploying $350 billion in aid to state and local governments this month, a significant step…
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City risks losing tech IPO battle to New York, report warns
The UK must take urgent steps to improve London’s attractiveness as a destination for tech company listings over New York, a…
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Should investors care about crypto? Here’s what the experts say
Cryptocurrencies have continued their meteoric rise in recent weeks, with alternative players such as ether and dogecoin gaining ground on…
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UK lockdown roadmap: Green light for Step 3 — here’s what’s next
The government has confirmed that the UK will move on to the next stage of its economic reopening. Under Step…
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Government sells down another 5% of NatWest stake
The Treasury is selling down another 5% of its stake in NatWest Group. The bank remains majority state-owned, but the…
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Kirkland & Ellis poaches Clifford Chance private equity star
Kirkland & Ellis has hired Clifford Chance private equity rising star Gregory Scott as a partner in its London office. Scott…
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Jefferies hires two Deutsche Bank veterans amid Spac boom
Jefferies has hired two senior Deutsche Bank equity dealmakers, another sign that competition for talent in the sector is heating…
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Activist Bramson sells entire 6% stake in Barclays
Activist investor Sherborne Investors has sold its entire stake in Barclays, ending a three-year battle with the UK lender’s chief…
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Pharma investors scoff at Covid vaccine patent waiver: ‘We are not convinced’
Fund managers holding healthcare and pharmaceutical stocks have questioned the US government’s decision to support a waiver on Covid vaccine…
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UBS exploring offering cryptocurrencies to wealthy clients
UBS is looking into offering its wealthy clients access to cryptocurrency investments, in the latest example of a large bank…
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Here are the odds on dogecoin hitting $5, despite Elon Musk’s ‘hustle’ remark
The likelihood of dogecoin surpassing $5 in value by the end of this year is increasing, jumping week-on-week despite a…
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Goldman Sachs: Buy the return-to-office boom
Investors should keep their eyes on office developers as staff begin returning to the workplace, Goldman Sachs has said. The return to…
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Housing mania requires tough decisions, something the government can’t be trusted to make
Breadcrumb Trail Links Economy Kevin Carmichael: Trudeau and Freeland had the chance to finally overhaul a deeply flawed housing policy.…
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Societe Generale aiming for greater profit from investment bank division
Societe Generale SA is targeting a higher profitability for its global banking and investor solutions unit, which includes investment banking…
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The unsteady future of food manufacturing in Canada
Breadcrumb Trail Links News Economy For a country so rich in raw materials, untapped processing potential means untapped value. More…
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Complaint Accuses Mexican Factories of Labor Abuses, Testing New Trade Pact
WASHINGTON — The A.F.L.-C.I.O. and other groups plan on Monday to file a complaint with the Biden administration over claims…
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If you ‘sell in May’, stick around for the summer
Should you dump all your stock market funds on the first of May, go away, and come back again for…
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No recovery without ‘she-covery’: Women bear the brunt of latest jobs decline
Breadcrumb Trail Links News Economy Two-thirds of the 500,000 jobs yet to be reclaimed are women’s Author of the article:…
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Melinda Gates started divorce talks with lawyers in 2019
The split between Bill and Melinda Gates, announced last week, has been in the works for a long time. Gates…
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KPMG sued for more than £6m by property company
KPMG has reportedly been sued for more than £6m by property company Mount Anvil, which said it was hit with…
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Sadiq Khan wins second term in tight London mayor race
Sadiq Khan has emerged victorious in the race to become London’s next mayor. The Labour candidate received 40% in the…
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Boutique Bacchus Capital expands into North America with veteran dealmaker hire
A boutique advisor set up by the former head of European investment banking at Jefferies four years ago, is opening…
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Citigroup mulling crypto service for clients
US bank Citigroup is considering the introduction of cryptocurrency services as institutional interest in digital currencies increases. Itay Tuchman, the…
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UK to ease restrictions from 17 May – here’s what you can and can’t do
The government has confirmed that it plans to ease Covid restrictions on 17 May. In a press conference on Monday…
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UK adds 12 countries to travel ‘green list’ from 17 May
UK residents will be able to visit 12 countries or territories from 17 May without having to quarantine on return,…
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Seeing the Real Faces of Silicon Valley
By Mary Beth Meehan and Fred Turner Mary Beth Meehan is an independent photographer and writer. Fred Turner is a…
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