breaking business news
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Greensill Capital planning insolvency amid deal talks with Apollo
Embattled financial startup Greensill Capital plans to file for insolvency in the UK this week, as it simultaneously moved toward…
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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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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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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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City hedge fund manager’s suicide indicative of wider sector Covid stress
A hedge fund manager who took his own life last year was experiencing high stress amid a tough time for…
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‘Before Covid, WFH was seen as a day at the golf course’: How the pandemic changed the City forever
On a cold, wet morning on 5 March 2020 around 100 equity research analysts were ushered down a fire escape…
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Goldman Sachs creates new London team to capitalise on Spac boom
Goldman Sachs has shifted two of its most senior equity bankers in London into a new team that will look…
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An apprenticeship FAQ: What employers need to know about talent development
Technologies such as automation and artificial intelligence are influencing jobs and workflows across every major industry. However, businesses that want…
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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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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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Jane Fraser tasked with refreshing Citigroup
Jane Fraser wants to simplify Citigroup the original megabank. That won’t be easy. On 1 March, Fraser took over as chief executive…
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Treasury calls for higher corporation tax for ‘unsustainable’ public finances
The Treasury Committee has called for an increase in corporation tax to address the “unsustainable public finances”. The group of…
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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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London’s left behind as England’s 15 least vaccinated areas located in the capital
The 15 areas in England to have vaccinated the lowest proportion of adults so far are all in London. The…
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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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‘We would have to resist very firmly’: BoE’s Bailey braces for €84tn Brexit battle for London’s derivatives crown
The Bank of England governor Andrew Bailey issued a warning about how the Brexit battle for London’s financial crown could…
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Unemployment claims dropped last week as coronavirus cases eased.
New claims for unemployment fell last week, the government reported on Thursday, the latest sign that the labor market’s recovery,…
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The business case for expanding apprenticeships: Federal and employer perspectives
Apprenticeships are an overlooked solution in the United States for increasing access to quality jobs and expanding the pool of qualified talent. As an…
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Atom Bank sets sights on IPO by 2023 amid £40m fundraising
British challenger Atom Bank has said it plans to go public within the financial year 2022-23 as it nears profitability…
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Linklaters set to become second Magic Circle law firm to elect female senior partner
Linklaters looks likely to become the second Magic Circle law firm to have a woman lead the firm as senior…
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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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Amid Shortfalls, Biden Signs Executive Order to Bolster Critical Supply Chains
WASHINGTON — Automakers have been forced to halt production because of a lack of computer chips. Health care workers battling…
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Powell Says Better Child Care Policies Might Lift Women in Work Force
Jerome H. Powell, the Federal Reserve chair, suggested on Wednesday that improved child care support policies from the government might…
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Biden Looks to a Consensus Builder to Heal a Democratic Rift on Trade
WASHINGTON — The negotiations lasted late into the evening, leaving some members of Congress shouting and pounding the table in…
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Bank of America names Berendes, Brabazon new M&A leaders in Europe
Bank of America has shaken up the leadership of its mergers and acquisitions team in Europe amid global surge in…
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Mandatory gender pay gap reporting to restart from October
Companies will have to resume reporting their gender pay gap reporting from October 2021, the Equality and Human Rights Commission…
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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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Lloyds resumes dividends, posts lower profit
Lloyds Banking Group said it would resume dividend payments for shareholders as it posted its annual results with £792m in pretax…
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Powell Focuses on Economic Need at Key Moment in Markets and Politics
The American economy remains far from healed and the Federal Reserve is in no hurry to dial back its support,…
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Powell Focuses on Need at Delicate Moment in Markets and Politics
The American economy remains far from healed and the Federal Reserve is in no hurry to dial back its support,…
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No New Taxes in N.J. as Pandemic Forecast Turns ‘Less Bad’
“Even as we continue to confront the pandemic’s challenges, we cannot — and we will not — sit still,” the…
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Roadmap to lift UK’s third lockdown: Here’s the timeline plus what you can and can’t do
Prime Minister Boris Johnson has set out plans to “cautiously but irreversibly” lift the UK out of its third national lockdown,…
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Working from home set to continue until June under lockdown exit roadmap
Mass working from home will continue until June at the least under a roadmap to exit lockdown laid out by…
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Bitcoin fall pushes Jeff Bezos to overtake Elon Musk as world’s richest man
Elon Musk no longer holds the title of the world’s richest man after Tesla’s shares dropped 8.6% on February 22,…
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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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What the Bond Market Is Telling Us About the Biden Economy
What is happening is known as a “steepening of the yield curve,” with long-term rates rising as short-term rates hold…
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Here’s who will decide on Tom Hayes’ final battle to quash his Libor conviction
A barrister specialising in counter-terrorism has been tasked with deciding on the next steps in the case of convicted Libor…
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Signal sees ‘record pace’ of new users as WhatsApp goes ahead with controversial privacy update
New users are flocking to the encrypted messaging app Signal “at a record pace”, as WhatsApp pushes forward with a controversial…
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Billionaire fund manager Alan Howard takes stake in British bitcoin startup
Billionaire hedge fund mogul Alan Howard and a selection of current and former Goldman Sachs partners are among the backers…
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Tesla’s Elon Musk says bitcoin is a better investment than cash
Billionaire Elon Musk has said bitcoin is a better investment than owning fiat currency — but only just. Following his…
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NatWest Markets pays nearly £60m to handful of top traders
NatWest Markets paid out nearly £60m to a handful of top employees in its sales and trading unit, even as the…
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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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Biden gets 62% approval in CNBC economic survey, topping first ratings of the last four presidents
President Joe Biden is on the best presidential honeymoon going back at least to Bill Clinton in 1993. A special…
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Coronavirus cases in London drop to 1 in 125 positive tests in mid-February
One in 125 people in London tested positive for Covid-19 on 12 February, the Office for National Statistics estimated in…
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Tanden’s Confirmation on Shaky Ground as More Senators Voice Opposition
WASHINGTON — Neera Tanden, President Biden’s nominee to head the Office of Management and Budget, suffered a significant setback on…
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Retail sales expected to be strong in January, helped by stimulus checks
A woman carries Nike shopping bags at the Citadel Outlet mall, as the global outbreak of the coronavirus disease (COVID-19)…
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The great dividend reset means yields will now be more sustainable
For UK income investors, last year might seem to have been nothing short of a calamity. The dividend pool for…
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2.5 Million Women Left the Work Force During the Pandemic. Harris Sees a ‘National Emergency.’
Child care remains an issue for working mothers, and it was a major theme of the round table on Thursday.…
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Airbnb Is Driving Hosts Elsewhere With Costly Pandemic Policies
Another host, Anthony Farmer, filed a proposed class-action lawsuit against Airbnb in U.S. District Court for the Northern District of…
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Overcoming bias in small business relief in Colorado
Summary Nearly 11 months into the COVID-19 pandemic, the small businesses that are a crucial part of powering local economies…
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