general news
- Market
Don’t stop believing in bonds
Given the current doom and gloom, with the occasional spell of relief, over interest rates rising, does it still make…
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I want to retire in ‘a liberal-thinking area’ on $3,000 a month, including rent — where should I go?
I would like to find a liberal-thinking area to retire on $3,000 a month, rent included. Hiking, biking and gardening…
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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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U.S. COVID death toll above 518,000 as Biden adds voice to outrage at Texas and Mississippi for reopening
The U.S. death toll from the coronavirus-borne illness COVID-19 climbed above 518,000 on Thursday, as President Joe Biden added his…
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Aviva plans to slash UK office space by up to 30% by end of 2021
UK insurer Aviva plans to cut up to 30% of its 1.7 million square feet office space across the UK.…
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U.S. unemployment claims rise slightly to 745,000 after Texas power outages
The numbers: The number of new applications for U.S. unemployment benefits rose slightly to 745,000 at the end of February,…
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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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Credit Suisse tells juniors to expense takeaways as deal boom makes all-nighters the norm
Investment banks are rolling out a new perk for juniors burning the midnight oil at home — free takeaways. Banks…
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Vaccine rollout helps end dry spell for UK equity fund inflows
Investment funds that invest specifically in UK-listed companies turned a corner in February, with the rapid rollout of Britain’s Covid…
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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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Budget 2021: Corporation tax will bite most profitable UK companies
Chancellor Rishi Sunak’s move to raise corporation tax to 25% from 19% by 2023 has been greeted with resigned acceptance…
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Wealth managers warn UK’s richest: A wealth tax is coming
Britain’s richest bankers and hedge fund managers should prepare now for the introduction of tax hits on their wealth to plug…
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House approves massive voting and ethics bill over GOP opposition
WASHINGTON — House Democrats passed sweeping voting and ethics legislation Wednesday over unanimous Republican opposition, advancing to the Senate what…
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House passes sweeping bill to overhaul policing
WASHINGTON — Cheered on by President Joe Biden, House Democrats hustled Wednesday to pass the most ambitious effort in decades…
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Opinion: If all you did was trade on this one behavior, you could make decent money in the stock market
After studying the stock market for many years, I have identified 14 unique stock market behavior patterns. Although the proprietary…
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Wall Street’s 20 favorite infrastructure stocks are expected to climb as much as 34% over the next year
Getting a C-minus grade usually isn’t good news, but it promises to be just that for investors looking to capitalize…
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Police uncover possible militia plot to breach Capitol this week
WASHINGTON (AP) — Capitol Police say they have intelligence showing a “possible plot” by a militia group to breach the…
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Budget 2021: UK economy will grow 4%
The UK’s economy is expected to grow 4% in 2021 and regain its pre-pandemic level in the second quarter of…
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Budget 2021: Five key takeaways for the City
The Chancellor of the Exchequer Rishi Sunak has delivered his Budget for 2021, announcing a raft of changes to ensure…
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Budget 2021: Sunak urges Bank of England to think ‘creatively’ to boost City post Brexit
Chancellor Rishi Sunak has asked the Bank of England to think “creatively” in ensuring the UK’s financial services industry remains…
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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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Financial services firms move £1.3tn out of UK since Brexit vote
Financial services firms have said they have moved £1.3tn from the UK to the EU since the 2016 Brexit referendum. Data…
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Vernon Jordan, activist and former Clinton adviser, has died at 85
ATLANTA (AP) — Vernon Jordan, who rose from humble beginnings in the segregated South to become a champion of civil…
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Neera Tanden is out as Biden’s OMB nominee
The White House will withdraw the nomination of Neera Tanden for director of the Office of Management and Budget, in…
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Lyft sees best week for rides since pandemic began, stock rises sharply
In the best sign yet of a recovery in ride hailing, Lyft Inc. said Tuesday that it saw its largest…
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Dr. Seuss is not canceled — but six of his books are being shelved over racist images
Dr. Seuss hasn’t aged well. The late Theodor Seuss Geisel, aka Dr. Seuss, was born 117 years ago this Tuesday.…
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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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25 stocks of companies backed by rapid earnings growth as the economy reopens
With the pace of new COVID-19 cases slowing, many investors expect economic growth to accelerate over the course of 2021.…
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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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Making the City best for business is more important than trade deals
The dramatic migration of share trading from London to Amsterdam and the foot-dragging by Brussels over granting UK access to…
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FOMO driving billionaire hedge fund boss Daniel Loeb to ‘deep dive’ into cryptos?
Daniel Loeb, chief executive of hedge fund Third Point, said he has been on a “deep dive” into cryptocurrency recently…
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Almost a quarter of companies will be net zero by 2030, say Fidelity analysts
Analysts working at investment giant Fidelity International, the $706bn asset manager, predict almost a quarter of all the companies they…
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Covid-19 is causing a ‘shecession’ as pandemic impacts gender equality at work
The pandemic is causing a “shecession”, as progress for women in work falls back to 2017 levels, a PwC report…
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Hyatt Hotels condemns ‘abhorrent’ hate symbols and ‘disrespectful’ CPAC guests following conservative conference
Looks like Hyatt might have reservations about hosting the Conservative Political Action Conference in the future. Hyatt Hotels Corp. H,…
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WSJ News Exclusive | Oil Trade Group Is Poised to Endorse Carbon Pricing
WASHINGTON—The oil industry’s top lobbying group is preparing to endorse setting a price on carbon emissions in what would be…
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Russia launches satellite to monitor climate in Arctic
MOSCOW (Reuters) – Russia launched its space satellite Arktika-M on Sunday on a mission to monitor the climate and environment…
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Biden administration to consider carbon border tax as part of trade agenda: USTR
WASHINGTON (Reuters) – The Biden administration said on Monday it would consider carbon border adjustment taxes to help cut greenhouse…
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Zoom earnings roared to nearly $1 billion in 2020, and the stock is rising again
Zoom Video Communications Inc.’s rip-roaring ride resumed its meteoric trajectory Monday, with shares jumping as the company detailed the results…
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Stressed about saving for retirement? Focus on your ‘bottom line’
The cost of living is high — for some more than others — but a few changes in spending can…
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EU plans Covid-19 digital passport in time for summer
The EU will propose Covid-19 passports to facilitate travel within the bloc later this month in time for the summer,…
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Over 60s to start receiving jabs as Brazil variant hunt continues
Over 60s are now being invited to receive the coronavirus vaccine, health secretary Matt Hancock has said, as a hunt…
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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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Dow climbs over 500 points to start March as 10-year Treasury yield retreats
U.S. stock-market benchmarks rose to kick off trade in March, with some strategists attributing the enthusiasm to a cool-down in…
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China Got Its Economy Growing Again, but a Shortfall in Babies Will Be Harder to Fix
China may have blunted the pandemic’s impact on its economy, but a shortfall in babies is clouding its growth horizon.…
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FEATURE-The Louvre moves its treasures as climate change brings more floods to Paris
By Melissa Godin, Thomson Reuters Foundation LONDON, Feb 26 (Thomson Reuters Foundation) – When the River Seine that runs through…
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$1.9 trillion coronavirus aid package set to clear House late tonight
House Democrats hope to clear President Joe Biden’s $1.9 trillion economic package late Friday and send it on to the…
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Why the Brexit battle over London’s derivatives dominance may drag on for years
The battle for London’s trading and clearing of derivatives is heating up. But it probably won’t be settled any time…
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This CPAC ‘golden calf’ Trump statue is spurring backlash of Biblical proportions
This is pure Twitter gold. The 2021 Conservative Political Action Conference (CPAC) kicked off in Orlando this week with someone…
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Consumer sentiment improves slightly in late February, but Americans still have big doubts about the economy
The numbers: Americans are still unsure how rapidly the U.S. economy will recover from the pandemic and restore millions of…
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