breaking financial news
- Finance
‘When is the housing market going to crash?’ is a red-hot search on Google – here’s why
Rick Nazarro of Colonial Manor Realty talks with a pair of interested buyers in the driveway as a couple waits…
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London could face local stay-at-home orders as South African variant spreads
Local restrictions such as a stay-at-home order could be used in parts of London if the South African variant cannot…
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Barclays’ flash-crash and the top five ‘fat-finger’ trades
Barclays’ shares crashed 10% at the opening of the London Stock Exchange on 14 April after a suspected so-called fat-finger…
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Reddit Is America’s Unofficial Unemployment Hotline
In early December, Alex Branch’s car broke down. A 23-year-old former arcade employee in southern Virginia, Mr. Branch had been…
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Amundi CEO Yves Perrier to step down
Yves Perrier, the long-standing chief executive of Amundi, is to step down after a decade at the helm of Europe’s…
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Quarantine rulebreakers face fraud charges, PM’s office says
Rulebreakers seeking to flout the UK’s new hotel quarantine requirements for travellers coming into the country will be “charged with…
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Fidelity International turns to new surveillance tech to track staff communications
Fund management firm Fidelity International has invested in new surveillance technology to monitor the behaviour of its regulated staff more closely.…
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Pressure grows on Tokyo Olympics chief to resign over sexism row
Tokyo governor Yuriko Koike has refused to join a meeting with Yoshiro Mori, president of the city’s Olympic organising committee,…
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Twitter blocks accounts after Indian government demands
Twitter has started blocking accounts in India following repeated official demands, as it seeks to defuse days of mounting tension…
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Amundi names Valérie Baudson as chief executive
Amundi has named Valérie Baudson as its next chief executive, replacing Yves Perrier who spent a decade building the French…
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Heineken to cut 8,000 jobs as pandemic hits brewer
Heineken is to cut 8,000 jobs and seek €2bn of savings over two years as new chief executive Dolf van…
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KPMG boss Bill Michael apologises after telling staff to ‘stop moaning’ during Covid-19 call
KPMG UK chair Bill Michael has apologised to staff after he told employees to “stop moaning” during a call about…
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Twitter warns of slowing user growth as pandemic surge fades
Twitter’s user growth fell short of expectations for the second quarter in a row and it warned that the pace…
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Do Fed Policies Fuel Bubbles? Some See GameStop as a Red Flag
Before it fueled the run-up in GameStop’s stock, WallStreetBets, the Reddit message board, had another claim to fame: It helped…
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Huawei challenges its designation as a threat to US security
Huawei has asked a US court to overturn a Federal Communications Commission ruling that the Chinese telecoms equipment maker poses…
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We must vaccinate the world — now
The world economy is recovering from the depths of the Covid-19 crisis. But that crisis will not depart for good…
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Mortgage delinquencies sink to pandemic low, but distress is far from over
A demonstrator at a June 30 Cancel Rent and Mortgages rally in Minneapolis. Brandon Bell | Getty Images Mortgage delinquencies…
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UK arrivals face 10 years in jail for hiding trips to high-risk countries
People arriving in the UK who try to conceal the fact they have been in countries on Britain’s list of…
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Even El-Erian bought bitcoin — here’s what you need to know about the cryptocurrency’s dizzying rally
As bitcoin soars yet again to new highs, here’s a collection of Financial News stories about the ups and downs…
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Book and pay £1,750 for quarantine before flying to the UK or face £10,000 fine, UK warns travellers
New hotel quarantine requirements for travellers coming into the UK will be enforced with steep fines and prison sentences of…
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Barclays boss Jes Staley: UK should forget EU, compete with New York and Singapore instead
Barclays boss Jes Staley has urged Britain to use its separation from the EU on the back of Brexit as…
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German finance ministry lambasts regulator over Wirecard
BaFin’s ban on the short selling of Wirecard shares in 2019 was based on poor and insufficient analysis, Germany’s finance…
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Bitcoin surges to record high of $48,000 after Elon Musk’s Tesla invests $1.5bn
Bitcoin has surged past $48,000 for the first time after billionaire mogul Elon Musk’s electric car company Tesla invested $1.5bn…
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BlackRock names Cohen head of Europe business as Lord heads to Hong Kong
BlackRock, the world’s largest asset manager, has shuffled its senior leadership in Europe with Rachel Lord — one of the…
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US law firm Armstrong Teasdale acquires City law firm Kerman & Co
City law firm Kerman & Co has been acquired in a transatlantic deal by US law firm Armstrong Teasdale. Kerman…
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BlackRock’s new Asia-Pacific chief sees Hong Kong retaining its power
Hong Kong will continue to be a pre-eminent financial centre and play a central role in opening up China’s financial…
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Singaporean tobacco investor exits Myanmar after coup
A second foreign investor in Myanmar has pulled out following the military coup that toppled the democratically elected government of…
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Australian companies forced to imagine life without Google
Can you imagine life without Google? That is the curious reality Australians have been contemplating since the US technology group threatened…
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Korea Inc seeks to corner global parts market for electric vehicles
Hyundai Motor founder Juyung Chung once remarked that “cars fly the national flag and are a measure of the nation’s…
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The Clash of Liberal Wonks That Could Shape the Economy, Explained
The problem, he says, is that the plan’s total size reaches a scale that risks major future problems. In particular,…
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EU ready to follow Australia’s lead on making Big Tech pay for news
EU lawmakers overseeing new digital regulation in Europe want to force Big Tech companies to pay for news, echoing a…
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US Democrats fear ill wind from Biden’s climate policies in oil states
US President Joe Biden’s moratorium on drilling on federal lands has prompted lawmakers within his own party to warn that…
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Gene Sperling: Joe Biden’s $1.9tn plan is necessary as economic recovery insurance
The writer served as US national economic adviser to Barack Obama and Bill Clinton US president Joe Biden’s plan for…
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Biden administration to rejoin UN human rights council
The Biden administration will rejoin the UN human rights council as an observer, seeking to follow through on a campaign…
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Travellers must shell out for UK’s mandatory hotel quarantine from 15 February
The UK’s Covid-19 hotel quarantine system will start on 15 February, the government has said, and travellers will have to…
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Senior Fed official shrugs off inflation risks from stimulus plan
A senior Federal Reserve official has shrugged off concerns that further fiscal stimulus might generate an unhealthy jump in inflation…
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Biden must tell the EU that all multinationals should be taxed, not just America’s tech giants
The Biden administration has taken office at an extremely difficult time. The US economy continues to struggle with the massive…
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Fresh Ebola outbreak feared in Democratic Republic of Congo
The Democratic Republic of Congo has identified a new case of Ebola in the north-east of the country, raising fears…
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Elon Musk tweet puts rocket under Dogecoin – and Snoop Dogg may be helping
Tesla CEO Elon Musk has returned to Twitter with gusto, this time pushing out messages over the weekend appearing to…
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Draghi moves closer to forming Italian government
Mario Draghi has moved closer towards becoming Italian prime minister after two formerly anti-euro parties signalled they would be willing…
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Biden Appointments Signal a Trade Approach That Hews to the Left
The team will also have to decide what to do about the legacy of higher trade barriers and large tariffs…
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SoftBank’s Vision Fund posts $13bn quarterly investment gain
SoftBank’s Vision Fund has notched its best performance since its launch in 2017 even as the group’s new trading arm…
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How will the pandemic affect bonuses in financial services?
Stories such as those about payment firm Revolut withholding bonuses have rightly left financial services employees concerned about the impact…
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Beijing charges Australian journalist with leaking state secrets
Beijing has charged an Australian journalist who worked for Chinese state television with illegally supplying state secrets overseas, six months…
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Mercedes’ electric profits to match those for combustion models by end of decade
Mercedes-Benz will earn as much from electric cars as its luxury combustion engine models by the end of this decade,…
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Impeachment dilemma: Republicans rally behind Trump before Senate trial
After four years of moving in virtual lockstep with Donald Trump, Mitch McConnell used his final day as Senate majority…
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Democrats to Unveil Up to $3,600 Child Tax Credit as Part of Stimulus Bill
WASHINGTON — Top House Democrats are preparing to unveil legislation that would send up to $3,600 per child to millions…
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Yellen predicts full US employment next year if stimulus is passed
US treasury secretary Janet Yellen said the US could reach full employment next year if Congress passes Joe Biden’s $1.9tn…
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FT Global MBA ranking 2021: Europe tops table but US dominates
US business schools continue to dominate provision of the world’s leading MBAs despite two European rivals topping the FT’s annual…
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Deutsche Bank swings to first profit in six years on investment bank surge
Deutsche Bank returned to profit for the first time in six years as revenues in its investment bank — a…
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