general news
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‘It is simply not possible.’ Calls for tax deadline extension mount as accountants say they can’t do everything by April 15
As the April 15 deadline to file and pay taxes closes in, some of the accountants preparing those returns are…
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U.S. COVID-19 death toll tops 520,000 as Dr. Fauci cautions against reopening too soon
The U.S. death toll from the coronavirus-borne illness COVID-19 climbed above 520,000 on Friday, as Dr. Anthony Fauci became the…
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More people ditch remote working amid lockdown commuter spike
The number of British workers travelling to work at the end of February increased to 39%, despite rules ordering people…
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Dow set to edge higher as investors await jobs report following stock-market rout
U.S. stock-index futures on Friday pointed to modest gains for the three main benchmarks, after three straight days of losses,…
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Bitcoin’s chances of hitting $100,000 in 2021 stumble as Kanye West tipped to buy $100m
The likelihood of bitcoin reaching $100,000 in value this year has fallen to 36% following a difficult week for the…
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Delta to spend $30 million to offset most of its 2020 impact on climate
By Tracy Rucinski, Laura Sanicola (Reuters) – Delta Air Lines said on Thursday it would spend more than $30 million…
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Ex-LSE boss Xavier Rolet: Listings shake-up will lure top firms to London
The proposed shake-up of UK listing laws has “nothing to do with Brexit” and is “long overdue” to ensure that London’s…
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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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China sets economic-growth target of 6%, aims to be more self-reliant on tech
BEIJING — China’s top economic official announced a healthy growth target for the nation and its plans to become 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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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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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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Pimco adds former White House defence expert to advisory board
Pimco, the US bond giant, has appointed a former White House staffer to its influential advisory board — the second…
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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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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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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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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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Opinion: This powerful stock market pattern is one you’ve never heard of: The ‘Steamroller’
After studying the stock market for many years, I have identified 14 unique stock market behavior patterns. Although the proprietary…
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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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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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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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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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M&G pledges to end thermal coal investments
M&G, the UK-listed fund management group, will begin to phase out coal across its investments, making it the latest asset…
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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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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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‘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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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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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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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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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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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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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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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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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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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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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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