Politics/International Relations
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With COVID cases rising in all 50 states, CDC head urges unvaccinated to get their shots; U.S. ‘not out of the woods yet’
The U.S. is not out of the woods yet as COVID-19 cases are rising in all 50 states, driven by…
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Will a government venture capital fund really help private investors?
It is hard to overstate how far the European venture capital industry has come since the turn of the millennium. Although…
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Greensill had ‘extraordinarily privileged’ relationship with government, review finds
A review into Greensill Capital’s lobbying of politicians has found that former Morgan Stanley banker Lex Greensill “had a privileged –…
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Senate infrastructure test vote fails as Republicans block debate, push for more details
A procedural vote on a $1 trillion infrastructure plan failed on Wednesday in the Senate, as Republicans sought more time…
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Senate infrastructure test vote expected to fail as Republicans push for more details
A procedural vote on a $1 trillion infrastructure plan was expected to fail on Wednesday in the Senate, as Republicans…
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Flooding in Germany Demonstrates Need to Prepare for Climate Change, Scientists Say
BERLIN—When German politicians flocked to the scenes of last week’s devastating floods that left more than 170 in the country…
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China Compromised U.S. Pipelines in Decade-Old Cyberattack, U.S. Says
WASHINGTON—Hackers working for the Chinese government compromised more than a dozen U.S. pipeline operators nearly a decade ago, the Biden…
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Biden Administration Blames Hackers Tied to China for Microsoft Cyberattack Spree
WASHINGTON—The Biden administration publicly blamed hackers affiliated with China’s main intelligence service for a far-reaching cyberattack on Microsoft Corp. email…
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UK backs Guaido in court battle over $2bn of Venezuelan gold in Bank of England
The UK government said it continues to recognise Juan Guaido as the President of Venezuela in an intervention in a…
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Here’s why governments want crypto experts
Monetary authorities around the world are rushing to design digital currencies, and many are asking: Who knows how to do…
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UK and US mull new economic models ahead of possible trade deal
The UK and US governments will form a research group to look at whether new economic models are possible, as the…
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Democrats’ Budget Would Finance Sweeping Clean-Energy Plan
The $3.5 trillion budget plan from congressional Democrats would finance a far-reaching transition to cleaner power, but it is expected…
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Fidelity International, Lloyds, Barclays: City figures in top firms made the Queen’s Birthday Honours list 2021
Senior City figures from Fidelity International, Lloyds Banking Group and Santander are among those that have been given top recognition…
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Government faces legal challenge over CMC Markets’ boss Peter Cruddas’s peerage
The government is facing a legal challenge to the nomination of CMC Markets’ founder Peter Cruddas for a peerage after…
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View: The City and politicians have always been tied at the hip. That’s why the lobbying scandal missed the point
Sir James Dyson is texting Boris Johnson. Lex Grensill is holidaying with David Cameron. Matt Hancock owns shares in a…
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Delay to lift lockdown means government’s advice to work from home remains
The final stage of lockdown will be pushed back by a month to 19 July in England amid the spread of the…
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Treasury’s John Glen talks up ‘green shoots’ of UK’s economic recovery
There are “green shoots” of recovery across the economy, according to a leading Treasury official, as the government looks to…
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UK will not break from EU rules ‘for the sake of it’, top negotiator says
The UK is not going to diverge from EU regulation “for the sake of it”, one of the top officials…
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UK lawmakers want to gut MiFID II in wake of Brexit as law ‘makes it more attractive to trade elsewhere’
A high-profile group of MPs has urged the prime minister to undergo a radical shakeup of MiFID II rules in…
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Eiffel Tower reopens but COVID passes required as of next week
The Eiffel Tower is reopening Friday for the first time in nine months even though the French government introduced new…
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London, Paris and Frankfurt: Five charts tracking the return to work
When Prime Minister Boris Johnson announced distancing would stay in place for another month, those itching to get back into the…
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Reuters photographer killed as Afghan forces fight Taliban
Afghan government forces battled Friday to retake a border crossing with Pakistan from Taliban insurgents, and the Reuters news agency…
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What Goldman’s international chief exec makes of Brexit, City rules and 19 July
Goldman Sachs International’s chief executive officer Richard Gnodde, would gladly take a match to unnecessary rules for the City post…
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Powell’s future in question as Warren blasts Fed for being too easy on the biggest banks
Two leading Senate Democrats on Thursday were sharply critical of Federal Reserve Chairman Jerome Powell’s record as a bank regulator,…
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FCA Brexit bill hits £10m as watchdog pledges not to undercut EU standards
The UK’s departure from the EU is set to cost its financial regulator some £10m in 2021/22, according to its…
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Legal & General chair Sir John Kingman blasts government over neglect of audit regulator
The chairman of Legal & General Sir John Kingman has said it is “indefensible” that audit regulator the Financial Reporting…
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Senate Democrats announce $3.5 trillion budget agreement
WASHINGTON — Senate Democrats announced Tuesday that they have reached a budget agreement among themselves that envisions spending an enormous…
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EU set to delay digital levy plans as G20 backs global tax deal
The EU is set to push back plans to introduce a levy on large internet companies, following the endorsement of…
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‘If the EU is unduly difficult, we may change our approach’: MP Bim Afolami on saving post-Brexit regulation
In the embers of Brexit, a battle for the soul of the City is raging. In one camp are those who believe…
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View: Why pension schemes are ripe for consolidation
The government’s two flagship policies — levelling up and net zero — require the same thing: oodles of private investment…
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View: The secret to killing the army of zombie firms that Covid has left us
As Western economies emerge from the Covid-19 pandemic, banks and governments are facing a new problem: how to deal with…
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Tech Firms to Buy Covid-19 Vaccines on Behalf of Taiwan’s Government
TAIPEI—Taiwan is struggling with the pandemic, short on vaccines and locked in a geopolitical fight with China over access to…
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Biden fires Trump-era head of Social Security after he refuses to resign
WASHINGTON (AP) — President Joe Biden on Friday fired the commissioner of Social Security after the official refused to resign,…
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Inside the government’s mighty art collection
Expensive art collections don’t exactly chime with the current era of government austerity, but this has not stopped the UK’s top…
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UK fights back over €47.5bn Brexit bill
The UK government has indicated it will not pay a disputed €47.5bn Brexit bill to the European Union, as officials…
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Tokyo Olympics to be held without fans as Japan enters a state of emergency
TOKYO (AP) — Fans were banned from the pandemic-postponed Tokyo Olympics which will open in two weeks, following a state…
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‘We should have pushed harder’ for Brexit equivalence, says UK fintech boss
Don’t give up on equivalence, the UK boss of electronic trading platform MarketAxess says, just days after the UK’s chancellor…
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City minister: Government will not mandate how firms should improve diversity
The government will not give financial services firms a single blueprint to improve diversity, City minister John Glen has said,…
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Boris Johnson refuses to say if he sacked Matt Hancock again
Prime minister Boris Johnson refused to tell MPs whether or not he fired his former health secretary Matt Hancock. Speaking…
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City of London Corporation insiders call for reform following secretive lord mayor election
City of London Corporation insiders have called for the overhaul of the secretive process to elect London’s lord mayor following…
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Amazon stock rides to record as JEDI deal gets canceled on new CEO’s first day
Amazon.com Inc. shares notched their first record close in more than 10 months Tuesday, when a new chief executive was…
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Israel says Pfizer vaccine just 64% effective in real world as delta variant continues to spread rapidly
The global tally of confirmed cases of COVID-19 climbed above 184 million on Tuesday, as the highly transmissible delta variant…
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Pentagon abruptly cancels $10 billion JEDI cloud contract
The Defense Department on Tuesday abruptly canceled a 10-year, $10 billion cloud-computing contract it awarded to Microsoft Corp., which had…
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Biden to speak Tuesday afternoon on COVID response, vaccinations
President Joe Biden on Tuesday afternoon was scheduled to make a speech on the fight against the COVID-19 pandemic, with…
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Phoenix chair Nick Lyons set to be elected as lord mayor of London
The chair of insurer Phoenix is set to be elected as lord mayor of London for 2022, the City of…
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Naïm Abou-Jaoudé: ‘Covid is a wake-up call to start a green recovery’
Naïm Abou-Jaoudé’s appointment as president of Europe’s main asset management trade body in May could not have come at a…
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Work-from-home advice dropped as Freedom Day confirmed for 19 July
The UK government will no longer instruct people to work from home, as Prime Minister Boris Johnson is set to…
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MPs dismiss calls for tougher oversight of FCA powers
The Financial Conduct Authority does not need any further oversight to make sure it stays in line, a leading group…
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City’s regulatory advisers have muted reaction to Sunak’s post-Brexit ‘vision’
Regulatory specialists in the City have welcomed the lack of ambition in the chancellor of the exchequer’s post-Brexit “vision” for…
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Barclays UK chief joins UK Finance board in latest raft of changes
Barclays Bank UK chief executive Matt Hammerstein is one of four new financial services leaders to join the board of…
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