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- Finance
Cryptocurrency prices are sliding, but what’s behind it?
The volatility of cryptocurrencies such as bitcoin has proven to win out over market analysis, as token prices began to…
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Trading Places: Refinitiv boss steps down, Kay Swinburne’s new gig, Deutsche Bank’s Brexit moves
Refinitiv’s chief executive David Craig is to step away from his role at the London Stock Exchange Group at the…
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Apple Glasses Haven’t Been Announced, But The Expectations Are Building
Move over Macs… again. Apple’s computer line was long ago replaced by the iPhone as Apple’s main product. Even iPads…
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Ashurst elects London corporate partner Karen Davies as first female chair
Partners at law firm Ashurst have elected London corporate heavyweight Karen Davies as their first female chair. Davies, the firm’s UK…
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Police crack down on illegal crypto mine in West Midlands raid
Police investigating what they thought was a cannabis farm instead uncovered a major cryptocurrency mining operation, which was illegally siphoning…
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Reuters postpones plans for website paywall after spat with LSE
Reuters has postponed plans to introduce a new paywall on its website, after complaints from the London Stock Exchange Group that the move…
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Robinhood customer protection case can go ahead, Judge rules
A Massachusetts judge gave state securities regulators a green light to proceed with their case against Robinhood Financial, ruling that…
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Ex-Fieldfisher partner faces tribunal over allegedly backdating documents
A former real estate partner at law firm Fieldfisher is facing a disciplinary tribunal after allegedly backdating documents and signing…
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Bitcoin is ‘impossible to shut down’, says Ark’s Cathie Wood
It is “impossible [for regulators] to shut [bitcoin] down” and regulators will become “a little more friendly over time” towards…
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Brace for more shareholder fights after ‘major shift in power’ against oil giants
Shareholder battles that have rocked two of the world’s biggest oil companies are expected to spill over to other sectors,…
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The Texas Grid Came Close to an Even Bigger Disaster During February Freeze
The Texas electric grid came within five minutes of a complete collapse in mid-February. The problem could have been much worse. A…
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Hancock: Cummings’ ‘unsubstantiated’ dishonesty allegations are ‘not true’
The UK’s health secretary Matt Hancock has said allegations that he lied about the government’s approach to managing the Coronavirus pandemic were…
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Blink Charging Taps Cash Pile in Electric Car Bet
Blink Charging Co. is using cash acquired in a recent stock offering to expand its network of charging stations ahead…
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Climate Ruling Could Force Big Change at Shell
To comply with a Dutch court order to cut carbon emissions, Royal Dutch Shell RDS.A -0.82% PLC may have to…
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Celebrity fintech Lanistar breaches advertising rules as ‘misleading’ security claims continue
Promotions by fintech startup Lanistar claiming its payments cards were “the world’s most secure” were misleading and must not be made again,…
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Johnson was urged to promote ‘chicken pox’ parties for Covid-19 herd immunity, claims Cummings
Prime Minister Boris Johnson was urged by cabinet secretary Mark Sedwill to tell the British public to hold “chicken pox…
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London’s IPO race is heating up — Here’s which investment firm could float next
Anyone who thought that the pandemic would dull investors’ appetite for going public should think again. Listing this year so far:…
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Q&A: Inside the latest cannabis company listing
The week after the firm became one of the first weed companies to list in London, Neil Mahapatra, founder and…
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Tougher audit standards fall short on fraud, shareholder group says
Tougher new standards for auditors to detect fraud are a “mixed bag”, shareholder advisory group Pirc has said. The Financial…
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Zopa tells staff to ‘work from wherever’ for the rest of 2021
Fintech lender Zopa has told its employees they can work from “wherever they choose” until the end of this year,…
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Police sound warning over social media sites driving scam investments
Investors have lost £63m to scammers flogging fraudulent investments on social media apps during the pandemic, The City of London…
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Wall Street banks get prosecutor requests for information about Archegos
Federal prosecutors in New York have requested information about Archegos Capital Management from banks across Wall Street, according to people…
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FRC not ‘strong enough’ to prevent corporate failure, CEO says
The Financial Reporting Council was not “strong enough” to tackle business and audit scandals that have provoked soul-searching in the…
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HSBC plans exit from US retail market
HSBC will stop serving mass-market individual customers and smaller businesses in the US, exiting the bulk of a retail business…
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US banking chiefs grilled over pay gap between execs and employees
WASHINGTON — The chief executives of the six largest US banks drew fire from both Republicans and Democrats at a…
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Activist Wins Exxon Board Seats After Questioning Oil Giant’s Climate Strategy
An activist investor’s successful campaign to win seats on the board of Exxon Mobil Corp. XOM 1.17% represents a historic…
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Bayer to Rethink Roundup Formula for U.S. Consumers
Bayer AG said it will evaluate whether to continue using the active ingredient in its popular Roundup weedkiller in the…
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Ford Expects 40% of Global Vehicle Volume to Be Fully Electric By 2030
Ford Motor Co. F 8.51% shares rose to their highest level in nearly five years, after the auto maker outlined…
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Oil Giants Are Dealt Major Defeats on Climate-Change as Pressures Intensify
Exxon XOM 1.17% Mobil Corp. and Royal Dutch Shell RDS.A 0.38% PLC suffered significant defeats Wednesday as environmental groups and…
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Downing Street sidesteps questions on whether PM planned to sack Hancock
The prime minister’s spokesperson has declined to deny that Boris Johnson contemplated firing health secretary Matt Hancock in early 2020…
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‘So much burnout, so many divorces, so much alcohol abuse’ — the deals boutique trying to end long-hours culture
Lockdown has catapulted the issue of long hours in the City to the top of the agenda, with tales of…
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Archegos wipes off $6bn from top banks’ stock trading units in first quarter
The implosion of family office Archegos Capital wiped off more than $6bn from the world’s largest investment banks’ equities business,…
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Refinitiv boss to step down from London Stock Exchange data helm
Refinitiv’s chief executive David Craig is to step away from his role at the London Stock Exchange Group at the…
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Government feared lockdown would trigger bond market collapse, Cummings says
The UK government was scared the bond markets could turn against them if they went into a coronavirus lockdown, the…
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‘Meme stock’ ETF targets retail investor boom
An exchange-traded fund that offers investors exposure to meme assets, and all the trending investments that social media has to…
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Dominic Cummings says he would have put a ‘dictator’ with ‘kingly powers’ in charge of Covid-19 response
The Prime Minister’s former adviser Dominic Cummings said he would have put an official with dictatorial powers in charge of…
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ENRC case against Dechert and SFO ‘the stuff of conspiracy theories’, lawyers claim
A case brought by mining company Eurasian Natural Resources Corporation against Dechert and one of its ex-partners is the “stuff of…
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US banking chiefs to urge need for controls in cryptocurrency sector
The chief executives of major US banks including Citigroup and Bank of America have expressed their caution about cryptocurrencies in written…
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GAM joins rush to Asia growth with new Singapore office
GAM, the Swiss asset manager, has opened an office in Singapore, joining a growing list of foreign asset managers that…
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Morgan Stanley’s prime brokerage head steps down
Morgan Stanley’s global head of prime brokerage, Edward Keller, is stepping down from his role to deal with a personal…
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GameStop set to launch Ethereum-powered platform for NFTs
Video game retailer GameStop is turning its focus to the next craze on Wall Street: non-fungible tokens. GameStop, a shop that…
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Watchdog orders crypto app Luno to halt ‘misleading’ London bus and Tube ads
The Advertising Standards Authority has ruled that advertisements for cryptocurrency exchange service Luno took advantage of consumers’ lack of experience. The…
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Exxon vs. Activists: Battle Over Future of Oil and Gas Reaches Showdown
For years, Exxon Mobil Corp. didn’t have to pay much attention to investors because of its gargantuan profits. Yet on…
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Ex-Dechert lawyer ‘threw his client under the bus’ to salvage ties with SFO, court hears
A former Dechert lawyer decided to “throw his client under the bus” to protect his relationship with the Serious Fraud…
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MPs await FCA update on Woodford probe as deadline looms
The Financial Conduct Authority is under mounting pressure to provide an update on its ongoing probe into the collapse of…
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The economic cost of racial inequity at work put at $58.7bn per year
A year after George Floyd’s killing turned racial inequity and justice into a key theme for policing, politics and business,…
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Goldman Sachs scores deal to target Chinese wealth market
Goldman Sachs Asset Management is to establish a wealth management joint venture in China, making it the latest foreign investment…
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Barclays CEO Jes Staley marks first anniversary of murder of George Floyd
The chief executive of Barclays Jes Staley has marked the one year anniversary of the murder of George Floyd in…
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Crypto ‘Wild West’ needs taming ahead of a UK bitcoin ETF
The outlook for the UK to approve a bitcoin exchange traded fund in the near future is opaque at best,…
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Oil Majors Look to Fill Businesses’ Growing Appetite for Green Power
European oil companies including BP PLC and Royal Dutch Shell PLC are building new wind and solar projects and striking…
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