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Bitcoin pushes back above $1tn market cap as it reaches two-week high
The value of the world’s largest cryptocurrency has surpassed $1tn for the second time after digital asset prices jumped. Bitcoin’s…
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Ex-law firm staffer banned over WhatsApp sexual harassment
An ex-staff member at law firm DWF has been banned from working in the legal profession after sexually harassing a…
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Best of women in Financial News: Jane Fraser, Catherine McGuinness, Farmida Bi and more
Financial News has captured the personalities of some of the City’s most senior women in the world of banking and…
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Freshfields boss Georgia Dawson sets race and gender diversity targets for Magic Circle firm
The new senior partner of Freshfields Bruckhaus Deringer, Georgia Dawson, has announced a series of diversity targets for the law…
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GameStop frenzy emboldens Democrat supporters of a new trading tax
The wild volatility in GameStop shares this year has emboldened Democrats who advocate a tax on stock trades. A financial-transaction tax, or FTT,…
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To Juice the Economy, Biden Bets on the Poor
But unlike Mr. Biden, Mr. Trump pursued a top-down approach to reinvigorating economic and wage growth. He cut taxes for…
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Biden Presses Economic Aid Plan, Rejecting Inflation Fears
As investors look for a pickup in growth and slightly faster price increases, watchers of the Federal Reserve have begun…
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U.S. and Europe will suspend tariffs on wine, food and airplanes.
The United States and European Union have agreed to temporarily suspend tariffs levied on billions of dollars of each others’…
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Job growth in February may mark the start of a hiring boom as the economy reopens
Chef Alessandro Pirozzi, from Alessa by Chef Pirozzi, brings a take-out food order to an outside table at the Promenade…
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For the Economy, the Present Doesn’t Matter. It’s All About the Near Future.
It is generally considered bad journalistic practice to start an article this way, but it must be said: The new…
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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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London Stock Exchange Group reports £2.1bn total revenue for 2020
The London Stock Exchange Group reported total revenue of £2.1bn in 2020, a 3% increase from 2019 as the company…
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February jobs report is expected to show only modest gains.
The Labor Department is scheduled to release its monthly gauge of the American labor market on Friday morning. Economists surveyed…
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Suburban Home Sales Soar in the New York Region
On the South Shore of Long Island, there’s about a month’s supply of available homes, or even less, in some…
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When Amazon Raises Wages, Local Companies Follow Suit
Many small-business owners do not welcome the pressure. Tad Mollnhauer, who runs two printing and shipping retail stores near Orlando,…
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Mark Mobius: Yep we’re in a bubble, especially in crypto
Mark Mobius, the veteran emerging markets investor, has warned a bubble is forming in certain parts of the global financial…
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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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Low-paid women have been hurt most by the recession, and they risk being left behind by the recovery
Breadcrumb Trail Links Economy The math suggests a disproportionate number of women are on a path to long-term unemployment Author…
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Treasury to Invest $9 Billion in Minority Communities
WASHINGTON — The Biden administration unveiled a plan on Thursday to invest $9 billion in minority communities, taking an initial…
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Schroders boss says Spacs will help City ’embrace new world’
Peter Harrison, chief executive of FTSE 100 listed asset manager Schroders, says proposals designed to encourage international companies to list in…
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BDC Snapshots: Intra-regional economic integration would boost Maghreb economies
The economic implications of the coronavirus pandemic have raised questions about the prospects for economic integration within the Maghreb, which…
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بالأرقام من مركز بروكنجز الدوحة: التكامل الاقتصادي بين دول المغرب العربي سيعزّز اقتصاداتها
طرحت التداعيات الاقتصادية لجائحة فيروس كورونا المستجدّ أسئلةً حول إمكانات التكامل الاقتصادي ضمن منطقة المغرب العربي حيث تُعتبر معدّلات التبادل…
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Credit Suisse spotted early signs of trouble brewing at Greensill Capital
Credit Suisse Group knew since 2019 that supply-chain finance funds it ran with Greensill Capital were too reliant on a…
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Weekly jobless claims rise less than expected despite weather impact
Weekly jobless claims edged higher last week but rose less than expected for an economy struggling to shake off impacts…
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GAM calls time on supply chain finance fund linked to Greensill
GAM, the Switzerland headquartered asset manager, has announced it will close an investment fund linked to Greensill Capital — 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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Private payrolls growth well short of expectations for February, ADP says
A cashier handles money in Macy’s Herald Square in New York. Andrew Kelly | Reuters Private payroll growth disappointed in…
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Canada’s economy endured an historic collapse in 2020, but surged into 2021 faster than most expected
Breadcrumb Trail Links News Economy Kevin Carmichael: A housing boom has lessened economic pain of the recession, but at expense…
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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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‘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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Goldman Sachs creates new London team to capitalise on Spac boom
Goldman Sachs has shifted two of its most senior equity bankers in London into a new team that will look…
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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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Softbank agrees $1.6bn settlement with ex-WeWork boss Adam Neumann, others
Softbank has announced it has reached a $1.6bn settlement to a lawsuit brought against it by ex-WeWork chief executive Adam…
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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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How Can Biden Bring Back Manufacturing Jobs? Weaken the Dollar
Dr. Gagnon estimates that as a result of these forces, the dollar was 10 to 20 percent above its expected…
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Citi says Bitcoin adoption’s at tipping point – here’s what could come next
Bitcoin has reached a “tipping point” that could see it either be adopted as the preferred currency for international trade…
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Our fragile mental health is the hidden threat to the economic recovery
Breadcrumb Trail Links News Economy Kevin Carmichael: If country’s workforce is coping with low-grade PTSD, there aren’t any simple levers…
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Personal income leaps 10% in January thanks to stimulus, but inflation still in check
A fresh round of government stimulus checks sent personal income up to its biggest monthly gain since April 2020 though…
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Trading Places: HSBC’s big shake-up, BofA reshuffles M&A, a brutal bonus season
HSBC has named a number of new senior leaders in Europe, the US and the Middle East as the lender…
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London’s left behind as England’s 15 least vaccinated areas located in the capital
The 15 areas in England to have vaccinated the lowest proportion of adults so far are all in London. The…
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BA owner calls for digital vaccine passports to kickstart travel, boost ailing industry
The International Airlines Group, which owns British Airways, has called on the government to introduce digital Covid-19 vaccine passports so…
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EU to roll out digital vaccine passports to restart travel within the bloc
Leaders of the European Union have agreed that a “digital vaccination certificate” is necessary to allow travel within the bloc.…
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Aquis says it will trump City market expectations
Aquis, one of the UK’s smaller alternatives to the London Stock Exchange’s Aim, has said it expects to surpass market…
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Biden’s Pick for Trade Representative Promises Break With Past Policy
WASHINGTON — Katherine Tai, President Biden’s pick for United States trade representative, promised lawmakers during her confirmation hearing on Thursday…
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Vanguard, BlackRock singled out for $170bn coal exposure
Vanguard and BlackRock, the world’s two largest asset managers, have been singled out for having the highest exposure to the…
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Axa IM assets reach record high after bumper 2020
Axa Investment Managers, the asset management arm of the French insurance giant, posted a more than three-fold increase in new…
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Here’s why jobless claims are the wrong way to understand unemployment in the U.S.
The number of individuals filing first-time claims for state unemployment benefits fell sharply last week, with a total of 730,000…
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