SEB shares slide over money laundering concerns

SEB shares slide over money laundering concerns

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Shares in SEB fell by more than 10 per cent as investors worried the Swedish bank would become the latest lender to be sucked into a money-laundering scandal that has swept through the Nordic financial world.  SEB said it had received questions from SVT, the Swedish public broadcaster whose allegations of suspected money laundering against […]

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Andrew Yang proposes tax on digital ads in swipe at Google, Facebook

Andrew Yang proposes tax on digital ads in swipe at Google, Facebook

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Democratic presidential candidate Andrew Yang proposed a tax on digital ads that takes aim at the revenue models of companies such as Facebook Inc. and Alphabet Inc.’s Google. Along with a proposal for a Cabinet-level secretary of technology, the value-added tax was among a series of ideas for regulating privacy, antitrust issues and digital platforms’ […]

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Labour vows to nationalise BT’s Openreach network

Labour vows to nationalise BT’s Openreach network

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A Labour government would nationalise BT’s Openreach network and provide free full-fibre broadband to every home and business in the UK, shadow chancellor John McDonnell has announced. Jeremy Corbyn, the leader of the opposition party, is already promising that his government would take ownership of various utilities, including water, the railways, Royal Mail and National […]

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Employers act to protect staff as Hong Kong crisis deepens

Employers act to protect staff as Hong Kong crisis deepens

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Employers have stepped up efforts to ensure the safety of their staff in Hong Kong, where months of protests have intensified into running battles between police and demonstrators. The protests, which began after the authorities introduced an extradition bill that would have allowed for the extradition of criminal suspects to stand trial in mainland China, […]

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Stocks eke out record high after listless day of trading

Stocks eke out record high after listless day of trading

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A day of listless trading on Wall Street ended Thursday with another record high for the S&P 500. The benchmark index notched its third consecutive gain after spending most of the day wavering between small gains and losses. The Dow Jones industrial average and Nasdaq composite also budged little, capping the day with miniscule drops. […]

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Walmart brings early holiday cheer with higher profit outlook

Walmart brings early holiday cheer with higher profit outlook

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Walmart has sent a reassuring signal over the health of the US consumer market ahead of the holiday shopping season, lifting annual profit forecasts on the back of higher quarterly sales. Online shopping and demand for groceries helped Walmart’s US business accelerate revenue growth, although sales were weaker in other markets including the UK and […]

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