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Monthly Archives: September 2023

Apple expresses concern over China’s foreign app restrictions: Report

Apple CEO Tim Cook delivers remarks during an Apple special event on September 12, 2023 in Cupertino, California. Apple is set to unveil the new iPhone 15 and Apple Watch.  Justin Sullivan | Getty Images Apple expressed concern to Chinese officials in recent months over new rules that would ban …

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JPMorgan Chase UK shouldn’t ‘deplatform’ crypto industry

Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023. Michael Nagle | Bloomberg | Getty Images Coinbase CEO Brian Armstrong is unhappy with JPMorgan Chase’s decision to block crypto-related transactions at its U.K. digital banking subsidiary, …

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Here’s how to avoid penalties with retirement plan rollovers

The one-year rule is an “archaic belief,” according to career expert Sarah Doody. Courtneyk | E+ | Getty Images 1. Bypassing the once-per-year IRA rollover rule “The biggest one is breaking the one-per-year IRA to IRA rollover rule,” Appleby told CNBC. “And that happens because people are impatient.” Generally, you …

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Oil near $100 per barrel raises questions over demand destruction

boonchai wedmakawand | Moment | Getty Images Supply cuts from heavyweight crude producers have helped drive oil prices near $100 per barrel — fueling some to consider the potential for future demand destruction. Brent crude futures rose 63 cents per barrel from the Thursday settlement to $96.01 per barrel on …

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Biden’s IRA plan pushes battery-maker Northvolt to plan new factory in Canada

Peter Carlsson, chief executive officer of Northvolt AB, speaks during a news conference in Montreal, Quebec, Canada, on Thursday, Sept. 28. 2023. Bloomberg | Bloomberg | Getty Images The U.S. Inflation Reduction Act has driven Swedish battery maker Northvolt to announce for a factory in Canada earlier than originally expected, in a concrete …

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UK economic recovery picks up steam, overtaking ‘sick man’ Germany

Skyscrapers in the Canary Wharf financial, business and shopping district in London, UK. Bloomberg | Bloomberg | Getty Images LONDON — The U.K.’s economic performance since the start of the Covid-19 pandemic has surpassed that of France and Germany, according to new data revisions published on Friday. The Office for …

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Surging oil prices fuel fears of dreaded phenomenon

Just a few months ago, investors appeared relatively sanguine about the dreaded prospect of stagnant economic activity and rising inflation. Oil prices surging to the brink of $100 per barrel and the specter of higher for longer inflation have renewed concern about stagflation risks, however. “I think that the big …

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‘AI is transformative for the geopolitical order,’ political scientist Ian Bremmer says

Artificial Intelligence will have significant impacts on geopolitics and globalization, Ian Bremmer told CNBC. Leigh Vogel | Getty Images Entertainment | Getty Images Artificial Intelligence will have a significant impact on both geopolitics and globalization, according to Ian Bremmer, political scientist and president of the Eurasia Group. “I think that …

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TikTok’s Southeast Asia ambitions to take major hit with Indonesia ban

TOPSHOT – A staff of a small shoe manufacturer shows their new products to make an introductory video to be posted on social media in Bogor, West Java on September 27, 2023. Indonesia has banned goods transactions on social media platforms such as TikTok, Facebook or Instagram in a new …

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Slovakia’s election could further fracture Ukraine support

Robert Fico, chairman of the Slovak Social Democracy (SMER), during an interview at the party headquarters in Bratislava, Slovakia, on Tuesday, April 25, 2023. Bloomberg | Bloomberg | Getty Images Slovakia heads to the polls on Saturday for a general election that threatens to further fracture European Union support for …

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