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Bank of England raises capital requirements for UK banks by $14.5 billion

Yuri Gripas | Reuters Bank of England Governor Mark Carney leaves after speaking at 2017 Institute of International Finance (IIF) policy summit in Washington, U.S., April 20, 2017. The Bank of England has told British banks to rise capital requirements for banks in case of an economic downturn. British banks …

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Queen’s income set to almost double amid increase in public funds

Chris Jackson | Getty Images (L-R) Camilla, Duchess of Cornwall, Prince Charles, Prince of Wales, Prince George of Cambridge, Prince William, Duke of Cambridge, Catherine, Duchess of Cambridge, Queen Elizabeth II, Prince Harry and Prince Philip, Duke of Edinburgh (R) watch the fly-past from the balcony of Buckingham Palace following …

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China industrial profits quicken in May, seen fading as finance costs rise

VCG | Getty Images A worker checks the labels on the steel wire robs at the Dongbei Special Steel Group plant on May 15, 2017 in Dalian, Liaoning Province of China. For the first five months of the year, profits reached 2.9 trillion yuan, up 22.7 percent from the same …

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Three CNN journalists resign after Russia-related article retracted

Michael A. Schwarz | Bloomberg | Getty Images Pedestrians pass in front of CNN signage displayed at the network’s headquarters building in Atlanta. The Russia-related story, published on Thursday, reported Congress was investigating the ties of a Russian investment fund to an aide of U.S. President Donald Trump. CNN had …

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India’s BSE aims for 1,000 new listings as Modi reforms taxes

Shailesh Andrade | Reuters The Bombay Stock Exchange (BSE) logo is seen at the BSE building in Mumbai, India, January 25, 2017. India is one of the best performing stock markets in Asia so far this year; both the 30-share BSE Sensex and 50-share NSE Nifty have gained over 15 …

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Brad Keywell of Uptake comments on start-up culture after Uber CEO Kalanick departure

Getty Images Predictive analytics can help the operations including those of wind farms, freeing up employees for more productive activities, says CEO of Uptake Technologies, Brad Keywell. “I think the fourth industrial revolution of major industries is not about getting rid of people and it’s not about machines taking over, …

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Brazil President Michel Temer charged with corruption

Ricardo Botelho | Brazil Photo Press | LatinContent | Getty Images Brazilian President Michel Temer, pictured on June 26, has been charged by the country’s top prosecutor of accepting bribes. Brazil’s top federal prosecutor charged President Michel Temer on Monday with accepting bribes, the first of what is expected to …

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Brazil inspectors say understaffing, budget cuts caused beef problems

Cris Faga | NurPhoto | Getty Images A person looks at the refrigerated display case at a butcher’s shop, in Sao Paulo, Brazil on March 20, 2017. Brazil health inspectors union ANFFA on Monday said understaffing and budget cuts by the government ultimately caused the sanitary problems with beef shipments …

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Ethereum drops more than 10% even after flash crash refund

Bitcoin rival ethereum dropped Monday despite a major exchange’s efforts to shore up confidence by announcing a credit for customers who lost money during last Wednesday’s flash crash. Ethereum, also known as ether, traded 11 percent lower near $268 Monday morning, according to CoinDesk. Last Wednesday, ethereum briefly plunged in …

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UK PM Theresa May strikes deal to get Northern Irish DUP support for minority government

Kevin Coombs | Reuters Britain’s Prime Minister Theresa May speaks outside 10 Downing Street after an attack on London Bridge and Borough Market left 7 people dead and dozens injured in London, Britain, June 4, 2017. British Prime Minister Theresa May struck a deal on Monday to prop up her …

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