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...By comparison, in the same quarter Hong Kong recorded a rate of 2.9 per cent, London was at 5.1 per cent and, in June, New York’s rate was 5.4 per cent....
...This figure does not capture profits made by JPMorgan that do not flow through its FDIC-regulated entity. PacWest, however, lost $1.2bn, more than any other lender in the first three months of 2023....
...This stake was transferred to a newly established entity called Wandoo1 shortly after Greensill Capital collapsed in March 2021, filings show....
...Blackstone swept in, offering $1.24 per share in cash compared with Concord’s offer of $1.16....
...While the entity was taken private two years ago for $5.9bn, outstanding preference shares require it to continue filing quarterly reports with the SEC....
...The credit-ratings firm looks at eight of these so-called stablecoins and grades them on a scale of 1 (best) to 5 (worst)....
...“He doubled down on the fact that ABC is for sale.”...
...“The mundane objectives of a corporation are misaligned with artificial general intelligence.”...
...One of the people said listing the entity in Shanghai was also possible....
...The recovery has instead been so anaemic that Hong Kong’s finance minister, Paul Chan, recently cut the city’s annual economic growth forecast to just over 3 per cent, from the up to 5.5 per cent projected...
...Iger is now struggling to play the hero as Disney embarks on an aggressive $5.5bn cost-cutting drive, which will eliminate about 7,000 jobs....
...In February News Corp announced plans to reduce headcount by 5 per cent, about 1,250 positions, by the end of the year....
...Hundreds of listed businesses in the country are subsidiaries of larger groups that continue to hold substantial or controlling stakes in the entities....
...Last month, just after Silicon Valley Bank collapsed, a team of American economists embarked on the daunting task of crunching 5.4mn tweets. The reason?...
...The move is also expected to lead to big changes in asset allocation for the €1.45tn sector....
...Take the coordinates of the exact burial place . . . and offer relatives the details for $2,000 — $5,000. Money can be transferred to your bitcoin wallet.”...
...The Fair Cobalt Alliance — Tesla, Google and Glencore’s flagship initiative that supports Kamilombe — has a paltry $1.8mn of annual funding....
...Five more stories in the news 1....
...The maximum effective marginal dividend tax rate (including corporation tax on distributed profits) has gone up to 51.5 per cent for this year from 46.7 per cent in 2021....
...After a new governor, democrat Tony Evers, took office, the Wisconsin Economic Development Corporation, the state-run entity that entered into the Foxconn agreement on behalf of Wisconsin, renegotiated last...
...In addition to the £450,000 in interest-free loans Timpson has collectively granted to its 5,000 staff — with the average individual loan somewhere between £500-£1,000 — it also gives away at least £50,000...
...In Banker to the Poor, he writes of having a revelatory moment in 1974, when Sheikh Mujib was in power and the country was in the grip of a famine that killed an estimated 1.5 million people....
...Victory went to team Desert Storm, whose commodity market knowledge helped lift them to a mighty 38.5 points out of a possible 94 — 41 per cent!...
...About 1.5 per cent of smokers in China use e-cigarettes, compared with as much as 30 per cent in the US, the UK and Japan, according to iiMedia Research, a Guangzhou consultancy, and Daxue Consulting, a...
...The Internet of (Five) Things 1....
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