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...downturn in the EV market....
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...This week’s earnings reports from Microsoft and Alphabet have soothed market anxiety about the huge jumps in spending on the infrastructure needed to power AI chatbots such as OpenAI’s ChatGPT and Google...
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...Before the deal was announced, they had fallen by about a fifth in the past five years as it failed to fulfil its promise to challenge the big four high street lenders....
...I would say the shares were up as much as 7 or 8 per cent at some point....
...wealth or asset management business....
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...Adding new services such as debt advisory will be expensive and take time, said rivals. But doing so would make profitability less cyclical, said Panmure and Liberum as they announced the deal....
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...Jane Street’s dominance in the fast-growing and huge exchange traded funds market is a case study of banks not focusing enough on adjacent markets and doing too little, too late....
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...Western sanctions on doing business in Russia that were imposed after its 2022 invasion of Ukraine showed the importance of having clear line of sight into where and how companies make money....
...In contrast to Santander’s hiring push, job cuts at the largest US banks are on course to surpass 11,000 this year as Wall Street contends with the worst recruitment market since the financial crisis following...
...Now, this type of behaviour is part of a larger pattern of how companies are doing business in Hong Kong these days, which is a real problem for the city, especially since it’s made a name for itself as...
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...Some have replaced the boilerplate phrase “risks related to doing business in China” with vaguer language on risks such as “in the country where we operate” or “in the principal place of our business”....
...In exchange, the structure gives its mega-collaborator “the street cred of access to a younger generation of artists and curators”....
...Any successful offer would need to pass scrutiny from the competition and media watchdogs, as well as ministers in Downing Street, which would add further delays....
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