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BoE’s Haldane says UK recovering ‘faster than anyone expected’

Via Yahoo Finance LONDON (Reuters) – Britain is recovering faster than anyone had expected from the economic impact of COVID-19, but businesses need better incentives and access to finance to invest in technology, Bank of England chief economist Andy Haldane said. “UK GDP had, by July, recovered around half of its Covid-related losses, rebounding further...

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Forcing women into debt is a marker of domestic abuse

Via Yahoo Finance Despite a growing understanding that domestic abuse is about coercive and controlling behaviour in recent years, we are still missing a crucial piece of the puzzle; an understanding of how economic abuse threads through and reinforces this behaviour. Recognised in the Domestic Abuse Bill for the first time, economic abuse is a...

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seven ways of getting to the bottom of Spelunky 2

Via Yahoo Finance Spelunky 2 is out this month on PS4 and PC, and it’s a superb sequel to Derek Yu’s influential roguelike masterpiece. It’s also very challenging, and while part of the fun is learning the game and mastering it, there are some things I wish I’d known before plugging dozens of hours into...

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US to ban TikTok downloads, block WeChat use

Via Yahoo Finance The United States on Friday ordered a ban on downloads of popular video app TikTok and effectively blocked the use of the Chinese super-app WeChat on national security grounds, escalating a fight with Beijing over technology. Under the order, the Tencent-owned WeChat app would lose functionality in the United States from Sunday....

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US Fed official warns against inflation ‘ghost stories’

Via Yahoo Finance The Federal Reserve has been too cautious in its recent policy shift allowing higher prices to boost employment, one US central banker said Friday, warning against heeding “ghost stories” about inflation. As the United States faces the world’s worst Covid-19 outbreak and is approaching 200,000 deaths, tens of millions of workers still...

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LVMH submits disputed Tiffany takeover for EU clearance

Via Yahoo Finance PARIS (Reuters) – LVMH said on Friday it had submitted its troubled takeover of Tiffany <TIF.N>, which is now at the centre of a legal dispute between the two groups, for EU approval as it seeks to counter accusations that it deliberately stalled antitrust proceedings. The French group’s $16 billion acquisition of...

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Roche says its drugs reduce ventilator need for COVID-19 patients

Via Yahoo Finance ZURICH (Reuters) – Roche’s <ROG.S> Actermra/Roactemra drugs reduces the likelihood patients with COVID-19 related pneumonia need mechanical ventilation, the company said on Friday. Hospital patients taking the drug were 44% less likely to need ventilators or die, the company said, citing the results of its Empacta phase III study conducted in several...

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US airlines lobby White House for another round of federal aid

Via Yahoo Finance The chiefs of majors US airlines converged on the White House Thursday to advocate for another round of federal support to avert thousands of impending layoffs. “There’s enormous bipartisan support for an extension of the payroll program which would keep those people employed,” American Airlines Chief Executive Doug Parker said ahead of...

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Fed warning sends stocks scurrying

Via Yahoo Finance Stock markets slid around the world on Thursday after the head of the US Federal Reserve warned about the “uncertain” outlook for the virus-hit US economy. While authorities in numerous countries have been recently upgrading their economic forecasts, central banks are warning that a quick, full recovery is far from assured. Fed...

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New Zealand plunges into recession as economy shrinks record 12%

Via Yahoo Finance New Zealand plunged into recession for the first time in a decade Thursday, as data confirmed a record-breaking economic collapse that forced Prime Minister Jacinda Ardern to defend her pandemic response ahead of next month’s general election. The 12.2 percent contraction in April-June was “by far the largest” since records began, national...

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Bank of England gears up for next stimulus push

Via Yahoo Finance By William Schomberg LONDON (Reuters) – The Bank of England is expected to signal on Thursday that it is getting ready to pump yet more stimulus into Britain’s economy as it heads for a jump in unemployment and a possible Brexit shock. The BoE has already cut interest rates to a record...

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Bank of England September MPC preview: No change expected

Via Yahoo Finance The Bank of England is expected to leave interest rates unchanged and maintain its package of economic stimulus on Thursday, despite increasing pressure on the central bank to take more action. The Monetary Policy Committee will publish its latest decisions at 12pm on Thursday. Private sector economists expect interest rates to be...

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Color blind? How boardroom diversity data eludes advocates

Via Yahoo Finance By Ross Kerber, Jessica DiNapoli and Simon Jessop BOSTON/NEW YORK (Reuters) – Last month CtW Investment Group urged Fresenius Medical Care AG to add diverse directors to its board. The group determined the German company lacked diversity by studying photos of directors and reviewing their backgrounds online to determine their race. “It’s...