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UK finance sector unsure of post-Brexit future

London - While Britain's post-Brexit trade deal with the EU has at last been reached, the future of the country's key financial services industry is uncertain ahead of bilateral talks.

US closes key money-laundering, tax evasion channel

Washington - A major avenue for global money laundering and tax evasion has been closed off by a new law requiring disclosure of owners of US shell companies used to hide billions of dollars.

Mobile emulator steals millions from online bank accounts Special

A new form of cyber-crime has seen cybercriminals siphoning off millions from compromised bank accounts using mobile device emulators. This requires a new approach to protecting personal and business accounts.

Nerves in The City at prospect of a 'no-deal' Brexit

London - Britain's financial sector is watching nervously as the prospect mounts of a "no-deal" Brexit, stoking fears of lost clients and influence in key areas, as well as market turbulence.

EU leaders save landmark budget as Brexit looms

Apo - EU leaders on Thursday resolved a bitter dispute with Poland and Hungary and salvaged the bloc's landmark post-coronavirus recovery plan, as the threat of an imminent no-deal Brexit loomed large.Leaders were looking to salvage the EU's 1.

Q&A: Why banks are seeking to garner the advantages of AI Special

The financial business environment is set to see developments in automation and artificial intelligence as banks seek to harness the advantages of informed data insights in order to grow and expand their operations.

Wealth of US billionaires soars during pandemic

New York - America's billionaires have seen their wealth rise by more than $1 trillion since the start of the coronavirus pandemic, according to a study Wednesday, fueling a debate about higher taxes on the rich.

German MPs to grill ex-Wirecard boss over massive fraud

Frankfurt Am Main - Markus Braun, the former chief executive of disgraced payments giant Wirecard, will on Thursday face a public grilling by German lawmakers over the massive accounting fraud that brought down his firm.

Rich nations fall short on climate finance pledge

Paris - Wealthy countries are falling short on a decade-old promise come due to ramp up climate finance for the developing world, according to a semi-official report released Friday. Even those numbers may be inflated, watchdog groups warned.

US firms fund deforestation, abuses in Amazon: report

Rio De Janeiro - Major US financial firms are helping fund environmental destruction and indigenous rights abuses in the Amazon with billions of dollars in investments in questionable companies, according to a report published Tuesday.

How the COVID-19 pandemic is eroding household finances

The coronavirus pandemic has slowed the economy down considerably and it has caused widespread financial problems, for both companies, employees and the typical household. A new survey looks into the situation in the U.S.

Trudeau names Canada's first female finance minister

Ottawa - Prime Minister Justin Trudeau tapped Chrystia Freeland to be Canada's first female finance minister on Tuesday as an ethics scandal that clipped her predecessor's wings reverberates through the government.

Singapore company director charged over Wirecard scandal

Fpo - A company director has been charged in Singapore with falsifying letters linked to scandal-hit German payments giant Wirecard, according to court documents, as the fallout from the firm's collapse spreads further around the world.

Different generations financial priorities revealed

A new survey by The Ascent has looked at shifting financial priorities across different generations across family units during the coronavirus era.

German ministers in hot seat over Wirecard collapse

Frankfurt Am Main - GermanFinance Minister Olaf Scholz on Wednesday said he gave lawmakers a "detailed" explanation of everything he knew about the fraud scandal that brought down payments firm Wirecard, amid criticism that authorities missed early warning signs of troubl...

German ministers face grilling over Wirecard collapse

Frankfurt Am Main - Germany's finance and economy ministers will be grilled by lawmakers on Wednesday about the massive fraud scandal that brought down payments provider Wirecard, amid criticism that authorities failed to act on early warning signs.

Student loans & COVID: Most borrowers unsure about payments

A survey from LendEDU of 1,000 adult Americans who are currently repaying federal student loan debt so that we could better understand how this group has been impacted by the pandemic.

Austrian politicians trade accusations over Wirecard

Vienna - The dramatic collapse of German payment provider Wirecard fuelled a political row in Austria Monday, with former right-wing coalition partners trading accusations of links to key players in the scandal.

Spying claims are latest twist in Germany's Wirecard thriller

Berlin - The plot thickens in the spectacular collapse of payment provider Wirecard: the Austrian man at large over Germany's worst financial fraud scandal may also have had links to secret services.

France's interior boss: rising star of right shadowed by rape claim

Paris - France's new Interior Minister Gerald Darmanin, aged just 37, is a rising star of the right-wing of French politics whose ascension has not been slowed by a claim he raped a woman over a decade ago.

Philippines probes possible ploy to 'mislead' Wirecard investigation

Manila - Philippine authorities are investigating immigration records that show the ex-chief operating officer of collapsed payments provider Wirecard entered the country this week before leaving for China, the Filipino justice secretary said Friday.

Wirecard collapse an 'unparallelled scandal'

Berlin - The dramatic collapse of payments provider Wirecard is an "unparallelled scandal", Germany's finance minister said Thursday, after the group filed for insolvency as it admitted that 1.9 billion euros missing from its accounts likely did not exist.

UN retains $6.5 bln peacekeeping budget

New York - The UN budget for peacekeeping operations will remain at $6.5 billion under an agreement reached overnight among the UN's 193 member states, diplomats said Tuesday.

Scandal-hit Wirecard admits missing 1.9 bln likely gone

Frankfurt Am Main - Shooting-star German payments provider Wirecard on Monday admitted 1.9 billion euros that auditors say are missing from its accounts likely "do not exist", fueling fraud suspicions that saw its CEO resign.

South African bank must replace 12M customer cards Special

The banking division of South Africa's Post Office called Postbank lost over $3.2 million will have to replace more than 12 million customer cards. This followed a cybersecurity incident.

Pompeo criticizes HSBC for backing Hong Kong law

Washington - US Secretary of State Mike Pompeo on Tuesday took to task HSBC for backing Beijing's controversial security law proposal in Hong Kong, warning of businesses' overreliance on China.

UK banking giants back China's Hong Kong security law

Fpo - British banking giants HSBC and Standard Chartered on Thursday backed China's contentious security law proposal for Hong Kong, which critics fear will be used to stamp out dissent in the city.

Challenger insurers are doing better than banks during COVID-19 Special

In recent weeks, the coronavirus pandemic has become a catalyst for digital solutions. One area where growth has been strongest is with challenger insurance startups, who are disrupting the traditional insurance market.

Bitcoin world faces 'halving': what's happening?

London - Bitcoin miners, whose computer processors enable the running of the world's most popular virtual currency, will soon face an event that takes place every four years and alters the profitability of the hi-tech industry.

Debt moratorium 'essential' to help Africa fight coronavirus: Macron

Paris - French President Emmanuel Macron on Wednesday called for a moratorium on the debt of African countries as "an essential step" to help the continent get through the coronavirus crisis.
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Comparison of disposable incomes
Wyatt Emmerich,
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The Euro sign outside the European Central Bank in Frankfurt, Germany
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Phillippine stock market board.
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Couple on couch, working through their budget.
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Toronto s finance district by Tim Sandle.
Toronto's finance district by Tim Sandle.
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Interior of NatWest Castle Street, Liverpool
John Bradley
London s Canary Wharf finance district  as viewed from Greenwich Park.
London's Canary Wharf finance district, as viewed from Greenwich Park.
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PayU Chief Commercial Officer Matthias Setzer
PayU Chief Commercial Officer Matthias Setzer
Standard Chartered bank
Standard Chartered bank
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The G20 Deputy’s Meeting and Financial Market Conference in Berlin on May 19-20.
The G20 Deputy’s Meeting and Financial Market Conference in Berlin on May 19-20.
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A sign outside the headquarters of JP Morgan Chase & Co in New York
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The G20 Deputy’s Meeting and Financial Market Conference in Berlin on May 19-20.
The G20 Deputy’s Meeting and Financial Market Conference in Berlin on May 19-20.
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Photograph of Toronto at night.
Whether crowdfunding is a  new and powerful arrow  or  still in the hype phase  depends on who you a...
Whether crowdfunding is a "new and powerful arrow" or "still in the hype phase" depends on who you ask
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John Swinney MSP
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Federal Reserve G20 Data Display in Ratio Line Chart

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