Category Archives: Business

Jay Clayton, Low-Profile Regulator, Is Catapulted Into a Political Fight 

Amid a muted tenure at the S.E.C., the corporate lawyer is now the Trump administration’s intended nominee to be the top prosecutor for the Southern District of New York.

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Left seeks next Ocasio-Cortez in war to remake Democrats 

After losing presidential primaries, progressives try to replicate congressional success in New York

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Mining company Glencore discloses investigation by Swiss AG 

Mining and commodities marketing company Glencore says it has been informed that it is under criminal investigation by Switzerland’s attorney general in connection with alleged corruption in Congo

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150 cannery workers forced into hotel quarantine without pay 

Only three of them tested positive for the coronavirus, suit says.

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With modern thinking, antique lighting retains its luster 

Cyrus Manafzadeh’s Artisan Lamp came through the 2008 financial crisis, and now it’s confronting the coronavirus pandemic.

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‘Banking While Black’: How Cashing a Check Can Be a Minefield 

Black customers risk being racially profiled on everyday visits to bank branches. Under federal laws, there is little recourse as long as the banks ultimately complete their transactions.

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Juneteenth: What Companies and Employees Aim to Achieve 

Companies are observing Juneteenth as a holiday for the first time following nationwide protests calling for racial equality. Employees up and down the corporate ladder explain what they hope the day will achieve. Photo: Jake May/Associated Press

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Wall Street rises in early trading, tracking gains worldwide 

Wall Street is rising in early trading Friday, putting the S&P 500 on pace to close out a winning week after encouraging reports raised hopes for a coming economic recovery

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US pulls out of talks on big tech tax at last minute 

France has accused the US of deliberately provoking the European Union by withdrawing from major talks on digital tax. Tech giants are able to pay minuscule tax rates by shifting profits overseas.

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Vacation rentals in huge demand among ‘safety-first’ holidaymakers 

As countries gradually ease lockdown restrictions, people craving for an excursion are heading to nearby holiday homes. Go-local is the new mantra among holidaymakers seeking both safety from the coronavirus and privacy.

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MAGGIE PAGANO: Slavery’s shameful legacy haunts the FTSE 100 

When the British government abolished slavery in 1833, around 47,000 individuals involved in the slave trade were compensated for the ‘property’ they had lost overseas.

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We reveal the most reliable hybrid and electric cars you can buy today 

Thinking about buying an electrified car – be it a standard hybrid, plug-in hybrid of pure electric model? These are the examples you might want to consider and avoid based on reliability…

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America’s new $600 billion rescue program off to a rocky start 

The Federal Reserve’s Main Street lending program is supposed to provide low-cost loans to small and mid-sized businesses. But small-business owners say they can’t find banks willing to do the loans.

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Carnival to sell six cruise ships as bookings dry up 

Holiday company loses $4.4bn in three months during coronavirus crisisCoronavirus – latest updatesSee all our coronavirus coverageCarnival suffered losses of $4.4bn (£3.6bn) in three months, as the cruise company’s business was all but sunk by the Covid-19 pandemic.Revenues dropped to $700m from $4.8bn for the same March-May period in 2019, as bookings dried […]

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Summer vacationers weigh testing, quarantine or staying home 

Homebound travelers desperate to venture out for the first time since the pandemic are confronting a vacation landscape this summer that may require coronavirus tests for the family and even quarantines

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