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Chinese fintech giant Ant Group must “cut off” the “improper connections” between its payment platform and its financial products, the country’s regulators said, in the first public announcement of Ant’s “rectification programme” since its record-breaking public offering was halted. The impact could be to effectively strip Ant down to a mobile payments platform, returning it
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Larry Connor The Connor Group Larry Connor, the leader of eponymous Ohio-based real estate firm The Connor Group, earlier this year signed on to fly to the International Space Station. But first, before beginning his astronaut training, Connor will dive to the bottom of the ocean. Connor is partnering with deep sea specialist EYOS Expeditions
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A late amendment to New York State’s just-passed $212 billion budget restricts $1.3 billion of bonding for the Empire Station Complex project at Manhattan’s Penn Station to transportation expenses, “and not for above-grade development contemplated in the general project plan.” While the move prohibits Gov. Andrew Cuomo from using the funds for his “15 Penn”
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Stephanie Wiggins has been tapped to head the Los Angeles County Metropolitan Transportation Authority as the transit agency struggles to recover from pandemic-driven ridership losses. As LA Metro’s CEO, Wiggins will manage a budget of nearly $7 billion and oversee up to $20 billion in capital construction projects. The agency has 11,000 employees that transport
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After a slow start marred by delays and supply shortages, Europe’s vaccination drive is stepping up a gear in nations including France, Germany and Italy even as they struggle to control a third wave of the pandemic. France announced an acceleration of its much-criticised Covid-19 vaccination campaign on Sunday, increasing the gap between the two
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The municipal market took a breather on Friday after a busy week which brought with it continued strength as triple-A general obligation yield curves were largely unchanged and Treasuries were stronger. A hefty slate of taxables, corporate CUSIP and unversity-led issues will dominate the calendar next week. An estimated $7.33 billion of new supply is
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Chinese regulators have fined Alibaba a record Rmb18.2bn ($2.8bn) after finding that the ecommerce group had abused its market dominance. The fine, which was set at 4 per cent of Alibaba’s 2019 revenues, concludes an antitrust investigation into the company founded by Jack Ma. It comes as Chinese authorities have stepped up scrutiny on dealmaking
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In this video, Peter Martin introduces Exchange Traded Funds (ETFs), explaining what they are, as well as pointing out some of the benefits of investing in this type of instruments. Explore the opportunities for unlimited commission-free investing in Stocks & ETFs now. – https://www.trading212.com/en/Free-Stock-Trading Download the free native mobile apps now: Trading 212 for iOS
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Chicago will host a virtual investors’ conference May 6 with the municipal market looking for insights into how the city will use its $1.8 billion of new federal relief, manage rising pension payments and the long-term COVID-19 fiscal fallout. The city has so far only sent out a “Save the Date” for the May 6
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Real-world partnerships and integrations into thriving industries are some of the best forms of validation for blockchain projects that are seeking long-term sustainability and widespread adoption. They also have the ability to spark rallies that trigger long-term price appreciation as brand awareness spreads.  Since February enterprise-level adoption and a wide array of use cases have
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Workers at an Amazon warehouse in Bessemer, Alabama, have voted resoundingly against unionisation, a major blow to the US labour movement and its hopes of gaining a foothold within the ecommerce giant. Around 55 per cent of the facility’s almost 6,000 workers cast a postal ballot. The “no” vote passed the required threshold of 1,607