Deutsche Bank went on hiring spree while failing to deliver on costs
German lender has bulked up on back-office staff who do not generate revenue
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Deutsche Bank fined €10mn by Spanish regulator over forex mis-selling
German watchdog BaFin set to conclude its own investigation in coming weeksFinancial Times - Feb. 10 -
UBS’s stock got clobbered after earnings. Deutsche Bank says it’s now a buy.
UBS’s stock is now worth buying, after tumbling following the Swiss banking giant’s fourth-quarter earnings report, Deutsche Bank analysts say.MarketWatch - Feb. 11 -
NHS 'recovery plan' fails to deliver new dentists or more appointments
NHS leaders say the contract for dentists to carry out NHS work needs redrawing.BBC News - Feb. 13 -
Bank of England Cuts Rates While Warning of Inflation and Trade War Risks
The central bank cut rates for the third time in about six months as it said economic growth had been weaker than expected.The New York Times - Feb. 6 -
Reeves was subject of expenses probe while bank executive, investigation finds
UK chancellor’s LinkedIn profile also changed after BBC says she spent five and a half years working at central bankFinancial Times - Feb. 13 -
UK banks to lobby Reeves on hiring top foreign talent
Chancellor’s meeting with financial services groups expected to focus on visas, regulation and taxFinancial Times - Feb. 12 -
AstraZeneca, Whitehall, and a failed £450m deal for the next generation in vaccines. What went wrong?
When the pharma firm cancelled plans for a major expansion of its Merseyside plant last month, there was no shortage of questions – or blame – over responsibility. At a tense meeting with senior ...The Guardian - Feb. 8 -
Fast break AI: How Databricks helped the Pacers slash ML costs 12,000X% while speeding up insights
The jaw-dropping decrease is a credit not only to Databricks, but PS&E's ability to reduce ML compute to near-infinitesimal amounts.VentureBeat - Feb. 11 -
The Pentagon needs a budget cut, not a spending spree
Lawmakers are pushing to increase Pentagon spending by up to $500 billion, but this would accelerate our national debt and fail to address wasteful programs and inefficiencies.The Hill - Feb. 12
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US objects to phrase ‘Russian aggression’ in G7 statement on Ukraine
Trump administration splits with allies on holding Moscow responsible for warFinancial Times - 1h -
Ukrainians rigged Russian drone pilot goggles with explosives, officials say
Mossad pager attacks inspired sabotage by Kyiv’s defence intelligence unitFinancial Times - 6h -
European stocks outpace Wall Street since Trump took office
Surprise outperformance driven by lack of day-one tariffs on EU and prospect of end to Ukraine warFinancial Times - 1h -
The Maga-fied right is missing Britain’s real crisis
It’s not a terminal moral malaise that’s blighting the country, it’s an economic oneFinancial Times - 6h -
US tech will pay a price for Trump’s approval
The risks of a backlash are rising and could galvanise European competitorsFinancial Times - 1h
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Gold may soar past $3,000 — but at these prices you’re overpaying
Why you can expect below-average returns from gold in coming years.MarketWatch - 15m -
Trump Tests Fed’s Independence With Order Expanding Authority Over Agencies
A directive calling for oversight over the central bank’s regulatory and supervisory responsibilities has set off alarm.The New York Times - 16m -
Airbus Says U.S. Tariffs Would Be ‘Lose-Lose’ for Airline Industry
The European airline maker, which is Boeing’s chief rival, said it would adapt to any new tariffs, including passing on costs to its customers.The New York Times - 22m -
Stagflation-like trend can’t be ruled out, Fed’s Musalem says
The U.S. economy is facing the potential risk of a period in which the labor market softens as inflation heats up, St. Louis Federal Reserve Bank President Alberto Musalem said on Thursday.MarketWatch - 25m -
Amazon surpasses Walmart in revenue for first time
Walmart reported $180.5 billion in sales during the most recent quarter while Amazon reeled in $187.8 billion.CNBC - 35m