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US banks ride ‘soft landing’ high
JPMorgan Chase and Wells Fargo beat forecasts as consumers prove more resilient than fearedWorld - Financial Times - October 14 -
UK to consult on ‘opt-out’ AI content scraping in blow to publishers
Decision follows months of lobbying from tech sector and creative industriesBusiness - Financial Times - October 16 -
Lebanon feels it is being punished for a decision Hizbollah made
Civil society has sprung into action but the overwhelming sense of solidarity may be hard to sustainBusiness - Financial Times - October 16 -
Half of low-paid Londoners use a food bank, survey finds
A survey finds 23% of London’s lowest-paid workers go to a food bank once a week and 28% once a year.Top stories - BBC News - October 15 -
Citi and BofA join other big US banks in beating gloomy forecasts
Stronger than expected earnings add to hopes of a ‘soft landing’ for economyBusiness - Financial Times - October 15 -
US banks consider cutting interest payments on company deposits
Lenders target corporate clients as they seek to maintain profit margins with Fed trimming benchmark ratesBusiness - Financial Times - October 20 -
BlackRock leads opposition to new US limits on bank ownership
A proposal by regulators requires passive investment funds to seek approval when holdings hit 10%Business - Financial Times - October 24 -
US leads efforts to keep lifeline for West Bank lenders open
Yellen warns Netanyahu of ‘economic catastrophe’ if Israel refuses to extend waiver for Palestine banksBusiness - Financial Times - October 28 -
Closure of UK inheritance tax ‘loophole’ to penalise estates of wealthy pensioners
Experts say big tax bills could result from Rachel Reeves’ move in the BudgetBusiness - Financial Times - October 30 -
Tesla and US bank stocks jump in post-election trades as renewables slump
Companies whose fortunes are closely tied to US economy should benefit, say analystsWorld - Financial Times - 2 days ago -
US central bank boss says Trump can't fire him
The US central bank cuts interest rates, as its chairman vows to stay on the job.Top stories - BBC News - Yesterday -
Israel targets Hezbollah-run banks as U.S. probes alleged leak of Iran attack plan
The White House says President Biden is "deeply concerned" about the possible leak of American intelligence about Israel's plans for an attack on Iran. Meanwhile, Israel is turning up pressure on ...Top stories - CBS News - October 21 -
Israeli or Palestinian, U.S. Voters in the West Bank Say Biden Let Them Down
Tens of thousands of U.S. citizens live in the Israeli-occupied territory, on opposing sides of an entrenched conflict, where neither Palestinians nor Israelis have much enthusiasm for Kamala Harris.World - The New York Times - 4 days ago -
Wall Street banks enjoy bumper fees as debt issuance and deals activity rebound
Morgan Stanley rounds off strong earnings seasonBusiness - Financial Times - October 16 -
US rolls out ‘open banking’ rules to make sharing financial data easier
Agency finalises regulations aimed at increasing competition and helping consumers link bank accounts to appsBusiness - Financial Times - October 22 -
Top US regulator warns of potential crisis if final bank guardrails fall away
Finance industry steps up effort to further undermine Basel III endgame after winning major concessions on termsBusiness - Financial Times - October 25 -
US ex-Juul users suddenly find thousands in their bank accounts after lawsuit: ‘I forgot about it completely’
Recipients say they filed class-action claims on a whim amid lawsuit alleging products were unlawfully marketed to minors. Drewe Raimi was lying in bed scrolling TikTok when she got the ...World - The Guardian - October 25 -
Banks’ use of AI could be included in stress tests, says BoE deputy governor
Sarah Breeden says technology’s ‘power and use . . . is growing fast’Business - Financial Times - October 31 -
US central bank lowers interest rates by quarter point as new Trump term looms
Rates are now at 4.5% to 4.75%, after two reductions by the Federal Reserve starting in September. The US Federal Reserve lowered interest rates by a quarter point on Thursday, knocking them ...World - The Guardian - Yesterday -
U.S. military uses B-2 bombers to conduct airstrikes on Houthis in Yemen
The U.S. military carried out airstrikes against the Houthis in Yemen. Defense Secretary Lloyd Austin said five underground weapons storage facilities were attacked using B-2 stealth bombers.World - CBS News - October 17 -
U.S. Says North Korean Troops Are in Russia, Might Be Used in Ukraine War
Biden administration officials are still weighing a response as Moscow becomes more reliant on foreign assistance to reinforce its military offensive in eastern Ukraine.World - The Wall Street Journal - October 23 -
Meta Permits Its A.I. Models to Be Used for U.S. Military Purposes
The shift in policy, covering government agencies and contractors working on national security, is intended to promote “responsible and ethical” innovations, the company said.Tech - The New York Times - 4 days ago -
ASML just gave us a first glimpse into how U.S. chip export curbs will dent its China sales
ASML on Tuesday offered the first glimpse into how U.S. restrictions on exports of its advanced chip manufacturing tools to China will impact its sales in the Asian country.Business - CNBC - October 17 -
TSMC denies U.S. is probing the company after report suggests blacklisted Huawei is using its chips
TSMC has denied a report that the U.S. is investigating its dealings with Huawei, following news that one of its chips has been found in a Huawei product.Business - CNBC - October 23 -
White supremacist planned to blow up electricity station with explosive-laden drone, U.S says
A white supremacist is accused of trying to destroy an electricity substation in Tennessee in an attempt to bring down the regional power network and disrupt American society, authorities said Monday.Top stories - NBC News - 4 days ago -
A Skeleton Bank of Understudied Species
With a new database of medical images, zoo and wildlife vets can finally see what healthy uncommon animals, from rhinos and tamarins to pangolins and sea stars, should look like on the inside.World - The New York Times - October 26 -
Deutsche Bank's Investment Bank Performance, Provision Releases Lift Profit
Deutsche Bank reported a better-than-expected rise in its third-quarter profit on growth in its investment-banking division and the partial release of provisions linked to litigation over its ...Business - The Wall Street Journal - October 23 -
Corporate Retreats Are Back. Hotels Are Banking on It.
Desire for more face-to-face meetings is spurring companies to book group events.Business - The Wall Street Journal - October 14 -
Bank of Canada resorts to jumbo rate cut as growth falters
Slowdown prompts shift to 50bp reduction, with rate-setters saying borrowing costs are likely to fall furtherWorld - Financial Times - October 23 -
UK banks deserve a place in the sun
Third-quarter results underscore their low sensitivity to interest ratesWorld - Financial Times - October 29 -
The West Bank Is on the Edge of Economic Collapse
After over a year of war, the economy in the occupied West Bank is being choked off by restrictions on Palestinians’ movements in the territory, the cancellation of work permits in Israel and ...World - The Wall Street Journal - 3 days ago -
Harris phone banks on Election Day
Vice President Kamala Harris spent Election Day phone banking and thanking her staff at Democratic headquarters in Washington D.C. Nancy Cordes reports.Top stories - CBS News - 3 days ago -
Bank of America tops estimates on better-than-expected trading revenue
Bank of America benefited from its Wall Street trading and banking divisions in the third quarter, just as rival JPMorgan Chase did.Business - CNBC - October 15 -
UK to raise bank ringfencing threshold to ‘improve competitiveness’
Wider package of reforms expected ‘as soon as parliamentary time allows’, says ministerBusiness - Financial Times - October 15 -
Citigroup earnings top estimates, but stock falls as bank boosts loan loss reserves
The bank's third-quarter report was stronger than Wall Street expected but still showed a year-over-year decline in earnings.Business - CNBC - October 15 -
Switzerland’s wealth managers bank on a future in Asia
Hong Kong and Singapore are the world’s rising wealth centresWorld - Financial Times - October 16 -
Cher, Tyra Banks and Others Celebrate Burberry’s Flagship Store Reopening
The British brand hosted a starry cocktail party to celebrate a makeover of its flagship store.Lifestyle - The New York Times - October 17