UK finance minister Sunak named in the list of Britain’s super-rich

UK finance minister Sunak named in the list of Britain’s super-rich

British Chancellor of the Exchequer Rishi Sunak and his wife Akshata Murthy attend a reception to celebrate the British Asian Trust, at The British Museum, in London, Britain, February 9, 2022. Picture taken February 9, 2022. Tristan Fewings / Pool via REUTERS / Register now for FREE unlimited access to Reuters.com Register LONDON, May 20 … Read more

Financial risks of climate change overplayed, senior HSBC banker says

Financial risks of climate change overplayed, senior HSBC banker says

The Angel of Independence monument stands next to British bank HSBC’s headquarters in Mexico City July 17, 2012. REUTERS / Tomas Bravo / File Photo Register now for FREE unlimited access to Reuters.com Register Says focus on such long-dated issues “out of whack” Comments should “raise red flag” with bank clients -NGO HSBC says comments … Read more

Allianz to pay $ 6 bln in US fraud case, fund managers charged

Allianz to pay $ 6 bln in US fraud case, fund managers charged

NEW YORK / MUNICH, May 17 (Reuters) – Germany’s Allianz SE (ALVG.DE) agreed to pay more than $ 6 billion and its US asset management unit pleaded guilty to criminal securities fraud over the collapse of a group of investment funds early in the COVID-19 pandemic. Allianz’s settlements with the US Department of Justice and … Read more

Britain must do more to tackle corruption in politics and finance, lawmaker says

Britain must do more to tackle corruption in politics and finance, lawmaker says

Britain’s Labor Party MP Margaret Hodge attends Britain’s Labor Party annual conference, in Brighton, Britain, September 26, 2021. REUTERS / Hannah McKay Register now for FREE unlimited access to Reuters.com Register LONDON, May 16 (Reuters) – Britain has lost its moral compass and must act to tackle “dirty money” and protect the integrity of its … Read more

Deutsche Bank not financing controversial African oil pipeline, source says

Deutsche Bank not financing controversial African oil pipeline, source says

The logo of Deutsche Bank is pictured on a company’s office in London, Britain July 8, 2019. REUTERS / Simon Dawson Register now for FREE unlimited access to Reuters.com Register FRANKFURT, May 15 (Reuters) – Deutsche Bank (DBKGn.DE) is not financing a pipeline in Africa that environmental campaigners have said will displace thousands of families … Read more

Shanghai aims to reopen more businesses shut down by COVID, Beijing battles on

Shanghai aims to reopen more businesses shut down by COVID, Beijing battles on

Shanghai malls, shops to gradually resume in-store operations Some Beijing districts extend work-from-home guidance Shanghai lockdown frustrates, infuriates residents Curbs have rattled global supply chains SHANGHAI / BEIJING, May 15 (Reuters) – Shanghai will gradually begin reopening businesses such as shopping malls and hair salons in China’s financial and manufacturing hub from Monday after weeks … Read more

Lebanon holds first vote since blast, financial collapse

Lebanon holds first vote since blast, financial collapse

BEIRUT, May 15 (Reuters) – Lebanese vote on Sunday in the first election since their country’s economic collapse, a test of whether Iran-backed Hezbollah and its allies can preserve their parliamentary majority amid soaring poverty and anger at ruling parties. Following months of uncertainty over whether the election would go ahead, polls will open at … Read more

Financial giants tiptoe into TikTok

Financial giants tiptoe into TikTok

The TikTok logo is pictured outside the company’s US head office in Culver City, California, US, September 15, 2020. REUTERS / Mike Blake Register now for FREE unlimited access to Reuters.com Register NEW YORK, May 12 (Reuters) – As TikTok accounts focused on money gain huge followings, stodgy financial firms are wedging themselves into youth-oriented … Read more

Shop and work, UK’s Tesco gives up supermarket space for office area

Shop and work, UK’s Tesco gives up supermarket space for office area

LONDON, May 12 (Reuters) – Tesco (TSCO.L), Britain’s biggest retailer, has tied-up with office rental firm IWG (IWG.L) so that people can use their local supermarket as an office. The deal with Tesco is part of IWG’s plan to add 1,000 new locations to its global network this year as post-COVID-19 demand for hybrid working … Read more

Explainer: Does the cryptocurrency crash pose a threat to the financial system?

Explainer: Does the cryptocurrency crash pose a threat to the financial system?

Representations of virtual cryptocurrencies are seen in this illustration taken November 28, 2021. REUTERS / Dado Ruvic / Illustration / Files Register now for FREE unlimited access to Reuters.com Register WASHINGTON, May 11 (Reuters) – On Tuesday, bitcoin fell briefly below $ 30,000 for the first time in 10 months, while cryptocurrencies overall have lost … Read more