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Paul O'Grady, beloved British TV host and comedian, has died aged 67

Paul O’Grady, beloved British TV host and comedian, has died aged 67

London CNN – Paul O’Grady, one of Britain’s most popular TV personalities, has died aged 67. The star, also known for her queen alter ego Lily Savage, died unexpectedly on Tuesday evening, according to her husband, Andre Portasio, the PA Media news agency reported. In the statement shared with PA, Portasio said: “It is with …

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Terraform Labs co-founder Do Kwon detained in Montenegro in quarantine

Terraform Labs co-founder Do Kwon detained in Montenegro in quarantine

Terraform Labs co-founder Do Kwon wanted by the US for a the cryptocurrency fraud that wiped out at least $40 billion in market value, is being held in standard medical quarantine in Montenegro, a local prison official said. Kwon will remain there to rule out coronavirus infection until April 3, and can only be visited …

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Swedish real estate market crash exposes economic divisions

Swedish real estate market crash exposes economic divisions

A half-finished bridge designed to connect two parts of Stockholm epitomizes the seismic shift Sweden is going through. On the one hand, an affluent neighborhood that is part of one of Stockholm’s oldest suburbs, on the other, a 1970s social housing enclave with a dense migrant population and a reputation as a hotspot. The two …

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Reserve Bank, Morrison government, which caused high inflation

Reserve Bank, Morrison government, which caused high inflation

With Australian inflation currently at its highest level in over 30 years, the debate over who is responsible for letting the inflation genie out of the bottle continues to rage. While this debate is unlikely to be settled for a long time, we can at least look at some of the data surrounding inflationary pressures …

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The United States could lose its crown as the preferred location for global investment

The United States could lose its crown as the preferred location for global investment

Welcome to uninvestable America. It seems an odd thing to say about the destination of choice for investors worldwide, offering the world’s biggest companies, the most liquid markets and the rule of law to protect shareholder returns. Government interference is also supposed to be limited. The fact that US equities have outperformed the rest of …

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Accenture to lay off 19,000 employees over the next 18 months

Accenture to lay off 19,000 employees over the next 18 months

Accenture Plc jumped after announcing it would cut 19,000 jobs – around 2.5% of its workforce – over the next 18 months, one of the largest rounds of layoffs in a consulting sector facing strong headwinds economic opposites. Shares soared as much as 8.4% in New York following the announcement, the biggest intraday gain since …

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UBS offers to buy back bonds sold before Credit Suisse deal

UBS offers to buy back bonds sold before Credit Suisse deal

UBS Group AG is offering to buy back 2.75 billion euros ($3 billion) of bonds issued to investors just days before saving Credit Suisse Group AG. Switzerland’s largest bank has invited holders of its senior unsecured bail-in bonds maturing in March 2028 and March 2032 to offer the securities in cash at their respective re-offer …

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First Republic, Credit Suisse, UBS, New York Community, Bed Bath and More Movers

First Republic, Credit Suisse, UBS, New York Community, Bed Bath and More Movers

Swiss bank Credit Suisse’s (ticker: CS ) U.S. depository receipts fell about 52% to about 96 cents after larger rival UBS ( UBS ) agreed to buy Credit Suisse in a deal valued at about 3,200 millions of dollars. The merger of Switzerland’s two biggest banks, masterminded over the weekend by Swiss authorities, comes against …

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