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The Latest Breaking News on Financial Services

Although moderating inflation has raised investor confidence, the Fed has signaled its intention of further rate hikes. Moreover, with recessionary fears looming, the stock market could be volatile for a while. Against this backdrop, fundamentally weak stocks Advanced Micro Devices (AMD) and Rivian Automotive (RIVN) might be best avoided now.…

StockNews.com

World’s biggest investment fund warns directors to tackle climate crisis or face sack

Norway’s sovereign wealth fund threatens to vote against boards on firms it holds investments with over lax climate and social targets

The Guardian - UK

Brits struggling with debt could save thousands in 'unfair' fees thanks to new rules

Consumers who enter a debt solution which is not right for them can face dire consequences and could force them to stay in debt for much longer

Daily Mirror

From analysis to the latest developments in health,
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Danske Bank UK profits jump by two thirds on transaction and interest rates boost

It made £103.3 million for the full year 2022 compared to £61.3 million in the previous year.

Birmingham Post

Letters explaining $5 note shock decision released

Letters explaining the future of Australia's $5 note, which will include a replacement for the portrait of the monarch with a new design, have been released.

AAP

IMF giving Pakistan tough time in 'unimaginable' economic crisis - PM

Pakistan Prime Minister Shehbaz Sharif said on Friday the International Monetary Fund was giving his country a "tough time" over unlocking stalled funding from a $6.5 billion bailout at a time of "unimaginable" economic crisis.

Reuters

Taxpayer-funded review that found 'flaws' in Robodebt scheme was discontinued by Department of Human Services, royal commission told

In a deal worth almost $1 million, the Department of Human Services engaged a consultancy firm PricewaterhouseCoopers to review the budget savings program, but then declined to see the end result.

ABC News

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Britain ‘relaxed’ about Australia omitting King Charles from new $5 banknote, high commissioner says

‘It is for Australia to decide what it wants on its coins, and on its notes,’ Vicki Treadell says

The Guardian - AU

Krungsri aims to grow regional base

Bank of Ayudhya (Krungsri) continues to expand its financial business in Asean and targets its regional customer base exceeding 500,000 this year.

Bangkok Post

Activists gather to support 'Barclays 7' women who broke windows at bank’s headquarters

Climate activists want to draw attention to Barclays’ role as the UK and Europe’s largest fossil fuel investor – and their tactics were inspired by the suffragettes’ window smashing protests of 1911 and 1912

Daily Mirror

Pursuing economic growth will kill us all in the end

Letters: I risked prison to stand up against an system that will lead to ecological and societal collapse – we must look for alternative economic models, writes Zoe Cohen

The Guardian - UK

Man who drunkenly killed banking boss in the West End cleared of murder but faces jail

Steven Allan, 34, punched Paul Mason three times in the mistaken belief he had stolen a mobile phone

Evening Standard

Drunk electrician killed bank CEO in phone row outside The Ivy

A man who drunkenly attacked and killed a wealthy banker after he left The Ivy Club in London’s West End is facing jail.

The Independent UK

Two men seen 'jumping out' of burning car in Old Swan

The car caught fire close to traffic lights

Liverpool Echo

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Wales Online

One of Wales' best known shopping centres, Cardiff's Queen's Arcade, is in receivership

The Queens Arcade in the centre of Cardiff has been hit by falling rental income and footfall

The Guardian - UK

UK borrowers may struggle to repay debt as economy worsens, says Santander

Bank puts aside more money to protect itself from potential defaults in expected recession

Insider UK

US fintech firm chooses Edinburgh for European hub

The managed services provider to wealth managers is now actively recruiting in the capital

The Independent UK

Santander braces for 10% plunge in house prices and rising borrower defaults

The UK bank put by £321 million for bad debts in 2022, including a further £65 million in the fourth quarter ahead of a likely recession.

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Birmingham Post

Queens Arcade in the centre of Cardiff in property receivership

The retail scheme has been hit by falling footfall and rental income but a new mixed-use development remains the plan

The National (Scotland)

King Charles' portrait will NOT feature on Australia's new five dollar banknote

KING Charles III’s image will not feature on Australia’s new five dollar banknote.

Asharq Al-Awsat

Australia to Remove British Monarch from Banknotes

Australia will erase the British monarch from its banknotes, replacing the late Queen Elizabeth II's image on its $5 note with a design honoring Indigenous culture, the central bank said Thursday. The decision to leave her successor King Charles III off the $5 note means no monarch would remain on…

Bangkok Post

Malaysian graftbusters freeze opposition party’s accounts

KUALA LUMPUR: Malaysian anti-graft authorities have frozen the bank accounts of an opposition party led by former prime minister Muhyiddin Yassin amid an investigation that the pro-Malay group said was an attempt to destroy its credibility.

Al Jazeera

Australia says no place for King Charles III on new A$5 note

Central bank says new design will honour ‘the culture and history of the First Australians’.

Evening Standard

King Charles will not feature on Australia’s new five dollar banknote

An effigy of the Queen will continue to be printed on Australia’s coins until the Royal Australian Mint transitions to a portrait of the King

WEKU

Australia's central bank says it will remove the British monarchy from its bank notes

Australia's central bank says its new $5 bill would feature an Indigenous design rather than an image of King Charles III. But the king is still expected to appear on coins.

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