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Nov 1 (Reuters) – The Federal Deposit Insurance Corporation (FDIC) is investigating potential misconduct by executives and board members of First Republic Bank (FRCB.PK), raising the prospect of stiff penalties for the failed bank’s former bosses. “We can confirm a D&O probe into First Republic is taking place,” a spokesperson told Reuters on Wednesday, referring … Read more
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LONDON, Oct 22 (Reuters) – A milestone move by the European Central Bank toward launching a digital euro within a few years means the time has come for the newest incarnation of money to prove its worth. A few countries have introduced central bank digital currencies (CBDCs), China is trialling a prototype yuan with 200 … Read more
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The logo of Korean Airlines is seen on a B787-9 plane at its aviation shed in Incheon, South Korea, February 27, 2017. REUTERS/Kim Hong-Ji/File Photo Acquire Licensing Rights BRUSSELS, Oct 17 (Reuters) – South Korea’s biggest carrier, Korean Air Lines (003490.KS), will offer to sell Asiana Airlines’ (020560.KS) air cargo business and divest routes to … Read more
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European flags fly outside the European Commission headquarters in Brussels, Belgium September 20, 2023. REUTERS/Yves Herman//File Photo Acquire Licensing Rights BRUSSELS, Oct 17 (Reuters) – The European Commission said on Tuesday it would step up its scrutiny of the business practices of social media influencers, a market estimated to be worth some 20 billion euros … Read more
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Biggest-ever gaming deal closes after UK approval UK regulator CMA had blocked the acquisition in April Microsoft agreed to sell streaming rights to win approval CMA says ‘sticking to its guns’ pays off for gamers LONDON, Oct 13 (Reuters) – Xbox maker Microsoft (MSFT.O) closed its $69 billion deal for Activision Blizzard (ATVI.O) on Friday, … Read more
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Signage is seen at the Federal Trade Commission headquarters in Washington, D.C., U.S., August 29, 2020. REUTERS/Andrew Kelly/File Photo Acquire Licensing Rights Oct 13 (Reuters) – Evolv Technologies (EVLV.O) on Friday said the U.S. Federal Trade Commission had requested information about certain aspects of the AI-based weapons screening firm’s marketing practices. The company did not … Read more
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The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. REUTERS/Jim Bourg/File Photo Acquire Licensing Rights NEW YORK, Oct 13 (Reuters) – The U.S. Securities and Exchange Commission (SEC) will not appeal a recent court ruling that found it was wrong to reject an application from Grayscale Investments … Read more
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Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing Rights Oct 12 (Reuters) – The Biden administration is considering closing a loophole that gives Chinese companies access to American artificial intelligence (AI) chips through units located overseas, according to four people familiar … Read more
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Wall Street due to change to one day settlement in May Shorter time could increase competitiveness of EU markets Could be complex due to numbers of institutions involved LONDON, Oct 5 (Reuters) – The European Union, Britain and Switzerland have little choice but to copy Wall Street in speeding up share trading, though it will … Read more
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The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. REUTERS/Robert Galbraith/File Photo Acquire Licensing Rights Sept 29 (Reuters) – The European Union is examining alleged anticompetitive practices in chips used for artificial intelligence, a market that Nvidia (NVDA.O) dominates, Bloomberg News reported on Friday, citing people … Read more