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  Morgan Stanley loses $911m in Archegos fiasco

  AFP | Updated at 10:34pm on April 17, 2021

  Morgan Stanley took a $911 million loss in the meltdown of Archegos Capital Management, the investment bank’s chief executive James Gorman said on Friday. That...

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  Philips selling home appliance arm to Asian investment firm

  AFP | Updated at 11:40pm on March 25, 2021

  Dutch firm Philips announced on Thursday the sale of its home appliances business to Asian investment firm Hillhouse Capital for 3.7 billion euros ($4.4 billion),...

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  UK unemployment dips to 5pc

  AFP | Updated at 10:48pm on March 23, 2021

  Britain’s unemployment rate dipped to 5 per cent in the three months to the end of January, remaining close to five-year highs on the fallout...

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  BA mulls HQ sale amid telecommuting boom

  AFP | Updated at 11:27pm on March 20, 2021

  British Airways is mulling the sale of its headquarters near Heathrow Airport to raise funds, as many employees embrace telecommuting during the coronavirus pandemic. ‘The...

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  BoE keeps interest rate at record-low 0.1pc

  AFP | Updated at 11:33pm on March 18, 2021

  The Bank of England on Thursday kept its key interest rate at a record low, as the economic outlook is boosted by lockdown-easing plans and...

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  Amazon to expand health care service across US

  AFP | Updated at 10:57pm on March 17, 2021

  Amazon announced plans Wednesday to launch a health care service to employers across the United States that would include quick access to telemedicine and home...

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  BMW expects ‘significant’ rise in 2021 earnings

  AFP | Updated at 10:56pm on March 17, 2021

  German luxury automaker BMW said Wednesday it expected a ‘significant increase’ in profit before tax this year and would speed up its transition to electric...

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  Warren Buffett net worth surpasses $100b: Forbes

  AFP | Updated at 11:08pm on March 11, 2021

  US businessman Warren Buffett on Wednesday joined the small circle of executives worth more than $100 billion, which also includes Jeff Bezos, Elon Musk, Bernard...

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  Boeing orders top cancelations for first month since 2019

  AFP | Updated at 11:24pm on March 10, 2021

  Boosted by new contracts for the 737 MAX, Boeing reported on Tuesday that new commercial plane orders last month exceeded cancelations for the first time...

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  Honda launches advanced self-driving cars in Japan

  AFP | Updated at 11:05pm on March 05, 2021

  Honda launched the world’s most advanced self-driving car licensed for the road on Friday, releasing an initial batch of 100 models in Japan. The Legend...