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Trump says Sudan will be removed from terror list

Donald Trump says he has agreed to remove Sudan from a list of sponsors of terrorism in exchange for Khartoum paying millions of dollars in compensation to US terror victims and families. “Great news! New government of Sudan, which is making great progress, agreed to pay $335m to US terror victims and families,” said Mr… Continue reading Trump says Sudan will be removed from terror list

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: IBM stock slips after earnings show another revenue decline

International Business Machines Corp. revenue continued to decline in the third quarter, according to a Monday report, and shares sank in after-hours trading following the earnings report. IBM IBM, -0.32% reported third-quarter net income of $2.3 billion, or $2.58 a share, from $2.68 a share in the year-ago period. Earnings from continuing operations were $1.89… Continue reading : IBM stock slips after earnings show another revenue decline

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Bond Report: Treasury yields inch higher on fiscal relief hopes, Biden election odds

U.S. Treasury yields rose on Monday as investors eyed negotiations over a coronavirus aid relief package and the growing odds of a Democratic sweep in the November presidential election. What are Treasurys doing? The 10-year Treasury note yield TMUBMUSD10Y, 0.769% rose 1.7 basis points to 0.760%, while the 2-year note rate TMUBMUSD02Y, 0.161% was up… Continue reading Bond Report: Treasury yields inch higher on fiscal relief hopes, Biden election odds

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: Even Wall Street hates the SEC’s latest attempt to cut regulation

Securities and Exchange Commission Chairman Jay Clayton Getty Images The Trump administration has championed the cause of financial deregulation, with regulators moving recently to ease rules on proprietary trading at large banks, cap payouts to corporate whistleblowers and restrict the ability of small investors to propose rules for shareholders of public companies to vote on.… Continue reading : Even Wall Street hates the SEC’s latest attempt to cut regulation

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City of London plans to ‘reinvent itself’ after pandemic

The City of London wants to encourage small businesses and those in the arts sector to “re-enter the city centre” to help the UK’s financial capital recover from the economic damage of the coronavirus pandemic. The City of London Corporation, which governs the Square Mile, has drawn up a plan to create start-up hubs and… Continue reading City of London plans to ‘reinvent itself’ after pandemic

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Trump calls top virus task force member a ‘disaster’

Donald Trump lashed out at Anthony Fauci, a top White House coronavirus task force member, calling him a “disaster” as the US president attempted to deflect attention from his handling of the pandemic with just two weeks until the election. In a call with his campaign on Monday, Mr Trump played down the severity of… Continue reading Trump calls top virus task force member a ‘disaster’

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The Conversation: NASA’s next landing comes Tuesday — if the spacecraft can avoid crashing on this asteroid’s ‘Mount Doom’

Imagine parallel parking a 15-passenger van into just two to three parking spaces surrounded by two-story boulders. On Oct. 20, a University of Arizona-led NASA mission 16 years in the making will attempt the astronomical equivalent more than 200 million miles away. A NASA mission called OSIRIS-REx will soon attempt to touch the surface of an asteroid… Continue reading The Conversation: NASA’s next landing comes Tuesday — if the spacecraft can avoid crashing on this asteroid’s ‘Mount Doom’

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Market Snapshot: Dow skids 400 points in final hour as investors fret odds of stimulus deal before election

Stock-market benchmarks traded near the session low in the final hour of trade Monday, a reversal of earlier gains, as investors gauged the prospects of a stimulus package being completed ahead of the Nov. 3 election. The Dow Jones Industrial Average DJIA, -1.27% was off 400 points, or 1.4%, trading near 28,205, after touching as… Continue reading Market Snapshot: Dow skids 400 points in final hour as investors fret odds of stimulus deal before election

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Manchester a city united as mayor fights London over virus

When Greater Manchester’s Labour mayor Andy Burnham used a press conference last Thursday to denounce government pressure to agree to tighter coronavirus restrictions, passers-by broke into spontaneous applause. His rallying cry in defence of northern England against a Conservative government in London was still echoing around St Peter’s Square in Manchester — the scene of… Continue reading Manchester a city united as mayor fights London over virus

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UK government signals post-Brexit changes to insurance rules

The UK government is planning post-Brexit changes to some of the most contentious aspects of insurance regulation in a move likely to signal a departure from EU rules. UK insurers must comply with Solvency II, the EU’s insurance capital regime, which came into force in 2016. But industry executives have long complained that the rules… Continue reading UK government signals post-Brexit changes to insurance rules