Business

Deutsche Bank cuts 250 jobs | City & Business | Finance

Germany’s largest lender is trying to control its sustained fall in the securities unit, according to people with knowledge of the bank’s problems, amid reports up to 500 workers could lose their jobs. In the last two weeks both the London and the US branches has seen senior and mid-level investment banking positions removed. Both Marc Benton, who oversaw European ...

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How Banks Could Control Gun Sales if Washington Won’t

“We do not believe permitting the sale of firearms on our platform is consistent with our values or in the best interests of our customers,” a spokesman for Square told me. The big financial firms don’t even have to go that far. For example, Visa, which published a 71-page paper in 2016 espousing its “corporate responsibility,” could easily change its ...

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Next for Dream: Boutique Hotels in Belize and Tulum

The luxury hotel market, once concentrated in only the largest cities, has surged over the last decade. Jay Stein, the chief executive at the Dream Hotel Group, has taken advantage of the demand, shining a light on a company that helped cultivate one of the most popular trends in modern upscale lodging. “We started the rooftop bar craze,” Mr. Stein ...

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Ethereum co-founder warns cryptocurrencies could hit zero | City & Business | Finance

Despite inventing a cryptocurrency, Vitalik Buterin warned traditional assets are the “safest bet”. He tweeted: “Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time. Don’t put in more money than you can afford to lose. “If you’re trying to figure out where to store your life savings, traditional assets are still ...

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Tax Overhaul Gains Public Support, Buoying Republicans

The tax overhaul that President Trump signed into law now has more supporters than opponents, buoying Republican hopes for this year’s congressional elections. The growing public support for the law coincides with an eroding Democratic lead when voters are asked which party they would like to see control Congress. And it follows an aggressive effort by Republicans, backed by millions ...

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Why A.I. Researchers at Google Got Desks Next to the Boss

A growing number of tech companies are pushing research labs and other far-reaching engineering efforts closer to the boss. The point is unmistakable: What they are doing matters to the C.E.O. It may even be the future of the company. “The world is moving faster and faster. It is being driven by technology and innovation,” said John Kotter, an emeritus ...

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Greece WOBBLES: Fears rise over Greek financial stability despite major debt upgrade | City & Business | Finance

Despite ratings agency Fitch upgrading Greece’s sovereign credit status on Monday, analysts remain unconvinced that Greece is out of its tumultuous economic period. The positive news may be too little, too late for Greece as analysts’ opinion remains negative. Looking at the medium to long-term prospect of Greece, individuals are sceptical regarding the prospects of Greece and are watching closely ...

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