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Tom Barrack, once an informal adviser to Donald Trump and former CEO of Colony Capital, pleaded not guilty to charges of illegal lobbying and lying to federal agents. Barrack, 74, entered a Brooklyn federal courthouse on Monday for his arraignment to the shouts of some hecklers, one of whom yelled, “It’s our democracy, not yours.” On Friday, Barrack was ordered […]
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LONDON — It’s official. Selfridges is exploring a sale, and advisers at Credit Suisse have sent out an information memorandum to potential investors, according to industry sources. The Times of London reported the news on Monday, following an earlier report in June that the company was mulling a sale after being approached by a potential bidder with an offer in […]
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WASHINGTON (Reuters) – Sales of new U.S. single-family homes tumbled to a 14-month low in June and sales in the prior month were weaker than initially estimated, the latest signs that expensive lumber and shortages of other building materials were hurting the housing market.FILE PHOTO: A carpenter works on building new townhomes that are still under construction while building material […]
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Chinese regulators on Monday banned tutoring companies from making profits, a move that sent their shares plummeting, erasing tens of billions of dollars from the value of the country’s once blistering education sector, as Beijing turns its focus to the growing financial burden that students — and their parents — face. Some of China’s biggest publicly listed education companies lost […]
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(Reuters) -Toymaker Hasbro Inc posted a better-than-expected 54% jump in quarterly revenue, helped by rising demand for its “Dungeons & Dragons” tabletop game, while its film and television production unit rebounded after a year of pandemic-led shutdowns.Slideshow ( 2 images )Shares rose 2.3% in premarket trading on Monday as the company’s revenue was boosted by its TV production business, which […]
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Is there more than meets the eye to Kitex Garments, the world’s second-largest children’s garment producer, abandoning Kerala for Telangana?Shine Jacob finds out. On July 9, 2021, an aircraft chartered by the Telangana government took off from Kochi airport for Hyderabad with a disgruntled Keralite industrialist on board. This was Sabu M Jacob, promoter and managing director of Kitex Garments, […]
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(NYTIMES) – The Toyota Prius hybrid was a milestone in the history of clean cars, attracting millions of buyers worldwide who could do their part for the environment while saving money on gasoline. But in recent months, Toyota, one of the world’s largest automakers, has quietly become the industry’s strongest voice opposing an all-out transition to electric vehicles – which […]
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When Amazon founder Jeff Bezos took what some viewed as a joyride to the edge of space earlier this week and then thanked the employees of his e-commerce empire for paying for it, the backlash against the richest man in the world was swift. The anguish left behind from an economic shock induced by a global pandemic compounded animosity towards […]
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Ethereum 'most undervalued' cryptocurrency says trader We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Ethereum is one of the biggest digital currencies out there, second only to bitcoin. […]
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Some banks are increasing staff to cope with demand post-interest rate hikes but mortgage brokers say “ridiculous” house prices have some first home buyers “freaking out”. Competition in parts of the Bay of Plenty meant pre-approvals were also being extended as four or five people were “fighting” for the same home. Meanwhile, one financial research analyst said when it came […]
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