08 December

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UK-based kids’ bank account app gohenry raises $40 million

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LONDON (Reuters) - Children's bank account app gohenry said on Tuesday it had raised $40 million to fund expansion in its home market of Britain and in the United States. Gohenry, which was founded eight years ago, offers accounts for children charging parents 2.99 pounds ($3.99) per month. It is used by 1.2 million parents and children. A raft of fintechs have...

08 December

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Goldman Sachs signs pact to wholly own China joint venture

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HONG KONG (Reuters) - Goldman Sachs Group Inc (NYSE:GS) has signed a pact with its China joint venture partner to wholly own the business, becoming the latest foreign bank to take advantage of the opening up of the financial sector in the world's second-largest economy. The process to boost its stake in the Goldman Sachs Gao Hua (GSGH) venture from...

08 December

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Big carbon? Oil majors turn to nature to help plug revenue gap

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By Shadia Nasralla LONDON (Reuters) - Oil companies such as BP (LON:BP) and Shell (LON:RDSa) are nurturing nature as a future revenue stream, betting on an expected rise in carbon credit prices as their fossil fuel profits ebb. BP last year put $5 million into Finite Carbon, a company that...

08 December

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Asian stocks under pressure as pandemic concerns outweigh stimulus hopes

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By Pete Schroeder and Julie Zhu WASHINGTON/HONG KONG (Reuters) - Asian stocks came under pressure on Tuesday as investors struggled to balance hopes for more economic stimulus and vaccines with anxiety over a surge in COVID-19 infections. A mixed Asian open followed a similarly mixed Wall Street session with the tech-heavy Nasdaq Composite closing at a record high as investors flocked to...

08 December

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Australia to make Facebook, Google pay news outlets for content

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SYDNEY (Reuters) - Australia locked in plans on Tuesday to make Facebook Inc (NASDAQ:FB) and Google (NASDAQ:GOOGL) pay its media outlets for news content, a world-first move aimed at protecting independent journalism that has drawn strong opposition from the internet giants. Under laws to be introduced to parliament on Wednesday, Treasurer...

08 December

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Rio Tinto may face a fine when Australia cave inquiry reports on Weds

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MELBOURNE (Reuters) - Rio Tinto (LON:RIO) may face calls to pay compensation or a fine when an Australian parliamentary inquiry releases an interim report on Wednesday into how the firm legally destroyed ancient sacred rock shelters for an iron ore mine, industry sources said. The inquiry into the destruction of the...

08 December

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Hyundai Motor to recall Kona EV, Nexo hydrogen SUVs to fix brakes

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SEOUL (Reuters) - Hyundai Motor Co is planning to recall a total of 50,864 Kona electric cars and Nexo fuel cell vehicles in South Korea due to faulty electronic braking systems, the transport ministry said. Their braking systems may not function due to software defects, the ministry said, but did not mention if...

08 December

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ANZ, Citi, Deutsche Bank committed for trial in Australian court on criminal cartel charges

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(Reuters) - Australia's competition regulator on Tuesday said Citigroup Inc (NYSE:C), Australia and New Zealand Banking Group, Deutsche Bank AG (DE:DBKGn) and senior executives have been committed to Australian Federal Court for trial on criminal cartel charges, in the country's biggest white collar criminal case. The regulator has...

08 December

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Scientists warn of ‘critical oversight’ in EU green finance rules

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By Kate Abnett BRUSSELS (Reuters) - More than 100 scientists have urged the European Commission to address urgently a "critical oversight" in its planned rules on sustainable finance that they say could undermine the bloc's climate change goals. The European Union last month published a first set of draft criteria for its sustainable finance taxonomy - a system of classifying investments that...

08 December

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Second U.S. judge blocks Commerce restrictions on TikTok

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By David Shepardson WASHINGTON (Reuters) - A second U.S. judge late on Monday granted a preliminary injunction blocking the U.S. Commerce Department from imposing restrictions on Chinese-owned short video sharing app TikTok that would have effectively barred its use in the United States. U.S. District Judge Carl Nichols in Washington issued an order...

Меню

UK-based kids’ bank account app gohenry raises $40 million

Goldman Sachs signs pact to wholly own China joint venture

Big carbon? Oil majors turn to nature to help plug revenue gap

Asian stocks under pressure as pandemic concerns outweigh stimulus hopes

Australia to make Facebook, Google pay news outlets for content

Rio Tinto may face a fine when Australia cave inquiry reports on Weds

Hyundai Motor to recall Kona EV, Nexo hydrogen SUVs to fix brakes

ANZ, Citi, Deutsche Bank committed for trial in Australian court on criminal cartel charges

Scientists warn of ‘critical oversight’ in EU green finance rules

Second U.S. judge blocks Commerce restrictions on TikTok

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