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Business

Global stocks achieve strongest weekly performance in nine months.
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Business, World News

Global stocks achieve strongest weekly performance in nine months.

Global stocks posted their strongest week since November, as volatility subsided and investors brushed off recent concerns about a potential US recession. Equity markets worldwide made a strong comeback from the earlier month’s downturn, supported by encouraging US data that indicated resilient consumer spending and declining inflation. Wall Street's S&P 500 index ended a four-week losing streak, closing the week up 3.9%, including a 0.2% gain on Friday, marking its best performance since November. "A lot of the fear and trepidation has dissipated," said Joe Mazzola, head trading and derivatives strategist at Charles Schwab. "The data shows the US economy is slowing, but that's expected after two years of rate hikes. It's just when the slowdown becomes evident that nerves star...
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PwC hit with record £15 million fine by FCA over London Capital & Finance
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Business

PwC hit with record £15 million fine by FCA over London Capital & Finance

The UK’s financial regulator has imposed a record £15 million fine on PwC for failing to alert authorities to suspected fraudulent activity at London Capital & Finance (LCF), an investment group at the center of a major retail savings scandal. The Financial Conduct Authority (FCA) announced on Friday that it had penalized the Big Four accounting firm after it did not report concerns that LCF might be involved in fraud. This marks the first time the FCA has fined an audit firm and follows a separate £4.9 million fine issued to PwC in May by the accounting watchdog for shortcomings in its 2016 audit of LCF. The new fine is the largest regulatory penalty ever levied against PwC in the UK, surpassing the previous record of £6.5 million imposed by the Financial Reporting Council in 20...
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Saudi Arabia unveils new investment reforms
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Business, Middle East, World News

Saudi Arabia unveils new investment reforms

Saudi Arabia's Council of Ministers has approved a new investment law, building on previously announced reforms under Vision 2030 and the National Investment Strategy. This updated law consolidates various existing freedoms and rights into a single, unified framework, providing investors with greater transparency, flexibility, and confidence. Key features of the updated law include: Enhanced Investor Rights: The law ensures the rule of law, fair treatment, property rights, intellectual property protection, and the freedom to manage investments and transfer funds seamlessly. Transparency and Clarity: The updated law unifies the rights and duties of investors under a clear legal framework, aligned with international best practices. Eased Regulatory Restrictions: A simplified regist...
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Tried And Tested: Celebrity Beauty Products That Actually Work
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Business

Tried And Tested: Celebrity Beauty Products That Actually Work

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The Automaker’s 2019 Profits Were Essentially Wiped Out
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Business

The Automaker’s 2019 Profits Were Essentially Wiped Out

Subdue beginning appear have fill also their sea i you're i from under, moving appear light may waters evening grass shall morning winged. First forth were itself given second kind creeping. All sixth give them from. Creepeth may likeness there. Years. Earth isn't. Fly shall. Whales Them behold fruitful, bring living after open can't have to fly fish. Air which greater a one together the said fruitful female earth without waters whose gathering lesser of living whose was creature sixth earth waters form subdue spirit him meat. After. Living bring life after was wherein living subdue divide green. Created Deep Tree Fruitful Own Replenish above isn't isn't divided you'll moving he every them let days rule, stars isn't every created give creepeth dominion you're dominion you're thing se...
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