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16 Jun French court finds Bashar al-Assad’s uncle guilty over property fraud

Posted at 11:52h in News by KMFSLLP 0 Comments

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The uncle of Syrian President Bashar al-Assad was found guilty of acquiring millions of euros worth of French property using funds diverted from the Syrian state and sentenced to four years in prison on Wednesday.

16 Jun UPDATE 2-China’s CPIC boosts IPO market with $1.8 bln London listing

Posted at 11:48h in News by KMFSLLP 0 Comments

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Shares in China Pacific Insurance Co (CPIC) rose on their London debut on Wednesday after the company completed the largest fund raising on the London Stock Exchange in three years, sparking hopes of a revival in the market for initial public offerings.

16 Jun UPDATE 2-UK fines Commerzbank $47 mln for lax money laundering controls

Posted at 11:44h in News by KMFSLLP 0 Comments

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* Bank agreed to early settlement to reduce fine (Adds details of poor controls)

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16 Jun Amigo Loans founder to walk away after losing vote to oust board

Posted at 11:29h in News by KMFSLLP 0 Comments

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James Benamor will sell his entire 61% stake after battle with UK lender

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16 Jun Britain to tackle economy in “creative” way after EU transition, says PM Johnson

Posted at 11:28h in News by KMFSLLP 0 Comments

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Prime Minister Boris Johnson said on Wednesday Britain could deal with its economy in "a creative and constructive way" after a status quo transition with the European Union finishes at the end of this year.

16 Jun Special delivery: activists urge France to rein in Amazon

Posted at 11:20h in News by KMFSLLP 0 Comments

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Environmental campaigners delivered a 12-foot (3.6-metre) tall mock-up of an Amazon parcel to the French finance ministry on Wednesday to demand that the government rein in the e-commerce giant's expansion in France.

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16 Jun Commerzbank fined £38m for London money laundering failures

Posted at 11:17h in News by KMFSLLP 0 Comments

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Second-largest levy imposed by City regulator for failings to combat potentially illegal transactions

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16 Jun Website platform Contentful raises $80 million from investors

Posted at 11:15h in News by KMFSLLP 0 Comments

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Contentful, a startup based in Berlin and San Francisco, said on Wednesday it had raised $80 million from investors led by Sapphire Ventures to scale up its content management systems for commercial websites.

16 Jun As the ECB ponders purchases, bond angels aren’t falling

Posted at 11:08h in News by KMFSLLP 0 Comments

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An expected wave of credit rating cuts for companies as a result of the coronavirus crisis has yet to materialise, data shows, meaning speculation that the European Central Bank will buy bonds of "fallen angels" downgraded to junk m

16 Jun Coronavirus turmoil fuels the rise of AI-powered companies

Posted at 11:00h in News by KMFSLLP 0 Comments

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For the past seven years, a Munich-based firm called riskmethods has tried to interest companies in buying software that allows them to track all their suppliers in a way that minimizes risks in operating globally spread supply chains.

News

16 Jun French court finds Bashar al-Assad’s uncle guilty over property fraud

16 Jun UPDATE 2-China’s CPIC boosts IPO market with $1.8 bln London listing

16 Jun UPDATE 2-UK fines Commerzbank $47 mln for lax money laundering controls

16 Jun Amigo Loans founder to walk away after losing vote to oust board

16 Jun Britain to tackle economy in “creative” way after EU transition, says PM Johnson

16 Jun Special delivery: activists urge France to rein in Amazon

16 Jun Commerzbank fined £38m for London money laundering failures

16 Jun Website platform Contentful raises $80 million from investors

16 Jun As the ECB ponders purchases, bond angels aren’t falling

16 Jun Coronavirus turmoil fuels the rise of AI-powered companies

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