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News

19 May Motability comes under fire for amassing £2.4bn in cash reserves

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MPs say company that administers disabled vehicle lease scheme needs new road map

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19 May Linklaters criticised by MPs for work with Russian companies

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Focus on how money flows through UK after nerve-agent attack

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19 May UK financial sector wants global talent on tap after Brexit

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LONDON, May 21 (Reuters) - Costs for hiring bankers, accountants and lawyers from outside Britain will soar after Brexit and threaten London's standing as a global financial centre unless the immigration system is urgently reformed, a report said on Monday.

19 May Russian “dirty money” flowing through London damages Britain – UK lawmakers

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LONDON, May 21 (Reuters) - Russian money hidden in British assets and laundered through City of London financial institutions damages the government's efforts to take a tough stance against Moscow's aggressive foreign policy, a committee of lawmakers said on Monday.

19 May Australia shares to start week lower; NZ slips

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May 21 (Reuters) - Australian shares are expected to open lower on Monday, tracking losses on Wall Street, while weak metal prices are likely to weigh on material stocks. All three major U.S. stock indexes posted a weekly loss on Friday, pressured by banks and...

19 May Left behind: why boomtown New Zealand has a homelessness crisis

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WELLINGTON, May 21 (Reuters) - New Zealand's dairy-fuelled economy has for several years been the envy of the rich world, yet despite the rise in prosperity tens of thousands of residents are sleeping in cars, shop entrances and alleyways.

19 May Hawaii faces new threat from volcano – gassy, glassy laze

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PAHOA, Hawaii, May 20 (Reuters) - Hawaii residents dealing with Kilauea's volcanic eruption faced a potentially deadly new challenge on Sunday as lava that reached the Pacific Ocean threatened to send up laze, a hazardous mix of glass particles and noxious gas.

19 May Grayling gives signal for rail to go digital

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Computerisation will allow switch to self-driving system and improved timetable

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19 May European private equity firms Nordic Capital, Inflexion raise $8 bln – FT

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May 20 (Reuters) - European private equity firms Nordic Capital and Inflexion have raised a combined $8 billion in funds, the Financial Times reported on Sunday.