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Finance

Show me the money: JPMorgan bankers top City pay grades at £461k a year
US investment bank JPMorgan pays its managing directors in London an average of £461,000 (US$737,877) per year – substantially more than any other bank in Britain’s financial epicenter.

30.10.2014 14:51

51 countries declare banking secrecy ‘obsolete’, sign pact in Berlin
Finance ministers from over 51 countries signed an agreement in a step closer to ending the dark financial underworld of tax-evasion and money-laundering. Another 30 countries pledged to join by 2018.

30.10.2014 13:56

Lenovo buys Motorola becoming world’s third largest smartphone producer
Chinese giant PC producer Lenovo has completed the $2.9 billion acquisition of the handset unit in the iconic mobile maker Motorola Mobility, fortifying its positions in the US and other developed markets.

30.10.2014 13:37

Apple in talks to bring iPhone to Iran
Apple is in early stage talks with Iranian distributors about entering the country’s market after the US began to loosen sanctions on exports to Iran. A sign of warming relations with Teheran is seen after a 35 freeze that began in 1979.

30.10.2014 12:54

Denmark 'pours $428k' into researching fictional troll
Denmark’s Council for Independent Research (DFF) will contribute some 2.5 million kroner (US$428,000) into funding research on a fictional troll – an underground being which exists in popular myth on the island of Bornholm in the Baltic Sea.

29.10.2014 14:48

‘Show me the money.’ Time for Brussels to put up or shut up on Ukraine
Ukraine’s parliamentary election results are in. While the outcome restores some much needed democratic legitimacy - the fractured state’s future is far from certain.

29.10.2014 11:48

China to protect whistleblowers exposing corruption
Chinese authorities have said, for the first time, that whistleblowers will receive legal protection amid the country’s ongoing fight against corruption.

29.10.2014 08:24

FB for currency scams? EU may probe bankers’ social media
Traders accused of currency manipulation at some of the world’s biggest banks may soon have their social media data handed over to authorities conducting the investigation.

28.10.2014 13:36

Rampant financial crime in City of London eroding public trust - BoE
A top Bank of England (BoE) official warns widespread financial crime in the City of London is eroding public trust. The BoE’s criticism surfaced as it launched a review to tackle market manipulation.

28.10.2014 19:08

Alibaba founder Jack Ma tops China’s rich list
The personal fortune of Jack Ma, the founder and executive chairman of Alibaba, jumped to $19.5 billion from $7.1 billion last year, after his e-commerce company conducted the world’s biggest IPO, Forbes magazine has said.

28.10.2014 12:28

‘Pandora’s box’: Cameron risks fines if Britain refuses to pay EU tax bill
A failure to comply with the European Commission’s demand on the UK to contribute an extra £1.7bn ($2.66 billion) to the European Union budget could result in fines for the British government, it emerged on Monday.

27.10.2014 15:24

China to invest £105bn in UK infrastructure by 2025
China will boost ageing UK infrastructure by investing £105bn into several energy, real estate and transport projects by 2025, according to a report published on Monday by law firm Pinsent Masons.

27.10.2014 13:42

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