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FINANCE

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IMF calls on El Salvador to drop Bitcoin as legal tender

Digital Desk -
The International Monetary Fund wants El Salvador to drop the highly volatile cryptocurrency Bitcoin as legal tender and strictly regulate the electronic wallet the...
BUSINESS

Norwegian Air ‘has been saved’, says chief executive

Digital Desk -
Low-cost carrier Norwegian Air Shuttle has been saved, its chief executive said, adding it had “written history” after the ailing airline struggled with the...
BUSINESS

Barclays fined £26m over treatment of credit customers during pandemic

Digital Desk -
Britain’s very own Barclays Bank is being fined £26m over the treatment of some credit customers who fell in arrears or experienced financial difficulties. The...
BUSINESS

Credit Suisse indicted over alleged ties to Bulgarian mafia

Digital Desk -
Swiss prosecutors have filed an indictment against bank Credit Suisse for allegedly failing to do enough to stop money laundering linked to drug trafficking...
ECONOMY

Bank of England to hold rates as UK economy rebounds

Digital Desk -
The Bank of England is expected to leave interest rates on hold at the historic low of 0.1 per cent on Thursday as the...
BUSINESS

Pound hits six-week lows on worsening Brexit talks outlook

Digital Desk -
The battered pound has sunk to its lowest level against the US dollar since July amid mounting concerns over Boris Johnson’s controversial plans to...
FINANCE

US Federal Reserve vows to keep providing aid and does not expect rates hike

Digital Desk -
The US Federal Reserve has made clear that it will keep providing support by buying bonds to maintain low borrowing rates and forecasting no...
FINANCE

EasyJet and Carnival poised to exit FTSE 100 as virus hammers travel firms

Digital Desk -
Budget airline easyJet and cruise operator Carnival are set to tumble out of the FTSE 100 after being battered by travel restrictions during the...
FINANCE

Coronavirus: IMF cancels £400m of debt repayments to help poor countries

Digital Desk -
Debt payments for the world’s most impoverished countries totalling £400 million have been cancelled to allow them to focus on dealing with coronavirus. The International...
FINANCE

British banks suspend dividends to save money for coronavirus fight

Digital Desk -
Britain’s biggest banks have become the latest to scrap their dividends, as businesses scramble to save money by stopping payments to shareholders amid the...
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