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Malaysia maintains 1MDB fight despite economic woes

Malaysia is determined to achieve a settlement with Goldman Sachs over its involvement with the 1MDB state investment fund despite having to deal with the economic fallout of coronavirus. “We continue to engage [Goldman] . . . It will stop when we get the right number,” Zafrul Aziz told the Financial Times in an …

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Rosengren sees more US businesses needing Fed rescue

Virus outbreaks in the coming months will drive a “ramp up” in demand for the Federal Reserve’s $600bn lending scheme to help American business weather the coronavirus pandemic, a senior central bank official has predicted.  “My expectation and my fear is that we still have community spread in many areas …

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Silicon Valley weighs whether to leave Hong Kong

A sweeping new law from Beijing that aims to bring Hong Kong’s internet under its control has left Silicon Valley scrambling, with at least one Big Tech company considering a total retreat from the territory. The national security law passed last week effectively moves Hong Kong’s internet within China’s Great …

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Multiple Boohoo inspections find no modern slavery offences

UK authorities have found no evidence of modern slavery offences in the first round of inspections on Boohoo subcontractors in Leicester, underlining the challenge of tackling allegations about the city’s illegal garment factories. Over the past week seven separate government agencies visited nine premises in Leicester, prompted by allegations about …

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Meet the world’s first watch portraitist

When it comes to watch auctions, Julie Kraulis is a demographic aberration. She is not a millennial billionaire with a multimillion-a-year Richard Mille habit; nor is she a 60-odd-year-old collector with 100 Rolex Daytonas under the bed; nor, for that matter, a fast-talking West Coast watch dealer with a celebrity-rich contacts list. You …

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