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City faces another post-Brexit blow as EU moves to restrict some trade

The City of London is facing another blow to its post-Brexit dominance after the EU moved to require businesses to settle more transactions reducing financial risk within the bloc. The plan focuses on transactions in securities called derivatives and on financial market clearing houses, the intermediaries that enable the transfer of funds to sellers and …

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Amazon’s cloud unit faces cost-sensitive customers as economic fears rise

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Amazon Web Services has been its parent company’s biggest growth engine for most of the past decade, taking business with some of the world’s largest technology vendors. But as companies face the most discouraging economic environment since the 2008 financial crisis, those massive checks they send to AWS for their technology infrastructure are coming under …

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Amazon faces Black Friday protests and strikes in 40 countries

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Thousands of Amazon warehouse workers in about 40 countries plan to take part in protests and walkouts to coincide with Black Friday sales, one of the busiest days of the year for online shopping. line. Employees in the US, UK, India, Japan, Australia, South Africa and across Europe are demanding better wages and working conditions …

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Potential News Corp, Fox meeting faces opposition from major shareholder

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Rupert Murdoch, CEO of News Corp. Getty Images The plan proposed by Rupert Murdoch to unite press company and Fox faces opposition from one of the major shareholders of both companies, Independent Franchise Partners. The London-based company believes other alternatives, such as breaking up News Corp, should also be explored. He also believes a recombination …

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After Swift Return, Iger Faces Disney’s Long-Term Challenges

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Robert A. Iger moved at the speed of light on two fronts in his first 24 hours as new-former Disney CEO. He sought to restore stability – bringing the core leadership team closer together, exuding a patriarchal sense of security in a company-wide email – while announcing organizational and operational changes designed to “honor and …

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EU plans subsidy war chest as industry faces ‘existential’ threat from US

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Press play to listen to this article Expressed by artificial intelligence. The EU is in emergency mode and preparing a major subsidy campaign to prevent European industry from being wiped out by US rivals, two senior EU officials have told POLITICO. Europe faces a double hammer blow from the United States If it weren’t enough …

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America faces possible railroad strike in two weeks after biggest union rejects labor deal | CNN Business

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New York CNN Business — America faces a growing risk of a crippling nationwide freight rail strike in two weeks. Rank and file members of the country’s largest rail union, which represents drivers in the industry, have rejected a tentative labor agreement with the freight railways, the union announced on Monday. The country’s second-largest railway …

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Futures Due: The market faces a big test; 4 Dow stocks in a nutshell

SpaceX faces labor charges after firing employees who criticized Elon Musk

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Enlarge / Elon Musk arrives for the 2022 Met Gala at the Metropolitan Museum of Art on May 2, 2022 in New York City. Getty Images | Angela Weiss Eight former SpaceX employees who were fired after circulating an internal letter criticizing Elon Musk have filed suit for being unlawfully terminated. Unfair labor practice charges …

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