24 July

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No Job Offer? No Problem for Top University Grads Moving to U.K. By Bloomberg

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(Bloomberg) -- Graduates of top global universities will no longer need a job offer in order to secure a visa to work in the U.K., under a government plan to boost innovation. The new route for “internationally mobile individuals” will also allow beneficiaries to extend their visas and settle in the U.K., subject to meeting certain requirements. The move is part of a wider plan to overhaul rules and regulations facing industry as the government seeks to increase the country’s competitiveness after Brexit in everything from financial services to technology. The Department for Business, Energy...

24 July

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El-Erian as Sure Inflation Will Stick as Three Other Right Calls By Bloomberg

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(Bloomberg) -- What bond-market guru Mohammed El-Erian said Friday was enough to make bond investors listen like they’re in an old E.F. Hutton commercial. “Inflation is not going to be transitory,” the chief economic adviser at Allianz (DE:ALVG) SE said in an interview on Bloomberg TV’s The Open show. “I’ve been pretty certain in my mind about three prior calls. This is the fourth one.” El-Erian likened it to his belief in 1999 that Argentina would default, which came true two years later; his conviction that Brazil wouldn’t default, which proved true; and his call...

24 July

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Yellen Warns of Default Risk by October Without Debt-Limit Hike By Bloomberg

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(Bloomberg) -- Secretary Janet Yellen said the Treasury Department will begin special steps on July 30 to avoid breaching the U.S. debt limit as a two-year suspension of the ceiling ends, urging lawmakers to act “as soon as possible” to avert a payment default. There are scenarios in which the Treasury could exhaust its special measures and run out of cash “soon after Congress returns from recess” in September, Yellen said Friday in a letter to lawmakers. She said cash and such measures are expected to decrease by $150 billion on Oct. 1 alone “due to...

23 July

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British Foreign Office notified of new head to Myanmar’s mission in UK By Reuters

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LONDON (Reuters) - The Foreign Office said on Friday it had been notified of the appointment of an interim chargé d'affaires to lead Myanmar's mission in Britain after the ambassador was ousted from the embassy in the aftermath of a Feb. 1 coup. "The FCDO (Foreign, Commonwealth and Development Office) has received notification, in accordance with the Vienna Convention on Diplomatic Relations, of the appointment of a chargé d’affaires ad interim to act provisionally as head of Myanmar’s mission in the United Kingdom," a spokesperson said. ...

23 July

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U.S. stock markets hit new highs, treasury yields up as choppy week winds down By Reuters

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By Jessica DiNapoli NEW YORK (Reuters) -The S&P 500 and Nasdaq indexes hit record highs on Friday after a rocky week in which investors fretted over rising COVID-19 cases, spurred by the more contagious Delta variant, while U.S. Treasury yields rose before a Federal Reserve meeting next week. Megacap tech stocks helped drive main U.S. indexes up again, with the S&P 500 and Nasdaq on track for closing at record highs. Yields on U.S. Treasuries were also up, as was the dollar, with investors eyeing next week's Federal Reserve meeting, where the U.S. recovery...

23 July

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Canada shares higher at close of trade; S&P/TSX Composite up 0.35% By Investing.com

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Investing.com – Canada equities were higher at the close on Friday, as gains in the IT, Consumer Staples and Industrials sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite rose 0.35%. The biggest gainers of the session on the S&P/TSX Composite were Westshore Terminals Investment Corp (TSX:WTE), which rose 28.86% or 4.93 points to trade at 22.01 at the close. Aecon Group Inc . (TSX:ARE) added 11.95% or 2.21 points to end at 20.70 and MEG Energy Corp (TSX:MEG) was up 4.94% or 0.40 points to 8.49 in late trade....

23 July

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French citizen among six held over plan to kill Madagascar president -minister By Reuters

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By Lovasoa Rabary ANTANANARIVO (Reuters) -A French citizen is among six people arrested on suspicion of involvement in a plot to kill Madagascar's president, the Indian Ocean island's public security minister said, and a second official said the president's security had been tightened. "One of the arrested people is French, two of them are bi-national - Malagasy and French. The three others are Malagasy," Rodellys Fanomezantsoa Randrianarison told a news conference late on Thursday. Madagascar's attorney general said on Thursday police had arrested the six following what officials said was a months-long investigation. Patrick Rajoelina, an...

23 July

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Exclusive-Facebook’s Kustomer deal set to face EU antitrust investigation By Reuters

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By Foo Yun Chee BRUSSELS (Reuters) -Facebook's acquisition of U.S. customer service startup Kustomer is set to trigger a full-scale EU antitrust investigation next month, three people familiar with the matter said on Friday. The world's largest social network, which announced the deal in November, is looking to the deal to scale up its instant messaging app WhatsApp, whose usage has soared during the COVID-19 pandemic. The European Commission will conclude its preliminary review of the deal on Aug. 2 after which it will begin an in-depth 90-day investigation, the people said. Facebook (NASDAQ:FB) has until...

23 July

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AstraZeneca’s once-weekly diabetes drug gets U.S. nod for children By Reuters

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(Reuters) - AstraZeneca (NASDAQ:AZN) said on Friday its once-weekly diabetes medicine Bydureon was approved in the United States for use in patients as young as age 10, expanding the drug's access to a critical population. Chemically called exenatide, the drug is an injectable suspension and has been approved by the U.S. Food and Drug Administration (FDA) for use in 10-year to 18-year olds who have type-2 diabetes, the Anglo-Swedish drugmaker said. Type-2 diabetes is the most commonly occurring form of the condition where the body cannot properly use or make enough of the hormone insulin, to...

23 July

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Honeywell raises full-year targets after profit beats on aerospace strength By Reuters

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(Reuters) -Honeywell International reported a better-than-expected quarterly profit and raised its full-year forecasts on Friday, helped by a rebound in demand in its main businesses that serve the aerospace and the energy industries. The U.S. industrial conglomerate, which makes everything from aircraft engines to catalysts used in gasoline production, has seen its bottomline get a boost from rising domestic air traffic and higher demand for fuel as more people have started traveling following COVID-19 vaccinations. "We are especially pleased to see a turnaround in several of our key end markets that were hardest hit by the...

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No Job Offer? No Problem for Top University Grads Moving to U.K. By Bloomberg

El-Erian as Sure Inflation Will Stick as Three Other Right Calls By Bloomberg

Yellen Warns of Default Risk by October Without Debt-Limit Hike By Bloomberg

British Foreign Office notified of new head to Myanmar’s mission in UK By Reuters

U.S. stock markets hit new highs, treasury yields up as choppy week winds down By Reuters

Canada shares higher at close of trade; S&P/TSX Composite up 0.35% By Investing.com

French citizen among six held over plan to kill Madagascar president -minister By Reuters

Exclusive-Facebook’s Kustomer deal set to face EU antitrust investigation By Reuters

AstraZeneca’s once-weekly diabetes drug gets U.S. nod for children By Reuters

Honeywell raises full-year targets after profit beats on aerospace strength By Reuters

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