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Exclusive: California probes Google’s treatment of Black female workers

By Paresh Dave (Reuters) – California’s civil rights regulator is investigating Google’s treatment of Black female workers following alleged incidents of harassment and discrimination, according to two people familiar with the matter and emails from the agency seen by Reuters. Attorneys and analysts at the California Department of Fair Employment and Housing (DFEH) have repeatedly …

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Workers union Pro warns of strikes at UPM’s Finnish plants

HELSINKI (Reuters) – Plants at UPM-Kymmene could face a workers strike as the forestry firm has not agreed to discuss proposals on a new labour agreement, Finland’s Pro trade union said on Friday. The current collective agreement negotiated by the union will end on Dec. 31 and the company has responded negatively to all invitations …

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J.P.Morgan Securities to pay $200 million to settle U.S. regulatory charges on record-keeping lapses

By Katanga Johnson WASHINGTON (Reuters) -U.S. regulators fined J.P. Morgan Securities $200 million for “widespread” failures to preserve staff communications on personal mobile devices, messaging apps and emails, and are probing similar lapses at other financial institutions, they said on Friday. JPMorgan Chase & Co’s broker-dealer subsidiary admitted to the charges and to violating securities …

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Global bond funds see biggest outflow since early April 2020 – Lipper

(Reuters) – Global bond funds posted huge outflows in the week ended Dec. 15, as investors anticipated that major central banks would shift the direction of their monetary policy during key policy meetings this week, pressured by soaring inflation levels. Investors offloaded global bond funds of $6.91 billion, marking their biggest weekly net selling since …

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Analysis: Reddit IPO to test social media platform’s ‘meme’ stock hype

By Dawn Chmielewski and Sheila Dang (Reuters) – Reddit users have helped fuel dozens of “meme” stock rallies this year, from retailer GameStop Corp to movie operator AMC Entertainment Holdings Inc. Some analysts are skeptical this will be the social media platform’s saving grace as it prepares to sell its own shares in the stock …

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Analysis-In Chile’s polarized election, stark divides offer investors a silver lining

By Rodrigo Campos and Fabian Cambero NEW YORK/SANTIAGO (Reuters) – Chile’s presidential election, the most polarized in decades, has given markets the wobbles. But there may be a silver lining for investors within the stark divides: buffers from a split Congress and candidates’ moderating stances to lure key centrist voters. The Sunday head-to-head sees leftist …

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Biden farm debt relief plan to exclude thousands of minority farmers, data shows

By Leah Douglas and Christopher Walljasper WASHINGTON/CHICAGO (Reuters) – The latest version of the Biden administration’s plan to forgive billions of dollars in farm debt – initially targeted at farmers of color – will exclude thousands of its originally intended recipients because of a change in loan eligibility, according to government data reviewed by Reuters. …

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London’s West End sees muted Christmas trading as Omicron bites

LONDON (Reuters) – London’s main shopping and entertainment district has predicted a muted final weekend of Christmas trading after customer traffic plunged on Thursday, with the highly transmissible Omicron coronavirus variant keeping people at home. The New West End Company, which represents 600 brands, restaurants and businesses in London’s West End, said footfall on Thursday …

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Russian truckmaker Kamaz looks to prisons to plug workforce deficit

MOSCOW (Reuters) – Russia’s largest truckmaker Kamaz is considering bringing in prisoners to work at its largest factories to compensate for a workforce deficit, CEO Sergei Kogogin said on Friday. “We are assessing how to apply the (work) programme developed by the Federal Penitentiary Service,” Kogogin told reporters. The firm faces a shortage of 4,000 …

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