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Sri Lanka cenbak gov says to review possible illegal money channels as remittance drops

4 Dec 2021

By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s top central bank official on Saturday said remittances have declined over the past six months, prompting authorities to examine if the sudden drop in foreign cash inflow was linked to the use of any illegal channels for transactions. Ajith Nivard Cabraal, the governor of the bank, told …

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U.S. State Department phones hacked with Israeli company spyware – sources

4 Dec 2021

By Christopher Bing and Joseph Menn WASHINGTON/SAN FRANCISCO (Reuters) – Apple Inc iPhones of at least nine U.S. State Department employees were hacked by an unknown assailant using sophisticated spyware developed by the Israel-based NSO Group, according to four people familiar with the matter. The hacks, which took place in the last several months, hit …

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Explainer-How could China’s Didi delist from the New York Stock Exchange?

4 Dec 2021

By Echo Wang (Reuters) -China’s ride-hailing giant Didi Global Inc’s announcement on Friday that it plans to withdraw from the New York Stock Exchange and pursue a Hong Kong listing raises the question of how the move will happen. The decision, just five months after the company’s debut on the NYSE, was a stunning reversal …

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Donors eye Dec. 10 decision on shifting frozen funds for Afghanistan

4 Dec 2021

WASHINGTON (Reuters) – Donors to the World Bank-administered Afghanistan Reconstruction Trust Fund (ARTF) have agreed to decide about a transfer of funds to humanitarian aid agencies by Dec. 10, a World Bank spokesperson said on Friday. The World Bank’s board this week backed transferring $280 million from the $1.5 billion trust fund, which was frozen …

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Biden says he is crafting a plan for Russia-Ukraine crisis

4 Dec 2021

By Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Joe Biden said on Friday he is developing comprehensive initiatives to make it difficult for Russian President Vladimir Putin to invade Ukraine and that he would not accept Moscow’s “red lines,” as fears mounted that the simmering conflict could erupt into war. A video teleconference between the two …

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Unicredit German unit to take significant portion of job cuts under new plan – source

4 Dec 2021

MILAN (Reuters) – UniCredit’s German arm is set to take a significant portion of the around 3,000 voluntary redundancies expected under the Italian bank’s new business plan, a person close to the matter said. Bloomberg News reported earlier on Friday half of the expected job cuts would hit the group’s German operations. UniCredit will unveil …

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Democracy activist Law urges Hong Kong voters to ignore Dec. 19 election

4 Dec 2021

LONDON (Reuters) – Hong Kong democracy activist Nathan Law called on voters in his home city to ignore a legislative election this month, the first under sweeping new rules imposed by Beijing, saying they should not lend the vote any legitimacy. China announced in March broad changes to the former British colony’s electoral system, reducing …

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