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Analysis-Italian banks’ government debt risks: real or just deja-vu?
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Chinese splash out on tech goods, camping gear in shopping fest
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Absa’s digital excellence receives international recognition
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Belarus says it is resuming verification activities under arms control treaties
Pfizer to buy 8.1 percent stake in French vaccines company Valneva
Date: June 20, 2022
PARIS (Reuters) -U.S. healthcare giant Pfizer has agreed to invest 90.5 million euros ($95.24 million) to buy an 8.1% percent stake in French vaccines company, as the companies announced developments in their partnership to tackle the Lyme disease. Pfizer will buy the stake in Valneva, which is also working on its COVID-19 vaccine, at a...
UK minister warns public sector workers not to expect above-inflation pay rises
Date: June 20, 2022
LONDON (Reuters) – The British government needs to be sensible about public sector pay, junior treasury minister Simon Clarke said on Monday, warning that above-inflation rises would only worsen general inflation that is predicted to top 11% later this year. Teachers and doctors are among those who have threatened to vote on industrial action if...
Corporate Banks are Racing Toward a Digital Future
Date: June 20, 2022
By RAJASHEKARA V. MAIYA Vice President and Head, Business Consulting Group, Infosys Finacle While retail banking has seen a tremendous transformation over the last few years, corporate banking has remained relatively untouched by the fintech revolution. On their part, corporate banks have made several proactive efforts to protect their ground when it comes to corporate...
Corporate Banking Digital Transformations: Well begun, but banks need to keep up
Date: June 20, 2022
By Justin Silsbury, Lead Product Manager for Cash Management, Infosys Finacle Early steps Traditionally, enterprises were so reliant on manual processes and physical interactions for banking that banks would even station relationship managers on their clients’ premises. It would take a pandemic to push tech-reluctant corporate banking to digitize at speed. Today, corporate banks as...
British energy regulator plans new rules to help customers as prices soar
Date: June 20, 2022
(Reuters) -Britain’s energy regulator on Monday proposed new measures to protect consumers and prevent energy suppliers from charging high direct debit payments as households struggle to meet soaring energy bills. Regulator Ofgem said its measures were aimed at reducing the risk of more electricity and gas suppliers going bust, preventing a repeat of the crisis...
Bank of England withdraws mortgage affordability test
Date: June 20, 2022
LONDON (Reuters) – The Bank of England said on Monday that its Financial Policy Committee would withdraw its mortgage affordability test recommendation following a review of the mortgage market. The withdrawal will come into effect from August, the BoE said. The central bank introduced the test in 2014 to ensure that borrowers do not become...