Sweden pauses plans for J&J COVID-19 vaccinations, awaits review

FILE PHOTO: People stand in line to get a vaccine against the coronavirus disease (COVID-19) outside the Stockholmsmassan exhibition center, turned mass vaccination centre, in Stockholm, Sweden, April 8, 2021. Fredrik Sandberg/TT News Agency via REUTERS STOCKHOLM (Reuters) -Sweden’s Health Agency said on Wednesday it would pause plans to start vaccinations using Johnson & Johnson’s COVID-19 vaccine following reports of […]

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Turkey fines Google for abusing dominant position

FILE PHOTO: A 3D printed Google logo is seen in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration/File PhotoANKARA (Reuters) – Turkey’s Competition Board said on Wednesday it had fined Google more than 296 million lira ($36.65 million) for abusing its dominant position in the search engine services area. In a statement, it said Google had provided advantages to its […]

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Global regulators to refine climate fallout on banks

LONDON (Reuters) – Global banking rulemakers need to undertake further analysis to clarify if lenders need to build up bigger capital buffers to cover possible environmental risks, the Swiss-based Basel Committee of banking regulators said on Wednesday.FILE PHOTO: A coal-burning power plant can be seen behind a factory in China’s Inner Mongolia Autonomous Region, October 31, 2010. REUTERS/David Gray/File PhotoCentral […]

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A VC whose portfolio companies have raised over $1 billion breaks down the unique advantages a SPAC exit provides — and shares how retail investors can profit from the white-hot market without giving in to FOMO

A white-hot SPAC market and regulatory scrutiny might make some potential investors think twice. Hedge fund manager and VC Mike Murphy thinks SPACs will continue to be a great investment for years. He believes investors who do their homework and avoid FOMO can profit from investing in SPACs. See more stories on Insider’s business page. The white-hot SPAC market got […]

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Wells Fargo profit beats estimates as credit costs stabilize

FILE PHOTO: A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith/File Photo(Reuters) – Wells Fargo & Co reported first-quarter profit ahead of Wall Street estimates on Wednesday as the bank set aside less money to cover soured loans. The fourth-largest U.S. lender said profit rose to $4.74 billion, or $1.05 per share, in […]

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Biden’s corporate tax plan gives CFOs earnings angst

Kudlow: Biden’s government targeted tax plan will enrich wealthy firms ‘Kudlow’ host says Biden infrastructure plan includes massive social policy spending The upcoming first-quarter reporting season, which kicks off Wednesday with JPMorgan and Wells Fargo, may be the strongest in more than a decade, according to John Butters, senior earnings analyst at Factset. But instead of popping the champagne, chief […]

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Berlin venture fund founders step up with second German SPAC

(Fixes garble in final paragraph) BERLIN (Reuters) – The founders of a Berlin early-stage venture fund are taking a step up by floating a blank-cheque acquisition company in Frankfurt that will seek to raise more money than they currently have under management. Still, the trio behind 468 Capital says it has the insights and connections to complete only the second […]

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Thailand reports daily record of over 1,300 new coronavirus cases

BANGKOK (Reuters) – Thailand reported on Wednesday 1,335 new COVID-19 cases, the biggest daily rise since the start of the pandemic and the third record rise this week, as the Southeast Asian country struggles with a new wave of infections.FILE PHOTO: A restaurant worker skateboards on an almost empty Khaosan Road during Songkran holiday which marks the Thai New Year […]

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