transaction: The transaction goes through and a day's rations are secured, according to The Toronto Star. The data technology that underpins virtual currencies like Bitcoin is now also used to deliver aid more efficiently by dramatically lowering the risk of bribes and fraud by local officials a huge, long-standing problem in the industry. The shopkeeper raises a black box to his face and scans the Syrian refugee's iris. The so-called blockchain keeps a record of all transactions and buyers, making sure recipients like Al-Eid get their goods without the added costs of graft or bank transfer fees. The UN's World Food Programme has been testing the use of blockchain technology since 2017 to manage aid for over 100,000 refugees in camps in Jordan, which hosts over 740,000 people from neighbouring countries like war-torn Syria. the associated press file photo It's a very easy process and it doesn't have any complications, Al-Eid says, before taking the food off to his family. And donors can track the use of their aid money, all the way to the refugee family it helps survive.
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year: The 10-year US Treasury yield posted its biggest daily jump since the 2016 US presidential election on Wednesday after activity in the service sector hit a 21-year high and ADP private payrolls data for September came in stronger than expected, according to Nine News Australia. Comments from Fed Chairman Jerome Powell who said the US economy can expand for quite some time also helped the yield rise further. To improve your experience update it here News World Futures point to a lower US stocks open10 00pm Oct 4, 2018Facebook Tweet MailUS stock futures pointed to a lower open for Wall Street on Thursday after robust economic data and optimistic views from the Federal Reserve pushed government bond yields to multi-year highs, while curbing the appetite for stocks globally. The upbeat views raised expectations for a faster pace of monetary tightening, with odds for a fourth interest rate hike in December firming further. With valuations still elevated compared to historic levels, it requires an upbeat earnings season for stocks to maintain their bullish momentum, said Hussein Sayed, chief market strategist at FXTM. Risks are growing with borrowing cost on the rise and fixed-income markets looking very attractive. Rising bonds yields make stocks less attractive, especially those of high-dividend paying companies such as real estate and utilities.
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police: W. and Thornton Rd, according to The Toronto Star. N., Durham police spokesperson David Selby said. The crash occurred just after 2 a.m. near Taunton Rd. One person is dead after a collision in north Oshawa on Wednesday morning at around 2 a.m. Police said both vehicles skidded across the intersection before coming to a halt on the opposite side, severely damaged. Ron Pietroniro / Metroland A grey Honda Civic was stopped at the intersection on Taunton Rd., facing west, when a black Honda Civic smashed into the rear of it.
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south-east asians: The statue depicts three women from China, Korea and the Philippines who symbolise women and teenage girls forced to work in frontline brothels from the early 1930s until Japan's wartime defeat in 1945, according to The Guardian. Sign up for the US morning briefing Campaigners and some historians say as many as 200,000 women mostly Koreans, but also Chinese, south-east Asians and a small number of Japanese and Europeans were forced or tricked into working in military brothels between 1932 and Japan's defeat in 1945. Osaka's mayor, Hirofumi Yoshimura, terminated official ties this week after the US city agreed to recognise the comfort women statue, which was erected by a private group last year in San Francisco's Chinatown district, as public property. In his 10-page letter to San Francisco's mayor, London Breed, Yoshimura noted that historians disagreed about the extent of the Japanese imperial army's involvement in the running of wartime brothels, and described claims included in the statue's inscription as lacking historical evidence. Most of these women died during their wartime captivity. The inscription reads This monument bears witness to the suffering of hundreds of thousands of women and girls, euphemistically called Comfort Women,' who were sexually enslaved by the Japanese Imperial Armed Forces in thirteen Asian-Pacific countries from 1931-1945.
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woman: A moment later, he addresses the groom-to-be Handsome, when you dive down, just suck your tummy in a bit, according to The Guardian. Your bum as well. Beauty, how long can you hold your breath under water one calls out to the sopping wet woman in the wedding gown. It's not the most romantic scenario but the end results post-Photoshop are stunning. A behind-the-scenes image and a Photoshopped final image of David and Jenny A behind-the-scenes image and a Photoshopped final image of David and Jenny. As is a custom in modern-day China, events manager Jenny Cheng and banker David Shaw have shelled out for pre-wedding photos, which can be as ambitious as they are expensive up to AU250,000 if shot in exotic destinations such as Paris, Bali or Sydney.
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aston: Last month Aston Martin had guided that shares would initially be priced at between 17.50 and 22.50 a share but on Monday it narrowed the range to between 18.50 and 20 a share, according to The Guardian. Andy Palmer, the chief executive, said he was focused on the long-term outlook for the business and not the share price on the first day of trading. The share price fall on Wednesday left the 105-year-old firm, James Bond's favourite car marque, with a market value of just above 4bn, sharply lower than its initial hopes for a price tag of over 5bn. Describing the flotation as a historic milestone for Aston Martin, he added We've taken 105 years to get to an IPO initial public offering . I don't think we'll worry about what the shares are doing initially. Aston Martin sold about 25% of its stock, with the offer open to institutional investors, company staff, customers and members of the Aston Martin Owners Club resident in the UK. Private investors will be eligible to buy shares from Monday. We'll always look over the longer term.
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bn: Analysts said Funding Circle, which collects a pool of funds from individuals and companies that it lends out to small businesses, was overvalued and questioned its claim to be a disruptive force in business lending, according to The Guardian. The flotation valued the company at 1.5bn but by the end of Wednesday its market valued had fallen to 1.25bn. The shares fell 24% from the float price of 440p to a low of 334.5p on Wednesday before recovering slightly to end the day at 365p. The collapse wiped millions from the paper fortunes of the company's three founders, who owned 17% of the firm. Russ Mould, an investment director at AJ Bell, said the eight-year-old company was priced too high. Samir Desai, James Meekings and Andrew Mullinger, all aged 35, sold a quarter of their combined holdings in the initial public offering IPO . The founders had originally hoped their collective stakes would be worth 280m, but by the end of Wednesday they were worth 213m.
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cannabis industry: It has also become a serious investment proposition, according to The Guardian. The global cannabis industry has gathered in London this week for Europe's largest marijuana investment conference, Cannabis Invest, with bosses of industrial-scale weed growers hoping to tap UK investors for fresh funds to drive expansion plans. That ingredient is cannabis, and it has exploded into a multibillion-dollar industry as countries relax rules on its medical and personal use. Cannabis capitalism who is making money in the marijuana industry Read more From 17 October, Canada which led the way in legalising prescription cannabis in 2001 will allow the sale of all recreational marijuana. Today, we change that. It's been too easy for our kids to get marijuana and for criminals to reap the profits, Canada's prime minister, Justin Trudeau, said on Twitter when the legislation passed.
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chinese investors: Less than two months from the state election, Ovens Valley MP Tim McCurdy faced Shepparton Magistrates Court to determine if he should stand trial on 10 fraud-related charges over allegations he wrongly used Andrew Gilmour's real estate agency to sell two farms near Cobram to Chinese investors in 2009, according to Nine News Australia. The two men were friends, neighbours and colleagues for years, the court was told on Wednesday. To improve your experience update it here News National Vic Nats MP in court over fraud claims6 02pm Oct 3, 2018Facebook Tweet MailA fall-out between a Victorian Nationals MP and his former friend and colleague over 269,000 in farm sale commissions has landed the politician in court. Commission from the sale of Pamela George's dairy farm was put in the trust of Mr Gilmour's agency and later transferred to McCurdy in 2009, the court was told. However, too much time had lapsed and instead police Detective Sergeant Marcus Boyd took on the case and the investigation moved slowly. In 2014 Mr Gilmour complained to Consumer Affairs Victoria that McCurdy wrongly sold the property using the former's agency letterhead.
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mr higgins: Chris Higgins, general manager of restaurant owners Boutique Venues, arrived in Darwin last week from Brisbane to find the group's upmarket Char Restaurant had been broken into for the fifth time this year, according to Nine News Australia. A 4500 glass panel was smashed and alcohol stolen and a man, 30, who was arrested had previously broken into the venue, Mr Higgins said. To improve your experience update it here News National Call for NY-style crackdown in Darwin6 49pm Oct 3, 2018Facebook Tweet MailA restaurant owner hit by repeated break-ins this year by itinerants stealing alcohol says a New York-inspired zero tolerance crackdown on crime is needed. He had lodged three current insurance claims and several years ago was broken into 12 times in a week. Popular restaurant Tramontana recently shut with owner Franz Frohlich blaming break-ins and difficult economic times. The Northern Territory government is under increasing pressure to deal with the large number of itinerant people sleeping rough in Darwin's CBD and associated crime, violence and alcohol problems.
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commission: Commonwealth Grants Commission The commonwealth will direct the Grants Commission to make data and calculations publicly available and facilitate better public understanding of horizontal fiscal equalisation, according to Nine News Australia. Completing the transition By 2026-27, the system would have fully transitioned to the new, more stable benchmark, as well as a 75 cents in the dollar floor. To improve your experience update it here News National How proposed GST changes would work3 33pm Oct 3, 2018Facebook Tweet MailHOW PROPOSED CHANGES TO GST CARVE-UP WILL WORK Transition payments The Commonwealth will provide short-term, untied funding over the three years to ensure no state receives less than 70 cents per person per dollar of GST.WA will be the only state to stay under this figure for the period 2019-20 to 2021-22 . The NT will also keep at least its existing share of GST. Phase in a new system New benchmark the stronger of NSW or Victoria phased in over six years 2021-22 to 2026-27 . Related Articles Nobel Peace Prize Denis Mukwege and Nadia Murad announced as winnersPM orders investigation into Assistant Treasurer's internet spending Liberal MP's 2000-a-month internet billA GST floor would ensure no state can receive less than 70 cents per person per dollar of GST. In 2024-25, this floor would be raised to 75 cents per person per dollar of GST. The federal government would permanently boost the GST pool by making two more untied payments of 250 million and 600 million. AAP 2018Continue reading PoliticsCONTACT USSend your photos, videos and stories to 9News News The picturesque region where locals have a holiday lifestyle all year round - domain.au Top Stories Nobel Peace Prize winners announcedan hour ago Where you can catch a glimpse of Meghan and Harry Down Under Woman confronts intruder in Adelaide homean hour agoupdate Rebels bikies 'not here to cause trouble' as gang descends on Melbourne10 minutes ago
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parade: After joining the parade of retailers that never recovered from the recession and radical changes in the way consumers shop, a group of investors is planning a comeback for Geoffrey the giraffe and his crew, according to The Toronto Star. Carlos Osorio / Toronto Star The group, made up of secured lenders, said in a bankruptcy court filing Tuesday that it's scrapping an auction for Toys R' Us assets despite receiving a number of qualified bids. After joining the parade of retailers that never recovered from the recession and radical changes in the way Americans shop for toys and everything else, a group of investors is planning a comeback for Geoffrey the giraffe and his crew. The group now believes that it stands a better chance of a realizing a return on its investment by potentially reviving the toy chain, rather than selling it off for parts. The investors said they'll work with potential partners to develop new ideas for stores in the U.S. and other countries that could bring back these iconic brands in a new and re-imagined way. The group will attempt to establish a company that maintains existing global license agreements and can invest in and create new, domestic, retail operating businesses under the Toys R' Us and Babies R' Us names.
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singer: Singer and actress Rihanna. context Image Object name Singer and actress Rihanna. description Singer and actress Rihanna. url Investigators now say what seemed like a string of random burglaries targeting celebrities is part of a gang operation in which suspects picked the homes based on social media postings and celebrities' travel schedules, according to CNN. Police arrested three teens and a 34-year-old woman in connection with the burglaries, and recovered numerous items they believe were stolen from celebrity homes, Capt. With every heist, the number of entertainers and athletes burglarized grew to include a who's who of Los Angeles, from singers Rihanna and Christina Milian, to baseball player Yasiel Puig and football player Robert Woods. Lillian Carranza of the LAPD Commercial Crimes Division said at a news conference Tuesday. Read More Prosecutors alleged Williams burglarized the homes of Rihanna, Milian, Puig and Woods -- all between August 24 and September 27. Yasiel Puig context Image Object name Yasiel Puig description Yasiel Puig url One suspect, Tyress Williams, 19, of Los Angeles, was charged Tuesday with four felony counts of first-degree burglary, according to a criminal complaint.
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trade war: Source Bloomberg More From Bloomberg Markets07 47Oil Market Is on a Razor's Edge, Says FGE's Fesharaki8 hours ago02 49Trade War Most Important Factor Facing Markets, Says DBS' Hou8 hours ago04 29Samsung Profit Likely at 'Peak,' Sanford C. Bernstein's Newman Says8 hours ago03 56Philippine Stock Valuations 'More Reasonable,' ATR Asset's Tarrobago Says9 hours ago All episodes and clips Quick Take Explaining the world with Bloomberg News More episodes and clips02 33Taking From the Rich Might Not Help the Poor02 43It's Getting Harder to Spot a Deep Fake Video03 15Why Japan's Women Problem Is So Hard to Fix02 35Quantum Computing Is One Step Closer to Reality The David Rubenstein Show The David Rubenstein Show Peer-to-Peer Conversations explores successful leadership through the personal and professional choices of the most influential people in business, according to Bloomberg. More episodes and clips24 05The David Rubenstein Show Barry Diller48 11The David Rubenstein Show Jeff Bezos24 03The David Rubenstein Show Dr. Bloomberg's Lananh Nguyen has more on Bloomberg Markets. Jim Yong Kim24 05The David Rubenstein Show Oscar Munoz See all shows
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australian competition: The treasurer, Josh Frydenberg, said millions of Australians were paying too much to the banks and shelling out 2bn a year in foreign transaction fees, according to The Guardian. We want to stop the rip-off, Frydenberg said in Sydney. The Australian Competition and Consumer Commission will look at excessive charges for currency conversions and overseas use of credit cards. The ACCC will also look at charges for transferring money overseas and on prepaid travel cards. If a customer was to transfer 1,000 overseas, it would cost an Australian on average about 80 in fees and exchange rate mark-ups, compared with about 60 for someone in the United States. A customer of an Australian bank who travels overseas and spends 5,000 on their credit card incurs about 140 in foreign exchange transaction fees.
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behemoth: Yet even the biggest company, this behemoth of behemoths, is vulnerable to concerted political pressure and has to live with the basic laws of demand and supply, according to The Guardian. That, put simply, is the explanation for Amazon's announcement of seriously big increases in minimum wages for its workers in the US and Britain. It has come from nowhere to be an online behemoth in less than one-quarter of a century. On the other side of the Atlantic, no worker will be earning less than 15 11.50 an hour double the federal minimum. To be sure, it could be said that a company boasting record profits can afford to pay its workers a decent wage particularly when large numbers of them in the US can only make ends meet on government food stamps but that is not the way businesses are run. Here, the minimum has been raised by 28% for workers in London and 18% for those in the rest of the UK. Forget the idea that this is an act of philanthropy from Amazon's founder and chief executive, Jeff Bezos.
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doubletree hotel: Rep, according to MSNBC. Mike Coffman, R-Colo., arrives early to talk with reporters during the Colorado Republican election night party at the Doubletree Hotel in Greenwood Village, Colo., Nov. 2, 2010. Mike Coffman, R-Colo., arrives early to talk with reporters during the Colorado Republican election night party at the Doubletree Hotel in Greenwood Village, Colo., Nov. 2, 2010. Barry Gutierrez/AP Republicans reach the triage' stage of the 2018 midterm election cycle 10/02/18 10 00 AM Updated 10/02/18 11 29 AM By Steve Benen Ask party officials at the various campaign committees about their expectations in any given race, and in nearly every instance, you'll hear a stock answer. If they expect to lose, they'll say, It's an uphill climb, but we think is going to surprise people on Election Day. If they expect to win, partisans will say something like, is running a great race, and we feel good about his/her chances.
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digitalised companies: Treasurer Josh Frydenberg has called for submissions on a discussion paper to develop a fairer and more sustainable tax system for the digitalised economy to ensure a level playing field for businesses, according to Nine News Australia. The government remains concerned that some very profitable, highly digitalised companies pay very little tax in the countries in which they do business, he said in a statement on Tuesday. To improve your experience update it tech giants on govt radar2 57pm Oct 2, wants to know how it can get hugely profitable tech companies like Apple, Facebook and Google to pay more tax. Mr Frydenberg reaffirmed Australia's commitment to working with other nations through both the G20 and the Organisation for Economic Co-operation and Development, to crack down on multinational tax avoidance. Facebook, Google and other large tech companies make significant amounts of money in Australia but employ very few people and use complex legal arrangements in a bid to pay tax overseas. The federal government has also written to Secretary-General of the OECD Angel Gurria, to offer assistance on developing an appropriate international tax system.
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dow jones: The Canadian dollar traded lower at 78.00 cents U.S. compared with an average of 78.11 cents U.S. on Monday, according to The Toronto Star. Frank Gunn / THE CANADIAN PRESS In New York, the Dow Jones industrial average was up 77.06 points at 26,728.27. The S&P/TSX composite index was down 70.47 points at 16,033.96. The S&P 500 index was down 0.44 of a point at 2,924.15, while the Nasdaq composite was down 5.45 points at 8,031.85. The November crude contract was down 27 cents at 75.03 U.S. per barrel and the November natural gas contract was up 5.3 cents at 3.15 U.S. per mmBTU. Article Continued Below The December gold contract was up 18.10 U.S. at 1,209.80 U.S. an ounce and the December copper contract was up 5.50 cents at 2.84 U.S. a pound. The Canadian dollar traded lower at 78.00 cents U.S. compared with an average of 78.11 cents U.S. on Monday.
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economist rupkey: Source Bloomberg More From Bloomberg Surveillance07 37BIS's Carstens Urges Central Banks to Normalize Rates1 hours ago01 02Economist Rupkey Says U.S. Has Reached Endgame for Economy2 hours ago07 01Sen, according to Bloomberg. Rounds Says Couple Defense, Deterrents to Combat Cyber Attacks2 hours ago02 10White House Presses Kavanaugh Vote as Senate Gets FBI Report2 hours ago All episodes and clips Bloomberg Markets Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens. He speaks with Bloomberg's Francine Lacqua on Bloomberg Surveillance. More episodes and clips04 10Oil Price Doesn't Reflect Full Impact of Iran Sanctions, Jefferies Says03 35Trump Vs. More episodes and clips24 05The David Rubenstein Show Barry Diller48 11The David Rubenstein Show Jeff Bezos24 03The David Rubenstein Show Dr. Bond Market Playbook Has a Long Way to Go, Monson Says02 14Danske Bank Money Laundering Probe Is Widening03 02Epic Airbus-Boeing Fight Signals Long U.S.-China Trade Spat Ahead Quick Take Explaining the world with Bloomberg News More episodes and clips02 43It's Getting Harder to Spot a Deep Fake Video03 15Why Japan's Women Problem Is So Hard to Fix02 35Quantum Computing Is One Step Closer to Reality02 08China Could Soon Become the Detroit of Electric Cars The David Rubenstein Show The David Rubenstein Show Peer-to-Peer Conversations explores successful leadership through the personal and professional choices of the most influential people in business.
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finance: Ontario's Minister of Finance Vic Fedeli has said that his government will not sign on to a proposed ban on certain types of fund fees, according to The Toronto Star. MARK BLINCH / THE CANADIAN PRESS FILE PHOTO The government recently announced that it did not agree with a Sept. 13 proposal from the Canadian Securities Administrators to ban deferred sales charges on mutual funds, a recommendation made after six years of consultations. This government recently made a decision to ignore the concerns of both investors, investment regulators and seniors' advocate groups such as CARP Canadian Association of Retired Persons who called for the banning of deferred sales charges on mutual funds, said New Democrat MPP Sandy Shaw in the legislature Tuesday. Deferred sales charges are fees paid by customers if they move their money out of a mutual fund before a certain time period, usually five to seven years, and are paid regardless of how a fund performs. People across our province struggle to save and put a little money aside for their retirement, and these deferred charges are an unnecessary and extra burden on these people, said Shaw. The national securities administrators had buy-in from all provincial regulators, including the Ontario Securities Commission, to put an end to those, as well as upfront commissions.
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government: Mr Frydenberg today said the government wants to know why Australians pay some of the highest costs in the world, according to Nine News Australia. Australians are paying too much. To improve your experience update it asks ACCC to examine foreign currency fees By Lane Calcutt Political Reporter11 02am Oct 2, Josh Frydenberg, has asked the consumer watchdog to inquire into the fees banks charge customers to exchange currency. We want to stop the rip off, he said. Josh Frydenberg said the government wants to know why Australians pay some of the highest costs in the world AAP Image/David Crosling We want to ensure families get the best possible deal when they travel overseas, when they're changing their Australian dollars into foreign currencies. Millions of Australians travel overseas, buy things on their visa cards, transfer their Australian dollars into foreign currency and banks are charging them too much.
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four-and-a-half year: He said The European commission president Juncker, by equating Italy with Greece, sends the spread gap crazy, according to The Guardian. He could have spared us that. Salvini, who is also Italy's interior minister and leader of the far-right League party, was speaking after Juncker's comments helped send the yield on Italian benchmark bonds to a four-and-a-half year high of 3.4%, while shares in Italian banks plunged. European markets fall after Italy's deficit-widening budget plans Read more Salvini added He should drink two glasses of water before opening his mouth, and stop spreading non-existent threats. Juncker said earlier this week that the Italian governing coalition's pledge to press ahead with a budget deficit that will breach European Union rules threatens the euro's existence. Or we'll ask him for damages.
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fund world: Premier Doug Ford's finance minister,Vic Fedeli, right announced earlier this month that a deferred service charge on mutual funds actually helps investors save for retirement, according to The Toronto Star. Richard Lautens / Toronto Star In the 1990s, a consumer revolution started rocking the mutual fund world as industry critic Glorianne Stromberg wrote two influential reports urging change. As a rookie business reporter in 1987 after switching from news I started covering the astonishing rise of mutual funds from a niche product to their current status as a 1.5-trillion industry in Canada. She highlighted the high and hidden costs of owning this popular investment.I believed her critique could be as disruptive as the U.S. Surgeon General's report on smoking and health 1964 which led to a war on tobacco, and Ralph Nader's pioneering book, Unsafe at Any Speed 1965 which brought in safer cars. Article Continued Below Canadian fund buyers have seen only incremental changes in the past 25 years. Alas, the hopes for large-scale reform were not realized.
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markets news: Source Bloomberg Bloomberg Markets Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens, according to Bloomberg. More episodes and clips04 10Oil Price Doesn't Reflect Full Impact of Iran Sanctions, Jefferies Says03 35Trump Vs. He speaks with Bloomberg's Alix Steel on Bloomberg Markets Balance of Power. Bond Market Playbook Has a Long Way to Go, Monson Says02 14Danske Bank Money Laundering Probe Is Widening03 02Epic Airbus-Boeing Fight Signals Long U.S.-China Trade Spat Ahead Quick Take Explaining the world with Bloomberg News More episodes and clips02 43It's Getting Harder to Spot a Deep Fake Video03 15Why Japan's Women Problem Is So Hard to Fix02 35Quantum Computing Is One Step Closer to Reality02 08China Could Soon Become the Detroit of Electric Cars The David Rubenstein Show The David Rubenstein Show Peer-to-Peer Conversations explores successful leadership through the personal and professional choices of the most influential people in business. Jim Yong Kim24 05The David Rubenstein Show Oscar Munoz See all shows More episodes and clips24 05The David Rubenstein Show Barry Diller48 11The David Rubenstein Show Jeff Bezos24 03The David Rubenstein Show Dr.
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trump vs: Bloomberg's Karlis Salna reports on Bloomberg Markets China Open, according to Bloomberg. Source Bloomberg More From Bloomberg Markets04 10Oil Price Doesn't Reflect Full Impact of Iran Sanctions, Jefferies Says4 hours ago03 35Trump Vs. The twin disasters could deal the economy a heavy blow. Bond Market Playbook Has a Long Way to Go, Monson Says5 hours ago02 14Danske Bank Money Laundering Probe Is Widening5 hours ago03 02Epic Airbus-Boeing Fight Signals Long U.S.-China Trade Spat Ahead7 hours ago All episodes and clips Quick Take Explaining the world with Bloomberg News More episodes and clips02 43It's Getting Harder to Spot a Deep Fake Video03 15Why Japan's Women Problem Is So Hard to Fix02 35Quantum Computing Is One Step Closer to Reality02 08China Could Soon Become the Detroit of Electric Cars The David Rubenstein Show The David Rubenstein Show Peer-to-Peer Conversations explores successful leadership through the personal and professional choices of the most influential people in business. Jim Yong Kim24 05The David Rubenstein Show Oscar Munoz See all shows More episodes and clips24 05The David Rubenstein Show Barry Diller48 11The David Rubenstein Show Jeff Bezos24 03The David Rubenstein Show Dr.
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