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UK’s Hunt says won’t implement tax cuts that fuel inflation
SummaryHunt to present budget update on WednesdayIs under pressure from some Conservatives to cut taxesHunt says British economy has turned a cornerLONDON, Nov 19 (Reuters) – British finance minister Jeremy Hunt said on Sunday he would not implement tax cuts that would push up inflation, days before he announces a major budget update that is…
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Nations will exceed $200 million methane finance pledge at COP28
Agence France-PresseNovember 19, 2023 | 4:02pm WASHINGTON, United States — A US challenge to raise at least $200 million to tackle global-warming methane gas emissions will be exceeded at the COP28 climate talks in Dubai that begin later this month, a senior State Department official said Friday. Non-carbon dioxide greenhouse gases contribute to more than…
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Finance ministry asks PSU banks to take measures to strengthen cybersecurity
NEW DELHI: The Finance Ministry has asked state-owned banks to review systems and processes related to their digital operation in view of the recent
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Finance ministry urges state-owned banks to strengthen cybersecurity after UCO Bank’s digital glitch
The union finance ministry has asked state-owned banks to review systems and processes related to their digital operation in view of the recent UCO Bank incident.According to sources, the banks have been advised to check their cybersecurity robustness and take measures to strengthen them. Banks should keep a tight vigil, and there should be readiness…
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ESAF Small Finance Bank’s net profit up by 143%
ESAF Small Finance Bank has reported a net profit of ₹140.12 crore in the second quarter of the financial year 2023-24, registering a y-o-y growth of 143.35 per cent. The net operating profit for the quarter is ₹289.65 crore, an increase of 37.39 per cent over the revenue recorded in the corresponding period of the…
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OnPoint Community Credit Union offers seven tips to minimize financial stress this holiday season
PORTLAND, Ore., (KTVZ) — The upcoming holiday season is promising to be a big one, with holiday spending expected to hit its highest level since before the pandemic. The average household plans to spend approximately $1,652 this season, according to the financial firm Deloitte. And while inflation is slowing, even the smallest growth can impact holiday spending budgets. To…
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AI transforming the future of banking, finance
IN 3D UnionBank’s booth at the Singapore Fintech Festival 2023, attended by about 10,000 techies, features 3D walls to underscore its theme of how the bank has embraced human-centric AI. — CONTRIBUTED PHOTO SINGAPORE—Artificial intelligence (AI), once considered the proverbial “elephant in the room” that no one talks about, is all the buzz at the…
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How to achieve financial goals faster with step-up SIPs this new year?
Diwali signals the commencement of a new year for numerous Hindus in India. Spanning five days, this festival is marked by the illumination of lights, vibrant fireworks, and festive feasts. The significance of designating this celebration as the harbinger of a new start lies in its association with the goddess Lakshmi, the revered Hindu deity…
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China, Africa pledge financial support to bolster high-quality BRI cooperation
STORY: China, Africa pledge financial support to bolster high-quality BRI cooperationSHOOTING TIME: Nov. 15, 2023DATELINE: Nov. 19, 2023LENGTH: 00:02:44LOCATION: Addis AbabaCATEGORY: ECONOMYSHOTLIST:1. various of the event2. SOUNDBITE 1 (English): FATHALLAH SIJILMASSI, Director general of the AU Commission3. SOUNDBITE 2 (English): HU CHANGCHUN, Head of the Chinese Mission to the AU4. various of the event5. SOUNDBITE…
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Generali executive warns on private equity funds in insurance
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The finance chief of Italy’s biggest insurer has expressed concerns about potentially conflicting interests when life insurance companies are owned by private equity funds, as anxiety grows about the consequences of a shift of ownership in the…