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This levy won’t break Australia’s healthy bank profits

Ask Australians what they hate about their big four banks, and you get a familiar litany of complaints. Borrowing rates are too high, and deposit rates too low. Profits — almost A$23 billion ($17 billion) in the most recent fiscal year — are obscenely fat. Slick sales types promote financial products to under-informed punters without disclosing the full risks. Other ...

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US and Europe to hold talks on broadening airline laptop ban

Bloomberg US Homeland Security Secretary John Kelly will meet with European Commission officials in Brussels next week to discuss prohibiting passengers bound for America from carrying laptops and other electronic devices in airliner cabins. Kelly talked with European commissioners Dimitris Avramopoulos and Violeta Bulc. Even though European airports and airlines are preparing for a ban, no action has been announced ...

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Etihad appoints new country manager for Sudan

Abu Dhabi / Emirates Business Etihad Airways, the national airline of the United Arab Emirates (UAE), on Saturday announced the appointment of Ali Ghanim Hadi as its new country manager for Sudan. Based at the airline’s Khartoum office, Hadi will be responsible for leading Etihad Airways’ commercial operations in Sudan, one of the airline’s longest-established markets. With over four years ...

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