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Telia says may be hit with $1.4bn in corruption fines

  Stockholm / AFP US and Dutch authorities are seeking $1.4 billion from Telia to settle probes into alleged corrupt practices by the Swedish telecoms operator in the Central Asian state of Uzbekistan, Telia said on Thursday. It said the proposals for the settlement did not go into much detail “but suggests a total settlement amount of approximately USD 1.4 ...

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Will the real child poverty rate please stand up?

America is on the mend. Witness the good news in the latest version of the nation’s “economic report card”: the Census Bureau’s annual estimates of the median household income and the poverty rate. Here are the crucial numbers. In 2015, median household income — the midpoint, with half of households above and half below — rose 5.2 percent to $56,500 ...

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Brexit isn’t the only great British divide

  David Cameron’s political career arguably came to an end this week because of the U.K.’s longest-running policy debate. Not over leaving Europe, but over education. When he resigned as prime minister after the Brexit referendum in June, Cameron pledged to keep his parliamentary seat until 2020. On Monday, he decided he’d had enough and many concluded that the timing ...

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