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20 killed as fresh violence rocks Indonesia’s Papua

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Bloomberg At least 20 people were killed and dozens injured as fresh clashes erupted in Indonesia’s restive Papua region, according to military and police officials. Four people including a soldier were killed in clashes in Jayapura, the province’s capital, while 16 people were killed in Wamena, a city in the Papua mountain region. The death toll from Wamena, a region ...

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Deutsche Bank shifts its prime brokerage to BNP with 1,000 jobs

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Bloomberg Deutsche Bank AG finalised a deal transferring its business with hedge fund clients to BNP Paribas SA as part of the German lender’s historic retreat from investment banking. About 1,000 Deutsche Bank employees will move to the French rival through 2021, according to people with knowledge of the matter. Ashley Wilson, one of two executives at the German bank ...

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S African banks set for biggest strike in 99 years

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Bloomberg South African banks are urging clients to use digital channels as the industry prepares for what could be its biggest strike since 1920. “Banks will be operating as usual on the day,” the Banking Association South Africa said. Lenders “are taking the necessary precautions to minimiwe disruption” related to the proposed protest action by the South African Society of ...

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