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Here is a Thanksgiving wish: Let’s slow things down

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Here’s a simple four-word wish for Thanksgiving 2018 — a day when most of us take a break from the blurring, dizzying speed of our internet world: Let’s slow things down. I don’t just mean stopping to smell the roses, or taking a hike in the woods, or hiding our screens for a few hours. I mean, literally: Slow down ...

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Danske row: Shell firms forced into limelight

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Bloomberg A setup long acknowledged as dubious but tolerated in many countries just got thrown into the limelight. Shell companies — constructions often used to hide the identity of investors keen to dodge authorities — played a key role in Europe’s dirty money machine as billions of dollars flowed from Russia into the west. Danske Bank A/S was allegedly at ...

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Greece unveils salvage plan for its banks

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Bloomberg The Bank of Greece released details on how it proposes lifting much of the burden weighing on the country’s lenders under a complex plan involving securitisations and the shifting of tax credits. The plan foresees the transfer to a special purpose vehicle of a significant part of banks’ non-performing loans at net book value, along with a portion of ...

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