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Congo’s leader criticises Rwanda over alleged incursions, rebel support

  Bloomberg Democratic Republic of Congo’s President Felix Tshisekedi excoriated Rwanda for alleged incursions by its army and its support for a rebel group in his country’s eastern region in a wide-ranging speech at the United Nations General Assembly. Tshisekedi cited a report by UN experts that accuses Rwanda of backing the M23 rebel group, which occupies a small part ...

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Britain looks at QE change to avert £10bn payout to banks

Bloomberg UK Prime Minister Liz Truss’s new government has looked at changing the Bank of England’s (BOE) money-printing program to save the UK taxpayer billions of pounds at a time when the public finances are under increasing strain. Under the option, interest paid on some deposits held by commercial lenders at the BOE would be scrapped, potentially saving more than ...

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RBC merges tech banking, ventures under ‘RBCx’

  Bloomberg Royal Bank of Canada (RBC) is merging its RBC Ventures partnership group with its RBCx technology banking and innovation arm in a bid to capture more business from entrepreneurs at all stages of their startups’ growth. Sid Paquette, who has led both RBCx and Ventures since April, will head the combined business, the Toronto-based bank said in a ...

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