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UK law firm weighs IPO or a stake sale

Bloomberg UK law firm Mishcon de Reya is preparing for an initial public offering or a stake sale, Sky News reported, citing people it didn’t identify. The London-based firm, which wants to raise capital to accelerate its expansion, is expected to hire bankers to work on a deal in coming months, Sky said. The company hasn’t made any decisions yet, ...

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Google settles age-bias case for $11m

Bloomberg Google agreed to pay $11 million to end a lawsuit accusing the internet giant of discriminating against older job applicants, a deal that amounts to an average payout of more than $35,000 for 227 people who joined the class action. The settlement also calls for the Alphabet Inc unit to train employees and managers about age bias, to create ...

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Iranian forces hold UK-linked tanker as tension soars in Gulf

Bloomberg Iran’s Revolutionary Guard Corps is holding a British oil tanker, after seizing it in the Strait of Hormuz amid soaring tensions in one of the world’s critical energy chokepoints. UK officials demanded the immediate release of the vessel. Iran’s state-run Islamic Republic News Agency (IRNA) said the UK-flagged Stena Impero crashed into a fishing vessel and had been taken ...

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Trump to push Pak PM for permanent Taliban ceasefire

Bloomberg President Donald Trump will push Pakistan’s prime minister, Imran Khan, to pressure the Taliban into signing a permanent ceasefire in Afghanistan, an administration official said. Trump will demand that Pakistan’s government free Shakil Afridi, a physician imprisoned after helping the US government locate and kill Osama bin Laden, the official said. The Trump administration will judge Pakistan in part ...

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US says crush on asylum system justifies new restriction

Bloomberg The US government said an overwhelming crush by immigrants crossing the southern border justifies a new rule restricting asylum applications from Central Americans who haven’t sought protection from persecution or torture in another country through which they passed. The Justice Department filed its response to a request by immigrant rights’ groups for an emergency court order to halt enforcement ...

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Italy waits for Salvini’s decision on snap vote

Bloomberg Pressured by his closest advisers to force a snap election, Matteo Salvini is hesitating. The usually hyper-active deputy premier is keeping the country waiting as he considers whether to take his biggest political gamble yet and pull out of Italy’s fractious populist coalition. The leader of the rightist League is looking to capitalise on his victory in May’s European ...

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‘Europe mulls Brexit extension for next PM’

Bloomberg The European Union is preparing to offer the next British PM a Brexit extension beyond October 31 to provide yet another attempt to reach an agreement, The Guardian reported, citing unidentified EU officials. The extra period of membership, while allowing for an agreement to be reached, could be billed to members of the Conservative Party as an opportunity to ...

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Apollo 11’s achievement continues to fascinate

Thirty months after setting the goal of sending a mission 239,000 miles to the moon, and returning safely, President John Kennedy cited a story the Irish author Frank O’Connor told about his boyhood. Facing the challenge of a high wall, O’Connor and his playmates tossed their caps over it. Said Kennedy, “They had no choice but to follow them. This ...

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India’s insolvency law changes are needed

At last, India’s in-court bankruptcies will show some urgency and common sense. The government said it would amend the 2016 insolvency law, a signature reform of Prime Minister NarendraModi’s first term. Investors will cheer. The legislation was getting mired in frustrating legal delays and bizarre judgments, threatening to scare off global investors from a $200-billion-plus bad-debt cleanup. The last straw ...

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South Korea rate cut can’t overcome trade war

Asia’s most stubborn central bank just reversed course. With the Federal Reserve all but certain to renew its easing cycle at the end of the month, the Bank of Korea preemptively cut its benchmark interest rate to 1.5 percent from 1.75 percent, in a decision that surprised roughly half of the economists polled by Bloomberg. The central bank aimed to ...

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