Latest News for: Worlds biggest banks

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How the Rich Hide Their Wealth: Tax Havens and Capital Flight

GlobalResearch 16 May 2021
One of the world’s biggest banks, JPMorgan Chase, helped Enron design transactions with fake companies in offshore tax havens to create fake profits of more than $1 billion.(16) This enabled Enron to manipulate its accounts and deceive investors and regulators.
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Tax incentives expected to keep remittances high in 2021

The News International 16 May 2021
Pakistan’s tax incentives may continue to keep the level of remittances high this year, but it is not clear how long these measures would accelerate their growth rate, the World Bank said ... Remittances rose by over 17 percent to a record high of $26.1 billion, according to a World Bank’s latest migration and development brief.
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Remittances to Vietnam exceed US$17 billion in 2020

The Saigon Times 15 May 2021
HCMC - Vietnamese living abroad sent home US$17.2 billion last year, a year-on-year increase of 3%, making Vietnam the world’s ninth biggest remittance beneficiary, according to a joint report of the World Bank and the Global Knowledge Partnership on Migration and Development.
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Women money changers keep Djibouti’s street economy thriving

The National 15 May 2021
Read More. Remittances declined less in 2020 than the drop following the global financial crisis, World Bank says ... DP World seals its biggest port investment in Africa. “I have it all ... I have it all ... Every day, Ms Hassan refers to a printout from the local bank to gauge exchange rates and determines what to offer customers for the major currencies ... .
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World Bank: Saudi Arabia among biggest sources of remittances in 2020

Arab News 14 May 2021
Saudi Arabia was the third largest source of remittances globally in 2020, just behind the UAE and the US, according to the latest report from the World Bank ... Globally, remittances to low and middle-income countries fell 1.6 percent to $540 billion, a smaller decline than expected, the World Bank said.
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Strong U.S. Economy, Stimulus Spurs Migrants to Send Billions of Dollars Home

Democratic Underground 14 May 2021
According to fresh data from the World Bank, global remittances to low- and middle-income economies fell just 1.6% last year to $540 billion, defying expectations that the pandemic would squeeze overseas workers’ ability to earn and send money to relatives in their home countries.
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US Fed seeks to calm inflation fears, world stocks up

RTE 14 May 2021
While global stocks edged higher today after US Federal Reserve officials said there would be no 'imminent' move to tighten monetary policy in the world's biggest economy, investors remain fearful that central banks will increase interest rates if prices continue to overheat.
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UAE and Saudi Arabia among biggest sources of remittances in 2020

Arab News 13 May 2021
The UAE was the second largest source of remittances globally in 2020, followed by Saudi Arabia, according to the latest report from the World Bank ... Globally, remittances to low- and middle-income countries fell 1.6 percent to $540 billion, a smaller decline than expected, the World Bank said.
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Why India's COVID-19 vaccine rollout is faltering - podcast

Beijing News 13 May 2021
And we speak to a researcher who went hunting for fungi in the world's largest seed bank. India's catastrophic COVID-19 crisis shows little sign of improving ... Read more. COVID in India ... Read more ... In our second story, we hear from a researcher who found a hidden world of microscopic fungi growing in the preserved seeds at the world's biggest seed bank.
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North Korea army of hackers rival the CIA & are ‘world’s biggest bank robbers’ who ...

The Sun 13 May 2021
NORTH Korea's elite army of 7,000 cyber soldiers rival the CIA in their expertise and wreak chaos as "the world's biggest bank robbers", experts say ... John Demers, assistant attorney general at the US Department of Justice, says North Korea's hackers "have become the world's leading bank robbers".
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UK’s economy grows more than expected

Shenzhen Daily 13 May 2021
The Bank of England also said last week it expected the world’s fifth-biggest economy would recover quickly as coronavirus restrictions are lifted to grow by 7.25 percent in 2021 as a whole. That would be its fastest growth since a Second World War rush to rearm but would follow a ...
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Why India’s COVID-19 vaccine rollout is faltering – podcast

The Conversation 13 May 2021
And we speak to a researcher who went hunting for fungi in the world’s largest seed bank. India’s catastrophic COVID-19 crisis shows little sign of improving ... Read more. COVID in India ... Read more ... In our second story, we hear from a researcher who found a hidden world of microscopic fungi growing in the preserved seeds at the world’s biggest seed bank ... .
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Factbox-Global big banks plot back-to-office plans as vaccines roll out

Metro USA 12 May 2021
(Reuters) -The biggest banks in the world plan to re-open their offices, emboldened by aggressive vaccination drives and falling COVID-19 cases in major financial hubs, after sending most employees home early last year to help stem the spread of the coronavirus.
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Put the Banks Under State Control!

Dissident Voice 12 May 2021
That The Greens, a party that many young leftists have hopes in, and the Labour Party, the party that retains the support of most workers, have agendas that support the ruling class drive against the world’s biggest socialistic country, that fail to call for putting the banks ...
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UK economy, gearing up for recovery, grows more than expected in March

RTE 12 May 2021
The Bank of England also said last week it expected the world's fifth-biggest economy would recover quickly as coronavirus restrictions are lifted to grow by 7.25% in 2021 as a whole.
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