Business - Page 265

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What to expect from Alibaba’S 2020 11.11 global shoping festival

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Global brand recovery will be a key focus of this year’s 2020 11.11 Global Shopping Festival, Alibaba said Tuesday. Alibaba publicly kicked off the world’s largest shopping event with a media event in Shanghai, emphasizing it views 11.11, now in its 12th year, as an important growth driver for domestic and international merchants whose business took

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A greener, fairer, and more robust EU farm policy

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More support for those who apply climate- and environmentally-friendly practices Annual direct payments capped at €100 000, more support for SMEs Tailor-made measures to help farmers deal with crises Higher sanctions when someone repeatedly infringes rules, e.g. on environment or animal welfare The EU’s future farm policy should be more flexible, sustainable, and crisis-resilient, so

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Emerging and Frontier Markets: Policy Tools in Times of Financial Stress

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After the unprecedented hit to economic activity in emerging market economies from the COVID-19 pandemic, their economic output is projected to shrink by 3.3 percent in 2020. Central banks across emerging markets responded swiftly and forcefully with an unprecedented response of their own. They did this by using a variety of policy tools and, to a

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Rohingya conference pledges to ‘remain steadfast’ in finding solutions to crisis

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A joint UN-hosted donor conference to rally international support behind Myanmar’s displaced Rohingya minority, ended on Thursday with a promise to continue engaging with concerned countries towards finding a long-term solution to their plight. “We will continue to work together to maintain international attention on the Rohingya crisis and to shift from short-term critical interventions, to a

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Federal Reserve Board fines the Goldman Sachs Group, Inc. $154 million for failure to maintain appropriate oversight, internal controls, and risk management with respect to 1Malaysia Development Berhad

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The Federal Reserve Board on Thursday announced it has fined the Goldman Sachs Group, Inc. $154 million for the firm’s failure to maintain appropriate oversight, internal controls, and risk management with respect to Goldman’s involvement in a far-reaching scheme to defraud a Malaysian state-owned investment and development company, 1Malaysia Development Berhad (1MDB). In 2012 and

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