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How departure of James laid bare the Murdoch family rifts – The Guardian

The younger son has quit the family firm, but the question of who eventually inherits Rupert’s media empire remains a cliffhanger

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SocGen posts earnings miss as it sets aside more for coronavirus-related loan losses – CNBC

Societe Generale reported a net loss of 1.26 billion euros for the second quarter of the year, missing market expectations.

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Societe Generale reported a net loss of 1.26 billion euros for the second quarter of the year, missing market expectations, as the bank set aside more capital due to the pandemic and reduced the value of its trading business.
The French bank decided to make further provisions of 653 million euros to deal with potential risks from the ongoing crisis.
“While April and May were heavily impacted by the reduction in activity of numerous economies around the world, the rebound in activities from mid…

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Dollar wobbles as investors grow anxious about pandemic toll on U.S. economy – Investing.com

Dollar wobbles as investors grow anxious about pandemic toll on U.S. economy

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By Hideyuki Sano
TOKYO (Reuters) – The U.S. dollar gave up brief early gains on Monday as mounting concerns about a slowing U.S. economic recovery from the coronavirus pandemic hobbled the currency after a brief rebound late last week.
The euro traded almost unchanged at $1.1768 (EUR=), coming off a low of $1.1741 touched earlier in the session, though it is still more than a cent below Friday’s two-year high of $1.1908.
The common currency hit a speed bump on some technical signs of being o…

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Alibaba expanded during the SARS health crisis — and its co-founder has advice to share – CNBC

Leading a company through crisis is no mean feat. For those that get it right, it can be an opportunity to set the business apart from the pack, according to Alibaba’s executive vice chairman.

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Leading a company through a crisis is no mean feat  and for some, it can be their undoing. But for those that get it right, it can be an opportunity to set the business apart from the pack. 
That was the case for Chinese technology giant Alibaba Group, executive vice chairman and director of Alibaba’s entrepreneur fund Joe Tsai said in a recent interview.
Now an e-commerce giant worth some $678 billion, Alibaba was about to launch Taobao, its online marketplace for consumers,in 2003 when crisi…

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