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Hot Off The Wires - 9th July 2021

News


  • Britain’s final bill for leaving the EU is £40.8bn, according to accounts filed in Brussels, a greater sum than previously forecast.

  • ECB has set a new 2% inflation target and said it could tolerate temporary moves beyond that point, allowing policymakers flexibility to keep interest rates at historic lows for longer.

  • Oil groups are racking up billions of dollars in hedging losses despite soaring crude prices, as contracts signed last year leave them selling their output at deeply discounted prices.

  • HSBC chairman has been accused of prioritising profit over upholding international law by a coalition of senior politicians after he refused to discuss calls for the bank to unfreeze the assets of Hong Kong activists.

  • China’s internet regulator requested multiple changes to the mapping function of ride-hailing group Didi’s app before its US listing, fearing it could reveal sensitive government locations.


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In Greek mythology, who flew too close to the Sun?

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