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BoE Warns Over Post Brexit Economic Crisis, Majority Economists Also Presume Same Consequences

Just after two days of IMF cautions, BoE has warned over blink economic outlook in post-Brexit era. Prior to that BoE governor has described Brexit as the biggest domestic financial stability risk. BoE and its governor have drawn criticisms from the pro-Brexit campaigners following clear stance against leaving EU.

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21st Century Cures Act

Congressional Committee To Revive Apple-FBI Debate on Tuesday

A congressional committee has announced reviving testing of Apple and FBI on Tuesday. Apple’s general counsel and an FBI official will testify on behalf of respective sides. Lawmakers consider the debate centering public interest as important and summoned the disagreed parties to testify before the lawmakers.

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 Company Sign

Yahoo Again Amends Employee Severance Plan, But This Time To Protect Their Interest

A regulatory filing by Yahoo Inc. on Thursday suggests that the tech giant has changed its employee severance plan. The new plan confirms severance payments even after acquisition of the tech giant. Analysts consider the filing as its preparation for selling entire or at least part of its core business.

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Magnitude 6.4 Earthquake Jolts Kumamoto

Japan Jolts With 6.0 Magnitude Earthquake Causing Death, Building-Collapse, Road And Rail Block

An earthquake with at least 6.0 magnitude has hit the southwestern part of Japan causing nine deaths and injuring more than 800. Though no Tsunami warning has been served, but more than 100 aftershocks have created panic among the residents of the most hit town Mashiki. Japanese Prime Minister has vowed to do everything in life-saving and rescue operations.

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Microsoft Holds Its Annual Shareholders Meeting

Microsoft Sues Government Over Peeping To Individual’s Information Abusing Decades Old Law

Microsoft has sued the US Department of Justice on Thursday for alleged secret intervention of the government agencies to individual’s information. Through searching secretly, the US government is violating the Fourth as well as First Amendment, alleges the lawsuit. Microsoft believes, this practice has gone too far and hence seeks court intervention to address the situation.

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Argentina President Mauricio Macri Holds News Conference

US Appeal Court Frees Argentina To Raise Capital From Global Capital Market

A US appeal court has verdict on Wednesday upholding previous ruling by the District Judge regarding lifting injunction for Argentina in entering global capital market. The ruling allows the South American nation to enter the capital market just after 15 years. It appears as a great success for the incumbent Argentine President who has come to power with promise to settle the default debt status.

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Newest Innovations In Consumer Technology On Display At 2015 International CES

GoPro Launches a Program That Enable Companies to Integrate With Its Cameras, Including Cars, Toys, and More

GoPro launched its developer program, calling for companies and manufacturers to integrate their own products or services with GoPro. Under the program, third-party companies can now create apps, accessories, and mounts for GoPro’s products.

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U.S. Capitol In Washington

U.S. Securities and Commodities Agencies Demanded a Boost in Budget, Cited Growing Fintech Markets

The U.S. securities and commodities regulatory agencies pushed the congress to increase their budget. They argued that more fund is needed to do their functions in the growing financial markets and technology in recent years.

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Deutsche Bank AG Branches As Lender Considers Bond Buyback

Deutsche Bank Settles With Investors Over ‘Silver Fix’ Lawsuit Under Conditional Monetary Penalty

Deutsche Bank has primarily agreed settling lawsuit centering ‘Silver Fix’ scam on Wednesday. Under the agreement, the German bank will have to count monetary penalty while helping the plaintiff investors in suits with other banks. Both the agreed parties have declined to elaborate terms and conditions for this accord.

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Goldman Sachs Suit May Prompt Wider Probe, Regulation

SEC Files Fraud Charges Against Fired ConvergEx Executive Basilly Years After His Dismissal

SEC has filed a lawsuit against former ConvergEx exec Basilly on Tuesday on the allegation of defrauding traders. Prior to that, ConvergEx has admitted wrongdoing through its several units and counted penalty of $150 million to the regulators. However, his lawyer claims innocence rejecting all allegations and cites that Bassily has acted as per ConvergEx approved business model.

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Coal Slump Sends Mining Giant Peabody Energy Into Bankruptcy

Largest US Coal Miner Peabody Finally Files For Bankruptcy Ending Prolonged Speculations

The largest coal miner in the US has sought protection under bankruptcy law on Wednesday ending speculations over its future. The filing has been acknowledged as the largest bankruptcy case by liabilities during this year. With this filing, a century old publicly traded company is going to shutting down its operations in the US.

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Puerto Rico Teeters On Edge Of Massive Default

U.S. Congress Delayed Work on Puerto Rico Debt Relief Bill, Blaming Obama Administration

The U.S. Congress has delayed work on Puerto Rico debt bill. Originally, the bill was scheduled to be the subject of hearing on Wednesday before receiving final amendments on Thursday. After that, it will be sent for debate on the House.

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Chinese Youngers Play Online Games At An Internet Cafe In Wuhan

Alibaba, Baidu, and 23 Other Chinese Tech Companies Pledged to Help Government Fight Online Terrorism

As a response to China’s new anti-terror law, 25 tech companies in the country have signed a pledge to help the government combat online terror activities. Under the law, tech companies are required to decrypt information for Beijing and provide assistance to keep the internet from terror-related contents.

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Christine Lagarde And Robert Zoellick Hold Briefings At Start Of IMF-WB Spring Meeting

IMF Warns of New Financial Crisis and Economic Instability, Calling Immediate Action

The IMF calls banks, policy makers, and other key players in both advanced and emerging markets to address economic problems immediately. IMF warned that current issues and uncertainty could lead to a new financial crisis or economic stagnancy in a global sense.

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Tour Of An Anadarko Petroleum Corp. Rig Site As U.S Crude Inventories Rise

Planning For Output Cap in Oil Production Amid Rising Oil Prices Surprises Analysts

Crude oil prices have been witnessed to drop a little after hitting the four-month high, but still manage a few profits for the Asian oil producers. Amid such market situations, oil producers including Russia and Saudi Arabia have reached a consensus for putting cap on oil production. The output cut decision has surprised the analysts since increased market price naturally boosts up production.

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