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EU plans measures to help EU banks build scale and compete with US rivals

Bermuda Broadcasting Newsdesk -
An EU executive report released on Friday says internal barriers are preventing EU banks from expanding, leaving them at a disadvantage to U.S. lenders...
News - World

Chile storms kill three, displace hundreds as heaviest rains expected

Bermuda Broadcasting Newsdesk -
The three dead include a worker clearing a road in the southern town of Negrete, a person who fell while cleaning a roof in...
News - World

Andy Burnham becomes British Labour leader; next stop — prime minister

Bermuda Broadcasting Newsdesk -
Burnham, who earned the regal moniker for his determination as mayor of Greater Manchester to defend the region's interests, told a special conference on...
News - World

Apple closes in on Nvidia in race for world’s most valuable company

Bermuda Broadcasting Newsdesk -
Apple was last valued at $4.90 trillion as its shares rose marginally in premarket trading on Friday, while Nvidia was roughly at the same...
News - World

Wildfires, drought and storms hound Europe even as heatwave recedes

Bermuda Broadcasting Newsdesk -
Successive early summer heatwaves, which many scientists blame on human-driven climate change, have pushed temperatures to unprecedented levels in large swathes of the continent International...
News - World

UK finance firms sharpen staff scrutiny as new misconduct regime looms

Bermuda Broadcasting Newsdesk -
The Financial Conduct Authority (FCA) is amending conduct rules and fitness-for-office tests to add serious, work-related bullying, harassment and violence against colleagues in 37,000...
Finance

Global stocks drop on growing semiconductor rout; oil set for weekly gain

Bermuda Broadcasting Newsdesk -
Renewed military strikes in the Middle East were also weighing on risk sentiment, keeping oil prices elevated and reigniting concerns about inflation and growth International...
Finance

UK’s FTSE 100 flat as energy gains offset banks; Burnham set to become prime minister

Bermuda Broadcasting Newsdesk -
The blue-chip FTSE 100 index rose 0.04% to 10,576.97 by 1043 GMT, while the midcap FTSE 250 slipped 0.4% International News via Reuters: London's FTSE 100...
News - World

Ontario asks for federal support for wildfire evacuations as smoke spreads

Bermuda Broadcasting Newsdesk -
Canada has more active wildfires than it had as of mid July for the past two years and a larger area has burned compared...
News - World

Guterres to travel to Cyprus to advance peace efforts, UN says

Bermuda Broadcasting Newsdesk -
The visit comes against the backdrop of growing speculation the United Nations will launch a fresh push to resolve the decades-old split of Cyprus...
News - World

Nigeria brings home 1,490 citizens from South Africa after xenophobic attacks

Bermuda Broadcasting Newsdesk -
The government said the evacuation followed talks with South African authorities over security concerns linked to xenophobic attacks on foreign nationals, including Nigerians International News...
News - World

EU drafts plan to double electrification rate, cut oil and gas use

Bermuda Broadcasting Newsdesk -
The draft plan, which the Commission is due to ​publish on Friday, is part of the EU's response to the fallout of the Iran...
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