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Last updated: 05 Sep, 2017  
 Global Business

Deutsche Bank to cut over 7,000 jobs
IANS | 25 May, 2018
Germany's Deutsche Bank (DB) on Thursday announced plans to reduce its number of full-time staff members from over 97,000 to "well below 90,000" to overhaul parts of its investment banking business and bring down costs.
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Trump signs law easing post-crisis regulation of banks
IANS | 25 May, 2018
US President Donald Trump signed into law on Thursday a bill that partially repeals the 2010 Dodd-Frank act, which imposed tighter financial regulations in response to the global financial meltdown of 2008.
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Amazon's Alexa 'heard and sent private chat'
IANS | 25 May, 2018
A private conversation between a couple in the US was recorded by Alexa and then sent to a random person in their contact list. Tech giant Amazon has offered "a rather convoluted explanation", said the media.
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Facebook to now label political ads
IANS | 25 May, 2018
In a fresh bid to prevent foreign interference into elections, Facebook has begun labelling all political and issue ads in the US -- including a "Paid for by" disclosure from the advertiser at the top of the advertisement
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Samsung must pay Apple $539mn in patent lawsuit: US court
IANS | 25 May, 2018
A US court has finally asked Samsung to pay $539 million to Apple for copying patented iPhone designs, after the two giants got entangled in a legal battle in 2011.
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US auto tariffs would breach WTO rules: EU
IANS | 25 May, 2018
The EU said any unilateral US auto tariffs based on national security would be against World Trade Organization rules after President Donald Trump launched a probe into American vehicle imports, raising the stakes for the bloc as it bids for waivers from White House levies on steel and aluminum.
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Trump to consider possible import duties on automobiles
IANS | 24 May, 2018
US President Donald Trump ordered the Commerce Department to start a study into determining the need to impose import duties on autos and parts.
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Fake news: FB unveils three-pronged strategy
IANS | 24 May, 2018
To stop false news from spreading on its platform, Facebook has said it put in place a three-pronged strategy that constitutes removing accounts and content that violate its policies, reducing distribution of inauthentic content and informing people by giving them more context on the posts they see.
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Saudi Arabia to introduce Riyal coins from Thursday
IANS | 24 May, 2018
Saudi Arabian Monetary Agency (SAMA) will introduce Riyal coins starting from Thursday to gradually replace the Riyal notes, the media reported on Wednesday.
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China to develop 200km/h maglev train by 2021
Staff Reporter | 24 May, 2018
China will develop a prototype middle-to-low-speed magnetic-levitation train with a speed of 200km/hour by 2021, its developers said Wednesday.
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