Billionaire Andrej Babis Is Named Czech Prime Minister

Billionaire Andrej Babis Is Named Czech Prime Minister

Billionaire Andrej Babis was named Czech prime minister Wednesday, taking a step closer toward his governing plan to cut waste in state spending, build more highways and push the European Union to change its migrant policy. President Milos Zeman named the second-richest Czech, who controls a
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Dallas-Fort Worth Is One Of The Most Popular Moving Destinations Of 2017, This Report Says

“This list represents one of the largest sample sizes of Americans who are actually moving, as opposed to real estate listing or housing trends,” Updater founder and CEO David Greenberg said in a statement. “The list reveals that large cities are very attractive destinations for both consumers that move in
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German Prosecutors Look Into BMW Diesel Cheating Allegations

Munich prosecutors are looking into allegations BMW AG diesel cars are fitted with defeat devices to cheat on emissions levels following tests by German environmental group DUH. The group's claims come after it checked a BMW 320d car, prompting a review by Germany's Federal Motor Transport
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Millions Are Hounded for Debt They Don't Owe. One Victim Fought Back, With a Vengeance

On the morning a debt collector threatened to rape his wife, Andrew Therrien was working from home, in a house with green shutters on a cul-de-sac in a small Rhode Island town. Tall and stocky, with a buzz cut and a square, friendly face, Therrien was a salesman for a promotions company.
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It's Official: Putin Says He'll Run for Re-Election

President Vladimir Putin, who's ruled Russia for 18 years, announced he will seek a new six-year term in March. Constitutional limits mean it's likely to be his last. “I can't think of a better time or place to announce it — thank you for your support — I will run for the post of president of the Russian Federation
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Costa Rica Real Estate Market Enjoying Substantial Upward Momentum from BPO Expansion

2017 has been a good year for the Costa Rica real estate market, with aggressive expansion from companies like Amazon and Convergys positioning the country high in the Nearshore rankings. Thanks primarily to the country's strong human talent and large bilingual labor force (approximately 20,000
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You Won't Have to be Super Fit for Space Travel

Blue Origin LLC—which is backed by the world's richest person, Amazon.com founder Bezos—is planning 11-minute flights on its New Shepard autonomous vehicle from its site in West Texas; it has not yet disclosed a fare or when it expects to begin customer trips. The company, which is based in
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Senate Committee Advances Bill to Deregulate Financial Services Industry

“The mortgage related provisions of this bill provide important relief to the housing market by addressing key regulations including HMDA and the TILA/RESPA integrated disclosure,” Stevens said. “We are also glad that the bill amends the SAFE Act to provide increased job mobility for loan originators,
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Will the Canadian Housing Market Avoid a Crash in 2018?

The housing market in Canada continues to be a riddle for many analysts who are tired of calling it a bubble. Housing data after the summer lull is still showing a mixed picture, as the nation's two largest markets are moving in different directions. In Toronto, the benchmark home price index fell for the
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Here Are 8 Emerging Trends, According to Goldman Sachs

From meatless meats to digital twins, the latest “emerging trends” identified by Goldman Sachs Group Inc. include technologies and investing strategies that have been around for a while. “What happens when everything old becomes new again?” the bank asked Wednesday in the second edition of its
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Bitcoin Fails to Win Over Giants of Finance in Scandinavia

First the Nordea Bank AB chief executive called it a “joke” and an “ absurd” construction. Then Danish banks said they wouldn't touch cash from bitcoin speculation. Now, one of Scandinavia's biggest investors is airing its skepticism. ATP, Denmark's largest pension fund with about $120 billion in assets
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'MeToo' Movement Named Time Magazine's Person of the Year

New York (AP) — The silence breakers have been named Time magazine's Person of the Year. Dozens of men and women have shared their stories since October about sexual misconduct by numerous high-profile men in entertainment, media, business and sports. The revelations also helped prompt
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Balance of Power: Trump Defies 70 Years of US Policy on Jerusalem

Branstad made the remarks in an interview with Bloomberg's Tom MacKenzie as the U.S. sent a B-1 bomber to join large-scale aerial drills with South Korea and a neighboring Chinese province advised its residents on how to survive a nuclear attack. High expectations | It's been almost three years
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Pound Falls as May Faces Revolt From Within Party Over Brexit

The pound fell for a second day against the dollar, while U.K. government bonds rose, as Prime Minister Theresa May faced rebellion from her Cabinet just days before a key meeting with the European Union. Sterling slipped after EU officials said more progress was needed before moving Brexit talks
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Fate of $700 Billion Power Trade Hinges on Trump Buzzword

Hurricane winds and raging wildfires knocked out power to millions of people from Florida to California this year, underscoring the need to protect America's electric grid from disaster. President Donald Trump's administration has a plan to achieve what it calls “resiliency”: Keep money-losing coal and
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Collateral pains stinging buy side

“Regulation is limiting possibilities for the securities lending market”, according to Habib Motani an international financial markets lawyer at Clifford Chance. As Global Custody Forum in London yesterday, panellists discussed collateral challenges and the ways in which the market is adapting, but
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Bombay HC Upholds Validity Of Real Estate (Regulation And Development) Act

Petitioners had challenged Section 3, 5, 7, 8, 11(h), 14(3), 15, 16, 18, 22, 43(5),59,60,61,63 and 64 of the Real Estate (Regulations and Development) Act, 2016 and Rules 3(f), 4,5,6,7,8,18,19, 20 and 21 of the Registration of real estate projects, Registration of real estate agents, rates of interest and
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Bankers' pay a victim come the robot revolution

“People said automation is only in personal banking,” Mr von Koskull said in Stockholm. “But there are elements of it in investment banking, corporate banking, liquidity management, foreign exchange. You need to look at how much of it is automated and whether there's less human involvement.”.
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Insurer trying to right the wrongs of an independent agent gone bad

“To help ameliorate the situation, Commonwealth has been working with the North Carolina Department of Insurance and the real estate closing attorneys who were provided these unauthorized and fraudulent policies on behalf of their clients by Blue Ridge, to assist these attorneys in obtaining
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US GOVTS OUTLOOK-Position squaring, flattener fatigue, pre payrolls and supply

At 09:45, the New York Fed will purchase up to $1.515 bn in 30-year Fannie Mae and Freddie Mac securities in the first of two FedTrade operations on the day. The second operation, closing at 11:45, seeks to purchase up to $565 mn of 15-year Fannie Mae and Freddie Mac paper. There are neither
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