Prices of new US homes hit record high as sales fall unexpectedly

Sales of new homes in the US fell unexpectedly last month, while prices broke a new record. Sales of new single-family homes in the United States fell last month while prices continued to spike to record highs, with eager house hunters vying to become homeowners in a seller’s market. Sales of newly constructed single-family homes […]

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Global watchdog to tackle greenwashing with ESG ratings guidance

A global securities watchdog plans to publish its first regulatory guidance for firms that rate corporate environment, social and governance (ESG) performance. A global securities watchdog plans to publish its first regulatory guidance for raters of corporate environmental, social and governance (ESG) performance in July to stem growing concern among asset managers about overstated green […]

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Crypto comeback: Bitcoin bounces back after falling below $30,000

Bitcoin is living up to its volatile reputation after fighting back above $30,000. By Lynn Thomasson and Yakob PeterseilBloomberg Bitcoin is fighting back from its latest downslide that stoked fears of a mass liquidation after the world’s largest token broke below $30,000. The virtual currency rose as much as 5.8% to $33,821 in Wednesday trading — […]

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Qatar wealth fund chief is waiting for cryptocurrencies to mature

Cryptocurrencies “need a bit of maturity before we make our view about investing in that space”, QIA Chief Executive Officer Mansoor Bin Ebrahim Al Mahmoud said at the Qatar Economic Forum. By Matthew Martin and Francine LacquaBloomberg “Speculation” around cryptocurrencies is keeping Qatar’s sovereign wealth fund from investing in one of the most volatile asset classes […]

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Warren Buffet resigns from Bill and Melinda Gates Foundation

Buffet’s resignation comes just weeks after Bill and Melinda Gates announced they are divorcing. Warren Buffett is resigning as a trustee from the Bill and Melinda Gates Foundation. The announcement comes weeks after Bill and Melinda Gates announced that they were divorcing after 27 years of marriage but would continue to jointly run the foundation, […]

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Mobster videos renew scrutiny on Turkey’s wealth amnesty law

Istanbul, Turkey – YouTube videos of convicted Turkish mob boss Sedat Peker accusing government officials of corruption and more have captivated millions in recent weeks and are renewing scrutiny on a Turkish law critics say provides a convenient loophole for money laundering and criminal activity to thrive. A “wealth amnesty” law that took effect in […]

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‘Sabotage attack’ on nuclear building foiled: Iranian media

The attack was halted ‘before causing any damage to the building’, news agencies said. A sabotage attempt against a building of the Iranian Atomic Energy Organization was foiled on Wednesday, Iranian media reported. An Iranian news site close to security services said authorities thwarted a “sabotage attack” on the country’s civilian nuclear programme, without providing […]

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