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Read Deutsche Bank CEO’s email to staff about job cuts – CNBC

Deutsche Bank CEO Christian Sewing, in an email to colleagues, said he “greatly regrets” the impact these job cuts will have on employees, adding that it is in the “long-term interests” of the bank.Deutsche Bank announced Sunday that it will pull out of globa…

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High-Frequency Trading Is New Battleground in Crypto Exchange Race – CoinDesk

The Takeaway High-frequency trading (HFT), a longtime and controversial practice in traditional markets, is becoming commonplace in crypto, too. Placing trading servers physically close to exchanges’ matching engines can win an edge on speed. This helps HFT…

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Starbucks apologizes after six officers say they were asked to leave a store in Arizona – CNN

(CNN)Starbucks is issuing another public apology more than a year after officers arrested two black men in a Philadelphia store. This time, though, the coffee giant is apologizing to officers with the Tempe Police Department in Arizona. In a statement Fri…

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Deutsche Bank could cut ‘up to 20,000 jobs’ – BBC News

Image copyrightReutersImage caption “We’re prepared to make tough cutbacks,” said CEO Christian Sewing earlier this year Up to 20,000 jobs could be axed at Deutsche Bank as the company is set to announce plans for a global restructuring. The majority of c…

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Man jailed for six months and ordered to pay $259k for disrupting flight from Honolulu – New Zealand Herald

A man whose behaviour on a Hawaiian Airlines flight to South Korea forced it to return to Honolulu has been ordered to pay the air carrier more than $259,000. Kyong Chol Kim was sentenced on Wednesday to six months in jail for interfering with flight attend…

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MoviePass says it will go dark for ‘several weeks’ to update its app – KSL.com

CNN — MoviePass is going dark while it sorts out some changes to its app. The movie theater subscription service enables customers to see select movies in theaters based on a monthly fee. “There’s never a good time to have to do this,” CEO Mitch Lowe said. …

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U.S. job growth seen accelerating, rate cut still expected – Reuters

WASHINGTON (Reuters) – U.S. job growth likely rebounded in June, with wage gains expected to pick up, but that would probably not be enough to discourage the Federal Reserve from cutting interest rates this month amid growing evidence the economy is slowing. …

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Deutsche Bank gambles on a last throw of the dice – Financial Times

June 4 1999 was a warm, sunny day in Frankfurt — perfect for the open-air party that Deutsche Bank was throwing in front of its twin-tower headquarters in the heart of Germany’s financial capital. Hundreds of staff gathered in front of a vast video screen be…

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Amazon admits it keeps some Alexa recordings even when users delete them – RT

Not only are transcripts and voice logs stored on Amazon servers indefinitely, but even when a user explicitly deletes a particular recording, they can only be certain the files are removed from the company’s “primary storage systems,” Amazon admitted last we…

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ANZ, CBA, Westpac, Scentre, IBM form bank guarantee blockchain company – Computerworld Australia

Three of Australias biggest banks ANZ, Commonwealth Bank of Australia (CBA) and Westpac have formed a company with Westfield shopping centre operator Scentre and IBM, to build a blockchain-based platform for bank guarantees. Named Lygon, the platform will tr…