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Clifford Chance advises UK government on £100m vaccine facility investment

The investment will fund a manufacturing site that will produce millions of doses of the vaccine each month

Billionaire investor Ray Dalio’s fears for the dollar

Bridgewater founder is also concerned about the ‘soundness of our money’

Deutsche Bank pledges to cut all coal financing by 2025

A recent report found that some large European banks had funnelled €8bn into the sector, despite similar environmental pledges

Investors are pushing companies to reveal racial mix of their staff

With only 4% of all public companies disclosing the full data, there is still a long way to go

Europe misses out on booming special purpose acquisition companies

Driven by the volatility in the markets amid the coronavirus crisis, blank cheque companies have become a more attractive way to go public

KPMG appoints new global head of tax and legal services

KPMG International has selected David Linke to succeed Jane McCormick on 1 October

Britain’s economic recovery will take four years, EY predicts

The EY Item Club forecast also predicted the UK’s economy will shrink by 11.5% by the end of 2020

Citi kickstarts London team to target private deals in alternative funding boom

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The team will handle Spacs, or special purpose acquisition companies, which have boomed during the pandemic

UK fintech investment slumps by 40% amid Covid-19 crisis

HSBC launches investment unit with 35 dealmakers as part of ESG push

A new ESG solutions division will sit within the team, in the latest shake-up under new leadership

PwC chair Kevin Ellis joins Twitter boycott over anti-Semitic posts from Wiley

Lead judge of the BBC series The Apprentice and chair of Amshold Group Lord Sugar, the personal finance journalist Martin Lewis and the Lloyds Bank Foundation also joined the campaign of social media silence

Former Bridgewater co-CEO Eileen Murray sues firm following gender discrimination dispute

Suit claims hedge-fund giant is withholding compensation over disclosure of gender-bias dispute

Bridgewater lays off several dozen employees

Bridgewater veterans of more than 15 years were among those laid off in Zoom meetings and given several days’ notice

PE execs pour $92m into 2020 US elections

HSBC defends cooperation with US prosecutors, denies Huawei entrapment

HSBC said it wasn’t involved in the DOJ’s decision to investigate Huawei or to arrest Huawei finance chief Meng Wanzhou and doesn’t have any hostility to the company

Dambisa Moyo: ‘There’s a lot more pain to come and it’s not fully priced in’

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The prominent economist, once named among the 100 most influential people in the world, considers discrimination and how the past can inform us about the future

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