Deutsche Bank is axing up to 500 trading and investment banking jobs

Deutsche Bank planning to cut up to 500 trading and investment banking jobs globally. Redundancies are part of plans to cut costs after three years of deep losses at the bank. LONDON — Deutsche Bank is planning to cut up to 500 trading and investment banking jobs, according to multiple reports. Bloomberg, The Financial Times, The Times, and the Telegraph all reported on Tuesday that the German bank is planning major job cuts. Deutsche Bank did not respond to Business Insider’s emailed request for comment in time for publication. The job cuts are said to affect London staff and are reportedly part of cost-cutting efforts by Deutsche Bank. The layoffs… Read More

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Trump has endorsed Mitt Romney — the man he once called the ‘dumbest and worst candidate in history’

President Donald Trump endorsed Mitt Romney in his run for a Senate seat in Utah. Trump urged people to vote for Romney in 2012, but the two criticized each other heavily during the 2016 election campaign. The history of their relationship can be seen from Trump’s many tweets about Romney over the years. President Donald Trump endorsed Mitt Romney in his run for a Senate seat in Utah on Monday night. Romney announced last week he would seek to replace retiring Senator Orrin Hatch at the mid-term elections this November. Trump responded to the news by endorsing the former presidential candidate on Twitter. He said “he will make a great… Read More

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The polite extremist: Jacob Rees-Mogg’s seemingly unstoppable rise

A Brexit ultra and profound reactionary, the eccentric MP is a strong contender to be the next prime minister. How dangerous is he? Jacob Rees-Mogg calls it “God’s own country” – that swathe of rural Somerset south of Bath and Bristol where he was raised, and that he now represents in parliament. It is easy to see why the Tory backbencher, who conceivably could become prime minister before too long, loves it so much. When not in his Mayfair town house, or dwelling in some glorious imagined past, he, his wife and their six young children live in Gournay Court, a splendid 400-year-old mansion in the picturesque village of West… Read More

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KFC restaurants in the U.K. have a problem. They don’t have chicken.

“The chicken crossed the road, just not to our restaurants.” So said an announcement Saturday that tried to find humor in KFC’s chicken shortage, which has prompted the fast-food chain to temporarily close hundreds of its restaurants in the United Kingdom. KFC said the shortage was caused by “a couple of teething problems” with its new delivery partner, DHL. “We know that this might have inconvenienced some of you over the last few days, and disappoint you when you wanted your fried chicken fix – we’re really sorry about that,” KFC said Saturday. “Shout out to our restaurant teams who are working flat out to get us back up and… Read More

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10 things in tech you need to know today (AAPL, GOOG, NTDOY, BTC)

Good morning! Here is the tech news you need to know this Tuesday. 1. Support for regulation of cryptocurrencies is growing in the US. Congress members, both Republicans and Democrats, are calling for action to address the risks posed by virtual currencies to investors and the financial system. 2. An Alphabet subsidiary, Verily, is using artificial intelligence (AI) in eye scanning procedures. This allows it to measure things such as blood pressure and age, and even whether someone smokes or not. 3. The Wikimedia Foundation has announced that it’s closing Wikipedia Zero. The project, which saw the Foundation partner with 97 mobile carriers in 72 countries around the world, allowed… Read More

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The 10 most important things in the world right now

Hello! Here’s what’s happening on Tuesday. 1. North Korea said it is “fully ready for both dialogue and war.” The op-ed by state-run news agency KCNA appeared to be a response to the Secretary of State Rex Tillerson saying the US will maintain “maximum pressure” on Pyongyang. 2. US President Donald Trump indicated he is open to some gun control reform. The White House said Trump is supportive of efforts to improve criminal background checks on gun buyers. 3. Christchurch in New Zealand declared a state of emergency and grounded planes as ex-cyclone Gita hits. Cyclone Gita, a category 4 cyclone, hit Tonga last week and flattened the country’s parliament.… Read More

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