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GENEVA (AP) — Swiss bank Credit Suisse on Tuesday announced the departure of two top executives and said it expects a one-time charge of 4.4 billion Swiss francs ($4.7 billion) in connection with a previously announced default of a U.S. hedge fund on margin calls.

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NEW YORK (AP) — Just as President Joe Biden is pushing to raise taxes on companies to help pay for his infrastructure plan, a report from a Washington policy group is highlighting how many of them pay zero despite making big pretax profits.

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STOCKHOLM (AP) — Low-cost fashion brand Hennes & Mauritz AB on Wednesday reported an expected loss in the first quarter. Meanwhile, the pandemic-hit Swedish company said it was committed to remaining in the Chinese market despite facing a boycott there because of its views of alleged use of forced labor to produce cotton in the country’s western region of Xinjiang.

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DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state-backed oil giant Aramco announced Sunday that its profits nearly halved in 2020 to $49 billion, a big drop that came as the coronavirus pandemic roiled global energy markets.

DUBAI, United Arab Emirates (AP) — Dubai-based port operator DP World announced Thursday its profits slid 29% in 2020 from the previous year to $846 million, as the coronavirus pandemic froze supply chains and upended the world’s trade flows.

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OLYMPIA, Wash. (AP) — Washington's economy continues to improve, with the latest state revenue forecast showing that lawmakers will have more than $3 billion more to work with as they prepare to unveil budget plans next week, plus money the state will receive from the latest federal stimulus package.

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If you’re new to saving for retirement, all the unfamiliar jargon can be off putting. Here’s a primer on 20 of the most common retirement terms, outlining what they mean and why they’re important. Start here to build your retirement planning confidence. 1. 401(k) A 401(k) is the most popular employer-sponsored retirement savings plan. With […]

President Biden is going full speed ahead with his plan to raise the federal minimum wage to $15 an hour. The Democrats’ latest approach to convert Biden’s campaign promise to more than double the existing minimum wage from $7.25, where it’s been since 2009, is to include the increase in the $1.9 trillion COVID-19 relief package.

While wives are much more likely to outearn their husbands today than they were several decades ago, the share of female breadwinners varies on a geographic basis due to cultural and demographic differences.

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MapleStory, which debuted in South Korea in 2003 before reaching North America in 2005, is still a free-to-play, money-grabbing success story. The massively multiplayer online role-playing game (MMORPG) has taken root primarily in the Asian diaspora. Like its contemporary, World of Warcraft, MapleStory has been a matchmaker for real-life friendships and even marriages.

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