Rolls-Royce chief retires

first_img whatsapp Show Comments ▼ Rolls-Royce chief retires whatsapp Rolls-Royce’s chief executive Sir John Rose is to retire after 14 years at the helm of the engine-maker.Sir John, who has been with the company for almost three decades, will be succeeded by John Rishton, currently chief executive of the Dutch retail giant Ahold.Rishton is also a former chief financial officer at British Airways.Chairman Sir Simon Robertson said Sir John had transformed the company in a way that had “few parallels”. John Dunne Share More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Thursday 30 September 2010 4:27 am Tags: NULLlast_img read more

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US sues American Express

first_img US sues American Express Monday 4 October 2010 9:25 pm KCS-content whatsapp Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe Wrap whatsapp Tags: NULL The Justice Department sued American Express yesterday, saying its rules preventing retailers from encouraging consumers to use cheaper, rival credit cards violate antitrust law. The Justice Department settled with Visa and MasterCard, which agreed to allow merchants to offer discounts to consumers who use less expensive types of credit or debit cards. The lawsuit has the potential to cut into a significant source of profits at American Express. The US credit card business vowed to fight the suit. Show Comments ▼ Sharelast_img read more

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TONIGHT WILL BE A NIGHT FOR HEARTY CELEBRATION

first_imgWednesday 27 October 2010 7:51 pm whatsapp TONIGHT WILL BE A NIGHT FOR HEARTY CELEBRATION Tags: NULL More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Share center_img THIS evening will see 450 guests in their finery roll up at the Grange hotel at St Paul’s, as City A.M. proudly hosts its first ever awards ceremony honouring the UK’s business stars and City luminaries.The award winners will come from a diverse range of sectors, from investment to retail banking, fund management and insurance right through to corporates, law and accountancy – with all nominations submitted by our readers and judged by a distinguished panel of industry leaders. Helping City A.M. editor Allister Heath and deputy editor David Hellier pick the winners were Slaughter and May partner Nigel Boardman; Simon Borrows of Greenhill; Alison Carnwath, chairman of Land Securities; Simon Dingemans, who is leaving Goldman Sachs for a new role as finance director of GlaxoSmithKline; KPMG senior partner John Griffith-Jones; Jon Moulton, founder of Better Capital; Finsbury PR founder Roland Rudd; Truett Tate, an executive director at Lloyds Banking Group; and Bob Wigley, chair of the Wigley Report.The winners will include company awards for the year’s best alternative manager, property firm, retail broker, insurer, professional services firm, law firm, retail and investment bank, while individual awards will go to those named the year’s best dealmaker, lawyer, fund manager, analyst, trader and rising star.They will then be topped off by the two flagship awards for company and personality of the year. In contention for the former are Barclays, Burberry, HSBC, BSkyB and Tesco, while the larger-than-life characters in the running for the latter are Barclays president Bob Diamond, Mayor of London Boris Johnson, Capita boss Paul Pindar, BA chief executive Willie Walsh and Angela Knight, chief executive of the British Bankers’ Association.After the awards presentation, led by TV presenter Katie Derham (left), the fun will really start – with entertainment from The Baseballs, the rock and roll band founded in Berlin, and a DJ until 3am. We look forward to celebrating with our guests well into the wee hours!PERSONALITY OF THE YEARThe nominees for the Personality of the Year award (above left to right): Barclays president Bob Diamond; Mayor of London Boris Johnson; Capita chief executive Paul Pindar; British Airways chief executive Willie Walsh and BBA boss Angela KnightA worthy winner is selected by the judges, including City A.M. editor Allister Heath, Land Securities chair Alison Carnwath, KPMG boss John Griffith-Jones, Better Capital’s Jon Moulton and Greenhill’s Simon BorrowsMicha Theiner/City A.M.COMPANY OF THE YEARContenders for Company of the Year are (above left to right): Barclays, headed by John Varley; Burberry, under Angela Ahrendts; HSBC, under the stewardship of Michael Geoghegan; BSkyB, under Jeremy Darroch; and retailer Tesco, led by Sir Terry Leahy by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBrake For It40 Features In Cars No One Ever Knew: No.19 Is In Every CarBrake For ItBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerFamilyThisThe Biggest Wrestlers From Back In The Day & How They Look NowFamilyThiszenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comMoneyWise.comThe Worst College In Every US State, RankedMoneyWise.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comMaternity WeekThis Was Found Hiding In An Oil Painting – Take A Closer LookMaternity WeekZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldDaily Finance StoriesChrissy Metz, 40, Shows Off Massive Weight Loss In Fierce New PhotoDaily Finance Stories Show Comments ▼ whatsapp KCS-content last_img read more

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CSC refuses Simon’s plan for Peel deal

first_img Show Comments ▼ whatsapp Share Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmcenter_img CSC refuses Simon’s plan for Peel deal KCS-content SIMON Property tried to give takeover target Capital Shopping Centres (CSC) a peace offering linked to its £1.6bn purchase of the Trafford Centre yesterday, after weeks of trying to block the deal. However, Capital rejected Simon’s offer of £800m to help fund the purchase last night, because it meant the US group taking a bigger stake in the company and would obliterate the stake given to Trafford Centre owner Peel Holdings, one source close to the firm said last night. The deal agreed last month would give Peel Holdings a 20 per cent stake in Capital, worth 367p a share, and install its chairman John Whittaker on the board of directors. Simon, the world’s biggest shopping mall owner, argued Peel was getting shares at an unfair discount to CSC’s net asset value. Chief executive and chairman David Simon said in a letter to the CSC board yesterday it had been speaking to other shareholders “who have expressed similar concerns”.The American firm yesterday offered to underwrite a Capital share issue of 205.5m shares at 400p each and give the cash proceeds to Peel instead of a share holding. Simon asked for a stake in Capital of between 18.4 and 27 per cent as part of the new offer, depending on whether other investors join the share placing. Earlier, Simon had pleaded with Capital to suspend the purchase of the shopping centre near Manchester while it prepared a takeover offer. Capital has an emergency general meeting planned for 20 December to let investors vote on the Trafford Centre deal with Peel Holdings, and Simon has now urged for this to be postponed.“We are deeply disappointed that CSC has failed to give our proposal due consideration, and in so doing, has ignored the concerns of both Simon and other long-term CSC shareholders,” said Simon last night. Tags: NULL Sunday 12 December 2010 11:13 pmlast_img read more

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MPC’s Miles attacks hawks in war on rates

first_imgWednesday 23 February 2011 9:26 pm whatsapp Tags: NULL More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comConnecticut man dies after crashing Harley into live bearnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com TENSIONS in the Bank of England’s rate setting committee heightened last night, after David Miles launched a thinly veiled attack on his ultra hawkish colleague Andrew Sentance.Sentance recently said sterling’s exchange rate should be a “key area of focus” for the Bank’s monetary policy committee (MPC). But last night Miles described any link between sterling’s depreciation in 2007-08 and the Bank’s exceptionally loose monetary policy as “a strange interpretation of history.”And he warned against Sentance’s suggestion of a rate hike, saying he remains “very sceptical” over such arguments. MPC’s Miles attacks hawks in war on rates Share Show Comments ▼ KCS-content whatsapp last_img read more

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Britons put record £7bn into housing equity

first_img John Dunne Britons put record £7bn into housing equity whatsapp Britons put a record £7bn of equity into their homes in the fourth quarter of the year as record-low interest rates encouraged homeowners to pay down debt, Bank of England data has shown.Between October and December Britons invested the equivalent of 2.7 per cent of post-tax income, and the highest figure in absolute terms since records began in 1970.This compares with £6.58bn in the third quarter and £6.272bn in the first.Britons have injected equity into their homes for the past three years, reversing the trend of home equity withdrawal to fund other spending that has dominated the previous decade. Monday 4 April 2011 6:45 am More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediamoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBeDrones Capture Images No One Was Suppose to SeeBetterBe Tags: NULL Show Comments ▼ Share whatsapplast_img read more

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Banks launch SME lending campaign

first_imgTuesday 5 April 2011 3:49 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Banks launch SME lending campaign Share whatsapp Tags: NULL John Dunne center_img whatsapp A task force of Britain’s major banks have launched a campaign to make lending to small and medium-sized businesses more transparent, the British Bankers Association said. Under the scheme, backed by the BBA, the banks will have to provide businesses with the result of a loan appeal within 30 days and information on alternative sources of finance if loans are denied.The banks involved are HSBC, Barclays, RBS and Santander.“We are delighted to announce the launch of the Better Business Finance campaign,” BBA chief executive Angela Knight, said.She said the move “represents the banking industry’s continued commitment to providing small and medium sized businesses with the information and support that they need.”In February, Britain finalised a deal with its banks to curb their bonuses and get them to lend more to business in the wake of a sharp downturn in business lending after the credit crisis.The deal, known as “Project Merlin,” would see Britain’s top banks lend about £190bn to business this year, up from about £179bn. Show Comments ▼ Read This NextWATCH: Shohei Ohtani continues home run tear, Los Angeles Angels winSportsnautYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof last_img read more

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London must fight hard to keep headquarters

first_img London must fight hard to keep headquarters HAVE you ever played Whac A Mole? A menacing, flinty eyed mole pops up out of his hole, and no sooner have you whacked him down than another menacing mole pops out of another hole. However hard you whack, that menace remains.It is the same for those who defend London as a global financial services centre. The Independent Commission on Banking mole popped up threatening to force the break up of the banks, but saw the light and ducked back down. The recommendations balance the competing interests of banks, their shareholders, consumers and taxpayers. Banks are still studying the small print, but requiring them to ring fence retail deposits so they are not used in investment banking is unlikely to be too great a burden to bear.But now comes another threat – the belief that actually we shouldn’t worry about whether London loses its banks headquarters to New York, Hong Kong or Singapore. This line of thought accompanied the Commission’s report, and has been repeated by financial commentators since, and is in danger of going mainstream. We shouldn’t worry about losing an HQ, the line of thinking goes – it just means you lose a few executive jobs, but the bulk of the business and workers would stay behind unaffected; and while the government will lose a little bit of corporation tax, it’ll keep the income tax on the workers, which is where the real revenues are.This is defeatist twaddle. The location of HQs is very important, which is why countries fight over them. There is the obvious reputational impact on London, which would have longer-term consequences. But most importantly, HQs aren’t just a few executives and a brass nameplate detached from their operations. When top executives go, their senior staff want to go with them – they’ll never get a promotion if their bosses never see them. Legal and other professional services firms must go where their clients are. If the HQs go, our other sectors that are global centres of excellence start being unpicked. And the jobs and tax argument fails the reality test – Google set up its European HQ in Dublin because of the corporate tax rate, and now it employs three times as many people there as in London, all paying income tax to the Irish not British government.The location of HQs matters. The good news is we have a strong chance of keeping them. The danger is that we start taking them for granted.Anthony Browne is an adviser to the Mayor of London KCS-content Wednesday 13 April 2011 8:31 pm whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Tags: NULL whatsapp Share Show Comments ▼ last_img read more

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Hedge funds to see pre-crash levels this year

first_img GLOBAL hedge fund assets shot up by 13 per cent last year to $1.9 trillion (£1.1 trillion), with further recovery to pre-crisis levels predicted for 2011.The leap marks the second consecutive year of growth, according to a report by financial services industry body TheCityUK.London remains the largest centre for managers of hedge funds, second only to New York. Almost 20 per cent of global hedge fund assets under management are controlled from the capital, whilst Wall Street handles 41 per cent.Global net inflows into hedge funds totalled $65bn in 2010, whilst a ten per cent performance return also added to the growth in funds under management.Fund of hedge funds’ assets also grew 10 per cent to $550bn, a third below their 2007 pre-financial crisis peak.Confidence amongst investors has returned, following several years of caution due to the economic downturn and reputation damage from the Bernard Madoff fraud.The trend could be set to continue, bar any further economic turbulence, with funds under management likely to recover to pre-crisis levels by the end of this year, the report claims. Hedge funds to see pre-crash levels this year KCS-content Show Comments ▼ whatsapp Tags: NULL Sharecenter_img Wednesday 27 April 2011 7:58 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastHero Wars This game will keep you up all night! Hero Wars Senior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsGundry MD Total Restore SupplementWhat Rice Does to the Human BodyGundry MD Total Restore SupplementBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesFilm OracleHer Love Triangle Inspired 3 Of The Most Popular Songs Ever WrittenFilm OracleMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPail More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com whatsapplast_img read more

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