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In the UK last year, 33 people were killed in agriculture, eight of them while handling cattle.

ASIC says that fixed coupon structured products are "complex, capital-at-risk products tied to the performance of reference shares," a definition that proves its point. Citigroup's advisers gave general advice, the company said. ASIC said retail customers "may have [been] led .. to believe that Citigroup was providing personal advice."

BIScom Subsection: 

F1 is fascinating for many reasons: one is the fact that there are days when one tiny event means not winning, when nearly perfect isn't good enough. And there's the fact that it's a brutal sport where fairness goes out of the window as soon as the lights go out at the first race of the season. Just three races into 2019 and it's already clear that even though much has changed, much has stayed the same.

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This day had to come: Marc Marquez has, unusually, been defeated by the forces of nature. Holding a commanding lead at the US GP at the Circuit of the Americans in Austin, one of the most fundamental aspects of motor-racing was demonstrated and he fell off leaving the result of the race, and the Championship, to cause more shaking of heads than a room full of joyous fan-boys.

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A solicitor (attorney) who was advising a company on a proposed purchase of a large stake in another company has been accused of using non-public information to make share transactions and profit therefrom.

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Case Summary: 

Two bankers have been jailed for a total of nine years for fixing (technically "manipulating") the Euro Interbank Offered Rate (EURIBOR) when the global financial crisis was at its worst. An associate who was previously convicted has been ordered to forfeit, under proceeds of crime legislation, less than 5% of his gain from the fraud.

Type of conduct: 
Other financial crime

The Hong Kong Monetary Authority (HKMA) today announces a new service schedule of the two “Coin Carts” under the Coin Collection Programme, for the period of 20 May 2019 up to 28 July 2019. The schedule and other details of the Programme are shown on the HKMA webpage (coincollection.hkma.gov.hk). (press release) .

Comment: Virtual banking is recognised, cryto-currencies are not.

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This newspaper has long argued that items such as goodwill and brand values should be excluded from balance sheets as they are nebulous, cannot be accurately calculated and give a false value to companies. So, we argue, does valuing companies on "revenue" and artificial straight line depreciation saying that fixed assets and profit are the only true measures of a company's value to shareholders. Once again, it is reported by a market regulator, a company is "writing down" goodwill. It's time for a radical rethink on how companies, especially listed companies, are valued.

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Charles Leclerc fumbled the start and saw his pole position evaporate. It was the only thing he did wrong in the entire race as he took the lead in an audacious move on his team leader, Sebastian Vettel, and didn't look back for the simple reason there was no one to see in his mirrors. Until gremlins arrived.

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I should say up front that I am not a fan of DRS but I concede that, sometimes, it's helped spice up what was an otherwise processional race. But in F1 this year, there seems to be a plan to have more DRS zones. Last night's race in Bahrain had three. When DRS was introduced, tracks had one. And, last night, DRS made an extremely positive contribution to the race but its contribution was limited and artificial. What if the DRS rules were changed to remove the limitation and artificiality?

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Mark Zuckerberg is great at making things up but over the weekend, he's proved that he's also great at coming up with other people's ideas. How do I know? Because the other people whose ideas he's come up with is me and I published them in a book in 2015 that leaned on material I'd published, originally, in the late 1990s.

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I've had the chance to watch an Indycar race on TV, something that, because of various rights fights, has been denied me for several years. There's good close racing but there's a lot wrong both with the rules and the way the sport is presented. What should have been edge of the seat stuff turned into a festival of yawns and a great deal of frustration. And then there's the cars.

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How does your life insurance company compare to others when it comes to handling claims? Now, if you are in Australia, the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) have produced data comparing insurance companies' performance and launched a tool to help policyholders make comparisons.

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It's a question that three years ago had a clear answer: yes; easily. Now, it's far more complicated. How far, then, should F1 go to appease the Italian team?

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