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In response to recent tragedies, JPMorgan Chase and Bank of America are implementing new policies to limit junior bankers' working hours. JPMorgan will cap hours at 80 per week, while Bank of America will introduce a detailed timekeeping tool. These changes follow the death of a junior banker earlier this year.
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On August 30, 2024, Russia designated Galina Timchenko, founder of Meduza, as a 'foreign agent' and barred 92 U.S. citizens, including journalists, from entering the country. This move escalates the Kremlin's crackdown on dissent and press freedoms amid ongoing tensions with the West.
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Rupert Murdoch's attempt to amend his family trust to ensure his son Lachlan retains control over his media empire is under scrutiny in a closed court hearing. The case has drawn significant media attention due to its implications for the future of influential outlets like Fox News and The Wall Street Journal.
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On September 18, 2024, the Federal Open Market Committee announced a 50 basis point interest rate cut, the first in over four years. This decision comes amid slowing inflation and a cooling job market, prompting mixed reactions from political figures, particularly former President Trump, who criticized the move as politically motivated.