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Westpac cuts 132 jobs across divisions, says trade union

From the bank's risk division, 62 roles are being reduced at a time when the country faces an "unprecedented level" of scams and cybersecurity threats, the Finance Sector Union (FSU) said in a statement. The job cuts across the risk and operations divisions come on top of the 20 layoffs in January at its sales support unit in the Mortgage Services division, which were outsourced to Concentrix Corp, FSU said. "From time to time, we change the way we operate and this can impact some roles and responsibilities," Westpac said in an email response to Reuters. ....

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State Street Says Malaysian Ringgit at Risk of Hitting New Low

(Bloomberg) The ringgit is at risk of falling to an unprecedented level should Malaysia plunge into fresh political tumult, according to the head of Asia-Pacific fixed income at State Street Global Advisors.Most Read from BloombergTraders Line Up for ‘Once-in-a-Generation’ Emerging Markets BetBlackstone Is Building a $25 Billion Empire of Power-Hungry Data CentersMusk Says First Neuralink Patient Received Implant in BrainTrump Cash Stockpile at Risk From $450 Million Dual VerdictsAmazon Drops ....

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Nobel laureate Yunus decries Bangladesh smear campaign from 'powerful quarters'

Nobel peace laureate Muhammad Yunus has condemned what he says is a smear campaign driven by "powerful quarters", telling AFP that news outlets in Bangladesh have falsely accused him of corruption as he fights a slew of court cases. Yunus appeared in court on Thursday for a case in which he is accused of violating labour laws. ....

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