Aviva announces 2020 half-year financials

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In response, Blanc has vowed to focus on the insurance giant’s core businesses.

“We will focus Aviva on our strongest businesses in the UK, Ireland and Canada and aim to be the UK’s leading insurer,” she said. “We are going to focus on those businesses where we have the necessary size, capability and brilliant customer service to generate superior shareholder returns. This is where we will invest and grow.

“Where we cannot meet our strategic objectives, we will take decisive action and we will withdraw capital.”

The company noted the impact of COVID-19, saying its results “demonstrate resilience” which has

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Fed’s Kaplan sees U.S. growth returning in second half, but consumers staying cautious

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SAN FRANCISCO (Reuters) – The U.S. economy is headed for a return to growth in the second half of the year after a steep decline this quarter, Dallas Federal Reserve Bank President Robert Kaplan said on Wednesday.

FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan speaks during an interview in his office at the bank’s headquarters in Dallas, Texas, U.S. January 9, 2020. REUTERS/ Ann Saphir – RC2GCE9O2IAZ/File Photo

But even after infections of the coronavirus crest and the economy begins to reopen, he said, consumers may not spend as freely as before the crisis, not only because of

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SK Hynix shares fall on demand worries after U.S. curbs on Huawei chip supply

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SEOUL (Reuters) – Shares of South Korea’s SK Hynix (000660.KS), the world’s No.2 memory chip maker and supplier to Huawei [HWT.UL], fell as much as 3.3% early on Monday after a U.S. move to curb semiconductor supplies to the Chinese company stoked fears about a demand hit.

FILE PHOTO: Employee walks past the logo of SK Hynix at its headquarters in Seongnam, South Korea, April 25, 2016. REUTERS/Kim Hong-Ji/File Photo

The U.S. Commerce Department said on Friday that foreign companies that use U.S. chipmaking technology will be required to obtain a U.S. license before supplying certain chips to

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Building partnerships or raising flags?

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In July the European Central Bank welcomed the decision brought forward by 16 European banks to launch The European Payments Initiative, a pan-European payment scheme. Although the solution aims to unify the currently fragmented landscape, Marius Galdikas, CEO at ConnectPay, points out it does raise a few red-flags concerning potential partnership and competition issues.

The European Payments Initiative: Building partnerships or raising red flags?

In July 16 Eurozone banks from five countries—Belgium, France, Germany, the Netherlands, and Spain—presented the idea of a unified payment solution for consumers and merchants across Europe – the European Payments Initiative (EPI).

The EPI aims

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