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CITY VIEWS: ARE YOU CUTTING BACK ON SPENDING GIVEN ECONOMIC UNCERTAINTY?

By on September 4, 2021

first_img MARCELA KERUL-KMECOVA | ERNST & YOUNG“I’m definitely spending less and I’m trying to cut down on going out too. I’m also trying to buy a property so I’m trying to save a certain amount of money every month. I’ve been in the UK for 10 years and things have certainly changed – it’s more difficult.”CHRISTOPHE GROSEIL | OPPENHEIMER“Am I worried about the state of the economy? Yes. Am I spending less? Of course. I’m concerned, but I’m French and there are the same problems over there too. At least in fixed income, which is the sector I work in, things aren’t too bad at the moment.”JENNY BROWN | MARSH“At the moment I’m trying to buy my first property and although prices are down, I’m worried about a double dip. But if it happens, it happens – I don’t get too worried by what Mervyn King says because you can’t live your life by what other people think.” whatsapp KCS-content More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org whatsapp CITY VIEWS: ARE YOU CUTTING BACK ON SPENDING GIVEN ECONOMIC UNCERTAINTY? center_img Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoWorldemandThe One And Only WD40 Trick Everyone Should KnowWorldemandUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMoneyWise.com15 States Where Americans Don’t Want To Live AnymoreMoneyWise.comUndoinvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comUndo Show Comments ▼ Thursday 12 August 2010 7:54 pm Tags: NULLlast_img read more

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Basel III will be a step in the right direction

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first_img Basel III will be a step in the right direction Share Sunday 19 September 2010 10:02 pm LAST week marked the second anniversary of the collapse of Lehman Brothers. It was also the week the Basel Committee on Banking Supervision chose to release their Basel III recommendations that will shape the future regulation of the global industry for years to come. This is no coincidence; Basel III is designed to prevent a situation like the collapse of Lehman Brothers – and the crisis which followed, when trust not only in banks but between banks failed – from ever happening again. In this sense there is no doubt Basel III and a global agreement on bank capital requirements is a positive step.Banks have been provided with the certainty they need in order to plan future strategy. And unlike the previous recommendations, Basel III has dealt with the issues of capital and liquidity swiftly, decisively and with a sense of urgency. We are still at an early stage in the process and must ensure the intentions underpinning the recommendations hold true as the legislative process takes its course.This is politically sensitive: legislating to increase the amount of capital banks are required to hold will reduce systemic risk in the financial marketplace but it will also result in credit being harder to come by and more expensive for the consumer.Whilst many UK banks are well capitalised, they will inevitably be cautious as the new capital requirements kick in. At a time when the government is asking them to lend more money to boost the UK’s recovery, it will be interesting to see how these two conflicting priorities are resolved. However, the key outcome of Basel III is that risk – an essential component within the financial marketplace – is managed in such a way it poses less of a danger to the UK taxpayer.There are concerns the proprietary trading and other “risky” activities will simply move away from banks and instead be taken over by hedge funds, private equity firms and other “unregulated” bodies. Even though there is some evidence that this is already happening, it is misleading to describe these sections of the industry as “unregulated”. It will be more misleading in the future, with EU directives on Additional Investment Fund Managers and OTC Derivatives already the subject of intense discussion. More importantly, these financial vehicles pose far less of a systemic risk to the global marketplace than banks do and will not be bailed out if they fail. Stuart Fraser is the policy chairman at the City of London Corporation. KCS-content center_img whatsapp whatsapp Show Comments ▼ Tags: NULLlast_img read more

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Bank lender Takefuji files for bankruptcy

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first_img TAKEFUJI said it filed for bankruptcy yesterday owing $5.1bn (£3.2bn), making it the biggest Japanese consumer lender to fail since a court ruling in 2006 forced the industry to repay borrowers for excessive interest charges.Takefuji, which had been considered at risk of failing as it lacked the financial backing of a big Japanese bank, said it had filed with a Tokyo court for protection from creditors, citing interest reimbursements, tighter lending rules and harsh competition.The lender’s president, Akira Kiyokawa, and executive vice president Takeru Takei, son of the company’s founder Yasuo Takei, resigned following the court filing. Director Junichi Yoshida, replaces Kiyokawa as Takefuji’s boss.“We made the decision to file because we were clearly in a situation were we were going to default,” Yoshida said at a press briefing in Tokyo. “It became clear we could not go on,” he added.Takefuji and other consumer lenders have struggled to survive after Japanese courts ruled in 2006 that they had charged too much interest and had to repay borrowers. whatsapp whatsapp Tuesday 28 September 2010 10:48 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof KCS-content Share Show Comments ▼ Bank lender Takefuji files for bankruptcy Tags: NULLlast_img read more

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Panmure losses grow as tough markets take toll

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first_img KCS-content 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad: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 Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap STOCKBROKER Panmure Gordon yesterday said losses ballooned over the first half after “exceptionally difficult” market conditions dragged income down by nearly 40 per cent.Panmure, which also announced the appointment of ex-Old Mutual Securities chief executive and UK Athletics chair Edmond Warner as its new chairman, is currently being stalked by larger rival Evolution.Last week, Evolution said a bid for Panmure is a possibility it is considering, adding that it would look closely at the first half results to assess the strategic sense of making an offer. No formal discussions have taken place between the two sides, and Panmure, 47 per cent owned by Qatari investment bank QInvest, initially appeared hostile to the idea of a deal, insisting Panmure has a clear strategy “as an independent entity”.Panmure’s total income for the first half came in at £17.1m, compared to £28.4m in the same period last year, as the size of investment banking deals dropped dramatically and commission income weakened. The stockbroker posted pre-tax loss of £6.05m, which compares to £3.48m it lost in the same period a year ago. Tags: NULL Show Comments ▼ Panmure losses grow as tough markets take toll Wednesday 29 September 2010 11:22 pm whatsapp whatsapplast_img read more

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Diamond: Let bad banks go bankrupt…

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first_img BARCLAYS president Bob Diamond yesterday said no bank should ever again have to fall back on the taxpayer for a bailout, as he argued that the future stability of the banking system lies in the successful implementation of “living wills”.“Strong banks want strong regulation,” Diamond said, referring to the raft of regulatory changes currently battering the banking sector. “We certainly don’t want a repeat of the crisis and no bank should ever take taxpayer money.”Diamond reiterated Barclays’ firm opposition to politicians’ proposals to mitigate risk in the financial system by splitting up banks’ investment and retail operations, adding: “The key to managing systemic risk lies in resolution plans… Large banks like Barclays, HSBC and Standard Chartered have to compete against the likes of JP Morgan and Bank of America, Santander in Spain, Deutsche Bank in Germany and BNP Paribas in France – and we see no sign of authorities around the world moving to change the structure of those institutions.”Bank of England deputy governor Paul Tucker agreed, telling delegates at the CBI’s annual conference that the “bedrock of trust” for banks was for customers to understand both that their money is safe and that banks will be allowed to fail in the future in an “orderly fashion”.Diamond said he “applauded” the UK government for the tough decisions it has taken to bring the deficit under control and said he recognised banks’ “obligation” to support growth, but warned that placing an excessive tax burden on the sector could hamper its ability to lend to smaller businesses. On bank lending to small and medium-sized enterprises, which has come under the spotlight as smaller businesses struggle to gain access to finance, Diamond said banks are still lending but that they also have a duty to approve loans responsibly. KCS-content Show Comments ▼ Diamond: Let bad banks go bankrupt… Monday 25 October 2010 8:31 pm 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 A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldDiscovery23+ Sports Stadiums Around the World That Are Abandoned NowDiscoveryZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldcenter_img whatsapp Tags: NULL More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org whatsapp Sharelast_img read more

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Peacocks sale is called off

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first_img 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 WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Friday 5 November 2010 12:32 am The owners of Peacocks, the discount fashion retailer, have called off talks to sell the company after prospective buyers opted against stumping up the £500m price tag, according to Sky News. Bain Capital and Blackstone, the two remaining bidders for the company, have decided not to make formal offers after indicating that they were not prepared to meet the asking price of Peacocks’ owners. Peacocks sale is called off whatsappcenter_img whatsapp Show Comments ▼ Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm KCS-content last_img read more

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WHAT HAS ENABLED MAJESTIC TO BUCK THE TOUGH CONSUMER TREND?

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first_img whatsapp Monday 15 November 2010 8:09 pm KEITH BOWMAN | HARGREAVES LANSDOWNThe half-year performance has been underwritten by a management decision to reduce the minimum order from twelve to six bottles, with the initiative proving popular with both existing and new customers.KATHARINE WYNNE | INVESTECMajestic’s move to the six-bottle minimum appears to have added another gear to what was already a well-honed and finely tuned customer-orientated business. It has also upped its game in the online space.DAVID STODDART | FINNCAPWe have argued that one of the attractions of rollout stories at this point in the cycle is their ability to source new property at attractive rates. The underlying performance was even stronger. KCS-content whatsapp Share Tags: NULL Show Comments ▼ More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com WHAT HAS ENABLED MAJESTIC TO BUCK THE TOUGH CONSUMER TREND? last_img read more

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Has the snow hit your Christmas shopping?

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first_img Has the snow hit your Christmas shopping? Show Comments ▼ whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof KCS-content Share MATT HAWKER | ZENITH BANK“I wasn’t really affected as I did most of my shopping early – although I have done less shopping online than other Christmases.”GRAEME IRWIN | ALEXANDER DAVID SECURITY“No, I’m an old fashioned shopper so tend to buy presents and take them home from work with me. I’ve done less online shopping than usual though.”JACKIE ASSER | BOOTS“I’ve done more shopping on Amazon as I couldn’t get out, but the amount of money I’ve spent hasn’t really differed from previous years.” whatsapp Tuesday 21 December 2010 8:29 pm Tags: NULLlast_img read more

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LinkedIn eyes public listing plan for 2011

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first_img LINKEDIN, the social networking site for professionals, plans to go public in 2011 and has selected its financial underwriters, according to sources familiar with the situation.Morgan Stanley, Bank of America and JPMorgan are among the book runners. Bankers made their pitches to the privately-held company in November.“An IPO is just one of many tactics that we could consider,” a spokesman for LinkedIn said yesterday. He declined further comment.Internet companies such as LinkedIn and Zynga, a popular maker of online social games, are considering offerings well ahead of a potential IPO of Facebook.“Some of these companies want to go public because they want to beat Facebook and others [to get to an IPO first],” said one of the sources. “If Facebook went public before LinkedIn, do you think anyone would pay that much attention to LinkedIn?”Facebook is not expected to file for a public offering until late 2012, Facebook board member Peter Thiel said in September.But that could change. Regulators are scrutinising a $500m (£323.6m) investment and a commitment to raise at least $1bn more in Facebook this week by Goldman Sachs and Digital Sky Technologies, one of the sources said. LinkedIn is hoping to attract investors on its reputation as one of the web’s fastest growing social network sites. Show Comments ▼ whatsapp Thursday 6 January 2011 8:50 pm KCS-content Sharecenter_img Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndo LinkedIn eyes public listing plan for 2011 whatsapplast_img read more

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UK Mail blames poor weather conditions for profit warning

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first_imgWednesday 12 January 2011 8:21 pm KCS-content whatsapp Show Comments ▼ Share SHARES in UK Mail dropped more than nine per cent yesterday after the delivery firm warned on its full-year profits, prompting Investec to cut its earnings and dividend forecasts and its target price to 400p from 420p.“Whilst we were able to manage our operations such that over 99 per cent of our Christmas parcel deliveries were delivered before Christmas, the weather meant that we incurred additional cost in our network to hold and deliver consignments,” said UK Mail.In a note, broker Investec said: “Whilst many of the issues faced in the third-quarter are one-off in nature, we have chosen to take a slightly more cautious approach to our expectations for the following financial years as well.” The broker cuts its earnings forecasts by up to 5.3 per cent for the years 2011-13, and reduces its dividend per share estimates by up to 4.7 per cent for the same period.Investec, however, repeats its “buy” rating, saying that: “UK Mail has a strong UK market position and is managed well operationally,” and “it remains in a strong financial position”. The shares closed 4.27 per cent down at 317p. whatsapp UK Mail blames poor weather conditions for profit warning Read This Next’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 WrapHow HGTV’s ‘Renovation Island’ Changed Bryan and Sarah Baeumler’sThe Wrap’Bridgerton’ Stars Phoebe Dynevor and Nicola Coughlan on Daphne andThe WrapBest Wine Gifts & Wine Accessories at Every PriceGayot’Hitman’s Bodyguard’s Wife’ Earns $17 Million 5-Day Opening as Box OfficeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe Wrap Tags: NULLlast_img read more

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