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Feb 20, 2024

Background on that Capital One-Discover deal

Capital One announced plans to acquire Discover in a $35 billion deal. What you might not know is that Discover was started by a subsidiary of Sears.

The history predating this massive credit deal
by Nancy Marshall-Genzer
Capital One has announced plans to acquire the credit card company Discover Financial Services in a $35 billion deal. What you might not know is that Discover was started by the late lamented Sears.
Unpacking China's mortgage rate cut
by Jennifer Pak
Officials in China are cutting the cost of borrowing to buy property to jumpstart a moribund sector. China’s benchmark 5-year loan rate went down by one quarter of a percentage point.
What would Spain without water look like?
In Spain, the north-eastern region of Catalonia has been suffering from record-breaking drought. The regional government in Barcelona has now declared a state of emergency and imposed tough restrictions on water which is hitting people and businesses. The BBC’s Guy Hedgecoe reports.