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Boris Johnson Faces Probe Into Financing of Downing Street Apartment Refit
LONDON—U.K. Key Minister Boris Johnson is being investigated by the country’s electoral watchdog subsequent allegations that he failed to declare who funded an upgrade of his residence at 11 Downing Avenue, the latest of a series of political battles around his conduct and that of his authorities. The Electoral Fee, which regulates political donations, reported Wednesday it had been in contact with Mr. Johnson’s Conservative Bash following concluding there “are fair grounds to suspect that an offense or offenses may have occurred,” amid allegations that undisclosed donors provide money for a refit of his official residence. Mr. Johnson reported he has personally coated the expenditures of the apartment’s face-elevate. “I compensated for it!” reported Mr. Johnson in the…
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Macy’s Raises $4.5 Billion in New Financing
Macy’s has lifted $four.5 billion as it appears to be like to get new stock and reopen outlets amid fallen from the COVID-19 pandemic. The financial debt contains $3.fifteen billion in new borrowings in opposition to its real estate belongings as effectively as a formerly introduced $1.3 billion bond presenting. In a statement, main govt officer Jeff Gennette said the presenting presents the business overall flexibility to function for the foreseeable future. “The substantial top quality of our real estate portfolio positioned us effectively to execute this presenting,” Gennette said. The cash will be applied to buy new stock, reopen outlets, and repay exceptional borrowings under an existing $1.5 billion…
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