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Boris Johnson looks certain to stay on in Downing Street after an early exit poll showed his Conservative Party could win 368 seats. (AP)

PM Boris Johnson Likely To Win Majority In UK Election

The Conservative Party looked set to win a sizable majority in Britain's general election late on Thursday, giving Boris Johnson the firepower he needs to push his Brexit agenda through Parliament.

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Not A Buyer? No Problem For Cartel Claims, EU Court Rules

Local governments can recoup public loans from cartels even if they’re not directly involved in the market, Europe’s top court ruled in a major elevator antitrust dispute on Thursday, saying that it would be unfair if those institutions weren’t allowed to claim losses. 

Prosecutors Fight Appeal Over 1st Unexplained Wealth Order

The high-spending wife of a banker asked an appellate court on Thursday to overturn Britain's first unexplained wealth order, saying the investigation into her finances was based on a “flagrant denial of justice” that led to her husband being convicted for embezzlement in Azerbaijan.

HP Accuses Autonomy CEO Of Repeated Lies At Trial

Autonomy founder Mike Lynch repeatedly lied in his retelling of events leading up to Hewlett-Packard’s ill-fated acquisition of his software firm, HP’s lawyer told a London judge as the trial over the technology giant’s $5 billion fraud claim wound down Thursday.

German Gov't To Plug Thomas Cook Insurance Shortfall

The German government is set to compensate its customers of Thomas Cook after admitting that the travel giant’s insurance cover in the country falls short, three months after it collapsed with £1.7 billion ($2.2 billion) in debt.

EU Lawmakers Seek To Bar EBA Chief From Lobbying Role

European Union lawmakers called on the bloc’s banking authority on Thursday to prevent its departing chief executive from going directly to lead a major lobbying group, saying the two posts will create a conflict of interest.

Rabobank Sues Ex-Trader For Exit Package Over Libor Fight

Rabobank has demanded that a former trader repay a £119,000 ($157,000) exit package that he allegedly violated by suing the Dutch lender for not coming to his defense when U.S. prosecutors charged him with rigging a key benchmark interest rate.

EU Calls For Tougher Regulation Of Suspicious Trade Reports

National regulators must step up their supervision of how financial services companies report suspicious transactions, Europe’s markets watchdog said Thursday, after it found that some businesses may not be complying with their disclosure requirements under European Union rules.

UK Watchdog's Ban Of Construction Co. Directors Overturned

Two Fourfront Group directors will be able to retain their positions within the business after a London court partially undid a decree from the country's competition watchdog that banned them from running any company.

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