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China Has 487 Electric-Car Makers, and Cities Want More10m Updated China Has 487 Electric-Car Makers, and Cities Want More
Partnerships between cities and electric-car startups are springing up all over China, spurred by Beijing’s call for the country to become a world power in electric-vehicle technology and by local governments eager to jump on the bandwagon.
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Currencies in USD
GBP 1,30 -0,385%
EUR 1,16 -0,173%
CHF 1,00 -0,301%
Poundworld to disappear from the High Street17m Updated Poundworld to disappear from the High Street
The collapse means all 335 stores will have closed by 10 August with the loss of 5,100 jobs.
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U.S. Envoy to China Feels the Heat From Trade Fight20m U.S. Envoy to China Feels the Heat From Trade Fight
Ambassador Terry Branstad, raised on an Iowa farm, is caught in the middle of the trade fight between the U.S. and China, with his home state in Beijing’s crosshairs and his special relationships with Donald Trump and Xi Jinping put to the test.
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Sports Direct profits plunge by 72% after £85m hit on Debenhams stake22m Updated Sports Direct profits plunge by 72% after £85m hit on Debenhams stake
Fall from £281.6m to £77.5m reflects drop in value of investment in struggling department store chain Profits at
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Comcast Drops Bid for Fox Assets, Will Pursue Deal for Sky23m Updated Comcast Drops Bid for Fox Assets, Will Pursue Deal for Sky
Comcast said it was dropping its pursuit for most of 21st Century Fox, ending a bidding war with Walt Disney, but said it would continue its pursuit of European pay-TV giant Sky PLC.
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U.S. Jobless Claims Hit Lowest Level Since 196939m Updated U.S. Jobless Claims Hit Lowest Level Since 1969
The number of Americans claiming new unemployment benefits fell last week to the lowest level in nearly five decades.
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Deutsche Bank trader jailed for five years for rigging lending rates41m Deutsche Bank trader jailed for five years for rigging lending rates
Christian Bittar estimated to have dishonestly made £2.5m on top of already huge salary A former “world-class trader” has been jailed for more than five years after helping to rig a vital banking benchmark. Ex-Deutsche Bank trader Christian Bittar was part of a wider conspiracy to dishonestly manipulate Euribor lending rates. The 46-year-old played a leading role in the four-year fraud and his personal profit was estimated to be around £2.5m.
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You Want This Tattoo? Get in Line48m Updated You Want This Tattoo? Get in Line
Keith McCurdy, the owner of Bang Bang, has transformed the body-art industry with his diverse hiring and high prices. Of course there’s a wait list.
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They Sold Their Startup to P&G. It Struggled. They Quit.53m Updated They Sold Their Startup to P&G. It Struggled. They Quit.
Vermonters Paul and Barbi Schulick sold their vitamin business to Procter & Gamble Co. in 2012. The company went from making roughly $7 million a year to attaining “bleeder-and-weeper” status within P&G, the couple said.
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55m Wall Street Dips on Weak Earnings, Strong Dollar
U.S. stocks fell on Thursday after a slew of weak quarterly reports dampened hopes of a robust earnings season, with a strengthening dollar and trade tensions also weighing on.
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House GOP Push to Extend Tax Cuts Meets Resistance in Senate1h 3m Updated House GOP Push to Extend Tax Cuts Meets Resistance in Senate
House Republicans are busily preparing “Tax Reform 2.0,” an extension of tax cuts that are set to expire after 2025. So far, their Senate counterparts aren’t interested.
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Subsidies for new household solar panels to end next year1h 3m Subsidies for new household solar panels to end next year
Renewable energy installations will no longer benefit from feed-in tariff, ministers confirm The renewables industry and green groups have accused ministers of striking a major blow against household solar power after the government said a green energy subsidy scheme would end next year without a replacement. The closure of the feed-in tariff (FIT) to new applicants from next April marks the final chapter for the scheme, which has encouraged more than 800,000 households to install solar panels since it was launched in 2010.
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On Amazon, Fake Products Plague Smaller Brands1h 10m Updated On Amazon, Fake Products Plague Smaller Brands
Amazon has made it easy for small brands to sell their products to large numbers of customers, but that has also enabled some counterfeiters to cut into their business.
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Poundworld to disappear from high street1h 10m Poundworld to disappear from high street
Poundworld will disappear from the high street next month after its administrators announced the chain's final set of store closures.
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 FTSE LIVE: Sports Direct profits tumble as SSE burnt by UK heatwave 1h 14m Updated FTSE LIVE: Sports Direct profits tumble as SSE burnt by UK heatwave
The FTSE 100 closed up 7.69 points at 7683.97, as the pound dropped to $1.30 after retail sales for June came in below forecasts.
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Comcast Pulls Offer for Fox Assets, Ending Bidding War With Disney1h 20m Updated Comcast Pulls Offer for Fox Assets, Ending Bidding War With Disney
The cable and broadband giant had been locked in a battle with the Walt Disney Company for the bulk of Rupert Murdoch’s Fox empire.
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A 4-Day Workweek? A Test Run Shows a Surprising Result1h 30m Updated A 4-Day Workweek? A Test Run Shows a Surprising Result
A New Zealand firm reduced its workweek to 32 hours over four days, and found that workers were more productive during their time at work.
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Mark Zuckerberg Seeks to Clarify Remarks About Holocaust Deniers After Outcry1h 40m Mark Zuckerberg Seeks to Clarify Remarks About Holocaust Deniers After Outcry
Facebook’s chief executive had said in an interview that false and “deeply offensive” conspiracy theories alone were not enough to get someone barred from the site.
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Pound hits 10-month low as World Cup fever hurts UK retail sales - as it happened1h 44m Pound hits 10-month low as World Cup fever hurts UK retail sales - as it happened
All the day’s economic and financial news, as UK retail spending disappoints and the Chinese yuan hits a one-year low
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Trump Bashes E.U. Over $5.1 Billion Fine for Google1h 45m Trump Bashes E.U. Over $5.1 Billion Fine for Google
President Trump has repeatedly criticized the European Union for what he insists are its unfair trading practices.
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Philip Morris Cuts Sales, Earnings Targets1h 52m Philip Morris Cuts Sales, Earnings Targets
Philip Morris International Inc. lowered its forecast on earnings and sales as it has faced weaker-than-expected demand for IQOS, its smoke-free electronic-cigarette device in global markets.
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Brexit: Raab and Barnier to meet as EU steps up no-deal warnings1h 56m Brexit: Raab and Barnier to meet as EU steps up no-deal warnings
New Brexit secretary holds first talks as EU27 set to get advice on consequences of breakdown The new Brexit secretary, Dominic Raab, is to hold his first meeting with the EU’s chief negotiator, Michel Barnier, as the EU sends out its strongest warning yet to member states over the need to
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Trump to Sign Executive Order on Job Training2h Updated Trump to Sign Executive Order on Job Training
President Donald Trump plans to sign an executive order on Thursday aimed at spurring new investments for training current and future American workers to help them secure jobs domestically.
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Comcast turns focus to Sky after exiting battle for 21st Century Fox2h Updated Comcast turns focus to Sky after exiting battle for 21st Century Fox
US media company’s move will make Rupert Murdoch’s bid to take full control more difficult Comcast has pulled out of its pursuit of 21st Century Fox, turning its focus to
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Pound hits 10-month low as World Cup fever hurts UK retail sales - business live2h Updated Pound hits 10-month low as World Cup fever hurts UK retail sales - business live
All the day’s economic and financial news, as UK retail spending disappoints and the Chinese yuan hits a one-year low
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U.K. Supermarket to Have ‘Quieter Hour’ for People With Autism2h U.K. Supermarket to Have ‘Quieter Hour’ for People With Autism
For an hour on Saturdays, Morrisons will dim the aisles, silence the music and take other steps aimed at easing sensory overload.
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Comcast backs down in fight for 21st Century Fox2h Updated Comcast backs down in fight for 21st Century Fox
The US media giant will concentrate on its Sky bid as Disney takes pole position for 21st Century Fox.
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The Many Ways Tariffs Affect Car Makers2h Updated The Many Ways Tariffs Affect Car Makers
Auto-industry representatives are expected to argue during a Commerce Department hearing that President Donald Trump’s proposed tariffs on auto imports would cost jobs and increase car prices.
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Burberry destroys £28m of stock to guard against counterfeits2h Burberry destroys £28m of stock to guard against counterfeits
Luxury brand burns clothing and beauty items in practice said to be widespread in retail The British fashion label Burberry destroyed more than £28m worth of its fashion and cosmetic products over the past year to guard against counterfeiting. In a practice understood to be common across the retail industry, the luxury brand burned £28.6m of products, including £10.4m worth of beauty items, according to its annual report.
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2h Wall Street Lower on Weak Earnings, Escalating Trade Tensions
U.S. stock indexes were trading lower on Thursday, as a batch of weak quarterly reports dampened a robust earnings season and trade tensions rose on news the European Union may retaliate if United States slaps tariffs on EU cars.
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Quarles Says Fed Should Consider Publishing Average Financing Rate3h Quarles Says Fed Should Consider Publishing Average Financing Rate
The Federal Reserve should consider launching an average financing rate alongside its replacement for the scandal-plagued London interbank offered rate, Fed Vice Chairman Randal Quarles said.
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Trump, in Latest Swipe at E.U., Assails $5.1 Billion Fine Against Google3h Updated Trump, in Latest Swipe at E.U., Assails $5.1 Billion Fine Against Google
President Trump has repeatedly criticized the European Union for what he insists are its unfair trading practices.
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Shares in Ad Giants Fall as Publicis Sales Disappoint3h Updated Shares in Ad Giants Fall as Publicis Sales Disappoint
Shares in some of the biggest ad companies tumbled after Publicis reported revenue below expectations, heightening investors’ concerns.
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No-deal Brexit would harm EU countries as well as UK, warns IMF3h No-deal Brexit would harm EU countries as well as UK, warns IMF
Growth across Europe would fall if UK went on to WTO rules, with Britain worst affected Britain crashing out of the EU without a deal would inflict significant economic pain across Europe leaving the region without any winners, the International Monetary Fund has warned. Staging an intervention as the new Brexit secretary, Dominic Raab,
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Burberry burns bags, clothes and perfume worth millions3h Updated Burberry burns bags, clothes and perfume worth millions
The fashion firm destroyed £28m of unwanted stock last year in a bid to protect its brand.
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Saudi Aramco in Talks to Buy Stake in Petrochemical Firm3h Saudi Aramco in Talks to Buy Stake in Petrochemical Firm
Saudi Aramco said it’s in early talks to buy a stake in one of the world’s largest petrochemical companies, an acquisition that would boost the state-run oil giant’s downstream operations.
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Majority of investors reject pay deal for Royal Mail chief executive3h Majority of investors reject pay deal for Royal Mail chief executive
Advisory vote will not stop Rico Back from receiving 17% more than predecessor Moya Greene Shareholders in Royal Mail have lodged a huge protest vote against the pay arrangements of the new boss of the privatised postal service. More than 70% of investors voted against the pay deal handed to its new chief executive, Rico Back. The Switzerland-based executive, who will commute to the UK in order to run Royal Mail, is being paid 17% more than his predecessor Moya Greene. Back will receive a basic salary of £640,000 – and will still receive the sum because Thursday’s vote is only advisory.
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 Sports Direct profits tumble as bet on Debenhams proves costly 4h Updated Sports Direct profits tumble as bet on Debenhams proves costly
Sports Direct said it was forced to write off £85m on its near-30 per cent holding in the department store chain, which – after three profit warnings this year – has seen its market cap shrivel to £155.7m.
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Finance Chiefs Say Too Much Data Is Making It Harder to Manage Risks4h Finance Chiefs Say Too Much Data Is Making It Harder to Manage Risks
Corporate finance chiefs say forming a cohesive and complete assessment of a company from proliferating data streams in an increasingly digital workplace has emerged as a top challenge.
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Eyes on the skies4h Eyes on the skies
Farnborough Airshow in pictures: The big, the fast, the noisy.
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The Most Important Number in Finance Is Going Away. Wall St. Isn’t Prepared.4h The Most Important Number in Finance Is Going Away. Wall St. Isn’t Prepared.
Libor, a benchmark for everything from adjustable mortgages to private student loans, is set to disappear by 2021. Regulators are worried that banks aren’t taking the change seriously enough.
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Trump Nominee Is Behind Anti-Union Legal Campaign4h Updated Trump Nominee Is Behind Anti-Union Legal Campaign
A conservative lawyer chosen to head a federal agency has spent months bringing cases that could bankrupt public-employee unions in several states.
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Comcast drops Fox bid to focus on Sky takeover4h Comcast drops Fox bid to focus on Sky takeover
Comcast, the US media group, says it has abandoned its interest in 21st Century Fox assets and will focus on a takeover of Sky.
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Gaucho to close Cau chain and axe 540 jobs4h Gaucho to close Cau chain and axe 540 jobs
Administrator Deloitte says it will focus on stabilising and selling the Gaucho Grill chain.
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Two former traders jailed in Euribor rate-rigging case4h Two former traders jailed in Euribor rate-rigging case
Christian Bittar and Philippe Moryoussef are jailed for five and eight years respectively for rate-rigging.
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More than 500 Gaucho workers lose jobs as restaurant group collapses5h More than 500 Gaucho workers lose jobs as restaurant group collapses
Cau will close immediately while 16 Gaucho outlets will still trade as a buyer is sought More than 500 restaurant workers have lost their jobs after the
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Gaucho to close Cau chain and axe 540 staff5h Gaucho to close Cau chain and axe 540 staff
Administrator Deloitte says it will focus on stabilising and selling the Gaucho Grill chain.
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Pound drops below $1.30 as June retail sales fall5h Updated Pound drops below $1.30 as June retail sales fall
Sterling falls after figures show shoppers shunned stores to focus on the World Cup last month.
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Facebook to Take Down Posts That Could Lead to Violence5h Updated Facebook to Take Down Posts That Could Lead to Violence
In response to attacks on individuals in Sri Lanka and Myanmar, the social-media platform will remove information if posts are flagged by local partners as potentially leading to violence.
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Gaucho collapses: 22 Cau restaurants to close5h Gaucho collapses: 22 Cau restaurants to close
Troubled restaurant chain Gaucho has fallen into administration, Deloitte has said.
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Airshow Buyers Seek Discretion Amid Trade Tensions5h Updated Airshow Buyers Seek Discretion Amid Trade Tensions
Some $35 billion in orders—or about 285 planes—have been snapped up by anonymous buyers this week at the aviation industry’s biggest trade fair of the year, as executives worry high-profile deals could exacerbate trade tensions.
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Price War Eats Into Unilever Profit5h Updated Price War Eats Into Unilever Profit
A fierce price war between consumer goods giants hit Unilever hard in the first half, with the Anglo-Dutch maker of Dove soap and Magnum ice creams reporting anemic sales growth and lower profit.
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Former Barclays traders face retrial in Euribor rate-rigging case5h Former Barclays traders face retrial in Euribor rate-rigging case
Jury failed to reach a verdict on three of the accused in an 11-week trial.
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DealBook Briefing: Google’s E.U. Fine Might Not Matter5h Updated DealBook Briefing: Google’s E.U. Fine Might Not Matter
The European Commission hit Google with a record antitrust fine yesterday, but the future will bring new antitrust fights in tech.
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 The dividend hero shares with yields as high as 48% 6h Updated The dividend hero shares with yields as high as 48%
An investment that pays 48 per cent a year sounds like one to file on the ‘too good to be true’ pile, but it's amazing what a decade of rising dividends can do for investors.
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 Should I move my pension pots to a new firm charging higher fees? 6h Updated Should I move my pension pots to a new firm charging higher fees?
I expected the financial advisers to look at the funds I could switch to within my existing pensions. Is there a reason they don't do this? I now feel I need advice about the advice!
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 FTSE LIVE: Sports Direct profits tumble a SSE burnt by UK heatwave 6h FTSE LIVE: Sports Direct profits tumble a SSE burnt by UK heatwave
The pound slipped briefly below $1.30 before edging back up after UK retail sales figures for June came in below forecasts. The figures for the whole quarter were good though, with growth of 2.1 per cent.
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 Royal Mail gears up for showdown with investors over pay packages 6h Royal Mail gears up for showdown with investors over pay packages
Ahead of the firm's annual general meeting today, investor advisory firms ISS and Glass Lewis urged shareholders to vote against the company's remuneration report.
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 Facebook says survey email is a scam but then admits its genuine 6h Facebook says survey email is a scam but then admits its genuine
A day after Facebook telling us a survey email was a scam something strange happened: It got back in touch with a U-turn - the email was genuine after all.
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 Royal Mail gears up for showdown with investors over executive pay packages 6h Royal Mail gears up for showdown with investors over executive pay packages
Ahead of the firm's annual general meeting today, investor advisory firms ISS and Glass Lewis urged shareholders to vote against the company's remuneration report.
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China Has 487 Electric-Car Makers, and Cities Are Clamoring for More6h Updated China Has 487 Electric-Car Makers, and Cities Are Clamoring for More
Partnerships between cities and electric-car startups are springing up all over China, spurred by Beijing’s call for the country to become a world power in electric-vehicle technology and by local governments eager to jump on the bandwagon.
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UK retail sales fall in June despite World Cup and heatwave barbecue boost6h UK retail sales fall in June despite World Cup and heatwave barbecue boost
ONS says clothing stores and other non-food retailers suffered from reduced footfall The
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 Dulux owner Akzo Nobel hikes paint prices by 5% 6h Updated Dulux owner Akzo Nobel hikes paint prices by 5%
Dulux owner Akzo Nobel has hiked the price of its paints, blaming higher raw material costs for oil solvents and the white chemical titanium dioxide.
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 Why Goldman Sachs wants Marcus to challenge British banks 7h Why Goldman Sachs wants Marcus to challenge British banks
Goldman Sachs is poised to launch an assault on the British banking market. It will start small with savings accounts but eventually intends to offer mortgages and current accounts as well.
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Pound falls as June retail sales fall7h Pound falls as June retail sales fall
The pound dips below $1.30 after figures show shoppers shunned stores to focus on the World Cup last month.
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 Facebook says survey email is a scam... but then admits its genuine 7h Facebook says survey email is a scam... but then admits its genuine
A day after Facebook telling us a survey email was a scam something strange happened: It got back in touch with a U-turn - the email was genuine after all.
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Trump Tried to Protect Qualcomm. Now His Trade War May Be Hurting It.7h Trump Tried to Protect Qualcomm. Now His Trade War May Be Hurting It.
Qualcomm’s chief executive, Steve Mollenkopf, needs Beijing’s regulatory approval to buy another chip maker, NXP. But a prolonged deal review by China is widely seen as retaliation for U.S. tariffs.
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Pound hits 10-month low as UK retail sales fall unexpectedly - business live8h Updated Pound hits 10-month low as UK retail sales fall unexpectedly - business live
All the day’s economic and financial news, as UK retail spending disappoints and the Chinese yuan hits a one-year low
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World Cup fails to lift UK retail sales in June8h World Cup fails to lift UK retail sales in June
The pound dips below $1.30 after figures show shoppers shunned stores to focus on the World Cup last month.
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 FTSE LIVE: Sports Direct profits tumble; SSE burnt by UK heatwave; Stocks in the red after the bell 8h Updated FTSE LIVE: Sports Direct profits tumble; SSE burnt by UK heatwave; Stocks in the red after the bell
The pound slipped briefly below $1.30 before edging back up after UK retail sales figures for June came in below forecasts. The figures for the whole quarter were good though, with growth of 2.1 per cent.
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 BoE could be forced into another interest rate U-turn 8h Updated BoE could be forced into another interest rate U-turn
Mark Carney could be forced into yet another U-turn on interest rates as prices rise at a slower rate than feared.
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Pound below $1.30 as heatwave hits retail sales8h Pound below $1.30 as heatwave hits retail sales
The pound has fallen below the $1.30 threshold for the first time in 10 months after retail sales figures added to growing market doubts about an August interest rate rise.
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Tariffs Imperil a Hometown Business in South Carolina: BMW8h Tariffs Imperil a Hometown Business in South Carolina: BMW
The automaker became the No. 1 exporter of American-made cars, transforming Spartanburg. Now it weighs the impact of an escalation of the trade fight.
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A Health Insurer Tells Patients It Won’t Pay Their E.R. Bills, but Then Pays Them Anyway8h A Health Insurer Tells Patients It Won’t Pay Their E.R. Bills, but Then Pays Them Anyway
Anthem may save money simply by announcing its policy, even if it is never enforced.
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Exponent in £150m talks to buy Viz and The Week8h Exponent in £150m talks to buy Viz and The Week
A former owner of the Radio Times has trumped a bid from the Daily Mail's publisher to buy the magazine empire behind titles including The Week and Viz.
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 Why do more than half of us think insurers will always avoid paying? 8h Why do more than half of us think insurers will always avoid paying?
In fact 55 per cent of consumers also believe insurers will always try and wriggle out of insurance claims, fuelling their resentment of the industry.
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World Cup fails to lift retail sales8h World Cup fails to lift retail sales
Shoppers shunned stores to focus on enjoying the World Cup and the heatwave, the UK statistics body says.
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Sports Direct profits fall after £85m hit on Debenhams stake8h Updated Sports Direct profits fall after £85m hit on Debenhams stake
The sports retailer's results are hit after the value of its stake in the department store chain falls.
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Chinese yuan hits one-year low as trade tensions build - business live8h Updated Chinese yuan hits one-year low as trade tensions build - business live
All the day’s economic and financial news, as Beijing allows its currency to hit its lowest level since last summer
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 Grand Designs-style timber home in Wordlsey for sale for £795k 9h Grand Designs-style timber home in Wordlsey for sale for £795k
With its unique shape and construction, this timber eco-property looks as if it could have featured on the popular self-build TV series Grand Designs.
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 SSE facing £80m profits hit as heatwave hampers gas demand 9h SSE facing £80m profits hit as heatwave hampers gas demand
The ongoing heatwave and sky-high wholesale gas prices mean the energy giant is now expecting its first quarter profits to come in around £80million lower than forecast.
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China Bike-Sharing Giant Ofo to Shut Most U.S. Operations9h Updated China Bike-Sharing Giant Ofo to Shut Most U.S. Operations
Less than a year after China’s Ofo Inc. entered the U.S. with big ambitions, the world’s largest bike-share company plans to shut down most of its U.S. operations, people familiar with the matter said.
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Sports Direct profits nosedive by 72%9h Sports Direct profits nosedive by 72%
Profits at sportswear retailer fall from £281m to £77m after huge hit on its investment in Debenhams Profits at
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SSE profits hit as hot weather affects wind turbines10h SSE profits hit as hot weather affects wind turbines
The energy group says profits have been hit by £80m as temperatures affect power and demand.
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State of the Art: How to Combat China’s Rise in Tech: Federal Spending, Not Tariffs10h Updated State of the Art: How to Combat China’s Rise in Tech: Federal Spending, Not Tariffs
The United States government once invested mightily to build the modern world. Now it has abdicated that role to a foreign rival.
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No plan in place for Brexit driving permits surge, say auditors10h No plan in place for Brexit driving permits surge, say auditors
Post offices could need to issue up to 7m permits in first 12 months after no-deal Brexit The government has no business plan if post offices are forced to issue up to 7m international driving permits in a single year in the event of a no-deal Brexit, Whitehall’s spending watchdog has disclosed.
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Sports Direct hit by £85.4m Debenhams own goal11h Sports Direct hit by £85.4m Debenhams own goal
Annual profits at Mike Ashley's Sports Direct have plunged by 73% after the firm took a £85.4m hit on its holding in Debenhams.
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Why can’t I get a refund for my faulty wedding dress?11h Why can’t I get a refund for my faulty wedding dress?
First there was a hole in the bodice, then it was the wrong size. But all I get is a credit note
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11h Updated Google Hit With Record $5 Billion EU Fine in Android Case
The EU fined Alphabet’s Google $5 billion, a record for the bloc that could loosen the company’s grip on its biggest growth engine: mobile phones.
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One-third of UK supermarket plastic is not easily recyclable, analysis shows11h One-third of UK supermarket plastic is not easily recyclable, analysis shows
Morrisons leads league table of supermarkets analysed for the proportion of their packaging that can be recycled Almost a third of
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How to Spend It: the shopping list for the 1%12h How to Spend It: the shopping list for the 1%
In an age of astonishing wealth, nothing reveals the lives of the ultra-rich like the FT’s unashamedly ostentatious luxury magazine. By Andy Beckett On 7 October 1967, the Financial Times, then the most buttoned-up newspaper in Britain and quite possibly the world, discreetly added a regular new page to its Saturday edition. Buried deep inside the paper, behind the usual thicket of articles about share prices and companies and pensions, the page was introduced to readers a little euphemistically, as “a guide to good living”. In small letters across the top of the page, the FT spelled out what “good living” meant. The page was called How to Spend It. In the still slightly austere postwar Britain of 1967, where the great majority of the FT’s prosperous readership of 150,000 lived, spending opportunities were limited. The new, monochrome page had an article about installing home central heating, then a relative luxury; about a new electric coffee maker; and about how to select and cook a pheasant: “Choose carefully. Hens are always best.” The most expansive piece was on an old-fashioned Scottish hotel owned by state-run British Rail. “The visitor is received with all the ceremony of an arrival at a country house,” wrote the reviewer. “You go into the immense hall and no one takes any notice.”
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The cashless society is a con – and big finance is behind it | Brett Scott12h The cashless society is a con – and big finance is behind it | Brett Scott
Banks are closing ATMs and branches in an attempt to ‘nudge’ users towards digital services – and it’s all for their own benefitAll over the western world banks are
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Tech We’re Using: When a Tech Reporter Doesn’t Use Much Tech12h Updated Tech We’re Using: When a Tech Reporter Doesn’t Use Much Tech
David Streitfeld has covered technology for years for The Times. He thinks the Luddites are misunderstood.
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Bowing to Trump, Novartis Joins Pfizer in Freezing Drug Prices13h Updated Bowing to Trump, Novartis Joins Pfizer in Freezing Drug Prices
The move comes as drug companies scramble to show they are responding to criticism about their rising prices, including from President Trump.
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You Want This Tattoo? Get in Line.13h You Want This Tattoo? Get in Line.
Keith McCurdy, the owner of Bang Bang, has transformed the body-art industry with his diverse hiring and high prices. Of course there’s a wait list.
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New York City Looks to Crack Down on Airbnb Amid Housing Crisis14h New York City Looks to Crack Down on Airbnb Amid Housing Crisis
The City Council voted unanimously to significantly regulate Airbnb and its peers, taking aim at landlords renting apartments a few nights at a time.
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Facebook to Remove Misinformation That Leads to Violence14h Updated Facebook to Remove Misinformation That Leads to Violence
Critics say the company has not done enough to block false posts that have led to attacks in countries including Sri Lanka, Myanmar and India.
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Supermarkets failing on non-recyclable plastic15h Supermarkets failing on non-recyclable plastic
Supermarkets are not doing enough to reduce the amount of plastic in their packaging that is hard or impossible to recycle, according to the consumer watchdog Which?
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Lidl bottom of recyclable packaging survey, says Which?15h Lidl bottom of recyclable packaging survey, says Which?
Consumer group Which? says up to a third of plastic packaging in supermarkets is not easily recyclable.
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E.U. Fines Google $5.1 Billion in Android Antitrust Case16h Updated E.U. Fines Google $5.1 Billion in Android Antitrust Case
European officials hit the internet giant with the record penalty for abusing its power in the smartphone market, the region’s latest move to rein in the clout of tech companies.
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Elon Musk Walks Back ‘Pedo Guy’ Attack on Diver in Thailand After Investor Pressure16h Elon Musk Walks Back ‘Pedo Guy’ Attack on Diver in Thailand After Investor Pressure
The tech billionaire had faced mounting criticism for calling the British diver a pedophile after the man criticized Mr. Musk’s submarine.
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Why the Google Case May Be Too Late to Matter Much16h Why the Google Case May Be Too Late to Matter Much
The European Union’s $5 billion antitrust action against Alphabet Inc.’s Google, while historic, ultimately may not prove too onerous.
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Justice Department Wants to Speed Appeal of AT&T-Time Warner Deal16h Updated Justice Department Wants to Speed Appeal of AT&T-Time Warner Deal
The Justice Department on Wednesday sought to fast-track its appeal of the court decision allowing AT&T to buy Time Warner, while offering the first hints of its legal arguments for the next phase of proceedings.
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Sinclair Tries to Appease F.C.C., but Its Tribune Bid Is Challenged16h Updated Sinclair Tries to Appease F.C.C., but Its Tribune Bid Is Challenged
The TV operator said it would sell off two stations through an independent trust. That was not enough to satisfy the Federal Communications Commission chairman’s concerns.
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Musk Apologizes for Calling Cave Rescuer a Pedophile16h Updated Musk Apologizes for Calling Cave Rescuer a Pedophile
Tesla’s chief executive apologized for lashing out at the British cave explorer who dismissed his efforts to help rescue the youth soccer team trapped in a Thai cave.
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Democrats Could Become a Free-Trade Counterweight to Trump17h Updated Democrats Could Become a Free-Trade Counterweight to Trump
Since the 1940s, the Republicans have been the party of free trade, Democrats the party of protection. Those labels need updating.
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Samsung to Launch Foldable-Screen Phone Early Next Year17h Updated Samsung to Launch Foldable-Screen Phone Early Next Year
Samsung is planning to introduce a foldable-screen smartphone early next year, as the world’s largest phone maker eyes a splashy device that can help boost longer-term demand for its slumping handset business.
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Zuckerberg Tries to Clarify Remarks About Holocaust Deniers After Outcry17h Zuckerberg Tries to Clarify Remarks About Holocaust Deniers After Outcry
Facebook’s chief executive had said in an interview that false and “deeply offensive” conspiracy theories alone were not enough to get someone barred from the site.
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Sinclair Changes Divestiture Plans to Address FCC Deal Concerns18h Updated Sinclair Changes Divestiture Plans to Address FCC Deal Concerns
Sinclair Broadcast said it will change divestiture plans for three television stations to sweeten its chances of winning approval for its acquisition of Tribune Media and appease criticism from U.S. regulators.
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Unlikely partners?18h Unlikely partners?
Israel may be a big ally of the US, but it is moving ahead with ever more business deals with China.
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Radical plans to end huge costs of buying a freehold unveiled18h Radical plans to end huge costs of buying a freehold unveiled
Law Commission draws up options enabling leaseholders to extend or buy more cheaply Millions of homeowners caught in the so-called “leasehold trap” may be able to buy their freeholds at a fraction of the price currently demanded by ground rent companies, under radical proposals from the Law Commission. One proposal is for a simple formula where leaseholders will pay just 10 times their current ground rent to convert their property from leasehold to freehold.
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Publishers warn of Brexit threat to record exports18h Publishers warn of Brexit threat to record exports
The UK's publishing industry says leaving the EU could seriously damage its record-breaking export business.
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U.S. Opens Inquiry Into Uranium Imports in Sign That Trade War Is Spreading19h Updated U.S. Opens Inquiry Into Uranium Imports in Sign That Trade War Is Spreading
The Trump administration cited national security concerns in announcing that it was starting an investigation into imported uranium ore, a key ingredient in America’s nuclear arsenal.
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Mark Zuckerberg Tries to Clarify Remarks About Holocaust Deniers After Outcry19h Updated Mark Zuckerberg Tries to Clarify Remarks About Holocaust Deniers After Outcry
Facebook’s chief executive had said in an interview that false and “deeply offensive” conspiracy theories alone were not enough to get someone barred from the site.
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 KP gobbles up potato crisps maker Popchips for an undisclosed sum 19h Updated KP gobbles up potato crisps maker Popchips for an undisclosed sum
A German food company has snapped up UK-based potato crisps maker Popchips. Intersnack Group revealed that its British arm had bought the company for an undisclosed sum.
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 Gaucho steakhouse is latest restaurant chain to go bust with £50m debts 19h Gaucho steakhouse is latest restaurant chain to go bust with £50m debts
Argentine steakhouse chain Gaucho has become the latest restaurant group to go bust, putting 1,500 jobs in doubt.
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 TalkTalk boss Sir Charles Dunstone walks away unscathed 19h TalkTalk boss Sir Charles Dunstone walks away unscathed
The threat of a shareholder revolt came to nothing at Talktalk’s annual general meeting yesterday, with boss Sir Charles Dunstone walking away unscathed.
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 MARKET REPORT: Smiths Group shares are wounded by a 7% dip 19h Updated MARKET REPORT: Smiths Group shares are wounded by a 7% dip
FTSE 100-listed engineer Smiths Group was wounded as its medical devices arm fell foul of new European rules.
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 Mr Kipling boss Gavin Darby survives coup by hedge funds 19h Updated Mr Kipling boss Gavin Darby survives coup by hedge funds
The boss of Mr Kipling cakes has narrowly survived an attempted coup by ruthless hedge funds. Gavin Darby, chief executive of Premier Foods, scraped through a crucial vote.
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 Google brings smart home gadget maker Nest in-house 19h Google brings smart home gadget maker Nest in-house
The boss of smart home gadget maker Nest is stepping down as owner Google brings it in-house.
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 DJ D-Sol: Introducing the new boss of finance powerhouse Goldman Sachs 19h DJ D-Sol: Introducing the new boss of finance powerhouse Goldman Sachs
David Solomon is not your typical Wall Street banker. The 56-year-old, who has been named the next chief executive of Goldman Sachs, is a DJ in his spare time.
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 ON THE BOARD: Baroness Altmann becomes the chairman of Pensionsync 19h ON THE BOARD: Baroness Altmann becomes the chairman of Pensionsync
Pensions campaigner Ros Altmann has become chairman of financial tech firm Pensionsync.
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Consumer Bureau Nominee Could Face ‘Bumpy Ride’ Over Lack of Experience19h Consumer Bureau Nominee Could Face ‘Bumpy Ride’ Over Lack of Experience
Kathleen Kraninger, who has little experience with the consumer finance products and businesses that the watchdog agency was created to police, will be grilled by lawmakers on Thursday.
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19h Updated US Stocks Edge Higher as Airlines, Railroads and Banks Jump
Big gains for banks and transportation companies like airlines and railroads took U.S. stock indexes slightly higher Wednesday. Other parts of the market didn't move much.
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 ALEX BRUMMER: Google is in the line of fire 19h Updated ALEX BRUMMER: Google is in the line of fire
European politicians and officials are fond of saying that Britain cannot have a ‘pick and choose’ Brexit.
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 Google brings smart home gadget maker Nest in-house with its boss stepping down 19h Google brings smart home gadget maker Nest in-house with its boss stepping down
The boss of smart home gadget maker Nest is stepping down as owner Google brings it in-house.
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 DJ D-Sol: Introducing the new music-mad boss of finance powerhouse Goldman Sachs 19h DJ D-Sol: Introducing the new music-mad boss of finance powerhouse Goldman Sachs
David Solomon is not your typical Wall Street banker. The 56-year-old, who has been named the next chief executive of Goldman Sachs, is a DJ in his spare time.
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Elon Musk Walks Back ‘Pedo Guy’ Attack on Cave Diver After Investor Pressure19h Updated Elon Musk Walks Back ‘Pedo Guy’ Attack on Cave Diver After Investor Pressure
The tech billionaire had faced mounting criticism for calling the British diver a pedophile after the man criticized Mr. Musk’s submarine.
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 ON THE BOARD: Baroness Altmann, 62, becomes the chairman of Pensionsync 20h ON THE BOARD: Baroness Altmann, 62, becomes the chairman of Pensionsync
Pensions campaigner Ros Altmann has become chairman of financial tech firm Pensionsync.
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Auto Industry Pushes White House to Back Off Tariffs20h Updated Auto Industry Pushes White House to Back Off Tariffs
Auto makers, parts suppliers and dealers are joining forces to push back against the Trump administration’s proposal to apply tariffs of up to 25% on vehicles and components imported into the U.S.
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Tech Fix: The Benefits (and Limits) of Using Tech to Plan a Wedding20h Tech Fix: The Benefits (and Limits) of Using Tech to Plan a Wedding
Our newly engaged tech columnist tried to use tech to plan his wedding. He was immediately overwhelmed by the complexity of the process.
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A Brief History of the Impact of E.U. Antitrust Fines on Tech Stocks20h A Brief History of the Impact of E.U. Antitrust Fines on Tech Stocks
European officials have fined Google a record $5.1 billion. History suggests the company’s share price won’t be affected.
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 Dulux owner Akzo Nobel hikes paint prices by 5% with it blaming higher raw material costs 20h Dulux owner Akzo Nobel hikes paint prices by 5% with it blaming higher raw material costs
Dulux owner Akzo Nobel has hiked the price of its paints, blaming higher raw material costs for oil solvents and the white chemical titanium dioxide.
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 Gaucho steakhouse is the latest restaurant chain to go bust with £50m debts 20h Gaucho steakhouse is the latest restaurant chain to go bust with £50m debts
Argentine steakhouse chain Gaucho has become the latest restaurant group to go bust, putting 1,500 jobs in doubt.
 Like Reply
New York-London in 3½ Hours? Supersonic Travel Is Back on the Horizon20h Updated New York-London in 3½ Hours? Supersonic Travel Is Back on the Horizon
Fifteen years after the Concorde last flew, investors, plane makers and equipment suppliers are pushing to revive superfast airliners and business jets. But will regulators go along—and will passengers be willing to pay?
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 Pension fund consulting giants face a crackdown 20h Pension fund consulting giants face a crackdown
The largest investment consultants to the UK’s £1.6trillion pension fund industry face a crackdown – but have escaped a forced break-up.
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Mark Zuckerberg’s Holocaust Comments Cause Outcry20h Mark Zuckerberg’s Holocaust Comments Cause Outcry
Facebook’s chief executive said Holocaust denial, false Sandy Hook claims and other conspiracy theories, however “deeply offensive,” were not enough to get barred.
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 TalkTalk revolt is short-lived with boss Sir Charles Dunstone walking away unscathed 20h TalkTalk revolt is short-lived with boss Sir Charles Dunstone walking away unscathed
The threat of a shareholder revolt came to nothing at Talktalk’s annual general meeting yesterday, with boss Sir Charles Dunstone walking away unscathed.
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 Is ANOTHER interest rate U-turn on cards? The BoE could be persuaded to stick to 0.5% 20h Is ANOTHER interest rate U-turn on cards? The BoE could be persuaded to stick to 0.5%
Mark Carney could be forced into yet another U-turn on interest rates as prices rise at a slower rate than feared.
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 Commodities trading giant Vitol strikes deal to turn coal waste into oil 20h Commodities trading giant Vitol strikes deal to turn coal waste into oil
Commodities trading giant Vitol has struck a deal to help turn coal waste into oil, that could bring the cost of a barrel down to just $10.
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 Chilled choc drinks and cocoa beers help Hotel Chocolat beat the heatwave 20h Chilled choc drinks and cocoa beers help Hotel Chocolat beat the heatwave
Sales of chilled drinks, fridge-friendly chocolate and ice cream have been booming at Hotel Chocolat thanks to last month’s heatwave.
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New Potbelly CEO Wants to Make Sandwiches More Interesting21h New Potbelly CEO Wants to Make Sandwiches More Interesting
Potbelly’s new chief executive says more interesting sandwiches can save the struggling restaurant chain.
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21h Updated Big Gains for Industrials and Banks Take US Stocks Higher
U.S. stocks are edging higher Wednesday as financial and industrial companies including railroads and airlines climb after a round of strong second-quarter reports. United Continental and Berkshire Hathaway are making their biggest gains in years. Most other groups of stocks are lower, however. Household goods makers are returning a chunk of their recent gains and technology companies are lagging behind the rest of the market.
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Fed Report Shows Mounting Tariff Concerns Among Businesses21h Updated Fed Report Shows Mounting Tariff Concerns Among Businesses
Manufacturers across the U.S. expressed concern about tariffs, with many reporting higher prices and supply-chain disruptions in the wake of new trade policies, according to the Federal Reserve’s beige book report.
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When Wives Earn More Than Husbands, Neither Partner Likes to Admit It23h Updated When Wives Earn More Than Husbands, Neither Partner Likes to Admit It
Deceiving the census: New research suggests that social attitudes are lagging behind both workplace progress and how people actually live their lives.
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This Design Studio Knows How to Party23h This Design Studio Knows How to Party
With its constantly changing fantasy environments and outrageous disco parties, the lighting firm Apparatus is creating buzz like a fashion brand.
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Ryanair cancels 600 flights over cabin crew strike23h Ryanair cancels 600 flights over cabin crew strike
Almost 50,000 passengers face disruption by a cabin crew strike in Belgium, Portugal and Spain.
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Farnborough Airshow: Aston Martin unveils sports car for the skies24h Farnborough Airshow: Aston Martin unveils sports car for the skies
James Bond's favourite car company has plans to develop small aircraft with engine giant Rolls-Royce.
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Google to appeal after EC fines it €4.34bn over Android competition breach - as it happened24h Google to appeal after EC fines it €4.34bn over Android competition breach - as it happened
All the day’s economic and financial news, as the EC fines Google for competition breaches
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EasyJet raises profits forecast as spring revenues soar24h EasyJet raises profits forecast as spring revenues soar
Growth comes despite air traffic control strikes and lower demand amid hot weather EasyJet has raised its profits forecast after soaring revenues in the spring, despite air traffic control strikes and the unusually hot weather dampening demand. Johan Lundgren, the airline’s chief executive, said costs from disruption had grown by £25m compared with the same period in 2017.
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Papa John’s Founder Will Not ‘Go Quietly’ as Company Tries to Push Him Away24h Updated Papa John’s Founder Will Not ‘Go Quietly’ as Company Tries to Push Him Away
As the pizza chain tries to distance itself from its founder, John Schnatter said he faced an extortion attempt and regretted stepping down.
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Google to appeal after EC fines it €4.34bn over Android competition breach - business live25h Updated Google to appeal after EC fines it €4.34bn over Android competition breach - business live
All the day’s economic and financial news, as the EC fines Google for competition breaches
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Housing Market Stumbles at the Beginning of Summer25h Updated Housing Market Stumbles at the Beginning of Summer
Nationwide home building declined sharply in June, a possible sign that construction labor shortages and rising material costs are causing more damage to the housing market than many analysts initially believed.
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 FTSE LIVE: EasyJet ups profit forecast amid strikes and weather woes 25h Updated FTSE LIVE: EasyJet ups profit forecast amid strikes and weather woes
The FTSE 100 closed up 49.95 points at 7676.28 as a weaker pound helped the exporters thronging the UK's top index.
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Donald Trump may kill the global recovery25h Donald Trump may kill the global recovery
The economy is being buffeted by growing concerns over the US president’s trade war How does the current global economic outlook compare to that of a year ago? In 2017, the world economy was undergoing a synchronised expansion, with growth accelerating both in advanced economies and emerging markets. Moreover, despite stronger growth, inflation was tame – if not falling – even in economies such as the United States, where goods and labour markets were tightening. Stronger growth with inflation still below target allowed unconventional monetary policies either to remain in full force, as in the eurozone and Japan, or to be rolled back very gradually, as in the US. The combination of strong growth, low inflation and easy money implied that market volatility was low. And with the yields on government bonds also very low, investors’ animal spirits were running high, boosting the price of many risky assets.
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Netflix Creating Comedy Radio Channel With SiriusXM25h Updated Netflix Creating Comedy Radio Channel With SiriusXM
The streaming-content giant has cut a deal with the satellite-radio broadcaster to create an outlet for its comedy content.
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 Why that cheap will from the bank could cost your family £30k 26h Updated Why that cheap will from the bank could cost your family £30k
Up to 1.5m people have been sold rip-off wills by banks, including Sheena Hayes's aunt, Martha. Lloyds took £32k from her estate in charges for acting as executor.
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Premier Foods boss survives investor revolt26h Premier Foods boss survives investor revolt
More than 40% of shareholders vote against Gavin Darby's re-election after a big investor urged him to quit.
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There’s a Reason You’re Drinking So Much Aperol Spritz26h Updated There’s a Reason You’re Drinking So Much Aperol Spritz
It’s officially the drink of the summer, thanks to an aggressive marketing campaign by Campari.
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UK annual house prices rising at slowest rate for five years – ONS26h UK annual house prices rising at slowest rate for five years – ONS
London dragging rate down while best performing regions are East and West Midlands UK house prices are rising at the slowest annual rate for almost five years, according to official figures showing falling London property values dragging down the rate of growth across the country. Revealing the latest snapshot for homeowners, the
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Powell Set to Testify Before House Panel on Interest Rates, Growth Outlook27h Updated Powell Set to Testify Before House Panel on Interest Rates, Growth Outlook
Federal Reserve Chairman Jerome Powell returns to Capitol Hill on Wednesday for a second day of testimony.
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 Gaucho on the brink of collapsing into hands of administrators 27h Updated Gaucho on the brink of collapsing into hands of administrators
The chain's imminent collapse would put around 1,500 jobs at risk. The group has filed a notice of intention to appoint Deloitte as its administrators.
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27h US Stocks Waver; Transports Rise but Energy Companies Slip
U.S. stocks are mixed in early trading Wednesday as energy companies fall with the price of oil, but industrial companies including railroads and airlines climb after a round of strong second-quarter reports.
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Air China pilots fired after vaping sparks mid-air emergency27h Air China pilots fired after vaping sparks mid-air emergency
Flying licences revoked after vaping co-pilot forced 737 flight into emergency descent Two Chinese pilots have been fired after one of them vaped during a passenger flight, causing an emergency descent due to a sudden loss of cabin pressure.
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Shareholders unconvinced more women should be in top jobs, MPs told27h Updated Shareholders unconvinced more women should be in top jobs, MPs told
Investors are more interested in green issues than gender equality, say company executives Shareholders are more concerned about environmental issues than promoting women to senior positions in boardrooms and some are not convinced that businesses need more women in top jobs, company executives have told MPs. At a hearing on women in executive management, the House of Commons’ women and equalities committee quizzed representatives from the water company Severn Trent, packaging company Smurfit Kappa, car parts and bike retailer Halfords, the infrastructure firm Stobart Group and housebuilder Persimmon.
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Novartis to Refrain From Raising U.S. Drug Prices27h Updated Novartis to Refrain From Raising U.S. Drug Prices
Novartis won’t increase its U.S. drug prices for the rest of 2018, the Switzerland-based drugmaker said, days after Pfizer took a similar step in the face of criticism from President Donald Trump.
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Rail ombudsman created to handle rising tide of complaints27h Rail ombudsman created to handle rising tide of complaints
With complaints running at 540,000 a year, the ombudsman is expected to be busy.
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U.S. Housing Starts Dropped Sharply in June28h Updated U.S. Housing Starts Dropped Sharply in June
U.S. housing starts fell starkly in June after making solid gains the prior month, as single-family home construction and apartment building dropped from May.
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 House prices slowest since summer 2013, ONS reports 28h Updated House prices slowest since summer 2013, ONS reports
House prices in Britain are growing at their slowest annual rate for nearly five years, according to latest data from the Office for National Statistics. The average price is now £226,351.
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Premier Foods chief clings on despite mass shareholder revolt28h Premier Foods chief clings on despite mass shareholder revolt
Gavin Darby faces 41% protest vote as activist investors say firm is in “zombie-like state’ Gavin Darby, Premier Foods chief executive, said he will stay on as the head of the Mr Kipling owner despite facing a 41% protest vote against his re-election by shareholders. Speaking after a stormy annual general meeting where activist shareholder Oasis called on Darby to step down regardless of the vote, chairman Keith Hamill said Premier’s board backed the chief executive and that decision had been accepted by a majority of shareholders.
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Texas Instruments CEO Resigns After Ethics Violations28h Updated Texas Instruments CEO Resigns After Ethics Violations
Texas Instruments CEO Brian Crutcher has resigned over violations of the company’s code of conduct, less than two months after taking control of the company.
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Tempest jet takes UK engineering by storm28h Tempest jet takes UK engineering by storm
It is to be the UK's sixth generation fighter jet - and I was one of the first people in Britain to climb into its cockpit.
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Teaching the elite to fly helicopters28h Teaching the elite to fly helicopters
State of the art airborne classrooms to help test pilots perfect their helicopter flying skills.
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 Failed Aussie store that took over Homebase reopens... as a Homebase again 29h Updated Failed Aussie store that took over Homebase reopens... as a Homebase again
Following one of the most disastrous takeovers of recent years, the Aussie DIY store that took over Homebase is about to disappear.
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 Families being lured into buying homes that may be impossible to sell 29h Updated Families being lured into buying homes that may be impossible to sell
Homebuyers are being locked into controversial leasehold contracts on newly built properties with this type of sale soon set to be banned.
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 How to invest in internet giants with a little caution 29h How to invest in internet giants with a little caution
Has your investment portfolio got teeth? Five firms have been delivering terrific returns to investors - Facebook, Amazon, Apple, Netflix and Google.
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U.S., Boeing Complete $3.9 Billion Air Force One Deal29h Updated U.S., Boeing Complete $3.9 Billion Air Force One Deal
Boeing secured a $3.9 billion deal to build the new jets that will fly as Air Force One, with only one wrinkle yet to be resolved: their color.
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Elon Musk Apologizes for Calling Thai Cave Rescuer a Pedophile29h Updated Elon Musk Apologizes for Calling Thai Cave Rescuer a Pedophile
Tesla’s chief executive apologized for lashing out at the British cave explorer who dismissed his efforts to help rescue the youth soccer team trapped in a Thai cave.
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Google to appeal after EC fines it €4.34bn over Android antitrust breach - business live29h Updated Google to appeal after EC fines it €4.34bn over Android antitrust breach - business live
All the day’s economic and financial news, as the EC fines Google for competition breaches
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Gaucho restaurant chain collapses29h Updated Gaucho restaurant chain collapses
Thousands of jobs are at risk as the Gaucho and Cau restaurant chains prepare to go into administration.
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DealBook Briefing: Goldman’s New Boss Won’t Start a Revolution29h Updated DealBook Briefing: Goldman’s New Boss Won’t Start a Revolution
David Solomon will officially take over from Lloyd Blankfein later this year, but the changes he makes at the helm of the firm will be subtle.
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The EU fining Google over Android is too little, too late, say experts29h The EU fining Google over Android is too little, too late, say experts
Industry analysts fear action against anti-competitive behaviour will punish consumers more than Google The European commission
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UK spy agencies criticised for lack of black leaders29h Updated UK spy agencies criticised for lack of black leaders
MI6 and MI5 had no one from minority ethnic background in a top post, MPs find The UK’s intelligence agencies suffer from a lack of black and Asian staff in top posts, according to a report from the parliamentary intelligence and security committee published on Wednesday. Neither MI6, which deals with overseas intelligence-gathering, nor MI5 had any people from a black, Asian or minority ethnic background in the top posts in 2016-17. The surveillance agency GCHQ was the only agency listed as having any staff at a senior level from a BAME background.
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Gaucho to file for administration, with 1,500 jobs at risk29h Updated Gaucho to file for administration, with 1,500 jobs at risk
Argentine restaurant group had been in last-ditch talks with potential buyers The restaurant group Gaucho is preparing to file for administration, putting 1,500 jobs at risk. The owner of the Gaucho and Cau brands is the latest victim of the intense pressure on the high street, which has cost 35,000 jobs in the retail and casual dining sectors this year. Sky News reported on Wednesday morning that the group had filed a notice of intent to appoint Deloitte as administrator as soon as the afternoon.
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Google hit with €4.3bn Android fine from EU29h Google hit with €4.3bn Android fine from EU
The European Commission has claimed Android unfairly cemented Google's dominance of search.
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Google fined £3.8bn by EU over Android antitrust violations29h Google fined £3.8bn by EU over Android antitrust violations
Company made its search engine the default on most phones using operating system Google has been hit with a record €4.34bn (£3.8bn) fine by the European Union for abusing its market dominance in mobile phone operating systems. The EU imposed the multibillion-euro penalty after finding that the US tech firm required smartphone manufacturers to pre-instal Google’s search and browser apps devices using its
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Google Fined $5.1 Billion by E.U. in Android Antitrust Ruling30h Google Fined $5.1 Billion by E.U. in Android Antitrust Ruling
European officials hit the internet giant with the record penalty for abusing its power in the smartphone market, the region’s latest move to rein in the clout of tech companies.
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EC fines Google €4.34bn over Android antitrust breach - business live30h Updated EC fines Google €4.34bn over Android antitrust breach - business live
All the day’s economic and financial news, as the EC fines Google for competition breaches
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 Gaucho steak restaurant on the brink of collapsing into the hands of administrators 30h Updated Gaucho steak restaurant on the brink of collapsing into the hands of administrators
The chain's imminent collapse would put around 1,500 jobs at risk. The group has filed a notice of intention to appoint Deloitte as its administrators.
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 Royal Mail and Countrywide chair quits his other board job as he tackles investor revolt 30h Updated Royal Mail and Countrywide chair quits his other board job as he tackles investor revolt
The chairman of Royal Mail and the estate agent Countrywide has had to quit another chairmanship amid boardroom turmoil.
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Google hit with 4.3bn euro Android fine from EU30h Updated Google hit with 4.3bn euro Android fine from EU
The European Commission has claimed Android unfairly extended Google's dominance of search.
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 Money Mail reader wins a £10k mobile bill reprieve 30h Updated Money Mail reader wins a £10k mobile bill reprieve
Rachel Howkins, who was hit with a £10,207 mobile phone bill, has now won a reprieve from provider Unicom.
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 Hotel Chocolat sweetens retail market as ice-cream fuels sales rise 30h Hotel Chocolat sweetens retail market as ice-cream fuels sales rise
While many retailers are shutting up shop, fast-growing chocolate firm Hotel Chocolat opened 15 new stores last year, helping it to bag a delicious double-digit sales rise.
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 All your questions about smart meters answered 30h Updated All your questions about smart meters answered
About ten years ago the EU said that by 2020, eight in ten homes should have smart meters. Not to be outdone, the UK Government followed with similar plan for the devices.
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Pound slides after UK inflation sticks at one-year low - business live30h Updated Pound slides after UK inflation sticks at one-year low - business live
All the day’s economic and financial news, including the latest cost of living figures in the UK
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 How to claim your power of attorney refund now, at the click of a button 30h How to claim your power of attorney refund now, at the click of a button
Just one person in eight eligible for a power of attorney refund has claimed their money back. Power of attorney lets someone make financial decisions on your behalf.
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Google Is Hit With Record $5 Billion EU Fine in Android Case31h Updated Google Is Hit With Record $5 Billion EU Fine in Android Case
The European Union hit Google with a record antitrust fine of $5.06 billion, a decision that could loosen the company’s grip on its biggest growth engine: mobile phones.
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New York-London in 3½ Hours? Supersonic Travel May Be Back31h New York-London in 3½ Hours? Supersonic Travel May Be Back
Fifteen years after the Concorde last flew, investors, plane makers and equipment suppliers are pushing to revive superfast airliners and business jets. But will regulators go along—and will passengers be willing to pay?
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Elon Musk Apologizes for Calling Cave Rescuer a Pedophile31h Updated Elon Musk Apologizes for Calling Cave Rescuer a Pedophile
Tesla Chief Executive Elon Musk has apologized for lashing out at the British cave explorer who dismissed his efforts to help rescue the youth soccer team trapped in a Thai cave.
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 Why that cheap will from the bank could cost your family £30,000 31h Updated Why that cheap will from the bank could cost your family £30,000
Barbara Morey can’t remember exactly how much she paid for the will she took out with NatWest about ten years ago. The 78-year-old reckons it was roughly £140.
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