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Facebook shares fall amid privacy backlash

Image copyright Getty Images Facebook shares have been hit as the social network faces questions from US and British politicians about its privacy rules. Facebook is under fire after reports detailing how Cambridge Analytica, which is credited with helping Donald Trump win the US election. acquired and used Facebook’s customer …

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Carpetright and Mothercare shares dive on trading worries

Image copyright PA Shares in Carpetright and Mothercare have plunged amid fears about the retailers’ futures. Carpetright slumped more than 11% after a report suggested it would cut jobs and close stores as part of a rescue plan to stop it going into administration. Mothercare, which is in the midst …

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'I lost £15,000 in a day on gambling terminals'

Terry White ­says he lost £250,000 on fixed odds betting terminals. The machines let users bet up to £100 every 20 seconds on electronic casino games such as roulette and blackjack. But the UK’s Gambling Commission has recommended that should be cut to £30 or less. Watch the BBC’s Victoria …

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Where are the UK's youngest and oldest city populations?

Image copyright Alamy Cities are often thought of as places for the young, but the reality is that many have an ageing population. What difference does the age of a city’s residents make? Over the past two decades, the average age of a UK resident has risen by two years, …

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UK tech giant Micro Focus halves in value as shares crash

Image copyright Bret Fitzgerald Shares in the UK’s biggest tech firm, Micro Focus International, have halved after it warned of a sharper than expected fall in revenues and its chief executive resigned. Shares in the company, whose customers include American Express and insurance giant AIG, sank 55% in early trade. …

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Carillion finance directors to be probed by regulator

Image copyright PA The accounting watchdog is investigating the conduct of two former Carillion finance chiefs. Richard Adam and Zafar Khan has both been group finance director of the collapsed outsourcing company. The Financial Reporting Council probe will focus on Carillion’s financial statements for the years 2014, 2015 and 2016, …

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Fixed-odds maximum bet 'should be cut to £30'

Image copyright PA The maximum stake for fixed odds betting terminals (FOBT) should be cut to £30 or less, the UK’s Gambling Commission has recommended. It comes after consultation on FOBTs for the Department for Digital, Culture, Media and Sport (DCMS). The DCMS wants “to reduce the risks that consumers, …

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China anti-corruption chief Wang Qishan named Xi Jinping's deputy

Image copyright AFP/Getty Image caption Wang Qishan, left, shakes hands with President Xi Jinping after becoming his deputy China’s parliament has endorsed Xi Jinping for a second term and appointed Wang Qishan as his vice-president. The ballot at the National People’s Congress unanimously approved Mr Xi while Mr Wang received …

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UK growth forecast raised by British Chambers of Commerce

Image copyright Reuters The British Chambers of Commerce (BCC) has raised its UK growth forecast, but warns it will be among the worst performing G7 economies until 2020. The BCC has raised its GDP forecast for 2018 from 1.1% to 1.4% and in 2019 from 1.3% to 1.5%. Its first …

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Liu He: China's quiet economist becomes top economic leader

Image copyright Reuters Image caption Liu He has been called the brains behind China’s massive economic overhaul Harvard-educated Liu He has been named one of China’s four vice-premiers – in charge of economic policies and financial issues. It’s a huge and high-profile job. Known affectionately by some as “Uncle He”, …

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