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Trinity Mirror sets aside another £7.5m for hacking scandal

Trinity Mirror has set aside £7.5m extra to settle phone-hacking allegations, and revealed it has secured a five-year contract to print the Guardian. The Daily Mirror owner said it had settled over 80% of claims. In a trading update for the 26 weeks ending 2 July, it said group revenue ...

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Bitcoin accepted at New York pre-school

The head of two Montessori schools in New York won’t let parents pay by credit card – but he is accepting Bitcoin. Marco Ciocca, co-founder and chairman of the Montessori Schools in Flatiron & Soho, added the option in June, after growing inquiries from parents. The decision comes as an ...

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Citizens Advice warning over 'phantom goods' scams

A rising number of people are being caught out by “phantom goods” scams – when items are bought online but are never delivered, Citizens Advice says. Cars, flights, furniture and insurance are among the goods and services which buyers think they are getting at a bargain, but which do not ...

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Online fraud 'overlooked' by government says watchdog

Online fraud has been “overlooked” by the government, police and business, according to public spending watchdog the National Audit Office. The growing problem needs “an urgent response” coordinated by the Home Office, NAO head Sir Amyas Morse said. Almost two million cyber-related fraud incidents were estimated to have taken place ...

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Jeremy Corbyn sacks three frontbenchers over single market vote

Three Labour frontbenchers have been sacked for defying Jeremy Corbyn and backing a call for the UK to stay in the single market after Brexit. Ruth Cadbury, Catherine West and Andy Slaughter had supported Chuka Umunna’s amendment to the Queen’s Speech. Staying in the single market is not Labour policy ...

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EU appeals WTO decision in Boeing dispute

The European Union (EU) has appealed against a recent World Trade Organization (WTO) ruling in favour of the US over its state aid for Boeing. Earlier this month a WTO dispute panel found the US had dealt with all but one of the instances of illegal subsidies to the aerospace ...

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US growth rate revised higher

The US economy grew at a faster pace than previously thought in the first three months of the year. The US Commerce Department said the economy grew at an annualised pace of 1.4% in the January-to-March period. The rate was an upward revision from the previous estimate of 1.2%, which ...

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Sony Music goes back to vinyl records

Sony Music, one of the big three global record companies, says it will start pressing its own vinyl releases again for the first time since 1989. The firm will resume in-house domestic vinyl production at a Japanese factory south-west of Tokyo by March 2017. The move comes amid renewed demand ...

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Nigeria: Ogoni widows sue Shell over military crackdown

The widows of four men executed by Nigeria’s military regime in 1995 are suing oil giant Shell for alleged complicity in a military crackdown. The civil case, filed in The Hague in the Netherlands, argues that the company provided support to the army, which ultimately led to the executions. Shell ...

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Walgreens Boots Alliance scraps plans to buy Rite Aid

Global pharmacy giant Walgreens Boots Alliance has dropped its plans to buy US-based rival Rite Aid. Instead, Walgreens has agreed to buy 2,186 Rite Aid stores and some distribution centres for $5.2bn ($4bn). Walgreens’ planned takeover of Rite Aid was first announced in October 2015. However, it faced resistance from ...

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