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European Union Shapes COVID-19 Stabilization Plan: 'Details Have To Be Worked Out'
Friday, April 24, 2020 - 3:20pm | 515European Union leaders debated hard to reach an agreement on the structure of an economic recovery program. On Thursday, 27 EU leaders met in a virtual video conference to discuss proposals to stabilize Europe’s economy, which is struggling due to the coronavirus pandemic. The...
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Saudi Prince Reportedly Involved In Hacking Of Jeff Bezos Phone
Wednesday, January 22, 2020 - 5:21am | 400Saudi Prince Mohammed bin Salman was behind the hacking of Amazon.com Inc. (NASDAQ: AMZN) CEO Jeff Bezos’ phone in 2018, reported The Guardian, citing results of a new digital forensic analysis. What Happened A seemingly innocent WhatsApp message sent to Bezos from Mohammed bin Salman’s...
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'Error' Temporarily Allowed Ads To Target Sensitive Terms On Twitter
Friday, January 17, 2020 - 11:47am | 338Twitter Inc (NYSE: TWTR) has admitted that it temporarily allowed ad targeting with sensitive terms such as "neo-Nazi," “white supremacist” and “anti-gay,” according The Verge. BBC Tests Keywords On Twitter In the BBC’s latest...
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Boris Johnson And Cabinet To Skip Davos And Focus On Delivering Timely Brexit
Wednesday, December 18, 2019 - 5:13am | 367The newly-elected U.K. prime minister Boris Johnson will not attend the 2020 World Economic Forum summit in Davos, Switzerland, in January, The Guardian reported on Tuesday. Johnson has also barred his cabinet ministers from attending the event, according to The Guardian, as he wants to "get...
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Exercise Labels: The Next Frontier In Food Packaging?
Thursday, December 12, 2019 - 3:19pm | 366U.K. researchers are debating if food packaging should expand to include how much exercise is needed to burn off the calories included in a food item, according to The Guardian. What Is Exercise Labeling? Food packages must display nutritional information, including calorie and salt content. But...
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WeWork Could Leave Thousands Without Jobs
Monday, November 18, 2019 - 5:38am | 294Co-working space startup WeWork could lay off more than one-third of its total workforce as soon as next week, the New York Times reported on Sunday. What To Know From The NYT Report More than 2,000 people employed in WeWork’s core business of subletting working space will lose their jobs,...
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Analyst: Vodafone Weakness Likely Tied To Corbyn's Proposal To Nationalize Broadband Service
Friday, November 15, 2019 - 2:21pm | 552Jeremy Corbyn, leader of the U.K.'s Labour Party, plans to nationalize British Telecom's Openreach broadband network and provide free internet if the party wins power. The proposal is impacting shares of Vodafone (NASDAQ: VOD), according to an Edward Jones analyst. The...
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Germany Avoids Technical Recession, Eurozone GDP Projected To Rise 0.5% In 2020
Thursday, November 14, 2019 - 5:32pm | 686Germany has narrowly avoided a recession, with the latest figures released Thursday showing the country’s economy grew by 0.1% in the third quarter. Economists estimate that growth domestic product in the eurozone will grow by only 0.5% in 2020. In Spain, the latest quarterly GDP...
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Want To See Santa? That'll Be $2,500
Monday, November 11, 2019 - 7:05am | 298London’s iconic department store Harrods has set a strict policy for this year's Santa Claus visits at its Swarovski crystal-encrusted “Secret Forest Grotto.” What Happened Santa Clause visits will only be available to the families who have spent at least £2,000 ($2,560...
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EU Grants Another 3-Month Brexit Extension
Monday, October 28, 2019 - 10:32pm | 335The European Union on Monday granted the U.K. another three months to exit the bloc. What Happened U.K. Prime Minister Boris Johnson formally accepted the new deadline of Jan. 31, 2020, agreed upon by the European Commission’s decision, BBC reports. Britain has the option to exit the E.U....
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SoftBank Acquires 80% Ownership Of WeWork In Rescue Deal
Wednesday, October 23, 2019 - 12:38am | 366Tokyo-based investment giant SoftBank (OTC: SFTBY) received approval from the board of co-working startup WeWork to take for a multibillion-dollar takeover deal, The Wall Street Journal reported Tuesday. WeWork would be valued at about $8 billion with the deal. What Happened The terms of the deal...
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British Travel Agency Thomas Cook Folds: What You Need To Know
Monday, September 23, 2019 - 10:19am | 374British tour operator Thomas Cook said Monday it has "no choice but to take steps to enter into compulsory liquidation with immediate effect." What Happened Thomas Cook, with a history that traces back nearly two centuries, is known for packaging hotel and other travel...
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Brexit Update: Johnson's Brother Quits, Pence Supports PM
Thursday, September 5, 2019 - 1:29pm | 589Boris Johnson's proposal to hold a snap election Oct. 15 has been rejected by MPs in a major setback for the UK prime minister. His opposition, Labour leader Jeremy Corbyn, has said his party will agree to a snap election if a bill preventing a no-deal Brexit is passed. MPs will now...
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Apple Contractors Fired Following Eavesdropping Controversy
Wednesday, August 28, 2019 - 2:14pm | 104Apple Inc. (NASDAQ: AAPL) has let hundreds of European contractors go who listened to Siri recordings to check for errors, according to The Guardian. The company laid off 300 contractors in Cork, Ireland alone, according to the report. Apple shares were trading at $204.67 at...
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UK's Woodford Equity Income Fund Suspended
Tuesday, August 20, 2019 - 2:22pm | 632On June 3, U.K.’s most high-profile fund managers, Neil Woodford’s £3.75-billion ($4.55 billion) LF Woodford Equity Income Fund, was suspended as the fund manager struggled to free up cash to pay investors looking to get their money out. What Woodford...