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October 30, 2018
Facebook daily user growth slows as sales miss forecasts

Facebook daily user growth slows as sales miss forecasts

Image copyright Getty Images Facebook’s user growth has slowed and revenue failed to meet forecasts, according to the company’s latest results. An average of 1.49 billion people used Facebook’s social media service daily in September, up 9% on last year but below expectations of 1.51 billion. Growth remained flat in the US and Canada and …

October 30, 2018
Budget 2018: Do the poor benefit the most from the Budget?

Budget 2018: Do the poor benefit the most from the Budget?

The claim: People on the lowest incomes benefit most from Monday’s Budget. Reality Check verdict: The Treasury has not published analysis of whether this Budget will help the richest or poorest the most. The Institute for Fiscal Studies says the poorest will benefit the most as a proportion of their income. The Treasury’s analysis of …

October 30, 2018
GE shares plunge as investigation widens

GE shares plunge as investigation widens

Image copyright Reuters Shares in General Electric crashed by more than 10% following investor concerns about the turnaround prospects at the once-mighty industrial giant. GE admitted that US civil and criminal authorities had widened investigations into accounting practices at the firm. It also reported worse than expected third quarter results. It said that it would …

October 30, 2018
Tata and ThyssenKrupp steel merger faces EU probe

Tata and ThyssenKrupp steel merger faces EU probe

Image copyright EPA Image caption Steel worker takes a steel sample at a blast furnace run by ThyssenKrupp in Duisburg, Germany Brussels will open an in-depth investigation into the planned merger of Tata Steel and ThyssenKrupp, saying it could cut competition. The European Commission said it was concerned that customers would face higher prices and …

October 30, 2018
Sports Direct to shut Evans Cycles stores in rescue deal

Sports Direct to shut Evans Cycles stores in rescue deal

Image copyright Evans Cycles Billionaire Mike Ashley has announced a deal to buy Evans Cycles which will see half of the bike chain’s shops close, resulting in hundreds of job losses. The struggling firm was placed into administration before being sold to Sports Direct International. Mr Ashley, who founded Sports Direct, said: “In order to …

October 30, 2018
Brazil economy: Can Bolsonaro ride the ‘Bullsonaro wave’?

Brazil economy: Can Bolsonaro ride the ‘Bullsonaro wave’?

Image copyright Reuters Image caption Supporters of Jair Bolsonaro have put their trust into him but will he be able to deliver? If stock markets and currencies are anything to go by, Brazil’s economy would at first glance seem like one of the best bets for investors at the moment. While global markets have been …

October 30, 2018
Budget 2018: Premium Bonds more ‘accessible’ for children

Budget 2018: Premium Bonds more ‘accessible’ for children

Image copyright NS&I Image caption Premium Bonds have been around for years. Here is how the winning numbers were chosen in 1975 More family and friends will be able to buy Premium Bonds for children – giving them a 24,500 to 1 chance to win a tax-free prize of up to £1m. At present, only …

October 30, 2018
Budget 2018: A bit of a gamble, says IFS

Budget 2018: A bit of a gamble, says IFS

Image copyright Getty Images The Budget has been branded “a bit of a gamble” by a respected economic research group. The chancellor was able to promise more spending in his budget after forecasts for tax collection were raised, the Institute for Fiscal Studies said. But those forecasts could easily change for the worse, leaving the …

October 30, 2018
US mail bombs: Who is George Soros?

US mail bombs: Who is George Soros?

Hungarian-American businessman and philanthropist George Soros has become a divisive figure in global politics and has been ostracised by his home country. He was the first person targeted in the recent mail-bomb attacks against high-profile critics of President Trump in the United States, and has been the topic of numerous fake news stories and conspiracy …

October 30, 2018
Eurozone growth slows as Italian economy stalls

Eurozone growth slows as Italian economy stalls

Image copyright AFP Economic growth in the 19 countries using the euro currency slowed by more than expected in the third quarter of the year, official figures indicate. Growth in the eurozone slowed to 0.2%, compared with 0.4% in the previous quarter. The bloc was not helped by the performance of Italy’s economy, which registered …

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