Category: Business
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‘A monster’: lawyers for Mohamed Al Fayed’s alleged victims liken case to Savile
[ad_1] Barristers representing the alleged victims of Mohamed Al Fayed have said the case “combines some of the most horrific elements of the cases involving Jimmy Savile, Jeffrey Epstein and Harvey Weinstein”. The late Harrods’ owner was described as a “monster” during a press conference held by the legal team featured in the BBC documentary…
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Norway may be the first nation to open its Arctic seabed to mining
[ad_1] Greenpeace on Friday warned Norway that its plans to open up its Arctic seabed to mining would cause “irreversible” damage to the entire marine ecosystem. The Scandinavian country is expected to award the first exploration licences in 2025, and could become one of the first nations in the world to mine the seabed despite…
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UK economic data delivers fresh blow to new govt
[ad_1] UK state debt is as big as the country’s economic output for the first time since the 1960s, data showed Friday, as the new government warns of tough fiscal decisions before its maiden budget. Public sector net debt “was provisionally estimated at 100 percent of gross domestic product at the end of August”, the…
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UK consumer confidence tumbles as households brace for ‘painful’ budget – business live
[ad_1] Introduction: UK consumer confidence ahead of ‘painful’ Budget Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Fears of a ‘painful budget’ next month have knocked morale among UK consumers – a bad sign for the economy. The latest poll of UK consumer confidence has fallen…
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Apple’s iPhone 16 has officially arrived in stores
[ad_1] The new AI iPhone is officially available in Apple stores, hitting shelves in almost 60 countries around the world on Friday morning. The iPhone 16 is the first phone to launch in Apple’s new era of artificial intelligence. A new Apple Watch Series 10, an improved Apple Watch Ultra 2, and new AirPods models…
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Italy set to regain its spot as world’s largest wine producer—overtaking France
[ad_1] Italy is due to regain its spot as the world’s largest wine producer in 2024 as France’s vineyards are hit by unfavourable weather, according to figures from each country’s agricultural authorities. After a disastrous 2023 harvest, Italy’s production will recover eight percent to between 41 million and 42 million hectolitres, the country’s main agricultural…
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Brazil drought punishes coffee farms and threatens to push prices even higher
[ad_1] CACONDE, Brazil (AP) — Silvio Almeida’s coffee plantation sits at an ideal altitude on a Brazilian hillside, whose clay-rich soil does well at retaining moisture from rainfall and a nearby reservoir. Lately, though, water is scarce on Almeida’s modest farm in Caconde, a town in one of Sao Paulo state’s key growing regions. He…
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Ukraine expects the war to see exponentially more ‘iron soldiers,’ or ground drones with guns that can fill troop roles
[ad_1] Ukrainian intelligence chief Kyrylo Budanov expects the war to enter a new phase — one that will see far more land-based drones replacing soldiers on the front lines. In an interview last weekend at the Yalta European Strategy conference in Kyiv, Budanov said the unmanned tech is new but progressing. “These are just emerging…
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Trump-backed governor candidate denies ‘black Nazi’ post
[ad_1] A Republican candidate for governor in North Carolina has insisted he will not exit the race amid a report that he made controversial comments on a porn website more than a decade ago. Mark Robinson characterised the CNN report, which alleged that he had referred to himself as a “black Nazi” on an adult…
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Beds sold at Amazon, Walmart recalled due to collapse hazard
[ad_1] Nearly 138,000 platform beds sold at major retailers including Amazon and Walmart are being recalled across the U.S. and Canada because they can collapse, posing fall and injury risks. Utah-based importer CVB Inc. is recalling the Lucid-branded platform beds with upholstered square tufted headboards. According to Thursday notices from the U.S. Consumer Product Safety Commission and Health…