News

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NASA developing fully electric plane, the X-57 “Maxwell”

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NASA is developing a fully electric plane, dubbed the X-57 “Maxwell”, which the space agency says could be on the runway within four years. Maxwell...
Brexit

UK economy 5 percent smaller by 2019 if it leaves the EU, IMF warns

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The UK economy would be 5 percent smaller by 2019 if it leaves the EU than if it stays, according to a report by...
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Apple ordered to suspend iPhone 6 sales in Beijing

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Apple has been ordered to suspend sales of the iPhone 6 and 6 Plus in Beijing after a recent ruling that the phones infringe...
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Tesco has sold Dobbies Garden Centres for £217 million

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Tesco sold Dobbies Garden Centres for £217 million to a group of investors led by Midlothian Capital Partners and Hattington Capital. The chain of garden...
UK retail sales

UK retail sales surged in May, boosted by spending on clothing

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Retail sales in the UK was better than expected last month, up 0.9% compared to April on increased spending on clothing. Analysts expected retail sales...
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National Grid should be broken up, say energy committee MPs

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UK energy committee MPs are calling for the National Grid, the firm which runs Britain’s electricity system, to be split due to a potential...
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Go-Ahead shares plunged after warning lacklustre profit margins

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Go-Ahead shares dropped after the transport group warned of lacklustre profit margins for its Govia Thameslink Railway (GTR) train operating company – the UK’s...
UK house prices

UK property prices rose 8.2% in the year to April, average house costs £209,054

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Property prices across the UK rose 8.2% in the year to April, with the average price rising to £209,054, up £16,000 from last year...
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Libya seeking $1.2bn in damages from Goldman Sachs over bad investments

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The Libyan Investment Authority is seeking $1.2bn (£840m) in damages from investment bank Goldman Sachs over allegations that the bank misled the government-managed sovereign...
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Microsoft acquiring LinkedIn for $26.2 billion ($196 per share) in cash

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Microsoft is acquiring LinkedIn for $26.2 billion ($196 per share) in cash – making it the tech giant’s biggest purchase ever. The business-oriented social network...