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US durable goods orders rose 2.6% in March, vs 1.6% increase expected

Tim Boyle | Bloomberg | Getty Images A shopper looks at washers and dryers in Glenview, Illinois. New orders for key U.S.-made capital goods unexpectedly fell in March, weighed down by the biggest drop in demand for machinery in nearly two years, and a decline in shipments suggested business spending on equipment slowed in the first quarter. But other data on Thursday showed the economy remains on a strong footing. The number of Americans filing unemployment benefits dropped to the…

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What makes Fortis Healthcare a coveted acquisition target for its suitors

Fortis Healthcare, which has been on the block for a while now, has attracted quite a bit of attention. At least five suitors – from competing hospitals, private equity funds, those in the fast-moving consumer goods (FMCG) business, and other health care sector players, are in the fray. What makes Fortis Healthcare draw so much interest? While the company’s board meets on Friday to continue its discussion on the best binding bid, the reason…

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Editor’s Notes: For your summer reading, avoid the Hayek-bashing lefties; MPs can’t resist a bit of theatre and Martin Lewis’ campaign wages on

Summer is on the horizon, and you’ll probably want some stimulating books to enjoy on sunny weekends or take with you on holiday. Two new publications caught my eye this week, and one is an antidote to the other. First up, the Labour MP Angela Eagle has written a riposte to the great Friedrich Hayek, called The New Serfdom. Hayek’s Road to Serfdom is a sweeping work of philosophy and economic analysis, in which he warns of the “tyranny that…

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Casino says BID is a winning hand for Bradford

A BRADFORD casino and restaurant is betting on a bright future for the city if plans for a Business Improvement District get the go-ahead later this year. Jane Dodd, general manager of Napoleon’s, in Bolton Road, says the proposed BID would bring businesses together to create a legacy for the future. The BID area has recently been extended to include the Bolton Road area with the backing of Napoleon’s and other local businesses. “Napoleons are proud to support the BID,…

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Global stocks lifted by solid quarterly earnings results

In Europe, Volkswagen (VW) shares climbed 2.56% even though its first-quarter operating profit fell as investors were encouraged by its new CEO, the car maker’s financial health, and lower provisions for the diesel emissions scandal. The pan-European FTSEurofirst 300 index rose 0.85% and MSCI’s gauge of stocks across the globe gained 0.62%. MSCI’s index was poised to snap a five-session losing streak, its longest since November. The euro dropped to session lows after ECB’s Draghi hailed “solid” eurozone growth but…

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Airbus cuts A330 output, first-quarter profit capped by engine delays

PARIS (Reuters) – Airbus bowed to weak demand for its A330 passenger jet on Friday, announcing a cut in production for 2019 after a series of bruising defeats to Boeing in contests for wide-body jets. An employee walks in front of an Airbus A380 at the final assembly line at Airbus headquarters in Blagnac near Toulouse, France, March 21, 2018. REUTERS/Regis Duvignau Europe’s largest aerospace group said it was reducing deliveries of the 250-300-seater to around 50 aircraft in 2019,…

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MARKETS LIVE: Sensex up 250 pts, Nifty nears 10,700 ahead of RIL results

Rupee outlook by Elara Capital With US 10 year yield hovering around 3%, and US Dollar Index at 91.56 level compared to calendar year low of 88.39, Rupee is likely to remain under pressure in the near term with a possibility of USDINR touching 68 if the US yields jump higher from the current levels and oil prices sustain. However, we continue to believe that the recent weakness in the Rupee is getting amplified by…

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The U.S.-China Policy Divergence Is—Again—Key to Markets

In late 2015, a lifetime ago in financial markets, investors were in a sticky situation—the central banks of the world’s two biggest economies were moving in opposite directions. Expectations of higher U.S. rates were sucking cash out of China, already struggling with a debt-deflation trap. Many feared the long-awaited China crisis had arrived. Instead, the Federal Reserve stood pat after just one rate rise —giving China a year’s reprieve to patch up leaky capital controls and stimulate nominal growth before…

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Will the TSB chief pay the price for its online banking meltdown? | Nils Pratley | Business

Let’s try to be generous to Paul Pester, TSB’s beleaguered chief executive. His handling of the fallout from the botched IT “upgrade” has been poor – some of his statements and tweets have been nonsensical, others have been factually wrong – but it is already clear that the primary blame for the fiasco itself lies in Spain, at the door of Banco Sabadell, TSB’s parent. When Pester said on Thursday that he would take personal control of the crisis, many…

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Treat social media like email and search engines

How much would I have to pay you to give up Facebook? What about email? Or access to search engines? I found myself asking these questions of myself during my recent trip to China, where several familiar services are blocked. But the answers to those questions have a lot to teach us, both about how the economy is doing and about how we might regulate these new digital services. A new research paper from three economists — Erik Brynjolfsson, Felix…

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‘We are at the beginning of a revolution in healthcare’

Image copyright Oxford Nanopore Image caption Oxford Nanopore’s portable DNA sequencer has been used around the world Fifteen years ago this month, the full human genome sequence was published for the first time, heralding a new era of medicine. Since then technology has markedly speeded up genomic sequencing and reduced the cost. But have those hoped-for medical breakthroughs materialised? “We have embarked on one of the most exciting chapters of the book of life,” said Prof Allan Bradley, director of…

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Russell Brand’s 71-year-old mother injured in a hit-and-run crash

Russell Brand’s 71-year-old mother has been injured in a hit-and-run accident while travelling in the star’s chauffeur-driven Audi A8.  The car was travelling near Brentwood, Essex when a Vauxhall Astra crossed onto the wrong side of the road and collided with the limo.  Barbara Brand, 71, was taken bleeding from the back of the car and put into an ambulance.  Brand’s chauffeur was also injured in the crash.  Russell Brand’s mother Barbara (pictured right, in Los Angeles) was injured in…

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Manchester legal boss welcomes rail improvements across the north

The executive partner of a Manchester-based law firm has welcomed rail improvement announcements by TransPennine Express (TPE). Paul Johnson, of Ward Hadaway, travels frequently between the firm’s offices in Newcastle, Leeds and Manchester believes the new measures could deliver real benefits for business travellers. The operator is adding additional services and enhancing connectivity as part of the Great North Rail Project (GNRP) and the changes will come into effect next month, from May 20, 2018. Journeys between Manchester Victoria and…

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