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Pound hits one-year low amid ‘Brexit’

Bloomberg The pound stayed close to a more than one-year low against the dollar after data showing accelerating economic growth were offset by concerns about a no-deal Brexit. Sterling was set for its fifth week of declines — its longest losing streak since January 2015 — amid continued fears that the divorce negotiations between the UK and the European Union ...

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Microsoft threatens to pull Gab services

Bloomberg Microsoft Corp. threatened to suspend web-hosting services it provides to Gab.ai after getting a complaint about anti-Semitic posts on the social-media site, a new twist in the technology industry’s controversial crackdown on hate speech. Microsoft’s Azure cloud-computing division said it would take action in two business days if Gab didn’t remove two posts that prompted the complaint about “malicious ...

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Inflation coming to your theatre as US firms flex pricing power

Bloomberg From the big screen to the snack aisle, American companies plan to hike prices as their input costs creep higher. It’s a sign that businesses have faith consumers will keep shopping even as products become more expensive. And that belief in pricing power, showcased on earnings calls and presentations during the week of August 6-10, could signal a turning ...

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