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Apple to raise UK app store prices to counter weakened pound

  Bloomberg Apple Inc. is raising App Store prices in the UK as much as 25 percent, bending to the pound’s drop in value following the country’s vote to leave the European Union. Apps that cost 79 pence ($1.20) will increase to 99 pence, according to a notification sent to app developers today, seen by Bloomberg. Apps that costs $2.99 ...

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UK employment steady, wages pick up

  Bloomberg The UK economy lost fewer jobs than expected and wage growth picked up towards the end of 2016, suggesting the labor market remains relatively resilient. The number of people in work fell by 9,000 to 31.8 million in the three months through November, whereas economists had predicted a 35,000 decline. The jobless rate stayed at 4.8 percent, the ...

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Iceland economy ponders testing currency markets

  Bloomberg Iceland, the world’s tiniest developed economy, is now pondering whether it has the might to take on the currency markets. The center-right coalition that took office this month wants an overhaul of Iceland’s monetary policy framework, which could lead to fixing the currency or letting it trade within a band, Finance Minister Benedikt Johannesson, 61, said. The review ...

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