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Pound slides to four-month low after Brexit talks end

May 17, 2019

The pound has sunk to a four-month low against the dollar after cross-party Brexit talks between the Conservatives and Labour collapsed. By midday, the pound was 0.33% lower against the dollar at $1.2756 and on track for its worst week in a year. The pound is 1.85% lower this week, its steepest decline since February last year […]

Spain alarmed by French bear’s attacks on sheep

A female brown bear released in the French Pyrenees has killed eight sheep in Spain, prompting emergency talks between the two countries. Claverina is now roaming through the mountains of Navarre, having crossed from Béarn in south-western France. Spanish environmental officials are meeting French counterparts. Some sheep are now wearing tracking devices and there are […]

Microsoft and Sony strike games streaming deal

Microsoft and Sony have formed a partnership on video games streaming, despite being fierce competitors. It is expected Sony will use Microsoft’s Azure cloud service to host its upcoming PlayStation streaming service. Microsoft has been trialling a streaming offer of its own, under its Xbox brand. The firms said they would also work together on […]

The pistachios that need police protection

The red outer layer of pistacchio verde di Bronte covers a bright green interior Police captain Nicolo Morandi says that he and his colleagues are already preparing for September. At least six officers are going to patrol in the daytime, and up to 12 at night. And if need be, they will launch the police […]

Five seater self-flying air taxi unveiled

A German start-up has unveiled what it says is the world’s first five seater self-flying taxi. Lilium said the prototype had its first test flight earlier this month, in which it took off, hovered, then landed again. It said the craft, which is electric powered, is capable of travelling up to 300km in just 60 […]

British Steel in talks with government to avert collapse

Talks to avert the collapse of British Steel will resume later on Friday after the firm secured funds to stay afloat until the end of May. Sources close to owners Greybull Capital say its future will be discussed at “ministerial level”. British Steel has admitted it needs further financial support from the government to help […]

Thomas Cook shares ‘worthless’, says Citigroup

Shares in Thomas Cook have plunged 30% after analysts at a bank said the travel firm’s shares were “worthless”. Thomas Cook’s tour operations and airline are worth £738m, but its debt is around the same “and implies zero equity value”, according to Citigroup. Citigroup’s damning conclusion comes a day after Thomas Cook issued its third profit […]

Amazon invests in Deliveroo food courier

Online giant Amazon has announced a big investment in food courier Deliveroo. The exact figure was not given, but Amazon is the biggest investor in Deliveroo’s latest round of fund raising, which in total raised $575m (£450m). Deliveroo said it would use the money for international expansion, improving its service and to grow its delivery-only kitchens […]

Boots customers ‘baffled’ by plastic prescription bags

“Livid” and “baffled” customers have been complaining to Boots after receiving their prescriptions in plastic bags rather than paper ones. One was so incensed she took her bag back to the store with “shame on you!” and “paper, not plastic!” written in capitals in black marker pen. Boots said it was using plastic bags because […]

HMS Queen Elizabeth captain removed from post ‘over car misuse’

The captain of the Royal Navy’s warship, HMS Queen Elizabeth, has been removed from his command following reports that he misused an MoD car. The Royal Navy confirmed Cdre Nick Cooke-Priest had been reassigned to a new role, without giving a reason. But navy sources told the BBC that his removal was over his use […]

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