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The Guardian announces 30% staff cut at U.S. operation

The Guardian is about to make major cuts to its U.S. operation, reducing staff by 30%, leaders announced in a meeting. Around 50 jobs will be cut out across different departments. The cuts will be a combination of buyouts and layoffs. In 2011 it opened in US branch which later in 2014 received Pulitzer for breaking Edward Snowden’s leaks about ...

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Zimbabwe will print its own version of the U.S. dollar

After the hyperinflation caused in 2009, Zimbabwe lost the vale for its own currency and since then it has been using foreign currency to carry on day to day traditions, mainly US dollar.  People had to buy everything from abroad right from bottle of water which lead to constant flow of money out of the country. Country’s Central banks recently ...

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Speculation mounts that F1 is poised for a US takeover

Speculation is mounting that Formula One is about to be revamped by a US takeover that could bring new life and a higher profile for a sport that is struggling to attract new fans. Media reports suggest that F1’s largest and controlling shareholder, the hedge fund CVC Capital Partners, is preparing to sell the business to US media conglomerate Liberty ...

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Indian output of pulses to hit record high

India’s production of summer-sown pulses is likely to surge to a record high this year, dragging down prices of the protein-rich food grains after last year’s sharp rally that prompted farmers to increase area under cultivation, industry officials said. Higher output by the world’s top consumer and importer of pulses could help Asia’s No.3 economy rein in its headline inflation ...

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Bayer offers $65bn to win control of Monsanto

Germany’s Bayer has raised its offer for Monsanto for $127.50 a share, in a bid to create a global seeds and pesticides giant. Bayer said it was in advanced talks with Monsanto, but warned there was no guarantee a deal would result. Its initial offer of $122 a share in May was rejected by the US firm for being “financially ...

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Russia is the most unequal major country in the world

Russia is the most unequal major economy in the world, with almost two-thirds of its wealth controlled by millionaires, a wealth research company has said. Sixty-two % of Russia’s wealth is held by U.S. dollar-millionaires and 26 % of its wealth is held by billionaires, New World Wealth said in a report on Wednesday. Russia’s economy is climbing out of ...

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Sony is selling a $3,680 gold-plated Walkman

Sony has unveiled a 3,300 Euro gold-plated Walkman music player as the Japanese electronics giant focuses on higher end products in its audio division. The latest player to use the iconic Walkman brand, which dates back to 1979, comes in two models – the WM1Z and WM1A. The WM1Z is the 3,300 Euro model while the WM1A comes in at ...

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SpaceX rocket explodes at Cape Canaveral ahead of launch

A rocket operated by the aerospace company SpaceX has exploded on the launch pad at Cape Canaveral where it was being test-fired ahead of a launch. The force of the blast shook buildings several miles away. SpaceX said “an anomaly” had occurred while the rocket was being loaded with fuel. No-one was injured, it said. The rocket’s payload, an Israeli-built ...

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Nasa Eagleworks’ paper has finally passed peer review, says scientist in the know

An independent scientist has confirmed that the paper by scientists at the NASA Eagleworks Laboratories on achieving thrust using highly controversial space propulsion technology EmDrive has passed peer review, and will soon be published by the American Institute of Aeronautics and Astronautics (AIAA). Dr José Rodal posted on the NASA Spaceflight forum in a now-deleted comment that the new paper ...

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Samsung shares dip amid reports of exploding batteries

Samsung on Thursday touched two-week lows after it delayed shipments of its premium Galaxy Note 7 smartphone amid reports of exploding batteries. The firm announced the delays for quality control testing late on Wednesday and also said Galaxy Note 7 shipments to South Korea’s top three mobile carriers had been halted, rattling investor hopes for strong second-half mobile earnings. Quality ...

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