01 July

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Britain’s AO World signals strong start to year after profit triples By Reuters

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(Reuters) - Online electricals retailer AO World signalled a robust start to the new financial year on Thursday, after reporting an annual profit that nearly tripled on strong demand for home appliances and office products due to the COVID-19 pandemic. Shares of the AO World, which sells which sells laptops, washing machines, mobile phones and printers, had more than quadrupled in value in 2020 as the company benefited from Britons working from home during the global health crisis. Investor focus is now on its expansion plans and how the company is gearing up for the new...

01 July

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‘Sad, lonely feeling’: Tokyo man evicted twice, 50 years apart, for Olympic construction By Reuters

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By Elaine Lies TOKYO (Reuters) - When Kohei Jinno was evicted from his family home to clear the way for the construction of the National Stadium for the 1964 Tokyo Olympics, he was sad but proud to contribute to Japan in a moment of national triumph. But when he was evicted again in 2013, at age 80, so the government could rebuild the stadium for the 2020 Games, it felt like a bitter twist of fate made worse by what he saw as official indifference. It also forced him and his wife, Yasuko, out of...

01 July

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Trump’s company braces for expected unveiling of criminal tax charges on Thursday By Reuters

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By Karen Freifeld and Jonathan Stempel NEW YORK (Reuters) - Prosecutors in Manhattan are expected to unveil criminal charges against former U.S. President Donald Trump's namesake company and its chief financial officer on Thursday, a person familiar with the matter said on Wednesday. The charges, which were filed on Wednesday but remained sealed, are the first to arise from a nearly three-year probe by New York prosecutors of Trump and his business dealings. Trump himself is not expected to be charged this week, his lawyer has told Reuters, though he said prosecutors had told him their...

01 July

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Primark sales ahead of company expectations in latest quarter By Reuters

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LONDON (Reuters) - Associated British Foods (LON:ABF) said on Thursday third-quarter sales at its Primark fashion stores which reopened after COVID-19 lockdowns were ahead of expectations in all markets. It said Primark revenues reached 1.6 billion pounds ($2.21 billion) in the third quarter with the reopening of all stores and the opening of seven new stores, up from 0.6 billion pounds in the same period last year. Primark’s like-for-like sales were 3% up on a two-year basis in the quarter. ($1 = 0.7243 pounds) ...

01 July

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BT offers long-term price deal to lure wholesale fibre customers By Reuters

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LONDON (Reuters) - BT said its Openreach arm would offer long-term price certainty to its wholesale communications provider customers to help drive the adoption of the full fibre broadband network (FFBN) it is building across the country. Openreach will give communications providers pricing certainty for up to 10 years where they commit to use FFBN when available, under a deal which BT said would offer competitive prices to users plus a fair return to Openreach. "We're determined to make full fibre the default option forcustomers throughout the UK, so we've been working closely...

01 July

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UK’s Micro Focus reports smaller H1 loss on cost cuts By Reuters

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(Reuters) - British software company Micro Focus International (LON:MCRO) reported a smaller loss for the first half on Thursday as it slashed costs, and said it had set aside $70 million to resolve a patent infringement dispute with U.S. firm Wapp. The company, which helps customers maintain and integrate legacy IT technology, reported a statutory operating loss from continuing operations of $154.8 million, compared with a loss of $906.7 million a year earlier. ($1 = $1.0000) ...

01 July

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Micron Gains On BMO Upgrade Citing Demand-Supply Mismatch By Investing.com

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By Dhirendra Tripathi Investing.com – Micron Technology (NASDAQ:MU) rose nearly 2% during Wednesday’s trading as BMO upgraded the stock to outperform on the expectation that the current situation of demand exceeding supply could last longer and will benefit the memory chipmaker. The company will announce its third quarter earnings today. Analyst Ambrish Srivastava sees the stock at $110, an upside potential of around 29.5% from the stock’s current level of $84.50. The analyst sees potential for “a continued constrained supply environment into 2022 driven by a combination of supply dynamics, capex discipline and demand drivers”. The...

01 July

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Twitter’s website not working for some users – Downdetector By Reuters

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(Reuters) - Twitter was down late on Wednesday for multiple users, with most of them reporting issues with the social media platform's website, according to outage monitoring website Downdetector. Twitter said it was working to fix the issue. More than 6,000 user reports indicated issues with Twitter as of 0140 GMT, about 93% of those being related to its website, according to Downdetector. That number came down to more than 2,600 user reports within an hour. "Profiles' tweets may not be loading for some of you on web and we're currently working on a...

01 July

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China’s Xi pledges ‘reunification’ with Taiwan on party’s birthday By Reuters

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BEIJING (Reuters) - Chinese President Xi Jinping pledged on Thursday to complete "reunification" with self-ruled Taiwan and vowed to "smash" any attempts at formal independence for the island, taking a tough line on the 100th birthday of the ruling Communist Party. China considers democratically-ruled Taiwan its own territory, and under Xi has stepped up efforts to assert its sovereignty claims, including regularly sending fighter jets and bombers close to the island. "Solving the Taiwan question and realising the complete reunification of the motherland are the unswerving historical tasks of the Chinese Communist Party and the common...

01 July

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This Lithium Recycler Sees Big Growth From EV Demand, Biden Support By Investing.com

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By Christiana Sciaudone Investing.com -- It's early days, but with electric vehicle production and demand set to boom, we're going to need a lot of lithium. And recycling it has become a U.S. priority. That's good news for lithium-ion battery recycler Li-Cycle, which is going public by merging with a special purpose acquisition company in the coming weeks. While the recycling pickings are relatively light for now -- including scrap manufacturing and cell phone batteries -- Li-Cycle is preparing to become a leader in the space, distinguishing itself by employing environmentally-friendly processes that generate no waste...

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Britain’s AO World signals strong start to year after profit triples By Reuters

‘Sad, lonely feeling’: Tokyo man evicted twice, 50 years apart, for Olympic construction By Reuters

Trump’s company braces for expected unveiling of criminal tax charges on Thursday By Reuters

Primark sales ahead of company expectations in latest quarter By Reuters

BT offers long-term price deal to lure wholesale fibre customers By Reuters

UK’s Micro Focus reports smaller H1 loss on cost cuts By Reuters

Micron Gains On BMO Upgrade Citing Demand-Supply Mismatch By Investing.com

Twitter’s website not working for some users – Downdetector By Reuters

China’s Xi pledges ‘reunification’ with Taiwan on party’s birthday By Reuters

This Lithium Recycler Sees Big Growth From EV Demand, Biden Support By Investing.com

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