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Malaysia Airlines shares closed down 11 percent in Malaysia following the crash of flight MH17 in Ukraine

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Malaysia Airlines shares closed down 11% in Malaysia following the crash of flight MH17 in Ukraine on route from Amsterdam to Kuala Lumpur. Some Asian...

Microsoft’s Xbox Entertainment Studio will close by the end of the year

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Microsoft’s Xbox Entertainment Studio will close by the end of the year, Xbox chief Phil Spencer told employees in an email. Microsoft's plan to compete...

Google’s revenue rose to $16 billion and profits were up 6 percent to $3.4 billion in Q2 2014

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Google has reported a 22% jump in revenue in Q2 2014 compared to a year earlier. Revenue rose to $16 billion and profits were up...

Bolivia has passed a law allowing children to work from the age of 10

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Bolivia has passed a law allowing children to work from the age of 10 as long as they also attend school and are self-employed. The...

The Australian Senate has voted to repeal the carbon tax

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The Australian Senate has voted to repeal the carbon tax, a levy on the biggest polluters passed by the previous Labor government. PM Tony Abbott,...

Real Madrid has topped Forbes’ 2014 annual list of World's 50 Most Valuable Sports Teams

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Real Madrid has topped Forbes’ 2014 annual list of World's 50 Most Valuable Sports Teams. The Spanish soccer club, which won the Champions League in...

Bank of America has reported a 43 percent drop in its quarterly profits after a fall in mortgage revenue and a rise in legal costs

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Bank of America has reported a 43% drop in its quarterly profits after a fall in mortgage revenue and a rise in legal costs. The...

Time Warner has rejected an initial takeover approach from rival 21st Century Fox estimated at $80 billion

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Time Warner has rejected an initial takeover approach from rival 21st Century Fox estimated at $80 billion. The takeover approach by the Rupert Murdoch owned...

JPMorgan Chase and Goldman Sachs have seen mixed results from their investment businesses

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JPMorgan Chase and Goldman Sachs have seen mixed results from their investment businesses. JPMorgan reported an 8% fall in Q2 2014 profits after declines in...

The BRICS countries have signed a deal to create a new $100 billion development bank and emergency reserve fund

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The BRICS countries have signed a deal to create a new $100 billion development bank and emergency reserve fund. Brazil, Russia, India, China and South...

The WTO said the US improperly imposed tariffs on Chinese steel and solar panels

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The United States violated global trade rules when it imposed tariffs on products from China and India, the World Trade Organization (WTO) has found. In...

Citigroup has agreed to pay $7 billion to US authorities to settle an investigation into risky sub-prime mortgages

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Citigroup has agreed to pay $7 billion to US authorities to settle an investigation into risky sub-prime mortgages. Citigroup will pay $4 billion to the...

Sotheby's and eBay will create a web platform to allow viewers to bid on and buy art

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Sotheby's and eBay will create a web platform to allow viewers to bid on and buy art. According to Sotheby's chief operating officer Bruno Vinciguerra,...

Swiss chocolate company Lindt & Sprungli has agreed a deal to buy American rival Russell Stover

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Swiss chocolate company Lindt & Sprungli has agreed a deal to buy American rival Russell Stover. Lindt said the takeover would help it to expand...

A Samsung Electronics investigation has found evidence of suspected child labor at a factory of its Chinese supplier Dongguan Shinyang Electronics

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A Samsung Electronics investigation has found "evidence of suspected child labor" at a factory of its Chinese supplier Dongguan Shinyang Electronics. The South Korean giant...

Peter Humphrey has been charged with illegally obtaining private information in GSK China bribery case

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British national Peter Humphrey and his wife Yu Ying Zeng, an American national, have been charged with illegally obtaining private information in GSK China...

Shares in CYNK jumped from 6 cents in early June to $13.90 on July 10, despite uncertainty about its business and revenue structure

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Trading in CYNK Technology has been suspended by the US Securities and Exchanges Commission (SEC) after shares in the little-known social networking company surged...

Banco Espirito Santo has said it has sufficient finances to deal with its parent company's debt problems

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In a bid to ease investor’s concerns, Portugal's central bank has stated that Banco Espirito Santo does not need extra funds. Banco Espirito Santo (BES),...

Chinese businessman Su Bin has been charged by US authorities with hacking into the computer systems of Boeing and other US companies

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Chinese businessman Su Bin has been charged by US authorities with hacking into the computer systems of Boeing and other companies with large defense...

Burberry investors have voted against the company boss's pay package

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Burberry investors have voted against the company boss's pay package at the annual general meeting in London. 52% of shareholders voted not to support Christopher...

Barack Obama was interrupted by two people while delivering a speech on the economy at the Paramount Theater in Austin

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President Barack Obama was interrupted by two people while delivering a speech on the economy on Thursday at the Paramount Theater in Austin, Texas. The...

Ashraf Ghani came out ahead in preliminary results from the second round of Afghanistan’s presidential election

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Afghan presidential candidate Ashraf Ghani has called for an "extensive audit" of votes. Ashraf Ghani made the appeal before meeting US Secretary of State John...

Amazon has been sued by the FTC for allowing millions of dollars of unauthorized purchases by children in its mobile app store

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Amazon has been sued by the Federal Trade Commission (FTC) for allowing millions of dollars of unauthorized purchases by children in its mobile app...

US and European stock markets have fallen over concerns about the health of Portugal's Banco Espirito Santo

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US and European stock markets have fallen over concerns about the health of one of Portugal's biggest banks. Shares in Banco Espirito Santo were suspended...

China's trade surplus narrowed to $32 billion in June 2014 after export growth slowed and imports increased

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China's trade surplus narrowed to $32 billion in June 2014 after export growth slowed and imports increased, showing the economy is still stabilizing after...

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