Mum-of-two started bag firm in her kitchen – and it’s now worth £50 million

When mum Julie Deane established the Cambridge Satchel Company a decade ago she saw it as a way of putting her children through private school. But within five years the business was worth £50million – although by her own admission it has not all been ‘plain-sailing’. The company, which was started by Julie and her mother Freda Thomas, has now […]

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Australian shares tumble to two-year low over US-China trade fears

The Australian share market has slumped to a two-year low, weighed down by the major banks as hopes for a trade resolution between the US and China continue to dissipate. The benchmark S&P/ASX200 index was down 129 points, or 2.27%, at 5552.5 on Monday, while the broader All Ordinaries fell 2.26%. The positive sentiment from the temporary truce struck at […]

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U.K.-based Mutual Funds Network Calastone To Utilize Blockchain

U.K.-based mutual funds Calastone is set to migrate its entire system to a blockchain-based network in May 2019 through its new Distributed Market Infrastructure (DMI). It will perhaps be the world’s first blockchain-powered global funds marketplace. Calastone’s global fund transaction network comprises a network of more than 1,700 financial organizations, across 40 global markets. The network of global financial organizations […]

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Stocks extend decline as trade woes batter sentiment

TOKYO (Reuters) – Stocks extended their slump in early Asian trade on Monday, with U.S. equity futures off to a softer start for the week as worries over U.S.-China trade tensions battered investor sentiment. S&P futures ESc1 were down 0.6 percent and the Dow futures YMc1 lost 0.7 percent, while Australian stocks declined 0.9 percent. White House trade adviser Peter […]

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The bear market is here, and stocks will plunge at least 20 percent, Ned Davis Research warns

The wild trading that’s gripped Wall Street may be no ordinary correction. According to Ned Davis Research’s Ed Clissold, a bear market is officially here. “If you take this as a typical bear market, not associated with a recession, it’s going to take you down around 20 percent — maybe a little bit more,” the firm’s chief U.S. market strategist […]

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BP faces shareholder challenge over carbon targets

BP, Chevron and ExxonMobil face a shareholder challenge to set carbon targets in line with the Paris climate agreement, as a green group seeks to repeat its success in pressuring Shell to set environmental benchmarks. When Shell’s chief executive, Ben van Beurden, laid out an ambitious long-term carbon target last year, he acknowledged the role played by a resolution on […]

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Heisman Trophy Winner Kyler Murray Made Homophobic Tweets As Teenager

Add Heisman Trophy winner Kyler Murray to the list of those with homophobic tweets requiring an apology. Hours after winning the Heisman, given annually to college football’s top player, the 21-year-old Oklahoma quarterback was apologizing for tweets he made when he was 14-years-old. They were discovered in an online search, becoming standard practice for anyone in the news. As a […]

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Nation’s first charter school strike ends, but could portend more battles on choice

CHICAGO – Teachers and administrators agreed Sunday to suspend the nation’s first-ever charter school strike, ending a four-day work stoppage at one of the largest charter networks in Chicago. But the fight could portend more to come in the labor movement’s long-running battle with the alternative schools. The strike against the Acero charter school network affected only about 7,500 of Chicago’s 371,000 public school students. […]

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Interserve in rescue talks as Labour calls for ban on new contracts

The embattled outsourcing firm Interserve – which has thousands of government contracts to clean hospitals and serve school meals – is in rescue talks with its bankers as it attempts to convince Whitehall and the City it is not the next Carillion. The heavily indebted group, which employs 75,000 staff worldwide, said on Sunday night that the talks with lenders […]

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One of their own stole $140,000, now volunteer fire department tries to recover

DURBIN, Ind. – For eight months, a group of about 20 volunteer firefighters in rural Indiana have been digging deep to keep their musty firehouse open. They have spent their own savings to buy toilet paper and cleaning supplies and pay bills. They gave up their allowance earmarked for new boots, helmets and gloves to instead pay a delinquent tax bill. Their integrity and competence […]

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