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Toys R Us files for bankruptcy in the US and Canada

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Toys R Us has filed for bankruptcy protection in the US and Canada after running up $5bn (£3.7bn) of debts and struggling to compete in the age of internet shopping.The world’s largest toy store chain said it had filed for Chapter 11 to restructure its debts ...

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Robots 'could take 4m UK private sector jobs within 10 years'

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Four million jobs in the British private sector could be replaced by robots in the next decade, according to business leaders asked about the future of automation and artificial intelligence.The potential impact amounts to 15% of the current workforce in the sector and emerged in a ...

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Aldi and Lidl increase share of British shoppers as inflation hits spending

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Aldi and Lidl account for £1 in every £8 spent in UK supermarkets, with two-thirds of British shoppers visiting the discounters over the past three months.The German chains are outpacing their bigger rivals as inflation and stagnating wages eat into families’ spare cash, prompting many to ...

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KPMG cleared in HBOS audit investigation

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KPMG has been cleared of any wrongdoing over its auditing of HBOS, which was rescued by Lloyds during the height of the 2008 crisis, after accounting regulators concluded the accountancy firm could not have foreseen the bank’s problems.The accountancy regulator, the Financial Reporting Council (FRC), announced ...

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Watch out for Netflix email scam that looks like the real deal

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Your readers should be aware of a convincing scam Netflix email that almost caught me out. An email from supportnetflix@checkinformation.com arrived, warning that my Netflix account was on hold because of a problem with my last payment. A link in the email takes users to a ...

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What's your experience of being in debt?

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Britain’s borrowing is worsening as new data shows there are now more than 8.3 million people in the UK with problem debts.The debt charity StepChange said the percentage of its clients falling behind on payments went over 40% in the first half of 2017, while the ...

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Why central banks are not hitting their 2% inflation target

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Since the summer of 2016, the global economy has been in a period of moderate expansion, with the growth rate accelerating gradually. What has not picked up, at least in the advanced economies, is inflation. The question is why.In the United States, Europe, Japan, and other ...

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