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Dollar continues slide vs yen as stocks decline

The dollar slumped against the yen again on Thursday in the wake of minutes from the last U.S. Federal Reserve meeting and expectations the Bank of Japan was unlikely to intervene, while global growth concerns weighed on equities. Investors were set to monitor an appearance by Janet Yellen at 5:30 p.m. EDT (2130 GMT) in a conversation with former Federal Read More


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Ex-Barclays trader alleged top bosses knew of Libor requests, London court hears

A former trader at Barclays, one of five on trial on charges of conspiracy to manipulate financial benchmark interest rates, alleged that top bosses at the bank approved and condoned the practice, a London court heard on Thursday. Britain’s Serious Fraud Office (SFO), the agency in charge of prosecuting complex financial crime, has charged Barclays’ former rate submitter Jonathan Mathew, Read More


Fruit may be good for you, but don’t ditch the statins

“Daily fresh fruit lowers heart death risk as much as statins,” The Daily Telegraph reports. A study of over a half a million Chinese people found that a diet rich in fresh fruit was linked to a reduced risk of cardiovascular diseases. But don’t ditch the statins in favour of an “apple a day”, if they have been recommended for Read More


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Academies plan turns schools into businesses, says union chief

ATL leader Mary Bousted tells conference forced academisation will not boost educational standards Mary Bousted said academisation was an attempt to dismantle national pay scales. Photograph: PR Nicky Morgan’s plans to force all schools in England to become academies is an attempt to turn education into a business and destroy the public service ethos of teachers, according to the head Read More


Metal Foam Stops Speeding Bullet

Metal foam tough enough to turn an armour-piercing bullet into dust could be used to create the next generation of body and vehicle protection. A team at North Carolina State University discovered that an inch-thick layer of composite metal foams (CMFs) can stop a bullet. The indentation on the back of the foam is just 8mm – significantly less than Read More


David Cameron admits he profited from father’s offshore fund

David Cameron has finally admitted he benefited from a Panama-based offshore trust set up by his late father. Analysis What David Cameron did and didn’t say about his father’s offshore trust The prime minister chose his response to reporter’s question about Blairmore Holdings very carefully – and he will probably get away with it Read more After three days of Read More


GDP growth to remain flat at 7.4% in FY17: HSBC

India is likely to clock GDP growth of 7.4 per cent in the current fiscal and consumption is likely to be the main driver of growth in the foreseeable future, says an HSBC report. According to the global financial services firm, investment cycle revival is not expected to happen quickly or easily and the country is likely to see a Read More


Korea sees 14% rise in foreign students

The increase will come as good news to the Ministry of Education which last year revamped its campaign to attract international students after enrolments fell in three of the past five years. According to the Ministry of Justice statistics, the number of foreign students studying in Korea reached 105,193. The majority of students, 76,949, were studying on a D-2 (higher Read More


Embryos with defective cells ‘can still develop healthily’

“Abnormal cells not a sure sign of baby defects,” reports The Telegraph following the publication of a study on the development of healthy embryos. Embryos containing cells with an abnormal number of chromosomes can still develop into healthy babies, according to researchers from the University of Cambridge. Embryo cells with too many or too few chromosomes can give rise to Read More


EU referendum: Migrant job data to be published

Specific information about the number of EU migrants paying tax and claiming benefits in the UK will be published in the run-up to June’s EU referendum. The move to release data on the number of National Insurance numbers actively used by EU citizens follows pressure from Eurosceptic MPs and economists. They have long argued official figures on inward migration from Read More