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The UK economy marginally contracted in May as an extra bank holiday pushed activity down, but the decline was less steep than economists had expected. UK gross domestic product fell 0.1 per cent between April and May, following an expansion in the previous month, data published by the Office for National Statistics showed on Thursday.
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Nato leaders are set to declare they are prepared for Ukraine to ultimately join the military alliance, in a carefully hedged statement that drew immediate condemnation from Kyiv for its lack of a firm timeframe. A draft of a summit communique under discussion on Tuesday pledges to “extend an invitation” to Ukraine to join the
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Six more women have alleged that financier Crispin Odey sexually assaulted or harassed them, expanding the timeline of his abuse across five decades and raising further questions as to the extent his behaviour was tolerated by senior colleagues. The women came forward after the Financial Times last month published the accounts of 13 women who
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Meta unveiled its long-awaited competitor to Twitter on Wednesday, which chief executive Mark Zuckerberg pitched as a “friendly” alternative to the struggling social media platform, in a move intended to draw users and revenues from Elon Musk’s company. The app, called Threads, is a “text-based conversation app” where users are able to publish posts up
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The Financial Conduct Authority has publicly confirmed its investigation into Crispin Odey and Odey Asset Management for the first time and defended its “intensive” oversight of the hedge fund group. In a letter to the Treasury select committee published on Wednesday, FCA chief executive Nikhil Rathi said that while there was a limit to how
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The head of the Wagner private military group has denied trying to overthrow the Russian government but redoubled his criticism of the country’s defence establishment in his first public comments since Saturday’s abortive march on Moscow. In an 11-minute voice recording posted on Telegram on Monday, Yevgeny Prigozhin said his goal had been to protest
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