UNITED KINGDOM

Markets Bob Up, Down on Slow News Day: Daily Markets Wrap

The Wall Street sign is seen in front of the New York Stock Exchange
Markets bobbed up and down Wednesday on conflicting data as to what the U.S. economic picture will look like in the near term. Investors spent the day dealing with conflicting sentiments: a less-than-enthusiastic housing report on the one hand, a view that the U.S. economy is generally getting better on the other.
United Kingdom

UK Cuts Income Tax Amid Austerity Effort

British finance minister George Osborne cut the top rate of income tax while imposing new levies on the wealthy, in a political high wire act designed to rejig the burden of austerity without wavering on plans to erase a huge budget deficit.
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A man and two passengers ride on a scooter past a shop displaying the Vodafone logo on its shutter in Jammu

Vodafone Gets $500M Tax Refund From Indian Govt

The Supreme Court in India reaffirmed on Monday its ruling rejecting a $2.2 billion tax claim by the Indian government against Vodafone Group Plc., and the Indian government return a 25 billion rupees, $500 million, tax deposit to the company Monday.
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U.K. Government Sees Economy Picking Up

The British economy looks set to avoid a renewed recession and the recovery will pick up speed next year, finance minister George Osborne said in his budget statement on Wednesday.
Judith Tebbutt was captured from Kenyan holiday resort on 11 September

Judith Tebbutt: UK Hostage Kidnapped in Kenya Freed

Somali pirates freed the U.K. woman they held hostage for more than six months on Wednesday. Somali gunmen had killed British publishing executive David Tebbutt and abducted his wife Judith Tebbutt in a raid at a luxury beach resort in neighboring Kenya last September.
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QVC Starts Joint Venture In China

The world's largest television and online retailer QVC Inc. is starting a joint venture with China's national radio broadcaster to enter the world's most populous growing consumer and media market.
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Angry Birds in U.S. retail, UK parks push

Angry Birds maker Rovio is teaming up with a major U.S. retail chain to sell its merchandise, and plans to open themed activity parks in Britain, as it continues to expand beyond mobile games to establish a Disney-style brand, it said on Tuesday.
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Angry Birds in US retail, UK parks push

Angry Birds maker Rovio is teaming up with a major U.S. retail chain to sell its merchandise, and plans to open themed activity parks in Britain, as it continues to expand beyond mobile games to establish a Disney-style brand, it said on Tuesday.

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