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UK public finances strongest in January since 2009

Britain's Finance Minister Osborne
Britain showed a bigger than expected seasonal surplus on its January public sector net borrowing measure, after unusually strong annual growth in income tax receipts, official data showed on Tuesday.

'Global Hurrican Katrina' to cost $2 trln in damage, warn scientists

'Global Hurrican Katrina' to cost $2 trln in damage, warn scientists
A powerful solar flare has triggered the largest space weather storm in four years, could be equivalent to a global hurricane Katrina that would cost up to $2 trillion dollars in damage to communications satellites, electric power grids and GPS navigation systems, scientists said yesterday
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Egypt asks for freeze on Mubarak assets

Egypt's public prosecutor on Monday moved to freeze the foreign assets of Hosni Mubarak, the first sign that the deposed president would be held to account by the rulers to whom he handed power 10 days ago.
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Libya protest: Countries issue travel warnings

Libya protest: Countries issue travel warnings

Governments including those of the U.S., Sweden, UK, Taiwan and India have issued travel advisories against all non-essential travel to conflict-ridden Libya, where a large number of casualties have already been reported.
Bahrain

Bahrain protesters occupy square as Libyans bury dead

Protesters in Bahrain appeared to gain the initiative on Saturday and mourners buried their dead in western Libya as the wave of protest washing across the Arab world tested more of the region's longtime rulers.
The body of a protester is taken for burial as his family members and supporters follow in Sitra

Britain suspends arms exports to Bahrain, Libya

In response to the escalating violence in Bahrain and reports of the local security forces shooting protestors, the British Foreign Office has revoked 44 licenses for the export of arms to the embattled Persian Gulf kingdom.
 Britain's Prime Minister David Cameron (C) walks around a branch of Sainsbury's supermarket during a visit, in east London February 17, 2011.

UK retail sales rise sharply

Retail sales in the United Kingdom grew 1.9 percent in January compared with December and 5.3 per cent on an annual basis, according to data released by the Office for National Statistics (ONS) on Friday.

Harvard scholar weighs in on Middle East turmoil

Dr. Paul Beran, the Outreach Director at the Center for Middle Eastern Studies at Harvard University is a researcher, writer and teacher on civil society in the Middle East. International Business Times spoke with Beran to discuss the current unrest in the region.
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Fools, Knaves & Inflation

You can't really blame financial hacks for getting things so wrong, so often. Because every financial decision you now make is a speculation on interest rates. And so pretty much every story a financial journalist might choose to write must start and end with the same speculation, built on the inaction of each monthly central-bank vote.
Britain's Prime Minister David Cameron

Cameron seeks to end sick-note culture

Britain is to examine why so many people end up on long-term sick leave, fuelling a 192 billion pound annual bill for welfare, Prime Minister David Cameron announced on Thursday. The government is already preparing to reassess the circumstances of 1.5 million people off work on long-term incapacity benefits to see if they are fit enough to return to employment.
An welder works on a section of a Pelamis wave energy converter at their factory in Edinburgh, Scotland.

Exports boost UK factory orders

The UK factory orders rose in February as demand for exports from the country continued to improve. Manufacturers’ total order book balance in Britain rose to -8 in February from -16 in January, the Confederation of British Industry (CBI) survey showed on Thursday.

How Internet censorship works in China

The 'Provisions on News Information Services', which was issued in 2005, states that the purpose of news websites is not to inform the public of the facts, but instead to “serve socialism” and to “safeguard the nation’s interests and the public interest.”
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Ex-JPMorgan star unveils Rothschild hedge funds JV

Former JPMorgan banker Bill Winters is teaming up with Lord Jacob Rothschild, a senior member of one Europe's most revered banking dynasties, to launch an asset management and hedge fund business in London.
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Virgin Media posts strongest full-year results

Virgin Media posted its strongest ever full-year financial results and said it expected to maintain the performance after adding a solid number of new subscribers and extracting record customer spend.
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Google woos publishers with One Pass payment service

Google Inc launched a service to make it easy for publishers to sell digital versions of newspapers and magazines, undercutting a similar plan launched by Apple Inc, as both tech titans battle to dominate smartphones and tablet computers.

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