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Daily Archives: July 22, 2019

Ricciardo hit with £10 million claim from ex-advisor

Daniel Ricciardo’s former advisor is claiming more than £10 million over alleged unpaid commissions relating to the Renault Formula 1 driver’s contract. Ricciardo left his long-term backer Red Bull at the end of last season after striking an unexpected two-year deal to join the works Renault team from 2019. According to …

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34-YEAR-OLD ISNER DRAWING MOTIVATION FROM “TRULY INCREDIBLE” FEDERER

John Isner is usually the one playing marathons at the All England Club. But in July, he was a spectator as he watched Novak Djokovic and Roger Federer go to a 13-12 fifth-set tiebreak in the Wimbledon final. Djokovic eventually won, but it was 37-year-old Federer’s performance—he held two match points—that caught Isner’s attention. “The fact he’s playing so …

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Brexit harming UK industrial strategy, warns top economist

The Brexit deadlock has undermined efforts to boost the UK economy, the chairman of the government’s Industrial Strategy Council has told Newsnight. The council holds the government to account over its industrial strategy. Andy Haldane, who is also chief economist of the Bank of England, said it was “plausible” that …

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Shares soar at ‘China’s Nasdaq’ market debut

Image copyrightGETTY IMAGES Trading in China’s Nasdaq-style technology board got off to a solid start. Shares surged in the so-called Star market with one top performer shooting above 400%. China said last year it would launch the technology-focused trading board as it sought to cement Shanghai’s role as a global …

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Government offers ‘inflation-busting’ pay rises

Image copyrightGETTY IMAGES Chancellor Philip Hammond has handed public sector workers a pay rise that is above the UK’s 2% inflation rate. The move comes just days before Theresa May leaves office, which could lead Mr Hammond to resign as chancellor. The deals will affect almost one million public sector …

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Aid budget to be used by International Trade Department

Image copyrightGETTY IMAGES The Department for International Trade is to be given part of the official £14bn aid budget. It will spend the funds on helping developing countries learn from UK expertise on trade deals and attracting foreign investment. The move will see Liam Fox’s department spending funds earmarked as …

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