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Bitcoin value hits new all-time high | Business News
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The value of the best-known cryptocurrency, Bitcoin, has reached a new high. For the first time ever one Bitcoin bought $69,202 (£54,404) on Tuesday afternoon, surpassing the previous high just below $69,000 (£54,242) recorded in November 2021. Money: Elon Musk loses title of world’s richest man It comes, as the previous high did, as a…
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Apple fined £1.5bn for not notifying users of cheaper music streaming options | Business News
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Apple has been fined €1.8bn (£1.54bn) by the EU for favouring its own music streaming service rather than rivals. Apple did not fully inform their device users there were alternative and cheaper subscription services for more than a decade, said the EU executive, the European Commission. Money blog: Holidays get cheaper as pound strengthens –…
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Elon Musk sues OpenAI and Sam Altman, saying company putting profit over the public good | Business News
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Elon Musk, the multi-billionaire owner of Tesla and X, is suing artificial intelligence company OpenAI, accusing the firm of prioritising profit over developing AI for the public good. Mr Musk is bringing the suit against OpenAI, which he co-founded, and its chief executive, Sam Altman, for breaching a contract by reneging on its pledge to…
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Bitcoin hits $60,000 – as all-time high nears | Business News
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Bitcoin has hit $60,000 for the first time since November 2021 – putting the cryptocurrency in touching distance of a new record-high. One Bitcoin cost $60,650 at one point early on Wednesday afternoon, after days of huge rises. Money latest: Tax cuts and child benefit change – budget speculation round-up It was close to the…
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Mobile phone customers face ‘lose-lose’ situation as bills go up | Business News
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Mobile phone customers face either a “huge” mid-contract price rise or a “crippling” exit fee from April, according to a watchdog. Which? says Virgin Media and O2 are expected to hike prices by up to 8.8% in April – the highest increase in percentage terms among major providers. The alternative is a potentially “exorbitant” exit…
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Serco ordered to stop using facial recognition technology to monitor staff | Business News
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Serco has been ordered to stop using facial recognition technology to monitor its staff for “prioritising business interests over its employees’ privacy”. The Information Commissioner’s Office (ICO) found that a division of the outsourcing company, Serco Leisure, and community leisure trusts were unlawfully processing the biometric data of more than 2,000 employees at 38 leisure…
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Jeff Bezos sells billions of pounds worth of Amazon stock | Business News
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Jeff Bezos has sold more than $4bn (£3.2bn) worth of his shares in Amazon over the past few days. The Amazon founder and executive chairman sold nearly 12 million shares of Amazon stock worth more than $2bn (£1.58bn) on 7 and 8 February, according to a statement he filed with federal regulators. The collective value…
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Bloomsbury, BookTok, Business, Maas, News, phenomenon, profits, publishing, Sarah, sends, soaring, trend
BookTok trend and ‘publishing phenomenon’ Sarah J Maas sends Bloomsbury profits soaring | Business News
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Bloomsbury Publishing has said its profits for the last 12 months are set to be “significantly” ahead of previous expectations thanks to fantasy author Sarah J Maas and the so-called BookTok social media trend. The company said Maas’s novel House Of Flame And Shadow, which topped book charts in the UK and around the world…
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First full-year profit recorded at Uber as bookings rose | Business News
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Uber has announced its first full-year profit after bookings rose by more than a fifth in the last three months of 2023. The American company’s revenue for the quarter rose by 15% in the three months to December 30, compared with the same period in 2022. Dara Khosrowshahi, the chief executive, said that 2023 marked…
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Apple iPhone sales slump in China as Huawei’s foldable phones gain momentum | Business News
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Apple shares slumped in after-hours trading – driven by disappointing iPhone sales in China and a warning that future revenues will fall well short of expectations on Wall Street. The gloomy market reaction overshadowed an otherwise strong financial performance in Apple’s first fiscal quarter. In the three months to 30 December, the tech giant reported…