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Morocco migrant dies in suitcase

A Moroccan man suffocated to death in a suitcase after his brother tried to smuggle him into Spain in the boot of his car, the Spanish government says. The 27-year-old man was on board a…


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Hayes found guilty of rigging benchmark rates

©Reuters Tom Hayes, former trader, accused of manipulating Libor rates Tom Hayes, the first person to stand trial for rigging benchmark interest rates, has been convicted of eight counts of conspiring with other traders and…


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Europe’s banks need coherent business mix

©Bloomberg They were tentative, and they were so quiet as to be barely audible. But there were clear sighs of relief from the managers of Europe’s big universal banks as they reported first half numbers…


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Auditors go high-tech to win new business

©Bloomberg Auditors have a newfound zest. Rapid developments in digital technology and new rules requiring large companies to invite bids for auditing work at least once a decade have forced accounting firms to refocus on…


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Strong Latin America sales boost Heineken

A big jump in sales in Latin America helped Heineken increase profits even as political instability in Nigeria knocked the Dutch brewer’s crucial African business. Rising sales of Heineken’s premium brands such as Desperados in…



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Mafia 'communicated in sheep code'

“The sheep need shearing,” one message said – a phrase police are sure had nothing to do with actual sheep A mafia boss on the run since 1993 communicated with fellow criminals using a code…


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'1,700 intrusions' at Calais terminal

There have been thousands of intrusions near the Channel Tunnel in recent days, police said There were 1,700 “intrusions” by migrants who broke into the Channel Tunnel’s freight terminal overnight, a French police union has…


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Buhari delays rattle Nigeria investors

©AFP When Muhammadu Buhari took office two months ago, hopes were high that the former general would act quickly to drag Nigeria out of the economic crisis he had inherited. More On this topic IN…


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India launches crackdown on online porn

India has launched a crackdown on internet pornography, banning access to more than 800 adult websites, including Playboy and Pornhub. The restrictions followed a ruling from India’s telecoms ministry ordering internet service providers, including international…