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RBS reports first profit in 10 years

Image copyright Getty Images Royal Bank of Scotland has returned to profit for the first time in a decade as it continues its recovery. Chief executive Ross McEwan told the BBC it was “a really symbolic moment.” The bank, which is majority-owned by the taxpayer, made an annual profit of …

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Anbang Insurance head Wu Xiaohui to be prosecuted

Image copyright Anbang Insurance Group Image caption Wu Xiaohui is considered one of China’s most politically connected men The head of Chinese insurance and financial giant Anbang, will face prosecution for “economic crimes”, China’s insurance regulator said. Wu Xiaohui, who has been removed from his post, was detained by authorities …

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Japanese airbag maker Takata reaches settlement in US

Image copyright Getty Images The US arm of Japanese manufacturer Takata has reached a settlement with 44 US state attorneys-general into claims it concealed dangerous defects in its exploding airbags. The faulty airbags have been linked to at least a dozen deaths and more than 100 injuries worldwide. The settlement …

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The fashion show with Hollywood visual effects

Lucasfilm’s ILMxLAB and the London College of Fashion have teamed up to put on a catwalk show with a difference. A virtual avatar controlled by a performer in a motion capture suit appears onstage next to real life models. BBC Click finds out more. Video produced by Nick Kwek See …

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The low-cost mini satellites bringing mobile to the world

Image copyright Sky and Space Global Image caption Arrays of tiny satellites will bring mobile services to billions who currently have no access Large chunks of the planet are still of out of reach of mobile phone signals – that’s about four billion people without access to digital communications. But …

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Rail regulation

Labour wants to bring Britain’s railways back under public control, but 75% of the industry is already nationalised. Source link

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British Rail could be revived under Labour

Image copyright Getty Images Labour could bring back British Rail as part of its renationalisation plan, with shadow chancellor John McDonnell promising “full integration, as best we can” between track and train. Management of the network – track, signalling and major stations – was split from train operations during the …

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