'Kevlar' To Protect Cables From Shark Bites

Google is reinforcing its undersea internet cables with a Kevlar-like material because sharks keep biting them. It is going back to 100,000 miles of fibre optic cable that it owns around the globe and reinforcing it with the protective matting. Since...

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New Rules To Boost Home-Based Businesses

Entrepreneurs will have more freedom to begin a business from home under new measures to be announced by the Government. They include legislation which will make it simpler to run a company from a rented property and new guidance on business rates....

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Rents Rise Again As Home Costs Swallow Income

Rental bills are rising above the rate of inflation again after a break of more than a year- as a separate study warns over the impact on families of higher housing costs. According to LSL Property Services, which runs the Reeds Rains and Your...

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Economy: Eurozone GDP Growth 'Breaks Down'

The 18 nations which use the euro recorded zero GDP growth as a bloc in the second quarter of 2014, with Germany's economy - Europe's biggest - contracting. Official GDP figures showed that weakness in France and Germany - which together make up 66%...

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Npower's Profit Plummets By Almost 40%

Npower has become the latest of the so-called big six energy suppliers to announce a double-digit drop in profits. The company reported a pre-tax profit of £109m for the first half of the year, dropping 38% from £176m for the same period in 2013. Npower...

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Alibaba Film Unit Probes Cash Irregularities

The film unit recently acquired by Chinese e-commerce powerhouse Alibaba has announced an investigation into possible accounting irregularities. Alibaba Pictures Group confirmed the news to the Hong Kong Stock Exchange and said the probe's scope pre-dated...

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Most Expensive Car Ever Sells For Record £23m

A Ferrari considered to be one of the greatest models ever built has sold at auction for a record £22.84m. The 1962 Ferrari 250 GTO Berlinetta is one of only 39 models made. The car sold at auction was the 19th of the 39 and has been owned by the Ferrari...

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UK Growth Hits Fastest Annual Pace Since 2007

The annual rate of UK economic growth has been revised upwards to 3.2% - its fastest pace since the end of 2007. The announcement was made by the Office for National Statistics (ONS) as it confirmed GDP growth of 0.8% in the second quarter of the year....

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Osmond's Sun Closes In On Keepmoat Deal

By Mark Kleinman, City Editor The co-founder of PizzaExpress and one of the restaurant chain's former owners are poised to clinch a £400m takeover of Keepmoat, one of Britain's biggest social housing developers. Sky News has learnt that Sun Capital...

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Lastminute Owner Eyes Sale Of UK Dotcom Icon

By Mark Kleinman, City Editor Lastminute.com, one of the icons of the original dotcom boom, is being put up for sale nearly a decade after its takeover by an American technology giant. Sky News has learnt that Sabre Holdings, which is listed in...

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