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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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South Korea central bank cuts rates

Category : Business, World News

South Korea’s central bank cuts its key interest rate in a surprise move aimed at boosting growth and countering a weak Japanese yen.

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Spain in fresh bid to revive economy

Category : World News

Spain is set to unveil new measures aimed at reviving the economy, a day after unemployment hit another record and with violent protests erupting in Madrid.

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Web games get fair trading scrutiny

Category : World News

Web and phone games aimed at children that charge for extras are being investigated by the Office of Fair Trading.

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Portugal shares fall on cuts news

Category : Business, World News

Portugal’s PSI 20 share index falls after a court ruling that spending cuts aimed at balancing the country’s finances are unconstitutional.

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‘Significant progress’ in Cyprus

Category : Business

Cypriot Finance Minister Michael Sarris says there has been “significant progress” in talks with the EU and IMF aimed at securing a 10bn-euro bailout.

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Row over Budget home loans plan

Category : Business, World News

A political row has blown up over claims a Budget initiative aimed at helping people get on the housing ladder could be used for second home purchases.

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VIDEO: Baggage handlers protest at market plans

Category : World News

The single market aimed to open up services across Europe to competition 20 years ago, but there are still areas of the economy where it has not been brought in.

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Pensions plans ‘will cost jobs’

Category : World News

The CBI has renewed its attack on a European scheme aimed at strengthening pension finances – claiming it will lead to thousands of job cuts.

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It’s Google vs Apple as Christmas shoppers snap up one tablet computer every second

Category : Business

New and cheaper rivals to Apple’s iPad and models aimed at children help to set the tills jingling

Retailers say 2012 will be a “tablet Christmas” as they gear up for a massive surge in sales of products such as the iPad Mini and Google Nexus 7.

John Lewis, Argos, Currys and PC World are all expecting strong demand for tablet computers in the next fortnight, with sales at PC World and Currys already up 1,000% year on year.

Last Monday – the day the retail industry calls “cyber Monday” because it is the busiest online shopping day of the year – PC World and Currys sold one tablet every second, according to a spokesman for Dixons, their parent company.

“We are still looking to sell a tablet every two seconds between now and Christmas,” he said. “iPads were big last year, but the new devices that have come out this year have really opened up the market to a much wider audience. There is also a much greater price range, which is making a big difference.”

He added: “Apple products have always been popular, but this year is totally different. More people are cottoning on to the fact that these tablets can make their lives easier in lots of different ways.”

Four rivals to the iPad have arrived in stores in the last six weeks, starting with the Kindle Fire HD and a new version of the Google Nexus 7 in October. This was followed by the iPad Mini and the Nook and Nook HD in November. Prices across the brands range from £159 to £529.

Most retailers said it was too close to call which brand of tablet would sell best, but one online consumer electronics retailer, ebuyer.com, expects Apple to be knocked off the top spot. “We think this year’s top-selling tablet will be the 32GB Google Nexus, as Google’s competitively priced tablet is trying to take a piece of Apple’s market share,” said a spokeswoman for the website.

John Lewis said sales of tablet computers across its stores were up 250% year on year and it expected that figure to grow in the next fortnight. “Sales of Apple’s iPad and iPad Mini are very strong, but this is the first Christmas we have seen real rivals to Apple on different platforms, including Android and Windows 8,” said Matt Leeser, head of buying for communication technology at the store. “Tablets such as the Google Nexus 7, Kindle Fire HD and Nook HD have all exploded on to the market and are selling very well.”

Argos said it expected to sell a million tablets by the end of the year,. “We definitely believe this will be a tablet Christmas,” said Simon Barry, technology trading manager at Argos. “We are seeing more and more that people are wanting ‘my’ tablet rather than ‘our’ tablet – with multiple devices going into homes.”

He added that tablets aimed at children were also expected to be popular. These include the Nabi, which, according to maker Fuhu, is “the world’s first and most powerful tablet made just for kids”. It launched in the UK in October, priced £149.99. Its rival, the Innotab 2, is aimed at four- to nine-year-olds and costs £84.99.

Cheaper versions are also expected to sell well this Christmas, said Barry. The CnM Touchpad, a very basic version of the more sophisticated tablets, is on sale for less than £100.

The magazine publisher Future said last month that it was banking on a huge sales surge of e-editions of its titles. Mark Wood, its chief executive, said that the company was already shifting $1m (£620,000) in gross revenues a month from sales of its 100 digital titles.

Some shoppers are so desperate to get their hands on one of the new iPad Minis – there is currently a two-week wait before delivery – that they are prepared to pay out well over the odds for one. At the time of writing, an iPad Mini 16GB Wi-Fi version, which sells for £269 from Apple, was commanding £330 on eBay with an hour of bids left to go. Some sellers were listing prices as high as £399 for the same model.

No last-gasp Twinkie talks deal

Category : Business

Last-ditch efforts break down aimed at ending a labour dispute threatening the future of Twinkies, one of the best-known US snack food brands.

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