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Capture IT system: Compensation scheme opens for sub-postmasters
Posted onThe government has launched a scheme to compensate former sub-postmasters and their families who were made to repay shortfalls caused by the Capture branch IT system. That system was in place from 1992 to 2000, and was the predecessor of the Horizon IT system which was also beset by scandal. A pilot version of the…
Intel shares slide 12 per cent as supply constraints limit growth
Posted onUnlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Intel shares dropped as much as 12 per cent on Thursday after the US chipmaker gave a downbeat revenue outlook linked to issues in the launch of its new manufacturing technology that is critical to…
UK growth forecast upgraded by IMF but risks remain
Posted on“Today’s policymaking is constrained by a more volatile external environment with more frequent and overlapping shocks, a rising public interest bill, in part reflecting market concerns with countries’ elevated debt, and the long-standing challenge of weak productivity growth,” he said.
Bigger than the Shard: Banking giant announces new £10bn office
Posted onPA Media The new development could bring 7,800 jobs to the area Global banking giant JP Morgan Chase has announced plans to build a new tower in Canary Wharf, claiming it will boost the UK’s economy by £10bn. The firm said at three million square feet (280,000 sq m), the building would have double the…
Iran warns it will hit US bases across region hours after presidents apology
Posted onIran’s military warned that it would continue to target US forces across the Middle East, hours after the Islamic republic’s president said Tehran would halt attacks on Gulf states, which are home to American bases. In a recorded video aired on state television on Saturday, President Masoud Pezeshkian apologised for the assaults on Iran’s Arab…
AOL ends dial-up internet service after more than 30 years
Posted onAOL is shutting down the dial-up service that introduced homes across the US to the internet. The firm’s dial-up offering connects to the internet via a phone line and currently only exists in the US and Canada. Launched more than 30 years ago, AOL dial-up was known for its chirpy whirring start-up sound, but it…
