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BBC News - Business - UK Edition 

'Risk of debt peril' when rates rise

A "relatively benign" rise in interest rates still has the potential to double the number of households facing debt problems, a think tank has said.

Facebook reports surge in profits

Social networking firm, Facebook has reported that profits more than doubled in its second quarter on a jump in advertising revenue.

GM recalls 717,949 more vehicles

General Motors is recalling an additional 717,949 vehicles due to a range of issues, including loose bolts and potentially incomplete welding on some seat hooks.

Arrests made after eBay Stubhub thefts

Arrests are made in the UK, US, Canada and Spain after a scam involving e-tickets for Elton John concerts and other shows sold via Stubhub.

China manufacturing growth speeds up

China's manufacturing activity grows at its fastest pace in 18 months in July, an initial survey by HSBC shows, the latest sign that its economy may be stabilising.

Websites frozen in pension campaign

Eighteen websites have been suspended and arrests made during a campaign, being revamped on Thursday, against pensions cash "predators".

Ban on flights to Tel Aviv renewed

The suspension of US and European airline flights to Israel's Ben Gurion airport after a nearby rocket attack has been extended for a second day.

Bank and business at odds over rates

Bank of England minutes show officials are still wary over raising interest rates while the Institute of Directors believes the Bank is being too cautious.

IMF forecasts lower US growth

The IMF is lowering its forecast for US economic growth to a "disappointing" 1.7%, the second downgrade this year.

Young adults face housing squeeze

A growing proportion of young people have been squeezed out of the housing market in England and are renting privately instead, a report suggests.

Pepsico shares surge on results

Shares in snacks and drinks giant Pepsico trade close to record levels after the company reports positive results.

Glaxo profits fall hits shares

GlaxoSmithKline shares fall 6% as the drugs company's profits are hit by a slide in sales and a bribery investigation in China.

Boeing profits from sales boost

US aerospace giant Boeing earnings rise 52%, boosted by a "strong" quarter for commercial aircraft sales.

PayPal to advance cash to businesses

Online payments firm PayPal is to advance cash to UK small businesses from the early autumn as an alternative to traditional loans, the company has announced.

Airline route assessments criticised

Safety assessments for risky air routes are "not good enough", the British Airline Pilots Association says.

PM to check arms export licences

David Cameron vows to examine outstanding licences for the sale of arms to Russia after claims by MPs that they could breach the terms of an embargo.

Apple earnings up on iPhone sales

Apple reports quarterly profits of $7.75bn up 12%, helped by strong sales of its iPhone.

Herbalife dodges "death blow"

Hedge fund manager Bill Ackman fails to land his promised "death blow" on diet shake company, Herbalife.

British holidaymakers return to Spain

The number of people taking their holidays in Spain reaches record levels, according to the country's tourism ministry.

Disability benefits flaws 'grave'

Parts of the disability benefits system require a "fundamental redesign" because flaws in the process are so "grave", a group of MPs says.

Pension delay to be less lucrative

People who delay taking their state pension from 2016 will gain less financial benefit than under current rules, the government proposes.

UK house sales 'highest since 2007'

UK property sales in June hit their joint highest monthly total since the financial crisis began, figures show, but sales among young adults are low.

Non-stop Argentina debt talks demand

A US judge orders Argentina and its creditors to meet "continuously" to avoid the nation defaulting on its debts later this month.

NHS staff balloted over strike action

Midwives, nurses and ambulance workers are among more than 400,000 NHS workers in England being balloted on industrial action, including strikes, over pay.

China signs Venezuela oil deal

Chinese President Xi Jinping has signed an oil deal with Venezuela, as part of a four-day tour of Latin America.

Akubra: Keeping it in the family

Akubra has been run by one family for five generations and their handsome felt hats, which are made with rabbit fur, are very much a part of Australia's national identity.

Slovakia's successful app entrepreneur

Aged just eight, Michal Stencl knew he wanted to be a computer programmer - now he runs a firm selling one of world's most popular apps.

How to ask for $250m

The dos and don'ts of pitching for business investment, what venture capitalists look for, and what they run from.

Real Madrid 'most valuable team'

Real Madrid has topped an annual Forbes list of the world's most valuable sports teams.

Fifa partner surrenders in Brazil

Ray Whelan, the British boss of a World Cup hospitality firm, surrenders to a Brazilian judge amid a probe into alleged illegal ticket sales.


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