BUSINESS 

Shopper boycotts Tesco after staff call her ‘darling’

A shopper is boycotting Tesco in protest at being called ‘darling’ by checkout staff. Beth Bellamy claims the informal method used by female workers to address her was ‘patronising’ and ‘offensive’. She told how she was also unhappy about being called ‘sweetheart’ and ‘babe’ at the same shop. She declined to name the store and is not thought to have made a complaint. But she was one of five members of the public spoken to by the BBC for an article about shoppers who have stopped using companies because of…

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BUSINESS TECHNOLOGY 

TalkTalk ranked worst for broadband – again 

TalkTalk has been shamed as the worst broadband provider amid continuing anger over the country’s slow and failing online service. It was the fifth time running the provider has finished bottom in the survey, which highlights how Britain lags behind much of the world in broadband speeds. Our ability to stream video, browse the web and use email remains frustrating, particularly at peak evening times. Research from consumer group Which? found many providers are delivering woeful customer service. TalkTalk has been shamed as the worst broadband provider amid continuing anger…

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BUSINESS 

Equifax sent people to wrong site to check on data breach

For weeks, Equifax has been mistakenly sending customers to the wrong site to check if their data was breached in historic hack that exposed data belonging to 143million people.   Equifax, which is one of America’s three largest credit bureaus, created the website equifaxsecurity2017.com for people to check if they had been compromised in the historic breach that was announced on September 7. The company’s customer service team had mistakenly sent Twitter users to a different site, securityequifax2017.com, by tweeting that link, The Verge first reported.  The tweets, which were sent from…

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BUSINESS 

CEE MARKETS-Leu steady after lower-than-expected CPI data

BUDAPEST, Sept 12 (Reuters) – The Romanian leu held steady after lower-than-expected inflation data on Tuesday, which confirmed that the pace of price growth across the region remains moderate. Romanian consumer price inflation slowed to 1.2 percent on the year in August, from July’s 1.4 percent, below market expectations for 1.5 percent, helped by a robust fall in food prices. All analysts polled by Reuters expect the Romanian central bank to keep interest rates on hold at a record low 1.75 percent at its next meeting on Oct. 3. Five…

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ASIA BUSINESS 

UN experts: NKorea exported $270 million illegally recently

UNITED NATIONS (AP) – U.N. experts say North Korea illegally exported coal, iron and other commodities worth at least $270 million to China and other countries including India, Malaysia and Sri Lanka during the six-month period ending in August in violation of U.N. sanctions. A report released Saturday by the experts monitoring sanctions says Kim Jong Un’s government continues to flout sanctions on commodities, an arms embargo and shipping and financial restrictions. The experts say North Korea is also reportedly continuing prohibited nuclear activities with weapons-grade fissile material production at…

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BUSINESS 

3 Equifax executives sold stock before hack was revealed

SAN FRANCISCO (AP) – The Latest on the massive breach at credit monitoring company Equifax (all times local): ___ 5:05 p.m. This July 21, 2012, photo shows Equifax Inc., offices in Atlanta. Credit monitoring company Equifax says a breach exposed social security numbers and other data from about 143 million Americans. The Atlanta-based company said Thursday, Sept. 7, 2017, that “criminals” exploited a U.S. website application to access files between mid-May and July of this year. (AP Photo/Mike Stewart) Three Equifax executives sold a combined $1.8 million in stock to…

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BUSINESS 

China raises yuan midpoint for 10th straight day to near 16-month high

SHANGHAI, Sept 8 (Reuters) – China’s central bank raised its official yuan midpoint for the 10th straight session on Friday to 6.5032 per dollar, the strongest since May 12, 2016. The higher fix reflects the yuan’s firmer performance from a day earlier. The last time the midpoint was set higher for 10 days in a row was in late December 2010. But Friday’s midpoint – 237 pips or 0.36 percent firmer than the previous fix of 6.5269 per dollar – was weaker than market expectations, trader said. Their forecasts had…

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AUSTRALIA BUSINESS 

Australia banking watchdog says probe to dig deep into CBA culture

By Tom Westbrook SYDNEY, Sept 8 (Reuters) – Australia’s banking regulator said on Friday its unprecedented investigation of Commonwealth Bank of Australia would examine whether its corporate structure had enabled a series of scandals that have rocked the lender’s reputation. Treasurer Scott Morrison said the watchdog had the power to remove directors and its investigation would dig deep into what had gone wrong at Australia’s biggest company, amid calls for a wider judicial inquiry into the financial sector as a whole. “It’s going well beyond the specific instances to look…

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AFRICA BUSINESS 

Egypt’s Pharos advising on deals worth $400 mln

By Ehab Farouk CAIRO, Sept 7 (Reuters) – Egyptian investment bank Pharos Holding is advising on 7.5 billion Egyptian pounds ($428 million) worth of deals expected to close over the next 18 months in sectors ranging from food retail to chemicals, its chief executive told Reuters. The deals reflect a broader move by the Cairo-based company to build up business outside the banking industry, including expanding its asset management business and entering areas such as insurance, real estate financing, and financial leasing. Pharos has been picked as a financial adviser…

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BUSINESS 

US STOCKS-Futures flat as investors keep an eye on Hurricane Irma

By Sruthi Shankar Sept 7 (Reuters) – U.S. stock index futures were little changed on Thursday as investors tracked Hurricane Irma’s path and awaited the weekly jobless claims report. * Hurricane Irma, which has killed eight people on the Caribbean island of Saint Martin, is likely to be downgraded to a Category 4 storm by the time it makes landfall in Florida, the U.S. National Hurricane Center said on Thursday. * Wall Street took a breather on Wednesday when President Donald Trump agreed to pass an extension of the U.S….

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