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The Winter Olympics problem—nobody wants them

Beijing landed the 2022 Winter Olympics, which highlights a bigger problem—cities don’t think it’s worth the cost.

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Hurricane Katrina-like typhoon may hit Taiwan

Typhoon Soudelor could land a direct hit on the Taiwanese capital of Taipei with the same force as 2005’s devastating Hurricane Katrina, NBC reports.

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ITV shares hit by US media sell-off

The FTSE 100 edges lower, and shares in ITV fall following the sell-off in US media stocks in the past couple of days.

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Brazil inflation hits 12-year high

Inflation in Brazil hits a 12-year high of 9.56%, largely because of rising electricity prices, official figures show.

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The luxury car line banning haggling at dealerships

Lexus, Toyota’s luxury brand, is introducing negotiation-free dealerships according to the Detroit Free Press.

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Fed gets no excuse in July jobs data: Economists

The solid jobs growth for last month gives the Fed little reason not to hike rates, market watchers tell CNBC.

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Why firms miss out on 1/4 of world’s customers

Businesses may be missing out by not capitalizing on the growing Islamic population and offering more halal products.

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Billionaire and Spain in tussle over Picasso painting

A Picasso painting is at the center of a dispute between a billionaire and the Spanish government, the Financial Times reports.

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Apple spends this much to keep Tim Cook safe

It can get pricey protecting a internationally famous tech CEO, Patently Apple reports.

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UK trade deficit widens in June

The UK trade deficit in goods and services almost doubled in June to £1.6bn, from £885m the previous month, the Office for National Statistics says.