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Tesla: Shares fall after regulators launch Musk lawsuit

Investors take fright after the US financial regulator accuses Elon Musk of securities fraud.

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Facebook security breach allowed hackers to control the accounts of up to 50 million users

The company said in a blog post its engineering team found that attackers identified a weakness in Facebook’s code regarding its “View As” feature on Tuesday.

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Cosworth in Northampton marks 60 years of powering champions

Mike Costin and Keith Duckworth wanted to “make a living messing around with racing engines”.

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TSB and HSBC resolve online glitches that locked customer accounts

TSB says its systems are almost back to normal, while HSBC says its computer glitches have been resolved.

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Pope defrocks Chile priest at center of global abuse scandal

Pope Francis has defrocked the Chilean priest at the center of the global sex abuse scandal rocking his papacy, invoking his “supreme” authority to stiffen a sentence originally handed down by the Vatican in 2011.

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Powerleague five-a-side football firm to close 13 sites

Powerleague unveils a rescue plan which involves closing pitches and the loss of 109 jobs.

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Bank of America Merrill Lynch cracks down on risky securities with ban on penny stocks

Bank of America appears to be the first major wirehouse to restrict the purchase of penny stocks. The move is the latest example of CEO Brian Moynihan’s pulling back on potentially risky activities.  

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Hong Kong’s 28-month property bull run just came to an end

The Asian metropolis has seen house prices rise at an annual rate of almost 10 percent since 2012.

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Tesla shares plunge as Wall Street throws in towel, saying Musk departure could cost stock $130

Tesla’s stock is falling as analysts voice concern about the negative effects from SEC’s lawsuit against CEO Elon Musk.