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Amazon’s profit more than doubles on cloud computing growth

Finance /

Amazon’s push into advertising and cloud computing is paying off, helping the online shopping giant’s first quarter profit more than double from a year ago. The company has boosted its profits by expanding into businesses beyond selling goods online. Its cloud computing business, which powers the video-streaming site Netflix, digital scrapbooking site Pinterest and many […]

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Jockey Club braces itself for ‘financial challenges’

Business /

Image copyright PA The Jockey Club, which runs the UK’s biggest race festivals, is braced for “financial challenges”, despite a tenth year of record profits. Bookmakers have warned that tougher regulations on gambling could hit the racing industry through the closure of thousands of betting shops. The Jockey Club has estimated the cost to racing

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Facebook Removes 1.5 Million Videos Of New Zealand Shooting

Technology /

In the aftermath of New Zealand’s deadly mosque shootings, Facebook removed more than 1.5 million videos worldwide of the massacre that live-streamed on its platform. In an update released Saturday, company spokesperson Mia Garlick said 1.2 million of those clips were blocked before they could be posted. That means 300,000 made it online. Reached for

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Joe Biden Expresses Regret to Anita Hill, but She Says ‘I’m Sorry’ Is Not Enough

Politics /

WASHINGTON — Former Vice President Joseph R. Biden Jr. called Anita Hill earlier this month to express his regret over “what she endured” testifying against Justice Clarence Thomas at the 1991 Supreme Court hearings that put a spotlight on sexual harassment of women, according to a spokeswoman for Mr. Biden. But Ms. Hill, in an

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Trump To Nominate Former Campaign Adviser Stephen Moore For Fed

Finance /

WASHINGTON, March 22 (Reuters) – U.S. President Donald Trump said on Friday he has picked Stephen Moore, an economic commentator affiliated with a conservative think tank, for a seat on the Federal Reserve’s Board of Governors. “I will be nominating Mr. Moore to the Fed,” Trump told reporters as he arrived in Florida for a weekend trip. “He’ll be

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Kentucky Coal Manager Charged With Defrauding Regulators In Black Lung Case

Business /

Prosecutors have charged a former high-ranking coal company manager in Kentucky with conspiring to defraud government regulators as they tried to protect miners from black lung disease. The Labor Department announced the grand jury indictment Wednesday of Glendal “Buddy” Hardison, who managed all the western Kentucky mines for the now-defunct Armstrong Coal Co. Officials made

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