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FCA says cryptocurrency scams on the rise

Chris Ratcliffe | Bloomberg | Getty Images A collection of bitcoin, litecoin and ethereum tokens. Cryptocurrency scams are using images of celebrities and upmarket London addresses to hoodwink consumers into parting with cash, Britain’s Financial Conduct Authority has said. The warning, first made in June, was reposted on the FCA’s …

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China backs Turkey to overcome its economic crisis

Meanwhile, state-owned banking giant The Industrial and Commercial Bank of China (ICBC) reportedly lent $3.6 billion to Turkey back in July — said to be a loan for the energy and transportation sector. When asked about the investment by reporters, Lu Yi said that China has always attached importance to …

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Euro zone inflation confirmed above ECB target in July

Annual inflation in the 19 countries sharing the euro increased to 2.1 percent in July, European statistics office Eurostat said on Friday, confirming the rate was above the European Central Bank’s (ECB) target. The confirmation of increasing inflation is good news for the ECB, which aims to end a bond …

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Doctors warn on the pace of technological change

Vahdat said that one area in which AI could be hugely beneficial in improving efficiency and cutting costs was cardiological care. “If we collect data in real time and combine it with their historical data as well as data from millions of similar patients, an intelligent system could predict a …

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China to prosecute suspects of scandal-hit vaccine maker 

Chinese authorities will prosecute all suspects in a safety scandal at vaccine maker Changsheng Biotechnology and confiscate its illegal earnings, state broadcaster CCTV reported on Thursday. The company was accused in July of falsifying data for a rabies vaccine and manufacturing an ineffective vaccine for babies, sparking a safety scandal …

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